From beaten-down valuations and a rudderless path, Zomato-owned Blinkit has raced ahead in the express delivery segment.

Dunzo's payroll team told employees in an email that their salaries will be credited on September 4 as it works on streamlining its cash flow.

Over 70 CaratLane employees will receive Rs 340-380 crore in ESOP payout as part of the deal that the startup struck with Titan.

Bengaluru-based Bitsila is currently the third largest seller side platform by transactions on the Open Network for Digital Commerce, sources said. The deal is in advanced stages and will likely...

Employees across teams like tech, finance, marketing, business development and app were let go.

It took us only seven minutes to close the deal, Sacheti says. He now plans to become an investor.

Earlier, women buyers used to be about 6-7 percent of our total base and now that is already at 15 percent, Santosh Iyer, MD and CEO of Mercedes-Benz India said

The deck not only sheds light on granular details about Zepto but also gives colour on the buzzy but intensely competitive quick-commerce space.

Zepto has become the first quick-commerce company to levy a platform fee of Rs 2. That is in addition to a late night fee. The company has also done away with free deliveries and now collects...

This comes at a time when Saleem Asaria has also stepped back from daily operations, per sources who added that Raghav Rungta has already left Lightrock. Ashish Garg left in September 2022 to join a...

For every brand that manages to list on quick commerce platforms like Blinkit, Instamart and Zepto, there are roughly eight brands that don't make the cut. Yet, it is a high stakes game that no one...

The Tiger Global-backed startup has trimmed 30% of its 260-member workforce, or about 80 employees, over the past year or so.

Noida-based Astrotalk has scaled profitably and seen strong traction from users, which explains the continued VC interest and the back-to-back funding rounds.

Niyo’s travel tech platform will essentially cover the entire spectrum around travel, where users can apply for visas and book travel experiences, concierge services, tour packages, travel insurance,...

While Dhiresh Bansal did not comment on specific numbers, Meesho’s PAT was a low single digit (Rs crore) in July, Moneycontrol has learnt.

Started less than six months back, Relish is already clocking Rs 150 crore in annual recurring revenue. The brand can be a Rs 1,000-crore business in 18-24 months, according to the company.

This is the second instance, in the last 13 months, where Udaan has sacked staffers soon after raising a new round of capital.

At least five firms that had looked to the promised funds to scale up their businesses are engaging with other investors to raise interim capital as SphitiCap awaits SEBI's approval.

For instance, an employee who was earning Rs 1 lakh a month but was paid only Rs 75,000, because of Dunzo’s decision, in June will now receive an interest of 12 percent per annum on the remaining Rs...

This will be the company’s fourth ESOP liquidation since 2018 and now values Swiggy's similar to Zomato, its BSE-listed peer, which had a market capitalisation of $8.7 billion on July 24, Moneycont...

Discount-centric strategies, favoured by some of the Tata 1mg’s rivals, are unsustainable in the long term, co-founder Gaurav Agarwal said

Under the current arrangement, most of Flipkart's employees work from the office for three days and from home for two days each week.

Other investors in Swiggy, such as US-based Baron Capital, have also adjusted the company's valuation in recent months.

In addition to the proposals for manufacturing of semiconductor units, the government has also received over 100 applications from startups for design of chips, says Rajeev Chandrasekhar.

Tapping an insurance veteran to lead a company that operates in a fierce internet battleground may seem unconventional, but those familiar with Tahilyani see it as an inspired choice.

Zomato’s users can now build carts from up to four restaurants and eventually order from the eatery of their choice. Further, after checking out one cart, users can come back and complete orders from...

The cut will primarily be in global functions. The decision is in line with GE's plans to be a leaner, smaller and more profitable division in the coming months

While Beardo's CEO Sujot Malhotra will be away on a year-long sabbatical. Head of Marketing and Head of Finance and Operations, have exited the company, sources told Moneycontrol.

Prior to the shutdown of the HSR office, DealShare was paying a monthly rent of around Rs 40 lakh. DealShare now joins a list of companies like Byju’s and Dunzo which have also given up their office...

While Paytm was improving its financial health, it remains an outlier and may continue to incur losses in the next few quarters due to the RBI strike.

The salary deferrals were understood to impact senior employees at Dunzo the most. Moneycontrol has learnt that around 60-65 percent of all workers were paid their full salaries and the remaining,...

Many founders have alleged that the monies committed by the sharks on the show never reached them, in spite of chasing them to close. Sharks say deal closure takes time and that founders often do not...

As VCs raise larger funds, their cheque sizes have also moved up. Micro VCs and family offices are chipping in to fill some of the gaps and in the process, some founders are losing out because not...

The microblogging website, touted as a desi alternative to Twitter, saw monthly active users fall to about 3.1 million in April 2023, in the third straight month of decline this year. Company says it...

The latest internal round will be a mix of primary capital and also include a secondary shares sale where Fosun, an early backer of LetsTransport, will dilute its stake, Moneycontrol has learnt

The company, which has about 50 stores in Gurugram, Jaipur, Delhi, Noida and Kolkata, is gearing up to expand its brick-and-mortar base to about 200-300 stores by the end of 2023, after setting up...

Kohli joins a growing list of senior executives who are on their way out as Flipkart CEO Kalyan Krishnamurthy pushes for better execution with an aim to turn the e-commerce giant profitable.

Undeterred by the many failures in the segment, at least two new players hope to cook up something new.

Spinny has about 6,000-6,200 employees and the sackings have hit around 5 percent of the workforce, as Truebil and Spinny Max prepare to merge and operate under the main brand