In a world dominated by food delivery giants like Zomato and Swiggy, WAAYU, a Pune-based startup, is shaking up the industry with a revolutionary idea: zero commission for restaurants. Backed by the Open Network for Digital Commerce (ONDC), WAAYU empowers restaurants to retain their hard-earned profits while offering customers quality, convenience, and variety. WAAYU’s Revolutionary … Read more
Zomato, India’s leading food delivery platform, announced the successful completion of its ₹8,500 crore fundraising through a Qualified Institutions Placement (QIP) of equity shares. This capital-raising initiative, which received shareholder approval last week, underscores Zomato’s strategic focus on strengthening its financial position and expanding its operations, particularly in the quick commerce sector through Blinkit. QIP … Read more
D2C mom and baby care brand, All Things Baby, has successfully raised ₹30 crore in its Series A funding round. The investment was led by Inoventures and family office director Richa Choksi, marking a significant milestone in the brand’s growth journey. Expanding Product Lines and Premium Offerings Co-founder Tejal Bajla highlighted that the newly raised … Read more
In a significant leadership shift, Flipkart co-founder Binny Bansal has stepped down from the PhonePe board, according to recent media reports. Following Bansal’s resignation, Manish Sabharwal, Vice-Chairman of TeamLease Services, has been appointed as an Independent Director and Chair of the company’s Audit Committee. Strengthening Financial Governance and Strategic Oversight Manish Sabharwal’s appointment is set … Read more
Flipkart Group has announced the appointment of Dan Bartlett, Executive Vice President of Corporate Affairs at Walmart Inc., to its board of directors. This strategic addition follows the recent appointment of Lydia Jett, former SoftBank Managing Partner, further strengthening Flipkart’s leadership team. Dan Bartlett’s Extensive Expertise As Walmart’s corporate affairs leader, Bartlett brings a wealth … Read more
Quick commerce leader Zepto has raised $350 million in its latest funding round, pushing its valuation to an impressive $5 billion, according to recent media reports. This funding, led by Motilal Oswal’s Private Wealth division, marks a strategic effort to attract domestic investors as the company prepares for its highly anticipated initial public offering (IPO). … Read more
Moglix, a leading B2B commerce platform, has announced the strategic acquisition of Khatema Fibres, a pioneer in eco-friendly paper products, for ₹80 crore. This move marks a significant milestone in Moglix’s mission to lead in industrial procurement and sustainable packaging, aligning with India’s vision of a Viksit Bharat by 2047. Strengthening Moglix’s Market Position This … Read more
Blitz, a leading quick commerce (q-com) logistics enabler, has raised ₹51 crore in a Series A funding round led by IvyCap Ventures. The round also saw participation from India Quotient, Alteria Capital, and renowned angel investors, including: Ramesh Bafna (Zepto) Siddharth Jain (Snitch) Vinit Gautam (Bestseller CEO) Amitabh Suri (CEO, Arvind Fashion) This funding will … Read more
The Good Glamm Group has successfully completed the full acquisition of The Moms Co., following the company’s recent announcements of its Sirona transaction and increased shareholdings in its portfolio brands, Organic Harvest and Winkl. Back in October 2021, the Good Glamm Group acquired a majority stake in The Moms Co. through a combination of cash … Read more
Swiggy, one of India’s leading food delivery and quick commerce platforms, has made strategic moves to strengthen its leadership team, appointing two senior executives to oversee its core operations in food delivery and quick commerce. These appointments come ahead of Swiggy’s highly anticipated stock market debut on November 13, 2024 and are aimed at optimizing … Read more
Ecom Express Limited, a technology-driven end-to-end logistics solutions provider, announces the appointment of two senior executives to bolster its leadership team. Mr. Jitendar Kumar joins the Ecom Express team as the Chief Business Officer, while Mr. Abhinav Imandi takes on the role of Senior Vice President – Operations, Process Excellence, and Alternate Channels. Speaking on … Read more
Ecom Express Limited, a technology-driven end-to-end logistics solutions provider, has announced the appointment of Pallavi Tyagi as its Chief Marketing Officer. Over the past several months, Ecom Express has been actively expanding its leadership team to include diverse industry experts and veterans in various key areas such as product development, growth, financial controls, and operations. … Read more
Shiprocket, India’s leading platform for making e-commerce easier, has joined hands with Skye Air, a top Indian company that uses software to control drones. This special collaboration is set to change the way e-commerce works and introduce a new and exciting way to deliver packages using drones. This is the first time something like this … Read more
Unicommerce, India’s leading e-commerce enablement SaaS platform today launched the third edition of its annual trends report, the ‘India E-commerce Index’ 2023. Indicating a maturing e-commerce landscape across the country, India’s e-commerce industry has recorded an impressive 26.2% YoY order volume growth in FY-2023 supported by a 23.5% rise in annual GMV (Gross Merchandise Volume) … Read more
Indian e-commerce startup Meesho has posted its first-ever profit, a major milestone for the company as it plans to go public in the next 12-18 months. Meesho, which competes with Amazon and Walmart’s Flipkart in India’s fast-growing e-commerce market, targets smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued … Read more
Pune-based e-commerce logistics company, Xpressbees, may get $100 million as an investment by Canada’s Ontario Teachers’ Pension Plan Board, one of the largest pension plans in the world, said a recent report by Economic Times. Citing people privy to the matter, the ET report further said that Ontario Teachers’ Pension board may buy a stake … Read more
