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Amazon, Flipkart Sidelined As Reliance, CAIT Grab Seats On Govt Ecommerce Panel
The Department for Promotion of Industry and Internal Trade (DPIIT) has constituted a nine-member panel, tasked to design an open network for digital commerce (ONDC) to curb monopolistic tendencies of...
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Iron Pillar Raises $10 Mn From Allana Group For Second Growth Stage Fund
Growth stage investor Iron Pillar has announced receiving an investment of $10 Mn from food and meat export giant Allana Group in its Fund II, which was launched in the April-June quarter of the...
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Shiprocket Eyes Middle East Market With $41.3 Mn Funding From PayPal...
Logistics tech startup Shiprocket has raised $41.3 Mn in its latest funding round, which has seen investments by PayPal Ventures and the company’s existing investor Bertelsmann India Investments....
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The Indian D2C Brands Tracker: 100+ D2C Brands Database With Investors,...
The critical importance of the supply chain across industry sectors and businesses had been underlined when the Covid-19 pandemic hit India and the rest of the world. The unexpected turn of events...
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ICICI Bank Users Can No Longer Use Foreign Remittance Route To Invest In...
After shutting most of the banking services for crypto exchanges, ICICI Bank has now asked its customers not to use the RBI’s liberalised remittance scheme (LRS) for crypto-related investments. As part...
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WhatsApp Tells Delhi HC It Won’t Limit Functionalities For Users Who Don’t...
Facebook-owned WhatsApp told the Delhi High Court on Friday (July 9) that it would not limit functionalities for users who do not consent to its latest privacy policy. The messaging platform has said...
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PharmEasy In Talks With SoftBank To Raise Funds At $5.6 Bn Valuation
API Holdings-owned Pharmeasy is in talks with SoftBank for a fund infusion of $150 Mn – $200 Mn at a valuation of $5.6 Bn, according to a report by financial daily ET. The healthtech unicorn is also...
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Funding Galore: From Pine Labs To Ola – Over $1.5 Bn Raised By Indian...
As the second wave of the Covid-19 pandemic eases up, India’s tech startups are raising funds at an unprecedented pace. The end of June also marked the end of the first half of the calendar year (CY)...
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Lifestyle Social Commerce Platform Trell Raises $45 Mn In Series B Funding
Bengaluru-based lifestyle social commerce platform Trell has raised $45 Mn in a Series B round of funding led by financial group Mirae Asset, H&M Group and co-led by LB Investments. Existing...
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Flipkart Valued At $37.6 Bn After Mammoth $3.6 Bn Round; SoftBank Returns As...
After weeks of speculation about a new funding round, Walmart-owned ecommerce giant Flipkart has raised $3.6 Bn from a slew of investors, including the parent company. Besides Walmart, Singapore-based...
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SoftBank’s Bet On Swiggy Gets CCI Nod As Indian Food Delivery Race Heats Up
The Competition Commission of India has approved the investment by Japanese conglomerate SoftBank in food delivery giant Swiggy, as the company’s rival Zomato prepares for a high-profile initial public...
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RBI Bars Mastercard From Acquiring New Customers For Violating Data...
Citing non-compliance with the storage of payments data, the Reserve Bank of India (RBI) has restricted Mastercard from acquiring new domestic customers onto its card network from July 22, 2021....
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Decoding Paytm’s Cap Table: Who Owns How Much Of IPO-Bound One97 Communications
All the major shareholders of Paytm, including founder and CEO Vijay Shekhar Sharma, Ant Financial, Alibaba, Berkshire Hathaway, Elevation Capital (through the earlier funds of its erstwhile avatar of...
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Unlisted Paytm Shares Trading At Over 100% Premium To Average ESOP Share Price
Paytm’s draft IPO prospectus revealed that the weighted average share price of ESOPs during the year ended March 31, 2021 was INR 10,706.93 per share — whereas its unlisted shares in the grey market...
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Paytm DRHP: Key Takeaways From The Fintech Giant’s IPO Roadmap
One97 Communications, the parent company of popular digital payment platform Paytm on Friday (July 16) has filed its red herring draft prospectus (DRHP) as it gears up to go public. Paytm is going to...
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Funding Galore: Flipkart To OYO – Over $5.5 Bn Raised By Indian Startups This...
After raising over $1.5 Bn last week, the late stage startups in India have had another massive week when it comes to funding. From Flipkart to OYO, along with funding for Zomato, Ola and Delhivery....
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How Reliance’s Jio Platforms Fared Amid Covid Second Wave
Mukesh Ambani-led Jio Platforms, saw its revenue from operations grow 9.8% year on year to INR 18,952 Cr in the first quarter of FY22, whereas net profit grew 45% to INR 3,651 Cr in the same period....
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Funding Galore: From Swiggy To Lenskart — Over $2 Bn Raised By Indian...
In yet another mega week for Indian startups in terms of funding, over $2 Bn was raised between July 19 and July 24, 2021, with Swiggy, Lenskart, GlobalBees, Spinny topping the charts. Besides the mega...
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Indian Startups Raised A Record $20.5 Bn In 2021 So Far
Over the past few weeks, it’s become clear that Indian startups are in the midst of a funding deluge in 2021. More than $10.8 Bn in funding was raised by Indian startups in the first six months of 2021...
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Amazon-Backed MyGlamm Closes Series C Funding Round At $71 Mn
Direct-to-consumer (D2C) beauty brand MyGlamm has closed its Series C funding round at INR 530 Cr ($71 Mn), with investments from Accel and existing investors. The Accel investment is part of INR 355...
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