Zepto Becomes First Indian Unicorn in Nearly a Year, Raises $200 Million in Funding

Zepto Becomes First Indian Unicorn in Nearly a Year, Raises $200 Million in Funding

Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year. Zepto said it…

EV Battery Swapping Firm Gogoro Announces Electric Scooter Partnership With Swiggy for Last-Mile Delivery

EV Battery Swapping Firm Gogoro Announces Electric Scooter Partnership With Swiggy for Last-Mile Delivery

Electric vehicle battery-swapping solutions provider Gogoro on Thursday announced a partnership with Swiggy to promote its electric Smartscooters to last-mile delivery partners of the on-demand convenience delivery platform across India. Gogoro and Swiggy will provide a seamless path for riders to adopt sustainable electric transportation and improve their business efficiency,…

Yulu Plans to Expand Operations in India and Abroad, Expects to Turn Profitable

Yulu Plans to Expand Operations in India and Abroad, Expects to Turn Profitable

E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata…

Government Asks E-Commerce Firms to Create Framework Against Dark Patterns: Consumer Affairs Secretary

Government Asks E-Commerce Firms to Create Framework Against Dark Patterns: Consumer Affairs Secretary

The government has taken a serious note of ‘dark patterns’ and asked e-commerce firms to create a self-regulatory framework to stop such practices, Consumer Affairs Secretary Rohit Singh on Tuesday said. The e-commerce sector has the largest contribution to dark patterns, and the framework will be created in the next…

Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025

Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025

Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore) in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The funding round marks Gogoro’s latest effort to…

Amazon Food Delivery Business to Discontinue From December 29: Report

Amazon Food Delivery Business to Discontinue From December 29: Report

Amazon, one of the biggest e-commerce websites in India, is reportedly shutting down its food delivery business in December in the country. While Amazon’s food delivery business has not been as successful as Swiggy or Zomato, the announcement comes as a surprise has the company has recently decided to put…

NRAI Says Zomato Pay, Swiggy Diner Discount Offers Against Restaurant Owners’ Interest : Report

NRAI Says Zomato Pay, Swiggy Diner Discount Offers Against Restaurant Owners’ Interest : Report

The National Restaurant Association of India (NRAI) has reportedly written to its members in the country alleging that online food delivery services Zomato and Swiggy have been making money through their discount programmes, at the expense of restaurants. According to a report, the advisory by the NRAI refers to Zomato…

Domino’s India Said to Consider Shifting Business Away From Zomato, Swiggy Over Rising Commissions

Domino’s India Said to Consider Shifting Business Away From Zomato, Swiggy Over Rising Commissions

Domino’s Pizza India franchise will consider taking some of its business away from popular food delivery apps, Zomato and SoftBank-backed Swiggy, if their commissions rise further, according to a letter seen by Reuters. The disclosure was made by Jubilant FoodWorks, which runs the Domino’s and Dunkin’ Donuts chain in India,…