BUSINESS
Karnataka High Court verdict likely today; here's all you need to know about CCI vs Amazon-Flipkart case
The Karnataka High Court will decide if the Competition Commission of India (CCI) can go ahead with a probe against Amazon and Flipkart for alleged anti-competitive practices, a judgment that can have a bearing on India’s e-commerce space.
TRENDS
COVID-19 impact | BookMyShow lays off 200 employees; seeks outplacement
BookMyShow has reached out to multiple companies requesting for outplacement of these employees.
BUSINESS
Cult.fit acquires Bengaluru-based fitness start-up TREAD
The development comes soon after Tata Digital, a wholly owned subsidiary of Tata Sons, announced an investment of up to $75 million in CureFit Healthcare Private Limited, the parent of cult.fit.
BUSINESS
From Burger King to Macrotech: Five loss-making firms that went public in India past 2-3 years
Some companies have listed with a hefty premium in recent years despite red ink on their balance sheets, and now some firms with losses up to almost Rs 2,500 crore are heading for an IPO.
BUSINESS
BharatPe acquires loyalty platform PAYBACK India from American Express, ICICI Investments Strategic Fund
While BharatPe did not comment on the deal size, it is expected to be in the range of $28-30 million.
BUSINESS
Oyo, AirBnB, EaseMyTrip & Yatra join hands to launch industry body for travel industry
The association will help small and medium hotels and homeowners across India to adopt technology to revive their pandemic-hit businesses. It also plans to promote new formats of tourism.
BUSINESS
Zomato elevates Akriti Chopra to founder ahead of IPO
Akriti Chopra, who was CFO till October, left the position soon after the company got active with its IPO plans. Akshant Goyal will be the new CFO. This is not the first time Zomato is elevating an employee to the position of a founder.
BUSINESS
Paytm's path to IPO: Tracking a 2-decade journey of pivots
This is not One97's first attempt to go public. In 2010, the company, which then used to provide value-added services (VAS) for telecom customers planned to raise Rs 120 crore through an IPO.
BUSINESS
Board has approved IPO proposal, Paytm tells stakeholders
The proposed IPO is likely to have a combination of fresh issue of equity shares as well as an offer for sale of equity shares by existing shareholders of the company.
BUSINESS
BharatPe becomes ICC's official partner for three years
The ICC partnership is an organic extension to BharatPe’s existing brand strategy centred around cricket.
BUSINESS
Paytm's losses and revenue shrink ahead of IPO: Here are key takeaways from annual filing
The decline in expenditure was mostly led by a sharp reduction in the marketing and promotional expenses of the company.
BUSINESS
Paytm narrows losses to Rs 1,701 crore in FY 21 ahead of IPO
One97 Communications, which owns and operates Paytm, saw its revenue drop to Rs 3,186 crore from Rs 3,540 crore in the previous year.
BUSINESS
Robotics startup Addverb Technologies in advance talks to raise $80-120 million
The Noida-based robotics startup plans to use the money to set up another manufacturing plant and also expand globally.
BUSINESS
India has 50,000 recognised startups; 45% have women entrepreneurs
Entrepreneurs now have options to avail benefits across a range of laws, regulations, fiscal and infrastructural support, leading to a surge in startup ecosystem growth.
BUSINESS
Former Victoria’s Secret CEO joins Clovia as adviser
Sharen Jester Turney, who will help Clovia with business strategy, category and international expansions, is big on omni-channel strategy for retail companies.
BUSINESS
Edtech platform Bambinos raises seed funding from Curefit's Ankit Nagori, xto10x's Neeraj Aggarwal, others
Bambinos will use the fresh funds to develop new products, scale up its distribution network and enhance the course content
BUSINESS
Unlike the US where Amazon dominates, India is multi-platform market: Ananth Narayanan
I think having an owner mindset is quite critical for any start-up to be successful; you must treat yourself and think of yourself as a founder independent of equity ownership
BUSINESS
Alcohol home delivery: Why is it not cheers yet for Zomato, Swiggy
Food-tech platforms face regulatory bottlenecks, harassment of delivery staff by police and strong resistance from alcohol retailers who often pay a very high fee for a liquor license, and view food-delivery firms as long-term competitors.
BUSINESS
Setting Sail | Mensa is locally innovated, it's not a Thrasio of India: Ananth Narayanan
In this episode of Setting Sail, Narayanan talks to Priyanka Sahay and M Sriram about his two decade old career spanning across the four Ms -- McKinsey, Myntra, Medlife and Mensa. Tune in to know more.
BUSINESS
Thrasio-type startup Mensa Brands raises $50 million from Accel, Falcon and others
Structured on the model of Thrasio, Mensa plans to partner and invest in digital-first brands and scale them exponentially.
BUSINESS
Paytm board gives in-principle approval for IPO
The eight-member board met on May 28, 2021, to give their approval for a $3 billion initial public offering, making it the biggest in India's history.
BUSINESS
Paytm looks to raise $3 billion by selling shares to the public
One97 Communications India Ltd, which runs the Paytm service, is likely to go for an IPO with almost double the valuation.
BUSINESS
Five charts that capture IPO-bound Paytm's journey
The board of One97 Communications, the parent firm of Paytm, is meeting on May 28 to give its go-ahead to a $3-billion IPO, the biggest in India's history.
BUSINESS
Paytm board meets today to approve India's biggest IPO: All you need to know
The eight-member board will meet over a virtual meeting to give their go-ahead for a $3 billion initial public offering (IPO), making it the biggest in India's history.
