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Zomato gets shareholders approval to secure INR 8,500 Cr via QIP
Food delivery platform Zomato's shareholders have approved the company's plan to raise INR 8,500 crore via a qualified institutional placement (QIP).Zomato receives nod from...
Amazon India to launch quick commerce delivery service ‘Tez’
Amazon India is gearing up to launch its quick commerce delivery service, code-named Tez, by late December or early next year.Amazon eyes global debut...
Edible Oil manufacturer BN Group announces $1 Bn investment for African expansion
BN Group, an edible oil manufacturing company, is planning to invest approximately $1 billion over the next 5 years to expand its presence in...
Bikaji Foods International extends funding period to three months for US subsidiary
Bikaji Foods International Limited has extended its investment timeline for its US-based subsidiary, Bikaji Foods International USA Corp.Bikaji investment involves 50,000 stocks The company will...
Swiggy enters sports, acquires Mumbai team in upcoming World Pickleball League
Swiggy Ltd, an online food delivery company, has acquired ownership of the Mumbai team in the World Pickleball League (WPBL).WPBL takes place in January...
Reid & Taylor launches e-commerce site, targets additional sales on Myntra
Reid & Taylor Apparel, a men's ready-to-wear fashion brand, has launched its e-commerce website, reidandtaylor.in. The website allows customers to shop for a variety...
Flipkart co-founder Binny Bansal leaves PhonePe, complete exit from Walmart ecosystem
Flipkart co-founder Binny Bansal has resigned from the board of directors of PhonePe, a digital payments company. Binny Bansal holds 1% stake in PhonePeThis move...
FM Nirmala Sitharaman: quick commerce to enhance India’s innovative image globally
Finance Minister Nirmala Sitharaman believes that the success of quick commerce startups can boost India's global reputation as a hub for innovative solutions. She...
Zomato enters into BSE’s flagship index, joins ranks of Reliance, Infosys
The Bombay Stock Exchange (BSE) has announced that it will add Zomato, the foodtech major, to its flagship BSE Sensex index, replacing JSW Steel,...
Zepto CEO claims quick commerce will create more jobs than Railways
Zepto CEO Aadit Palicha has made a bold claim that the quick commerce segment is poised to generate more jobs than what Indian Railways...
Myntra rolls out 30-Minute to 2-Hour Delivery amid quick commerce competition
Myntra, the fashion e-commerce platform, has launched a new 30-minute to 2-hour delivery feature called "M-Now" in select areas of Bengaluru. This move is part...
Flipkart appoints Walmart executive Dan Bartlett to Its Board of Directors
E-commerce major Flipkart has appointed Dan Bartlett, a senior executive at Walmart Inc, to its board of directors. Bartlett, who is currently the executive...
