Even as quick commerce is slowly fading in many markets and several heavily-funded startups have folded in the past two years, India is emerging as a striking outlier […]
Baron values Swiggy at $12.16B, above prior private market valuation
Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $12.16 billion, surpassing […]
India’s Flipkart readies quick-commerce play
The Indian e-commerce giant Flipkart is planning to enter the quick-commerce business, aimed at providing customers with the convenience of receiving their orders within a matter of hours […]
QIA to invest $1 billion in international and regional venture capital funds
The Qatar Investment Authority (QIA) is launching a $1 billion venture capital (VC) fund of funds for international and regional venture capital funds, the sovereign wealth fund announced […]
Uber testing prepaid-item pickup from local stores in India
Uber has quietly started testing a feature that lets gig workers pick up prepaid items from local stores and deliver them to customers in India. Called “Store Pickup,” […]
Flipkart has weighed acquiring Dunzo
Indian e-commerce giant Flipkart has had discussions in recent weeks about potentially acquiring Dunzo, the hyperlocal delivery startup backed by Reliance Retail, three sources familiar with the matter […]
Wait, wasn’t layoff season meant to be over?
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India’s Swiggy to cut another 400 jobs ahead of IPO later this year
Indian food delivery startup Swiggy is cutting about 400 jobs, or nearly 7% of its workforce, as the startup seeks to bring further improvements to its finances ahead […]
Fantuan acquires Chowbus’ food delivery business
Fantuan, a Vancouver, Canada-based Asian food delivery company, announced it acquired Chowbus’ delivery business line. Financial terms of the deal were not disclosed. Chicago-based Chowbus also started out […]
India’s top VCs face fresh obstacles as startup investment plummets
High-flying venture investors in India managing hundreds of millions of dollars are tempering expectations, making early-stage startup bets that in best-case scenarios they hope will return 3 to […]