Thursday, June 13, 2024
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The move is likely to help Swiggy lower its cash burn, which is a lot more than what Zomato was burning

This move is expected to provide competition to Google, which currently dominates the Indian app store market with over 97 per cent market share

With a valuation of $6.5 billion, Cred aims to compete with major UPI players like PhonePe and Google Pay, while navigating challenges such as losses and increasing its revenue

The investment will help Kanjiravelil Traders Private Limited expand its operations, increase its market share and invest in machinery to produce high-quality nutmeg for the domestic and international markets

The app will be launched initially in Bangalore in 150 pin codes for grocery and food, with plans to expand to other cities by the end of the year. The move comes as PhonePe aims to grow its ONDC-based shopping and account aggregators, and tap into the...

The company is in preliminary discussions with sovereign wealth funds and energy transition funds

The investment is expected to help Lenskart expand its reach and market share, both in India and abroad

The integration comes after the National Restaurant Association of India (NRAI) urged its members to log out of the Dineout app, citing deep-discounting issues