BUSINESS
Flipkart vs Meesho: A new war in Indian e-commerce
Moneycontrol learns from sources that six-year-old Meesho's rapid expansion and quality of execution have taken India's original internet poster boy, Flipkart, by surprise
BUSINESS
EXCLUSIVE: Singapore's Shopee clocks over 100,000 orders a day in India, emerges as Amazon & Flipkart challenger
From sticky traps for rats to brass necklaces to Hello Kitty mobile covers, Shopee is heavily focusing on unbranded and fast fashion products besides popular categories like electronics and smartphones in India.
BUSINESS
Samunnati plans to raise $100 million in Series E round to fund expansion
Agri-tech firm offers finance and commerce solutions to farmers’ collective and agricultural enterprises. The loan size ranges from Rs 5,000 to Rs 20 crore at an interest of 13-18 percent.
BUSINESS
Interview | I had personally told Policybazaar CEO to list before Paytm: BharatPe's Ashneer Grover
BharatPe founder Ashneer Grover on Paytm's disappointing debut on Dalal Street, why the issue bombed, how this will impact the other tech IPOs, and more.
BUSINESS
BharatPe's Ashneer Grover hits out at Paytm, says founder answerable for investors’ money
In an interaction with Moneycontrol, Ashneer Grover, whose firm recently got a small finance bank licence, said Paytm gave Chinese investors their money back at the cost of the public market.
BUSINESS
Paytm IPO: Let's keep our head low, there's a long way to go: Vijay Shekhar Sharma to employees
November 18 would always remain a special day for Vijay Shekhar Sharma as on this day, Paytm showed the ambition and potential of an Indian startup.
BUSINESS
We are delivering 1.25 lakh orders every day: Albinder Dhindsa of Grofers
'What is different about Grofers is that we not only solve for 10 minutes but because of our knowledge about what customers need.'
BUSINESS
Paytm’s weak listing: Hang in there, business model is strong: CEO Vijay Shekhar Sharma tells investors
Shares of Paytm, the largest and one of the most anticipated IPOs in India, plunged by 27 percent from the issue price within hours of listing.
BUSINESS
Festive season is off to a good start, thanks to Flipkart's BigBillionDays: Doug Mcmillon, CEO of Walmart
During the third quarter earnings call of financial year 2022, the company also said that the quarter was strong for Flipkart in terms of sales and favourable trends in monthly active users.
BUSINESS
Delhi High Court asks CCI to rule on Amazon-Future Coupons deal within two weeks
CCI had earlier decided to hear Amazon and Future Group on January 4. CAIT filed a petition saying that CCI cannot delay deciding a matter of public interest.
BUSINESS
Paytm is doing things in India that are anti-gravity, founder Vijay Shekhar Sharma tells employees ahead of IPO
Calling it an “incredible moment”, Sharma told his colleagues that Paytm was doing things in India that were “anti-gravity”.
BUSINESS
Investigating the allegations of marijuana sale, will cooperate with authorities: Amazon
The MP police said that it had busted an interstate drug peddling gang that was using Amazon’s website for moving marijuana.
BUSINESS
Future Retail independent directors allege Amazon’s intent was always control of Indian retailer
In a letter to CCI, the independent directors said Amazon changed its plans from investing directly in Future Retail to buying a stake in Future Coupons after Press Note 2 was released.
BUSINESS
BharatPe to offer equity to merchants; pool target $1 billion till IPO
We will change it at BharatPe by making our merchants part equity owners and giving them the IPO upside through first of its kind program in the world," said Ashneer Grover, Co-Founder and Managing Director, BharatPe.
BUSINESS
Zomato to deploy $1 billion over 1-2 years in startup investments, picks stakes in Shiprocket, Magicpin and Curefit
While the Shiprocket funding is part of a $200 million round which the company is raising, Curefit and Magicpin's are standalone equity rounds.
BUSINESS
Curefit to raise funding from Zomato, likely to become unicorn
In August, Moneycontrol reported that Ankit Nagori was in talks to raise Rs 100 crore to build a house of food and cloud-kitchen brands.
BUSINESS
Former Paytm Mall executive Amit Sinha's startup Unnati raises Rs 60 crore
It plans to expand the employee strength to 500 by March from 200 now. In the technology wing alone, it wants to step up the headcount to over 100.
BUSINESS
EXCLUSIVE: Zomato wants to do an Info Edge, scouts for investments in startups
Zomato's strategy to build an investment portfolio on top of its mainstay food delivery business is similar to the approach that Info Edge has in India or Tencent has in China.
BUSINESS
Good Glamm Group turns unicorn with $150 million funding
Good Glamm Group will utilise this funding to invest in product development, support data science and technology research, increase offline expansion, among other things.
BUSINESS
Exclusive | Zomato in advance talks to invest in Shiprocket in $200-million round
It will be Zomato's first big-ticket investment after getting listed. The company is expected to diversify its bet in the logistics space with this investment
BUSINESS
Byju's to raise $1.2 billion in debt through TLB round
Moneycontrol reported in August that the company was in the initial stage to raise $500 million via a TLB and that it had started working with Morgan Stanley.
BUSINESS
Future Retail independent directors ask CCI to revoke nod for Amazon-Future Coupons deal
Independent directors write to Competition Commission alleging that Amazon concealed information that it was acquiring strategic, material and special rights over Future Retail.
BUSINESS
IPO: Paytm raises Rs 8,235 crore from anchor investors
The public offer is expected to take the company's valuation to $20 billion.
BUSINESS
Discounts continue to fizzle out on Amazon-Flipkart as e-commerce gathers steam
Out of the 70-80 percent products where discounts were available, Flipkart surprisingly turned out to be more generous than Amazon during the period under review.
