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...

The government has asked for data that proves that the median delivery time is 10 minutes as companies claim in their ads, or if it’s even higher. However, there is a buffer of four minutes.

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...

While they preach backing visionary founders, when it comes to their own star players — the Managing Partners — it’s apparently a different story for many VC firms. Many of the departures, conseque...

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.

Unlike rivals, Flipkart will not open new dark stores for its quick commerce ambitions. It will instead partner with kirana stores to create its network, sources have told Moneycontrol

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.

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.

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.

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

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...

Consolidation in the D2C space is not new. Companies that are unable to scale eventually get sold to larger players and these transactions typically happen at a steep discount

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

For IPO-bound Swiggy, currently on a clean up spree and consolidating several divisions into one, reviving an old offering is a rare move.

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

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...

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.

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.

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

The resignations come after President and COO Bhavesh Gupta, a close confidante of founder Vijay Shekhar Sharma, resigned from his position last week and transitioned to an advisory role.

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...

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,...

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.

So far, Titan Capital has only invested Snapdeal founders Kunal Bahl and Rohit Bansal's personal money through its existing Seed fund.

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...

Barua’s comments come at a time when RCB’s chances of making it to the quarter finals hang by a thread, after a disappointing start to the season.

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...