Direct Banks To Withdraw Cashback Offers On Ecommerce Platforms: CAIT To RBI
CAIT secretary general emeritus Praveen Khandelwal has urged the RBI to issue directions to banks to withdraw cashback offers on ecommerce platforms.
Piyush Goyal Calls For A New Startup City To Bolster India’s Startup Ecosystem
Piyush Goyal called for building a startup city or a township dedicated to entrepreneurs to further bolster India's startup ecosystem.
Piyush Goyal Launches BHASKAR, Calls For A Non-Profit Company To House Startup India
BHASKAR will act as a platform designed to facilitate collaboration between key stakeholders in the Indian startup ecosystem
Mixed Day For New-Age Tech Stocks Amid Rally In Broader Market, DroneAcharya Biggest Gainer
Twelve out of the 28 new-age tech stocks under Inc42’s coverage gained in a range of 0.33% to just under 10% on September 16.
RMG Platform Zupee Joins Hands With ONDC To Fuel Growth Of Its Online Gaming Users
RMG platform Zupee has partnered with the government-backed ONDC to bolster the reach of its skill-based games to a larger audience
Myntra Testing 4-Hour Deliveries In 4 Cities Amid Quick Commerce Boom
Amid the increasing popularity of quick commerce, fashion ecommerce giant Myntra is reportedly testing a four-hour delivery service in four Indian cities, including Bengaluru and New Delhi.
As Quick Commerce Race Swells, Zepto Pushes For AOV Boost With New Service On Bulk Orders
This move aims to help Zepto catch up with Blinkit, which leads the quick commerce segment with an AOV of INR 625 for the quarter ending June
Astrotalk Seeks Role To Spearhead Marketing Of Its New Spiritual Ecommerce Venture
Astrotalk seeks CMO to lead marketing for new spiritual e-commerce venture, targeting INR 100 Cr revenue in months
Zomato Bans Use Of AI Generated Images By Restaurant Partners
Listed foodtech major Zomato has banned the use of AI-generated images on its restaurant partners’ menus and marketing materials in an effort to prevent misleading advertisements.
Delhivery Partners Teamglobal To Ace Ocean Freight Offerings
Delhivery has partnered with Teamglobal Logistics to offer ocean freight services, focused on both inbound and outbound logistics
ideaForge Allots Additional Equity Shares Under ESOP 2018
Drone manufacturing startup ideaForge has approved the allotment of equity shares for the exercise of vested options under its ESOP 2018.
With IPO On The Platter, Swiggy Likely To File Draft Papers This Week
Swiggy is likely to raise more than $1 Bn from its IPO. This comes after it filed for an IPO via a confidential pre-filing route in April
Drone Push: JM Financial Initiates Coverage On ideaForge With ‘Buy’ Rating, Sees 21% Upside
JM Financials has also set a price target of INR 845 on ideaForge, which implies an upside of 21% to its previous close
In Growth Push, Bizongo Bolsters Its Raw Material & Supply Chain Finance Verticals’ Leadership With New CEOs
Bizongo is bolstering the top deck of its raw material marketplace BizongoBuy, supply chain finance platform BizongoFin
Amid Tax Tangles, Govt Mulls Panel To Ensure Compliance By Online Gaming Entities
The Directorate General of Goods and Services Tax Intelligence (DGGI) has reportedly proposed setting up an inter departmental committee with representatives from Enforcement Directorate, Reserve Bank
BYJU’S Saga: US Lenders Counter Debt Claim, Say The Edtech Must Repay Full $1.2 Bn Loan With Interest
US-based creditors of BYJU’S have said that the edtech firm is "obligated" to repay the entire $1.2 Bn term loan B, along with interest.
Flush With Fresh Funds, Rapido Seeks To Ride The Quick Commerce Wave
Bengaluru-based Rapido has kicked off discussions with Zepto, along with grocers like Pincode and KPN to ace the quick commerce vertical
With IPO On The Card, Infra.Market Plans Fresh Funding Of Up To $200 Mn At Higher Valuation
B2B ecommerce platform Infra.Market is now reportedly considering to scoop up a fresh funding of $150-200 Mn (about INR 1,250-1,680 Cr)
Centre Looking To Tap Quick Commerce Data To Fathom Out Consumption Patterns & Economic Activity
This initiative is part of a broader effort by the government to revise the base year for national accounts and update various official statistics
New-Age Tech Stocks See A Mixed Week Despite Rally In Broader Market, Zaggle Biggest Gainer
Fifteen of the 28 new-age tech stocks under Inc42’s coverage gained in a range of 0.54% to just under 23% this week
DGGI Detected Tax Evasion Of INR 81,875 Cr In Indian Online Gaming Space In FY24
DGGI detected tax evasion to the tune of INR 81,875 Cr in the Indian online gaming sector in the fiscal year 2023-24 (FY24).
From InMobi To Centricity – Indian Startups Raised $227 Mn This Week
Indian Startup Funding: This week, Indian startup funding stood at $227.1 Mn via 22 deals, 34% lower from last week
After Bengaluru, Flipkart’s ‘Minutes’ Ventures Into Delhi’s Quick Commerce Turf
Walmart-owned Flipkart’s quick commerce service ‘Minutes’ has now been rolled out for Delhi users after Bengaluru.
Northern Arc Bags INR 229 Cr From Anchor Investors Ahead Of IPO
Non-banking lender Northern Arc Capital has secured INR 229 Cr (around $27.4 Mn) from marquee anchor investors ahead of IPO