Breaking News
Zomato cracks down on fraudulent restaurants after user complaints
Zomato has delisted multiple "potentially fraudulent" restaurants from its platform after users flagged suspicious single-dish eateries. The foodtech major took swift action, investigating restaurants with...
Flipkart-backed fintech startup Super.Money launches fixed deposit offering
Super.Money, a fintech startup backed by Flipkart, has launched a new fixed deposit (FD) offering called SuperFD, expanding its product portfolio.Deposits are insured up...
Zomato leads in food delivery market with 58% share, Swiggy trails behind
Zomato continues to dominate the food delivery segment with a 58% market share in the June quarter of FY2024-25, according to a report by...
Blitz bags $6 Mn in Series A funding to boost ‘Same-Day’ delivery infrastructure
Blitz, a same-day delivery platform for omnichannel sellers, has secured $6 million (INR 51 crore) in its Series A funding round led by IvyCap...
Commerce Minister Piyush Goyal reiterates stance on FDI rules for e-commerce platforms
Minister of Commerce, Government of India, Piyush Goyal has once again targeted online marketplaces, instructing e-commerce platforms to adhere to foreign direct investment (FDI)...
Walmart reports 8% growth in International sales, credits Flipkart’s strong performance
US-based retail giant Walmart has announced an 8% year-on-year (YoY) growth in international sales to $30.3 billion in Q3 FY25, driven by Flipkart's solid...
Indic Wisdom bags $2 Mn in pre-Series A funding to expand wood-pressed oil business
Mumbai-based wood-pressed oils manufacturer Indic Wisdom has raised $2 million (approximately INR 16.88 crore) in its Pre-Series A funding round, led by Rockstud Capital...
Motilal Oswal initiates coverage on Swiggy with ‘Neutral’ rating, sees 15% upside potential
Brokerage company Motilal Oswal has initiated coverage on Swiggy with a 'neutral' rating, predicting a 15% upside potential from its current stock price. This...
Zomato expects 30% annual growth in core delivery business over next five years
Food delivery platform Zomato foresees its core delivery business to grow at an annual rate of 30% over the next five years, driven by...
10-minute food delivery startup Swish raises $2 Mn in seed funding
Just three months after its incorporation, Swish, a 10-minute food delivery startup, has secured $2 million in seed funding led by venture capital firm...
Zepto expands Cafe service to major cities after achieving INR160 Cr revenue run rate
Quick commerce company Zepto has announced the expansion of its cafe service to 120 cities, including Delhi NCR, Bengaluru, Hyderabad, Chennai, and Pune. This move...
Meesho cracks down on 2.2 Cr fraudulent transactions, files 12 cases in 12 months
E-commerce platform Meesho has taken stringent measures to combat fraudulent activities on its platform, according to its annual "Trust Assurance Report" released Monday, November...