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XPRESSBEES NEWS
Logistics firms under pressure; The race to deliver styleHappy Thursday! With Indian ecommerce firms insourcing deliveries, the third-party logistics sector is likely to witness consolidation. Thi...- ET Startup Awards 2024: Mukul Arora aces exits metric to land ‘Midas Touch’ prizeAn alumnus of IIM-Lucknow, Arora, who has risen from being an associate to a co-managing partner at Elevation Capital (formerly SAIF Partne...
- Shadowfax’s Rs 3,000-crore IPO; Ola Electric shares rallyJoining its new-age peers, ecommerce logistics company Shadowfax is planning to go public. Details on this and more in today’s ETtech Top 5.
- BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HCTata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’...
- Snap’s Evan Spiegel on growing beyond 200 million users in India; Banks woo fintechs to push gold loansSnap CEO Evan Spiegel elaborated on his plans for India, his vision for artificial intelligence (AI) and augmented reality (AR) in the days...
- Byju’s restructures biz amid exits; Banks advocate unified registry for digital fraudByju’s on Tuesday said it has consolidated four verticals into two, K-10 and exam preparation, as part of moves to restructure its mainstay...
- From fintechs to NBFCs – A bridge too far, and other top tech & startup stories this weekAfter the issues with IL&FS and DHFL, the regulator has become very concerned about the NBFC sector. Also, a clutch of unscrupulous Chinese...
- Ranjan Pai in talks for stake in FirstCry; IT hardware firms may get more time for local manufacturingManipal Group chairman Ranjan Pai is likely to pick up a stake in FirstCry, as part of a secondary share sale. Pai’s Rs 250 crore investmen...
- Foxconn may set up EV factory in India this year; ChrysCapital invests $100 million in LenskartEnding the week with a bang (and not a whimper) is this big piece of news: iPhone maker Foxconn is in talks with some Indian states to set ...
- Amazon’s sales from international ops remain flat; Growth worries for Snap, PinterestAmazon's net sales from international operations remained largely flat in the quarter ended March 2023. CEO Andy Jassy said in an earnings ...
- ETtech Deals Digest: Indian startups remain parched as funding taps stay dry in scorching summerThis week, Indian startups raised $97 million across 18 rounds.
- New-age stock brokers’ bull run hits a bump; Elevation sells more stake in XpressbeesFor new-age stock broking firms which grew exponentially during Covid-19, the past year has been punishing. This and more in today’s Mornin...
- Meesho to widen logistics network with software; foreign investors cut stakes in IT firmsThe solution will also let Meesho work more closely with local and regional players that may not have access to software solutions to servi...
- Meesho builds logistics SaaS platform to widen its networkWhile the product is still being developed internally, this would reduce Meesho’s dependence on large third-party logistics players like Ec...
- RBI’s new mandate sparks confusion among fintechs; Foxconn may make EVs in IndiaThe regulator’s directive quickly sparked confusion and frustrations among fintech startups, which told us the RBI appears to be giving ban...
- Xpressbees enters D2C delivery business after Shiprocket's Pickrr dealXpressbees said it will offer same-day and next day deliveries to D2C brands and large offline brands which are tapping into online commerce
- Logistics wars out in the open; Sequoia breaks silence on corporate governanceThe biggies have simultaneously raised their shipping prices for the aggregators by 30-40%, making the feud public.
- Lights, camera, Activision!This week, Microsoft Corp. agreed to pay a stunning $68.7 billion—all cash—to acquire Activision Blizzard, the company behind blockbuster g...
- Ashneer Grover vs Sequoia; Xpressbees could be next unicornBharatPe cofounder Ashneer Grover could face increased scrutiny as expletive-laden emails he allegedly sent to an employee of Sequoia Capit...
- Ecommerce is passé. Moonshot ideas will grab attention of startups in 2017Moonshot ideas will grab the eyeballs - unique fintech models, an open source programming language, media and traditional businesses with a...
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