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 […]
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 […]
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 […]
Tribe Capital eyes leading $75M-plus funding in India’s Shiprocket
Tribe Capital is in talks to lead a $75 million to $100 million funding into the logistics aggregator Shiprocket, according to a person familiar with the matter, a […]
Hacker claims theft of Shadowfax users’ information
A hacker claims to be selling millions of user records relating to Indian startup Shadowfax, which offers logistics services to e-commerce and hyperlocal platforms across the country. The […]
In Mamaearth, Peak XV finds its fourth 10x return since Sequoia separation
In the oversubscribed IPO of Mamaearth, Peak XV Partners has found its fourth 10x or greater return within the six months since separating from the Sequoia family. The […]
Invesco raises Swiggy’s valuation to nearly $8 billion
Conditions appear to be shifting favorably for India’s Swiggy. The food delivery startup — backed by SoftBank, Prosus and Accel — saw its paper valuation slashed by more […]