Ecommerce roll-up companies pause brand buyouts, seek funds for survivalSmaller startups in the ecommerce roll-up space like 10club and Upscalio have either pivoted or are looking to be acquired while bigger riv...
11 Jan, 2024, 05.31 PM IST
Ola fires about 200 employees in a fresh round of layoffsIn September, the company rescinded the retrenchment of about 200 engineers. One of the sources told ET that the current layoffs are the sa...
13 Jan, 2023, 08.42 PM IST
Ola sacks 200 employees; Wipro net profit up 2.3% in Q3, beats estimatesRiding haling and electric vehicle firm Ola has had a torrid time since the start of the pandemic three years ago. The company laid off as ...
13 Jan, 2023, 07.41 PM IST
Online payments firm Cashfree lays off around 100 employees to reduce costsBangalore-based fintech startup Cashfree, backed by the likes of YCombinator and Apis Partners said the layoffs will impact around 6-8% of ...
12 Jan, 2023, 07.19 PM IST
10club set to close $30 mn funding round led by Olive Tree Capital10club is also the second company after Mensa Brands to announce that it would launch its products in the US market. “The team has also ini...
16 Jun, 2022, 07.44 PM IST
Mensa Brands expands into US, Middle East, other global marketsThis comes at a time when the roll-up commerce sector is facing headwinds, with the likes of US-based Thrasio cutting costs amid a change o...
31 May, 2022, 07.58 PM IST
Shake-up looms as funding party ends for roll-up ecommerce modelWill a duopoly with two of the players, Mensa and GlobalBees, taking a disproportionate share of capital lead to a major consolidation in t...
20 Apr, 2022, 11.12 AM IST
WhatsApp Pay gets UPI boost; tough times for roll-up ecommerceThat could all change soon, though, as NPCI – which runs UPI – has now allowed WhatsApp Pay to increase its user limit from 40 million to 1...
14 Apr, 2022, 08.48 AM IST
For third quarter in a row, startup funding crosses $10 billion in Q1, creates 14 unicornsThis is the third consecutive quarter ending March 2022 when the fund inflows into the domestic start-ups ecosystem have grossed over USD 1...
10 Apr, 2022, 05.59 PM IST
Tatas plan UPI play; Snap to port India playbook elsewhereAmazon India also has its own UPI service for payments and cashbacks, which the Tatas may be looking to emulate for their super app.
16 Mar, 2022, 07.57 AM IST
Zomato, Blinkit likely to merge (at last); Amazon-Future talks failThe acquisition will give Zomato firepower in its fight with Swiggy’s Instamart, and will make SoftBank, one of Swiggy’s biggest backers, a...
15 Mar, 2022, 07.22 PM IST
UpScalio raises $15 million in funding led by Gulf Islamic InvestmentsThe company will use the fresh capital to partner with more brands, invest in hiring across key growth functions, and build other technolog...
15 Mar, 2022, 01.03 PM IST
Rollup ecommerce: an idea whose time has comeThe largest acquirer of Amazon businesses and one of the top 25 sellers on Amazon, three-year-old Thrasio is credited with creating a whole...
16 Nov, 2021, 06.25 PM IST
Flipkart launches programme to find and build D2C brandsThe programme, Flipkart said, will shortlist brands on certain criteria like growth potential, revenue run-rate and customer focus, after w...
07 Sep, 2021, 07.32 PM IST
ETtech Deals Digest: Postman, Zetwerk raise funds this weekSaaS startup Postman became the most valued software-as-a-service firm from India this week. The country also minted another unicorn.
20 Aug, 2021, 06.49 PM IST
What's behind the funding frenzy?Many startups that hit a valuation of $1 billion or more just this year have already doubled or tripled their valuations with fresh rounds ...
17 Aug, 2021, 06.54 AM IST
UpScalio raises $42.5 million in fundingA consortium of lenders, including freshly minted unicorn OfBusiness, Innoven Capital, and Alteria Capital, have also committed capital to ...
17 Aug, 2021, 06.00 AM IST