BUSINESS
CAIT demands CBI inquiry into Amazon bribery allegation
The development comes after a media report stated that Amazon Inc had initiated an investigation into the conduct of its legal representatives in India.
BUSINESS
Not restaurants but Swiggy, Zomato to pay GST to government
The government has been working on a proposal to ask food delivery delivery apps to collect and deposit GST with the government, instead of what is currently done by the restaurants.
BUSINESS
Swiggy, Zomato may take a hit if GST council approves proposal to levy tax on deliveries
The GST Council is meeting on September 17 and is expected to take up a proposal that could make ordering from food delivery platforms expensive for customers.
BUSINESS
Zomato puts restaurant loyalty program on hold
The development comes soon after the company witnessed the sudden exit of co-founder Gaurav Gupta, who was the face of Zomato during the run-up to the initial public offering (IPO), leading discussions with the investors and the media.
BUSINESS
Shopee's entry will send shockwaves among offline traders: CAIT
The CAIT has asked Prime Minister Narendra Modi to look into the entry of Shopee stating that it will send shock waves to the offline traders' community which is yet to recover from the "unfair trade practices adopted by foreign-funded e-commerce companies".
BUSINESS
India has a very strong foundation for resale and sustainability: Poshmark
CEO Manish Chandra says Poshmark wants to invest in people, marketing and growth as opportunity scales up. The firm signed multiple offer letters on September 15, the day it launched India operations
BUSINESS
US-based Poshmark launches operations in India
Poshmark, which specialises in second-hand clothing, The company will charge a 20 percent commission on products sold above Rs 500 and a flat Rs 99 for items sold below Rs 500
BUSINESS
Gaurav Gupta's Zomato stint ends soon after IPO; here are the roles he played
As per the IPO documents, Gupta's ESOPs in the company were valued at Rs 197 crore. It wasn't immediately clear if he got to liquidate any of it in the public event.
BUSINESS
EXCLUSIVE: Snapdeal's investor looks for partial exit ahead of IPO; secondary round to fetch around $50M
The company which is targeting a $400 million IPO at a valuation of $2-2.5 billion has also appointed Bank of America besides Axis Bank and JM Financial for the public listing.
BUSINESS
Supreme Court adjourns hearing to September 24 as Siliguri hotelier says exploring settlement with Oyo
Oyo’s counsel however said there is no settlement in the pipeline
BUSINESS
Exclusive: Siliguri-based hotelier challenges NCLAT order, appeals in SC against Oyo
In an interaction with Moneycontrol, Mona Agarwalla, director of Siliguri's Central Courtyard Resort, said she was in touch with Oyo. However, so far no settlement had been made. She has claimed a settlement of Rs 37 lakh.
BUSINESS
CAIT announces campaign against foreign-funded e-commerce firms
CAIT also urged the government to implement the rules for e-commerce framed by the government equally to all e-commerce companies, whether domestic or foreign.
BUSINESS
Oyo joins hands with Microsoft to launch smart rooms for travellers
As part of this alliance, Oyo will develop smart room experiences for travellers such as customized in-room experiences. Using Microsoft’s Azure IoT.
BUSINESS
Paytm promotes founder's brother Ajay Shekhar Sharma to CBO ahead of IPO
Paytm, which is targeting an initial public offering (IPO) of Rs 16,600 crore, offers payment, commerce and cloud and financial services to 333 million consumers and over 21 million merchants.
BUSINESS
Delhivery raises $76 million from Lee Fixel's Addition ahead of IPO
Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Kapil Bharati and Suraj Saharan, the logistics startup is planning to list on exchanges between December 2021 and March 2022.
BUSINESS
Dukaan in talks to raise around $70 million in next round, says CEO Suumit Shah
The startup, which has raised $11 million in a pre-Series A round, plans to step up hiring, technology upgrade and also expand merchant base
BUSINESS
Dukaan raises $11 million in pre-Series A round led by 640 Oxford Ventures, to raise $70Mn more
Dukaan is looking to take local retail stores online. The startup allows customers to place orders for fruits and vegetables, food and other items with merchants on its website.
BUSINESS
Oyo launches self sign-up service for hotels
The self sign-up service aims to cut the time required for hotels to onboard on Oyo portal to 30 minutes from around 15 days under the current process.
BUSINESS
EXCLUSIVE | Dream11 invests in Khelomore, cricketer Jatin Paranjape's startup
Dream11's investment in Khelomore is expected to be around $4-$6 million.
BUSINESS
IPO-bound Paytm to create new company for payments business
Paytm is targeting an initial public offering of Rs 16,600 crore. If successful, Paytm's IPO will be India's biggest public issue so far.
BUSINESS
Hrithik Roshan, Katrina Kaif ads | Amid criticism, Zomato says ads well-intentioned, misinterpreted by people
The ads sparked outrage online as users pointed out that Zomato seems to be masking over real issues with this ode to its delivery agents.
BUSINESS
Exclusive | IPO-bound Oyo to launch self sign-up service for hotels
Oyo’s new initiative will help hotels sign up for the platform in 30 minutes, which is expected to help reverse the sharp fall in the number of properties on the platform because of the pandemic
BUSINESS
Quick deliveries won't happen at the cost of safety: Grofer's Albinder Dhindsa
Last month, Grofers claimed it made 7,000, 15-minute deliveries in a single day.
BUSINESS
We are empathetic towards delivery partners, will only play in 19-20 min timeline even if we seem slower to people: Dunzo’s Kabeer Biswas
Founder Kabeer Biswas says Dunzo prefers to be empathetic towards its delivery partners and will continue with its 19-20 minute timeline
