BUSINESS
Walmart-owned Myntra to expand to Malaysia, UAE and Australia months after Singapore foray
Myntra’s chief Nandita Sinha had earlier told reporters the company sees over 30,000 customers visit its platform from Singapore each month
STARTUP
Quick-commerce scale-up hasn’t slowed Meesho; India still cares more about price than speed: CEO Vidit Aatrey
Aatrey, in an interview with Moneycontrol, said emerging markets consistently reward affordability-led ecommerce models, adding that Meesho’s momentum has strengthened even as rapid-delivery players expand across categories.
STARTUP
MC Interview | Meesho still works with a startup attitude; Not benchmarking against any other player: Cofounder and CEO Vidit Aatrey
After a decade of pivots, disciplined execution and sustained cash-flow strength, Meesho’s leadership says the company is entering public markets from a position of clarity and confidence, adding that it will continue prioritising long-term growth, affordability and customer focus over external benchmarks.
BUSINESS
VCs double down on baby care: Peak XV Partners, RTP Global lead new funding sprint for BabyMD, Ozi and Peeko
While Ozi is negotiating a $10 million round led by RTP Global, Peak XV Partners is in the advanced stages of investing $4-6 million in BabyMD, a startup that runs a chain of pediatric clinics in Bengaluru. Peeko has already begun engaging with investors, sources told Moneycontrol.
BUSINESS
Ranveer Singh’s SuperYou, Gully Labs, Moxie Beauty, others line up fresh rounds of funding as VCs stay in the consumer aisle
Each of these companies is raising between $5 million and $15 million from several marquee consumer funds including V3 Venture, Fireside Ventures, Saama Capital, Bessemer Venture Partners and others, sources told Moneycontrol.
BUSINESS
Govt may weigh action as Amazon delays dark-pattern declaration
Authorities will continue monitoring grievance channels such as the national consumer helpline. If complaints pour in, punitive action could follow.
BUSINESS
Logistics startup Ripplr to raise Rs 400 crore in fresh round from SBI, existing investors
The Bengaluru-based firm is being valued at around Rs 2,000-2,200 crore during the ongoing negotiations, sources told Moneycontrol
BUSINESS
Akshayakalpa Organic in talks to raise Rs 350 crore from Temasek’s ABC Impact, Narayana Murthy's Catamaran, others
The company's valuation is also set to jump nearly 3X from Rs 590 crore three years ago to Rs 1,500 crore now, sources told Moneycontrol.
BUSINESS
Agilitas nears Rs 450 crore fundraise deal with Nexus Venture Partners
While the commitment is in, the amount will be wired to Agilitas in two tranches of $25 million (Rs 225 crore) each, sources told Moneycontrol.
BUSINESS
Peak XV strikes gold with Groww, Pine Labs: Rs 350 crore bet delivers Rs 22,600 crore outcome
With this, Peak XV will rank among the most successful VC firms in terms of exits, as it stands to gain over $2.6 billion, with several of its portfolio companies, including Meesho and Wakefit, expected to go public in the coming years.
BUSINESS
Swiggy to move HQ from Bengaluru's Bellandur to Whitefield; cites better infra, affordable housing
The size of the office will be similar and will house 2,000 employees. Swiggy is moving its HQ from Bellandur to Whitefield after Moneycontrol reported BlackBuck CEO Rajesh Yabaji's social media post had sparked an outrage among tech companies and the government.
BUSINESS
Seven of 11 new-age listed companies continue to be loss-making in Q2FY26, but investors remain upbeat
During the July-September period, Delhivery, Swiggy, Mobikwik, Urban Company, Ixigo, BlueStone and Ola Electric, all reported losses. Some firms even saw their profit profile worsen on a YoY basis.
BUSINESS
Zepto’s meat business CEO Chandan Rungta quits, latest in a string of recent exits
Apoorv Pandey, senior vice president, strategy, and Chandresh Dedhia, VP and head of information technology at Zepto, along with other employees who have spent over three years at the startup, have also quit in recent months
BUSINESS
Sauce VC nears close of $80 million in new fund to deepen consumer play
The fundraise comes at a time when venture capital firms have been on a fundraising spree, Moneycontrol had reported earlier.
STARTUP
Swiggy’s Sriharsha Majety takes a swipe at Zepto: ‘Won’t chase volume growth with poor average order values’; Aadit Palicha responds
Zepto CEO Aadit Palicha, in an interview with Moneycontrol, hit back saying Instamart burns more cash per order than Zepto, escalating the face-off between India’s top quick commerce rivals.
STARTUP
Zepto breaches 20 lakh daily orders during Diwali; 40% higher than closest rival: CEO Aadit Palicha
Zepto clocked 2 million, 2.4 million and 2.1 million orders per day from October 18-20. Swiggy's Instamart delivered 1.4 million, 1.6 million and 1.6 million orders each day during the period, making it the the third largest player behind Blinkit and Zepto on an orders per day (OPD) basis, sources told Moneycontrol. Blinkit was the market leader with over 3 million orders.
BUSINESS
Very discontent right now: Peyush Bansal on why there won't be a book on Lenskart and him like Zomato and Deepinder Goyal yet
While he has not decided if he will publish a book, and a name for it yet, Bansal said when he begins to work on the idea, he would title it “Vision for Billion”.
BUSINESS
Consumer companies either become global brands or won't be a brand at all: Lenskart’s Peyush Bansal
Lenskart acquired Owndays in Japan and Stellio in Spain to grow its international presence. The Middle East and regions like Singapore are key to the company’s next phase of growth, says the CEO
BUSINESS
TAM doesn’t matter. I don’t track it, that is an analyst’s job, says Lenskart’s Peyush Bansal
Even if it is Rs 5,000 crore, we can give vision to 50 percent of India and that is a sizable impact to create and so our job is not changing because of that, Peyush Bansal, CEO and co-founder, Lenskart, told Moneycontrol in an interview.
BUSINESS
MC Interview: IPO not an exit event; Being a Promoter has an emotional angle: Lenskart’s Peyush Bansal
In a freewheeling chat with Moneycontrol, Peyush Bansal, CEO and co-founder of the company said it doesn't matter to him what the total addressable market (TAM) is beyond a certain point. "I don't get into this, I don’t track it. I think this is an analyst’s job."
BUSINESS
Dunzo co-founder Kabeer Biswas to leave Flipkart in less than a year since joining
Kunal Gupta, Vice President at Flipkart, will now lead Flipkart Minutes to ensure a seamless continuation of the business and operations. Gupta has been with Flipkart for over a decade.
BUSINESS
Around 300 employees impacted at Zepto amid cost efficiency drive at the quick commerce company
A total of around 1,000 Zepto employees have been impacted since the beginning of the year, sources told Moneycontrol. Zepto is also cutting back its spends on AWS and other software and the company will go "very tight" on hiring.
BUSINESS
Zepto and DMart at the same juncture, CEO Aadit Palicha in employee town hall a day after $450 million fundraise
“We have cracked proximity, but yet to crack value and DMart, the retail giant, has cracked value but not proximity,” Palicha is learnt to have said, per employees Moneycontrol spoke to.
BUSINESS
Quick services startup Snabbit relocates from Mumbai to Bengaluru’s Koramangala to tap tech talent
Snabbit is moving to Bengaluru at a time when industrialists and the state government are at loggerheads over infrastructure issues, traffic woes and other challenges that are crippling the city’s growth.
