BUSINESS
Will work with the founders of Daily Basket to resolve the 'trademark' issue amicably: BigBasket
The Bengaluru-based e-grocery firm last week sent bootstrapped online grocery startup Daily Basket a notice for using the word basket in its brand name and logo.
BUSINESS
Zomato raises $250 million in funding from Tiger Global, Kora and others
As per the latest filing by Info Edge, $115 million has been invested by Kora Management LP, $55 million from funds associated with Fidelity, $50 million from Tiger Global Management, LLC, $20 million from Bow Wave Capital Management, LP and $10 million from Dragoneer Investment Group, LLC.
BUSINESS
Over 8 crore traders to participate in Bharat Band protest on February 26: CAIT
The business community which was enthusiastic about the goods and service tax (GST) system when it was introduced now feels depressed because of wide complications in GST compliance and imposition of huge penalties even for small unintentional errors.
BUSINESS
CAIT accuses Narayana Murthy of helping Amazon, demands government investigation
The CAIT has also dragged banks such as HDFC Bank and State Bank of India for partnering with Amazon to give shopping advantage to people for purchasing goods exclusively from Amazon and other e-commerce companies.
BUSINESS
India should become a bright sun, the opposite of West's Black Mirror, says Balaji S Srinivasan
According to Srinivasan, India has resources and it is high time that the industry of technology, especially AI and robotics, were shown in a much positive light in comparison to what the west is portraying.
BUSINESS
Amazon India head assuages employee concerns, says company has 'always been compliant with all Indian laws'
According to a detailed report by international news agency Reuters, which has quoted documents dated between 2012 and 2019, Amazon has circumvented Indian laws which only allow marketplace models, on multiple fronts.
BUSINESS
CAIT to organise mass agitation to protest against anti-competitive practices of Amazon: Praveen Khandelwal
In order to abide by the laws on papers, Amazon in February restructured its partnership with companies such as Catamaran Ventures through which it runs a venture called Cloudtail, one of its preferred vendors.
BUSINESS
Fresh trouble brews for Amazon soon after it announces plans to manufacture in India
Amazon is known to be having a set of preferred vendors who get a majority of the business generated by the e-commerce giant.
BUSINESS
Ordered some veggies? This startup brings a truckload to your doorstep!
Bok choy, lettuce or spinach, Delhi-based VegEase sends you a van full to choose from. It has 85 vans at present, and plans to increase the number of trucks to 500 in Delhi NCR alone by May. Foray into other cities by March on the cards.
BUSINESS
India needs local innovations to make mapping accurate: Zomato's Mohit Gupta
After facing constant issues with the locations while delivering food to customers, Zomato had to launch a feature on its app which allowed users to leave voice commands narrating the location for the delivery personnel.
BUSINESS
Entrepreneurs hail Narendra Modi government's move to free up mapping
Prime Minister Narendra Modi described it as a decision that would provide a huge impetus to Digital India and a massive step in its vision for Atmanirbhar Bharat.
BUSINESS
Amazon sought $40 million to let Future-Reliance deal proceed
Amazon, which owns a 49 percent stake in Future Coupons, an unlisted company, has challenged the Future Group-Reliance Retail deal, claiming it did not consent to such a transaction.
BUSINESS
Amazon merges Pantry with Fresh to simplify customer experience
BUSINESS
CEO Ashneer Grover opens up about BharatPe's bid to acquire Punjab and Maharashtra Cooperative Bank
If the buyout succeeds, the plan is to turn PMC into a purely digital enterprise; will also help the company source cheap capital for lending
BUSINESS
Founder-CEO Ashneer Grover on why BharatPe chose not to be a unicorn, for now
Ashneer Grover thinks BharatPe has achieved a lot but has a long way to go, the unicorn tag can be a distraction.
BUSINESS
Exclusive: Anthill partners a foreign PE to set up $130-150 million early growth stage fund
There is paucity of capital as start-ups begin to scale and move into the late venture capital stage. There exists tremendous opportunity for smart investors to tap into these start-ups and it is this space that the company is eyeing.
TRENDS
Koo founder: All for freedom of speech but will first follow law of the land
Aprameya Radhakrishna, co-founder of Koo, which is benefitting from Twitter’s row with the Indian government, says his microblogging site will bring together English and non-English speaking users.
BUSINESS
Cryptocurrency ban will be unprecedented, govt bitcoin defeats purpose, say experts
They believe it makes sense to regulate rather than proscribe one of the fastest growing sectors in fintech globally; to consider a draconian piece of legislation will deprive investors and entrepreneurs of participating in a great wealth creation opportunity
BUSINESS
Soon, your smiles and frowns will tell an etailer your likes and dislikes
Facial recognition and emotion analysis will soon help etailers capture customers’ emotions and help them offer the right products. Artificial intelligence will help the etailers detect a shopper's gender, age and emotions, among other things, in real time, and target them with relevant ads and promotions
BUSINESS
HDFC Bank invites startups to apply for SmartUp grants
The startups will be evaluated basis their market reach, penetration and scalability of the product, degree of social impact in beneficiaries’ lives and economic viability of product at scale.
BUSINESS
Venture Catalysts' 9Unicorns raises Rs 100 crore from Haldiram's, others
With a growing interest among domestic and global investors, the early-stage startup fund has decided to expand the corpus to Rs 500 crore from Rs 300 crore.
BUSINESS
MakeMyTrip raises $200 million through zero percent interest bond
MakeMyTrip reported a correction in the bookings during the last quarter of 2020 which had witnessed a steep fall following the pandemic and the subsequent lockdown earlier during the year.
BUSINESS
Vested Finance that allows Indians to invest in US stock market raises $3.6 million
Vested processed more than $100 million in trades in 2020 and more than half of the investors using the platform are investing in the US market for the first time, the company has said .
BUSINESS
Ixigo acquires Bengaluru's Confirmtkt in stock & cash deal
The founders of Ixigo will join the board of the online train discovery and booking platform. Both companies will continue to run independently after the acquisition.
