Key Points
Word for word: Over the past few months, we have made several investments to enhance our delivery capabilities, including adding same-day delivery in 20 cities We are committed to meeting evolving customer expectations and delivering excellence with more initiatives expected on this front in the coming months, a Flipkart spokesperson said when asked about the venture...
Quick-commerce expansion: Paul Hudson, founder of investment firm Glade Brook Capital, believes the Indian quick-commerce sector might see expansion into a much wider array of stock-keeping units (SKUs), placing it closer to ecommerce in the future...
Indigo cofounder Rakesh Gangwal invests $20 million in Zetwerk: Contract manufacturing startup Zetwerk has raised $20 million (about Rs 166 crore) in fresh investments from venture debt and private equity firm Wheelhouse Venture Capital..
Foxtale raises $14 million: Direct-to-consumer (D2C) skincare firm Foxtale Consumer has raised about $14 million (Rs 120 crore) in fresh equity funding led by Singapore-based Panthera Growth Partners, according to regulatory filings made by the startup with the Registrar of Companies...
Allegations levelled: In a letter addressed to RBI governor Shaktikanta Das, Grover said the Peak XV-backed firm has deliberately defrauded the regulator by bringing back Bhavik Koladiya, who was convicted of wire fraud in the US, to the companys cap table, after securing a bunch of licences...
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