Dunzo, the prominent on-demand grocery delivery service in India, is making headlines not just for its convenient deliveries but also for its recent salary controversy. As the company grapples with delayed salaries and vendor dues, it’s reportedly in the advanced stages of securing a substantial funding round, aiming to raise between $80 million to $100…
Pine Labs, a leading omnichannel platform for merchant commerce, has recently announced the appointment of Navnit Nakra as its new Chief Revenue Officer. With a wealth of experience in the tech and banking sectors, Nakra is poised to play a crucial role in formulating growth strategies, maximizing revenue streams, and driving innovation within the payments…
In the world of investments, notable names often make headlines, and this time, it’s Nikhil Kamath, the co-founder of Zerodha, stepping into the spotlight. He is gearing up to become an investor in Ather Energy, an electric vehicle startup that’s been making waves. But what’s the story behind this move? Kamath’s investment journey has been…
In a significant turn of events, Indian e-commerce startup Meesho has achieved a long-awaited milestone – its first-ever profit. This achievement has not only positioned Meesho as a formidable player in India’s competitive e-commerce landscape but has also ignited talks of a potential Initial Public Offering (IPO) within the next 12 to 18 months. Let’s…
Apple’s recent Wonderlust Event on September 12, 2023, was a tech enthusiast’s dream come true. The event featured the grand unveiling of the highly anticipated iPhone 15 Series and a fresh lineup of smartwatches. Let’s delve into the world of iPhones and see which one suits your needs. iPhone 15 Series: A Glimpse of the…
In the ever-evolving world of food delivery and e-commerce, strategic acquisitions can be game-changers. Recently, JustMyRoots, an emerging player in the intercity food delivery sector, made a significant move by acquiring The State Plate (TSP), a well-established name in the non-perishable packaged food market. This acquisition is poised to have a substantial impact on the…
Lula, often dubbed the “Stripe for insurance,” has recently secured a substantial $35.5 million in Series B funding, driven by a surge in customer demand. Initially focused on providing an insurance API to simplify the insurance infrastructure for businesses, Lula has evolved into a comprehensive insurance solutions provider. Its innovative tools encompass risk management, claims…
Bob van Dijk, the CEO of Naspers and Prosus, has resigned from his position, effective immediately. Ervin Tu, the Group Chief Investment Officer at Prosus, has been appointed as the interim CEO of both companies. Van Dijk’s departure comes at a time when the tech industry is facing a number of challenges, including rising inflation,…
A Closer Look: MrMed getting this money shows that people are starting to put more money into online pharmacies in India. What makes MrMed special is that they focus on special medicines, which helps them stand out. MrMed wants to get bigger, and this money will help them do that. Important Info: What It Is…
In the dynamic realm of online education, Unacademy has made a significant stride by acquiring Relevel for a whopping $50 million. This strategic acquisition speaks volumes about Unacademy’s commitment to providing comprehensive educational solutions and solidifying its position as a prominent player in the industry. The merger with Relevel, a startup specializing in assessment and…