02 Aug’22 ,TUESDAY Kotak, PhonePe, Shiprocket, Snapdeal, Sonata, Zoho Ekart, and Bizom are some of the platforms that are in advanced stages of joining the ONDC platform Banks including HDFC Bank, IDBI Bank, SBI Bank, ICICI Bank, and companies–ITC Store, Marico India, Nivea India, Delivery, and Airtel have shown interest in joining the ONDC Recently, …
ONDC Likely To Onboard 17 More Platforms To Its Network: Report Read More »
02 AUg’22 ,TUESDAY Shares of online food delivery platform Zomato on Tuesday jumped nearly 11 per cent after the company’s consolidated net loss in the first quarter of the current financial year almost halved. The stock climbed 10.67 per cent to Rs 51.80 on the BSE. At the NSE, it zoomed 10.79 per cent to …
Zomato shares jump nearly 11% as Q1 loss narrows Read More »
02 Aug’22 ,TUESDAY Asia’s most well known startups are trading 40% cheaper than six months ago in private transactions amid a rout triggered by Chinese regulatory headwinds and the global economic slowdown. The affected billion-dollar companies range from financial technology and e-commerce to mobility and consumer, according to AJ Patel, a senior member of the …
Asian unicorns are trading 40% cheaper in private markets Read More »
02 Aug’22 ,TUESDAY VOIZ will use the funds to scale up its technology, onboard more talents on the platform, and expand its market presence It helps organisations connect with grey-collar workers for various job opportunities such as customer service, telecalling, sales, data entry and virtual assistance, among others As per the NITI Aayog report, India …
02 Aug’22 ,TUESDAY Blinkit’s losses are coming down every month: Zomato CFO Akshant Goyal Zomato expects Blinkit’s order numbers to rise to 83 Lakhs by July 2022-end Zomato founder Deppinder Goyal also addressed concerns surrounding the acquisition and stated that the company went through detailed due diligence Zomato’s acquisition of quick commerce startup Blinkit has …
Blinkit Estimates July Loss At INR 92.9 Cr; Revenue At INR 74.9 Cr Read More »
30 jul’22 ,SATURDAY CarTrade had reported a loss of INR 46.12 Cr in Q1 FY22 and INR 21.39 Cr in the fourth quarter of FY22 The auto platform’s total income grew 47% YoY to INR 92.77 Cr during June quarter CarTrade averaged 31 Mn monthly unique visitors during the quarter, while the number of auction …
CarTrade In The Black, Reports Profit Of INR 3.31 Cr In Q1 Read More »
30 jul’22 ,SATURDAY ED alleged that Vivo India laundered money to destabilise India’s financial system, calling the alleged laundering an act of ‘financial terrorism’ Vivo India said that the remittances have a ‘legitimate basis’ and were not done to avoid paying taxes in India Vivo India called the account freezing “illegal, without jurisdiction and bad …
Vivo India Denies ED’s Charges Of Money Laundering, Financial Terrorism Read More »
29 jul’22 ,FRIDAY We saw June quarter revenue records in both developed and emerging markets with a near doubling of revenue in India: Tim Cook Apple’s visibly growing market penetration in India comes on the back of its decision to start the production of its latest phone series in India Helped by strong revenue growth …
Apple’s Revenue Almost Doubles In India In June Quarter Read More »
29 jul’22 ,FRIDAY GMO Venture Partners, DG Daiwa Ventures, Blume Ventures, Arkam Ventures and Mirae Asset, among others participated in the fundraising round Jai Kisan will use the funds to expand its product suite, hire talent and also boost data science and engineering capabilities With the current fundraising, Jai Kisan has secured $85.4 Mn in …
Rural Fintech Jai Kisan Bags $50 Mn To Offer More Financing Solutions To Indian Farmers Read More »
29 jul’22 ,FRIDAY Furniture retailer Pepperfry has begun to overhaul its business structure as it plans to debut on India’s stock exchanges. To start with, the founders Ambareesh Murty and Ashish Shah have redomiciled Pepperfry from Cayman Islands to Mumbai. They had registered Pepperfry in Cayman Islands as the earlier plan was to establish a …
Furniture etailer Pepperfry rejigs structure, aims to raise $300 million from IPO Read More »