Swiggy Ends Grocery Marketplace Experiment As Focus Turns To Dark Stores

India, Jan. 20 -- Bengaluru-headquartered foodtech unicorn Swiggy has reportedly shut down its online grocery marketplace and plans to replace it with 'Instamart', an instant delivery service for groc... Read More

Dunzo Bags Series E From Google, Lightbox To Capitalise On Hyperlocal Demand Surge

India, Jan. 20 -- Bengaluru-based hyperlocal delivery startup Dunzo has raised $40 Mn in its ongoing Series E funding round from new and existing investors including Google, Lightbox, Evolvence, Hana ... Read More

BharatPe Bags $7 Mn From Trifecta To Expand Its Loan Book

India, Jan. 20 -- Delhi-based merchant-focused payments platform BharatPe has raised INR 50 Cr ($7 Mn) in from Trifecta Capital, as a part of its plan to raise $700 Mn of debt in the next two years. ... Read More

IndiaMART Records INR 233 Cr Profit In FY21 So Far; On Track To Double FY20 Tally

India, Jan. 20 -- Publicly-listed online B2B marketplace IndiaMART recorded total revenue of INR 565 Cr for the first nine months, from April to December-end, of the current fiscal year FY2021, accord... Read More

CFOs In Tech: Moglix's Rahul Goel On The Challenges And Success Factors Of New-Age CFOs

India, Jan. 20 -- The last decade has truly been the golden era for digital transformation. From using web services for chatting and communication to solving major hurdles, businesses have embraced te... Read More

Fireside Ventures Closes Fund II At $118 Mn; Sees Partial Exit From boAt

India, Jan. 20 -- Bengaluru-based venture capital firm Fireside Ventures that invests in consumer brands has announced the final close of its Fund II at INR 863 Cr ($118 Mn). The company had targetted... Read More

Flipkart To Scrap FarmerMart As Food Retail Business Proves Unfit For Ecommerce Integration

India, Jan. 20 -- Walmart-owned Flipkart is likely to scrap its plans to launch a food retail business FarmerMart as it will be difficult to drive traffic to the platform or bring in synergies with th... Read More

Netflix Subscriber Base Swells To Over 200 Mn But Disney+ Is Hot On Its Heels

India, Jan. 20 -- Streaming giant Netflix has added over 8.5 Mn subscribers in the past quarter ended December, to take its tally of subscribers to 203 Mn, the company's quarterly earning update showe... Read More

HRtech Startup Darwinbox Raises $15 Mn From Salesforce Ventures To Expand Globally

India, Jan. 19 -- HRtech startup Darwinbox has raised $15 Mn funding led by Salesforce Ventures, the investment arm of global SaaS giant Salesforce, to expand its global footprint and accelerate entry... Read More

WhatsApp Doubles Transactions In December; PhonePe Takes UPI Market Lead

India, Jan. 19 -- Despite launching in November 2020, Facebook-owned WhatsApp Payments (WhatsApp Pay) has managed to double its UPI transactions volume in December 2020, even as PhonePe and Google Pay... Read More