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Self-drive car rental platform Zoomcar has raised $30 million in its ongoing Series D round led by Sony Innovation Fund, and other existing investors, it said on Monday. The Bengaluru-based mobility startup plans to raise another $70 million in the ongoing round. The Sony Innovation Fund was set up by Japanese technology giant Sony...
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Food delivery platform Swiggy on Tuesday admitted that food rates on its platform may be higher than those being offered by restaurants in certain cases. Reacting to a tweet from a Bengaluru man who claimed that prices of food items in Zomato or Swiggy menu are 25-50 percent more than the actual price of...
With the aim of supporting India’s digital payments as well as to boost the infrastructure of the cash-driven economy, PhonePe has launched a Unified Payments Interface-based (UPI) PhonePe ATM service. PhonePe users can send money to merchants using the app to get cash equivalent to the amount. The company claims that around 75K merchants...
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Online food delivery unicorn Zomato on Tuesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company's food delivery business being directed to Zomato starting today. In a blog post on Wednesday, Zomato said the deal gives Uber a 9.99% ownership in Zomato....
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Hospitality unicorn OYO has been making headlines recently for major layoffs, the company’s CEO for Indian and South Asian Businesses Rohit Kapoor has decided to address the situation in public. Kapoor, in an interview with ET, dismissed any claims of SoftBank’s involvement behind these layoffs. Meanwhile, CEO Kapoor also noted that as a stakeholder...
After making Xiaomi as one of the most popular smartphone brands in India’s offline market, Manu Kumar Jain, Xiaomi India’s managing director, is now going to play a decisive role in helping the company to foray in newer markets and product segments. According to ET, Xiaomi’s chief operating officer Muralikrishnan B will step in...
Reliance Jio Infocomm Ltd is now the number one telecom operator in India by both subscriber base as well as revenue market share, achieving the feat in just more than three years of starting operations. The company led by billionaire Mukesh Ambani added 5.6 million mobile subscribers in November, taking its total user base...
Latest startup news - Jeff Bezos in India
At a conference in New Delhi on Wednesday, Bezos and Amit Agarwal, the head of Amazon India, announced that the American giant is pumping $1 billion into India operations to help small and medium-sized businesses in the country come online. This is in addition to about $5.5 billion the company has previously invested in the country.
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Hospitality firm Oyo is planning to let go over 1,000 people in India as part of its restructuring and reorganisation of teams across businesses and functions to trim redundancy. In an internal mail to the employees of Oyo in India and South Asia, the company's founder and Group CEO Ritesh Agarwal said that asking...
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Ahead of Amazon founder and CEO Jeff Bezos’ visit to India next week, thousands of small-scale traders union and associations are planning to organise protests across the country. Traders’ body Confederation of All India Traders (CAIT) said that it will protest across 300 cities during Amazon chief’s stay in India. The decision of protest...

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