BUSINESS
Dunzo close to securing $25-$30 million in capital to steady ship
While the valuation is still undecided, key investors like Lightrock and Lightbox are participating in the round.
BUSINESS
How Bengaluru police is taking the lead in ensuring gig workers' safety
Bengaluru police have decided to come up with Standard Operating Procedures for their safety. The SOPs will cover safety training, awareness, emergency protocols, and self-defence techniques.
BUSINESS
Canada pension fund has invested over $2 billion in 9 Indian new-age companies
Apart from the new-age companies, CPPIB has also invested in legacy companies such as Kotak Mahindra Bank, ICICI Bank, Infosys and Wipro
BUSINESS
DealShare to layoff 130 employees as it decides to shut B2B unit
The B2B division, while smaller than the B2C unit, still accounted for about 20-25 percent of DealShare’s revenue.
BUSINESS
Flat revenues and cash burn unchanged: What internal documents reveal about Licious' business
While Licious’ monthly cash burn dropped in some months, it has also seen a spike in the other, remaining largely in the Rs 22-26 crore range so far in FY24.
BUSINESS
Cash-strapped Dunzo to give up office space in Bengaluru to cut costs
The move to vacate its headquarters on Wind Tunnel road in Bengaluru comes at a time when Dunzo has been struggling to manage its cash flow situation
BUSINESS
Koo needs fresh funding or strategic partnership to continue its growth: Co-founder Mayank Bidawatka
Koo, once a high-flying startup, had also roped in Naval Ravikant and Balaji Srinivasan as investors. It had even positioned itself to take on X (formerly Twitter) but now cannot scale without an M&A or fresh capital.
BUSINESS
Ecosystem, not price play: Why the made in India iPhone costs an arm and a leg in India
The tech giant’s moves to manufacture products, set up stores and partner with resellers are all part of its plan to set up an ecosystem in India. It is unlikely to lower prices and play the volume game.
BUSINESS
Apple iPhone15 will remain pricey in India but expect discount on older models
Contrary to expectations of a price drop, the prices of the Pro models have gone up. However, the price of the basic model is largely unchanged from last year.
BUSINESS
Dunzo partners with OneTap to ensure August salary payments amid challenges
Dunzo said employees can expect to receive salaries by September 14 or September 15 at the latest.
BUSINESS
Delhi G20 summit: Up to 25,000 food, grocery delivery workers to be impacted
Essential activities like postal and medical services will be allowed across the national capital, but commercial activities like e-commerce deliveries (except medicines) will be prohibited.
BUSINESS
Dunzo delays payments to employees by another few days
Dunzo had promised that current employees would receive their August salaries on September 4 but has now said it will be paying salaries in batches.
BUSINESS
The cost of comfort: E-commerce, food-tech firms look to lift bottom-lines with ‘convenience’ fees
This fee is typically 0.5-1 percent of a platform’s average order value, and helps absorb some of the logistics costs. With certain firms, this fee is non-refundable. This encourages shoppers to bundle their orders, and be more responsible with returns
BUSINESS
Dunzo further delays salary payments to October as funding talks make little progress
The startup was earlier scheduled to make payments on September 4, which was already an extension from its July 20 deadline initially.
BUSINESS
Logistics start-up Porter violates rules, Karnataka transport department books drivers
Porter is operating without obtaining a goods carriage permit and is also displaying advertisements on their vehicles without proper permission: Transport department official.
BUSINESS
E-commerce, SaaS and AI promising sectors in India: StepStone’s Newhall
The group, which writes cheques of $1 million to $150 million, funds VCs, invests directly in companies and takes part in secondary transactions when an investor wants to exit.
BUSINESS
Zepto is first Indian unicorn of 2023, raises $200 million at $1.4 billion valuation
Most of the capital from the previous round still sits in Zepto's bank but the startup has raised more money to build its balance sheet ahead of going public in the first half of 2025, co-founder Aadit Palicha has said
BUSINESS
Mamaearth in talks with Fidelity, GIC, QIA, SoftBank for $150 million pre-IPO round
Even though founders Varun and Ghazal Alagh are confident of delivering an exit to investors through their upcoming public listing, a few early investors want to offload shares before the IPO, according to a source.
BUSINESS
CaratLane employees poised to strike gold after sale to Titan; to net Rs 340-380 crore from ESOPs
Over 70 CaratLane employees will receive Rs 340-380 crore in ESOP payout as part of the deal that the startup struck with Titan.
BUSINESS
Midas Touch: Inspired by Rakesh Jhunjhunwala, Mithun Sacheti to turn investor after CaratLane sale
It took us only seven minutes to close the deal, Sacheti says. He now plans to become an investor.
BUSINESS
Flipkart co-founder Binny Bansal plans new start-up in e-commerce space
Binny Bansal is not seeking external capital and will bootstrap the venture with his own wealth
BUSINESS
Mukesh Bansal eyes $50-mn investment from Peak XV Partners, Accel for premium fashion venture
The new venture that Bansal is working on, along with Mohit Gupta, will be in the premium fashion space aimed at Gen Z, an increasingly attractive segment for e-commerce players.
BUSINESS
Lower burn, longer delivery time: What Zepto's pitch deck reveals about quick-commerce space
The deck not only sheds light on granular details about Zepto but also gives colour on the buzzy but intensely competitive quick-commerce space.
BUSINESS
Bullish on India: IPOs become attractive exit option again as tech stocks soar
The recent bull run is significant because it follows a long bearish period when public shareholders questioned the profitability of these companies. The improved financial performance of tech companies is now forcing other new entrants to focus on better financials before approaching the market.
