BUSINESS
Slurrp Farm, Sirona Hygiene & Wellbeing Nutrition to get $50,000 from Amazon's accelerator
The accelerator was launched on Startup India Hub earlier in the year with the aim to allow startups to get access to customers across the world through Amazon’s ecommerce exports program and create global brands from India.
BUSINESS
Zomato to shut down US table reservation business
Zomato had acquired the US-based restaurant reservations and table management platform in 2015 in a cash and stock deal. The company competed with the likes of OpenTable and Yelp's SeatMe.
BUSINESS
Swiggy launches 15-30 minute grocery deliveries, expands Instamart to 5 more cities in India
This is the first major expansion after Instamart launched in Bengaluru and Gurugram last year. Interestingly, Zomato-backed Grofers recently said it enabled 15-minute express delivery for 7,000 households in Gurugram.
BUSINESS
Zomato reports one billion orders even as losses widen to Rs 356 crore in Q1 2021
The total income of Zomato stood at Rs 916 crore during the quarter under review. This was a massive jump from a revenue of Rs 283.5 crore it reported in the year-ago period.
BUSINESS
Amazon to end partnership with Narayana Murthy's Catamaran Ventures from May 2022
The decision follows harsh criticism from traders association for unfair trade practices.
BUSINESS
IPO-bound Paytm to expand ESOP pool, calls EGM on September 2
In the letter, the company said it plans to increase the existing ESOP pool from 24,094,280 equity options to 61,094,280 equity options at a face value of Rs 1 each. This will help the company reward and recognise employees who have contributed to the growth of the company.
BUSINESS
UpGrad enters unicorn club; raises $185 million from Temasek, IFC
Upgrad competes with companies like Unacademy and Byju's. Interestingly Temasek only led $440 million round announced by Unacademy earlier this month at a valuation of $3.4 billion.
BUSINESS
SC dismisses plea by Amazon, Flipkart seeking relief from CCI probe
Amazon and Flipkart had moved the apex court on July 28 seeking relief from the investigation of the CCI after losing their appeals in lower courts.
BUSINESS
What does a late stage bet by Microsoft mean for OYO?
OYO is likely to use Microsoft’s Azure cloud infrastructure post the strategic investment.
BUSINESS
OYO raising strategic investment from Microsoft at $9 billion valuation
OYO already has Chinese ride-hailing giant Didi Chuxing, Southeast Asian ride-hailing firm Grab and US-based hospitality firm Airbnb as strategic investors.
BUSINESS
25% more sellers became crorepati compared to last year during Prime Day sales: Amazon
During the sale that ended on July 27, as many as 31,230 sellers saw their highest-ever single-day sales.
BUSINESS
Online purchases without permission by kids increased during pandemic: Olx report
Prolonged screen time and unhindered access to the internet due to online schooling have exacerbated mental stress, finds study. 80 percent parents felt it necessary to actively monitor the content being consumed by their little ones. About 1,500 parents across India were surveyed.
BUSINESS
A marriage doesnt happen in 2 weeks: Kalaari's Vani Kola on why she isn't rushing to close deals
The company which earlier had investors ready to invest $600,000 in an ongoing funding round ended up pocketing $6 million seed funding -- 10 times what it had been offered less than 48 hours earlier – led by Accel and Elevation Capital.
BUSINESS
Kalaari Capital launches $10 million fund for women entrepreneurs, CEOs
The idea of the fund is to enable more women founders to be CEO's of startups in shaping India's digital future over the next decade.
BUSINESS
Amazon files petition in SC against Karnataka HC order allowing CCI probe
The two companies have reached out to the apex court after losing their appeals in lower courts.
BUSINESS
What is Term Loan B?
BUSINESS
Droom joins unicorn club with fresh capital; plans to go public by 2022
Ahead of its planned listing at Nasdaq or an Indian bourse, Droom is optimistic about growth in the under-penetrated online automobiles market as it expects consumers to rapidly shift to online purchases in the post-pandemic world.
BUSINESS
Flipkart moves Supreme Court to seek relief from CCI's investigation
Taking a leaf from Commerce Minister Piyush Goyal's recent remark, the Karnataka High Court in its 156-page long order had said that the court failed to understand why Amazon and Flipkart did not want to participate in the enquiry by the Competition Commission of India (CCI).
BUSINESS
Grofers forays into instant delivery, delivers to 7,000 households within 15 mins
Albinder Dhindsa, co-founder and chief executive of online grocery delivery firm Grofers, said over 7000 households experienced delivery within 15 mins on July 26.
BUSINESS
Trifecta Capital announces close of first tranche of equity fund, raises $130 million
The fund will invest in late-stage tech startups and the plan is to invest $15-30 million each in around 10-12 companies for minority stakes, through a combination of primary and secondary positions.
BUSINESS
Nykaa converts into public company ahead of IPO, renamed FSN e-commerce Ventures Ltd
Founded by former investment banker Falguni Nayar, Nykaa is expected to go public at a valuation of $4.5 billion. It is targeting to raise $700 million through the IPO.
BUSINESS
Exclusive | E-commerce Consumer Protection notification likely by August 20
Officials are evaluating the e-commerce industry’s response to the draft rules that aim to protect consumers and stop alleged malpractices by e-tailers. The matter is likely to be put up to Commerce and Industry Minister Piyush Goyal in 2-3 weeks.
BUSINESS
Zomato IPO | Food delivery giant has raised the bar for tech industry, fuelled dreams, says industry
IPO-bound MobiKwik's founder Upasana Taku said it was a super exciting day as Zomato's listing paved the way for many more startups.
BUSINESS
Karnataka High Court dismisses Amazon-Flipkart's plea against CCI investigation
The order means that the Competition Commission of India's probe against the two e-commerce giants for alleged anti-competitive practices will continue
