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NCLAT rejects INR 3.7 Cr insolvency petition against Amazon Wholesale
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea seeking to initiate insolvency proceedings against Amazon Wholesale (India). This decision comes after Multiplier...
PhonePe’s Pincode pilots 20-minute quick delivery service, challenges Zepto, Blinkit
PhonePe's Pincode has entered the quick commerce space, piloting a quick delivery service in parts of Bengaluru, Delhi NCR, Mumbai, Pune, Hyderabad, and Varanasi....
CCI approves Google’s Alphabet acquiring stake in Flipkart
The Competition Commission of India (CCI) has given the green light for Google parent company Alphabet to acquire a stake in ecommerce giant Flipkart.Flipkart...
Meesho introduces voice bot Gen AI, expects 20% cost reduction
Meesho, an e-commerce platform, has announced the launch of a multilingual Gen AI-powered voice bot to enhance its customer support on Tuesday, November 26.Meesho’s...
CEO Deepinder Goyal’s net worth surpasses INR 10,100 Cr; holds 4.18% stake in Zomato
Zomato's founder and CEO Deepinder Goyal has seen a significant boost in his net worth, driven by a sharp rally in the company's share...
Flipkart’s Ekart achieves 8x growth in three years, boosts monetization efforts
The in-house logistics arm of ecommerce giant Flipkart, Ekart has scaled its operations and recorded an impressive 8-times growth over three years. This growth can...
Zomato CEO Deepinder Goyal gives up approx. $2 million salary: More than meets the eye?
Zomato founder and CEO Deepinder Goyal has voluntarily waived his base salary of INR 3.5 Cr per annum till March 31, 2026. Goyal hasn't...
Flipkart guilty of unfair trade practice! Consumer Commission’s action
Flipkart, the ecommerce giant, has been held guilty of unfair trade practice by the District Consumer Disputes Redressal Commission in Mumbai.Flipkart’s "no return policy"...
Zomato launches INR 8,500 Cr QIP at floor price of INR 266 per share
Zomato, a leading foodtech company, has opened its INR 8,500 Cr qualified institutions placement (QIP) and set a floor price of INR 265.91 per...
Tata Group launches Neu Flash q-commerce delivery amid intensifying competition
Tata group's ecommerce venture, Neu, is piloting a quick commerce delivery service under Neu Flash, as demand for instant deliveries picks up pace in...
Swiggy ropes in Flipkart’s DoS Kanika Tiwari as Head of Monetization
Swiggy, a leading online food delivery and quick commerce platform in India, has appointed Kanika Tiwari as the Head of Monetization for its quick...
Quick commerce sees record advertising revenue surge, led by Blinkit, Zepto
The quick commerce sector in India is witnessing rapid growth, with platforms such as Blinkit, Zepto, and Swiggy's Instamart reporting remarkable surges in revenue...