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BLINKIT CFO RESIGNATION
ETtech Explainer: Q3 results show Blinkit and Instamart on different paths amid rising competitionOn a consolidated basis, Eternal reported a 73% YoY rise in net profit, at Rs 102 crore, while revenue from operations increased 201% to Rs...- Giva’s funding glitter; PhonePe cofounders sell big stakeHappy Friday! Giva is set to close a fresh funding round amid rising D2C jewellery interest. This and more in today’s ETtech Morning Dispat...
- PhonePe founders sell stake; Deepinder Goyal's Eternal EsopsPhonePe founders have trimmed their holdings ahead of the company's IPO. This and more in today's ETtech Top 5.
- Deepinder Goyal to surrender Esops worth Rs 900-1,000 crore upon resigning as Eternal CEOLater during the company's quarterly analysts call, Eternal CFO Akshant Goyal said that the exercise will result in around 3.3 crore shares...
- Billionaire Deepinder Goyal to sacrifice Rs 1,000 crore Eternal ESOPs on giving up CEO roleDeepinder Goyal is giving up more than ₹1,000 crore worth of unvested ESOPs as he steps down as Group CEO of Eternal, returning 3.3 crore s...
- Eternal shares slide 3% to over 5-month low after Blinkit CFO quitsEternal shares fell to a more than five-month low after the resignation of Blinkit chief financial officer Vipin Kapooria rattled investor ...
- Blinkit CFO Vipin Kapooria resigns 18 months after joining quick commerce companyKapooria will return to Flipkart where he'll be taking on a senior finance position. This change is noteworthy as Blinkit navigates the cut...
- Aakash CFO Vipan Joshi steps down amid senior-level exits, funding challengesThis follows the exit in August of managing director and chief executive officer Deepak Mehrotra, who served in the role for a little over ...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Qcomm’s ad revenue push; Paytm swings to blackHappy Wednesday! Quick commerce firms want to make up for mounting losses with ad revenue. This and more in today’s ETtech Morning Dispatch.
- Return of mobile wallets; Blinkit weighs on Zomato profitHappy Tuesday! The NPCI is proposing to cut interchange fee on wallet-based UPI transactions. This and more in today’s ETtech Morning Dispa...
- Blinkit appoints former Flipkart executive Vipin Kapooria as CFOZomato-owned quick-commerce platform Blinkit has a new CFO. Vipin Kapooria will oversee finances for the quick-commerce platform. Zomato re...
- Quick commerce 2.0, and other top tech & startup stories this weekQuick commerce, the buzziest sector in the consumer internet industry, is undergoing a significant transformation. We, at ETtech, have been...
- Zomato Q4 earnings; Blinkit edges closer to profitabilityFood delivery major Zomato reported a lower-than-expected quarterly profit of Rs 175 crore on Monday. Details on this and more in today’s E...
- Promoter tag for Prosus in Swiggy IPO; SaaS play for revenue-linked financiersSwiggy's largest investor Prosus is likely to be tagged a promoter in the company as plans for trimming stake ahead of an IPO haven’t mater...
- IT sector drives strong PE interest; Dunzo delays June-July pay yet againData shows the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022 as inve...
- Zomato’s quarterly loss widens to Rs 346 crore, revenue jumps 75%The improvement in the operating performance comes even as Zomato's management acknowledged a slowdown in the food delivery business after ...
- Ant Group nominee on Zomato board steps downZomato posted a consolidated net loss of Rs 347 core compared to Rs 63-crore loss in the year-ago period and Rs 251 crore a quarter ago.
- Zomato’s deputy CFO Nitin Savara quitsSavara joined Zomato in November last year from Ernst & Young, a multinational professional services firm, where he was a partner. During h...
- Payments Council seeks govt help on RBI rule; Trell’s troubles mountNow, another industry body – the Payments Council of India – is urging the government to help resolve the fallout from the controversial ne...
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