Bismah Malik

E-tailers’ sales may cross USD 9 billion this festive season, says research

In the first weeks of the festive month alone, the  sales by the e-tailers are likely to touch $4.8 billion, a 30% increase in GMV YoY.

24 Sep 2021

Chennai’s Freshworks first SaaS start-up in India to list on Nasdaq

The company which had a humble beginning from a 700 sqft warehouse in Chennai shifted to California a few years later and has attracted investments and clients from worldwide.

23 Sep 2021

Amazon denies paying USD 1.2 billion as legal fees

Top sources at Amazon said that in a market like India, Amazon has huge operating revenues and hence the professional expenses have increased during the last successive years.

22 Sep 2021

Cars24 raises USD 450 million, value hits USD 1.84 billion 

It has also procured a non-banking financial company (NBFC) license and launched consumer lending business with CARS24 Financial Services and two-wheeler segment, BIKES24.

21 Sep 2021

Trade body seeks curb on Singapore e-tailer Shopee

CAIT chairman Praveen Khandelwal said that SEA Holdings, the holding company of Shopee, has significant ownership (almost 25%) by Tencent, a known Chinese investment firm.

17 Sep 2021

Zomato co-founder Gaurav Gupta resigns two months after IPO

In an email sent to staff at Zomato, Gupta - who was the head of supply - said he will be starting a new chapter after spending six years at the company.

15 Sep 2021

Freshworks to raise up to USD 912 million in US IPO

The California-headquartered firm informed the US Securities and Exchanges Commission in a filing on Monday that it is planning to issue 28.5 million shares in the price range of $28-$32.

14 Sep 2021

Chip shortage to hit festive spirit

Despite demand push, supply disruptions to make festivals a low-key affair for businesses

12 Sep 2021

Crypto bill cleared by FinMin, Cabinet nod awaited: Jayant Sinha

From Aadhaar-enabled low-cost payment systems to UPI and digital KYCs, we have built the most affordable, cutting-edge financial innovation system,” he added.

09 Sep 2021

India leads Asia’s tech sector; stock price gains 37 per cent 

Despite a pandemic that hit its economy hard, India has emerged as the leader in the technology sector across

08 Sep 2021

Byju’s loss widens by 30x at Rs 262 crore; earns six per cent from tuition fee

The sale of educational tablets, SD cards and reference books to the platform users accounted for 93% of the total revenues of Byju’s at Rs 2,235 crore.

07 Sep 2021

At Rs 157 lakh crore, loan market grows by 100% during FY17-FY21 

Although the number of active retail loans has  grown 2x  , there has been a flat growth in the average balance of the borrowers, indicating uptick in small-ticket loans.

01 Sep 2021

SaaS unicorn Freshworks all set for US listing

The California-based firm is planning to raise $100 million at a reportedly $10 billion valuation, a significant jump from its $3.4-billion valuation during the last funding round in 2019.

29 Aug 2021

Indian fintechs raise USD 1.26 billion in second quarter

The upcoming Initial Public Offerings (IPOs) including that of Paytm and Policy Bazaar is set to further boost the prospects of India’s fintech industry.

28 Aug 2021

Google ramps up security infra in India as number of users rises

The company aims to fight the emerging abuse areas, such as misinformation, fraud, threats to child safety, violent extremism, phishing attacks, and malware.

26 Aug 2021

Facebook enters loan business to tap Indian SMEs

The loans will have a pre-defined interest rate of 7-20% per annum and will be disbursed within five days.

21 Aug 2021

Mobile retailers warn of approaching CCI against Xiaomi’s ties with e-tailers

China-headquartered tech firms captured almost 28% of the smartphone market in India in Q2, 2021, as per a report by Counterpoint research.

20 Aug 2021

Amazon bets on investment business, puts funds in Smallcase

The investment is as a part of Amazon’s funding strategy in early-stage start-ups in India through its $250-mn Amazon Smbhav fund initiative.

19 Aug 2021

How alpha sellers have put Amazon, Flipkart in dock?

SC verdict for anti-trust probe by CCI gives offline retailers an edge

15 Aug 2021

Will act against miscreants: Meesho

Instances of data leaks from various platforms have cropped up, in Meesho’s case it is seemingly the resellers trying to deceive the customers.

12 Aug 2021

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