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BigBasket top brass churn; RMG ban pain manifestsHappy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech...- NPCI pings govt, industry on UPI market share cap; ONDC rules on resolving disputes coming soonPhonePe and Google Pay, on average, have a share of about 80% on the digital payments network each month. While PhonePe clocked 3.14 billio...
- Citymall lays off 191 employees three months after raising $75 million in fundingOn Sunday evening, the company posted on professional networking site LinkedIn, saying it has taken the call to layoff a portion of its sta...
- Sequoia delays close of $2.8B fund amid probes; RBI dents Sachin Bansal’s banking dreamsThe storied venture capital firm has told its limited partners it has decided to postpone the close of its $2.8-billion India and Southeast...
- Meesho rebrands Farmiso to Superstore in grocery push; Musk appointed to Twitter boardWith only 0.5% of grocery sales in India being online, Meesho has a huge market to tap into even as it fights well-entrenched rivals like A...
- Quick commerce delivers quick jobs; 2022 will see fewer but bigger dealsInsiders estimate that more than 400,000 delivery jobs will be up for grabs in the next 90 days, almost 50% more than this time last year.
- What is Web3 and why is Jack Dorsey not a believer?This week, Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk tweeted criticisms of Web3, the supposed “next evolution” of the internet ...
- Exclusive: Google in talks to back social commerce startup MeeshoGoogle’s latest investment will take Meesho’s total funding to over $900 million so far this year, including $300 million that it raised fr...
- Few startups corner bulk of funding; RBI rule disrupts auto payIndia's startup ecosystem is in the midst of an unprecedented funding boom, but the top two or three companies in each sector have cornered...
- Swiggy to test social commerce for group buying of groceriesSwiggy has been conducting a combination of external as well as internal hiring – including for several technology roles - to build the ver...
- Social commerce set for takeoffIndia's social commerce firms are set for a landmark year, having raised more than half a billion dollars from investors in the first seven...
- YouTube to acquire video-based social commerce startup simsimStarted in July 2019 by Amit Bagaria, Kunal Suri and Saurabh Vashishtha, simsim helps small businesses transition to e-commerce through inf...
- E-commerce confusionIn today's ETtech Morning Dispatch: E-tailers unclear on 'flash sales' ban despite clarification; Amazon to hold Prime Day in amid tighter ...
- Proposed e-commerce rules explainedIn today’s ETtech Top 5 newsletter: A two-minute explainer of India’s proposed e-commerce rules, European Union hands a win and loss to Goo...
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