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SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...
H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...
Listed new-age companies use AI to tune their daily ops engineCompanies are using AI to personalise discovery, improve marketing efficiency, reduce manual work in logistics, handle customer support, re...
Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...
Irrational pricing unlikely in third-party logistics even as ecommerce growth improves: Delhivery’s Sahil BaruaDelhivery CEO Sahil Barua anticipates no "irrational pricing" or heavy capital expenditure in the third-party logistics sector, despite pro...
Shadowfax operating revenue up 74% YoY in Q4, posts net profit of Rs 56 croreNew-age logistics firm Shadowfax saw its operating revenue surge 74% year-on-year to Rs 1,237 crore in Q4FY26. The company achieved a net p...
SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...
Mamaearth parent Honasa Consumer may become first new-age company to announce dividendHonasa Consumer’s board will consider a final dividend on May 21 alongside Q4 FY26 results, potentially making Mamaearth’s parent the first...
Delhivery stock falls 3.5% as Amazon launches global supply chain servicesDelhivery shares dipped as Amazon unveiled its global supply chain services, intensifying competition in India's logistics sector. The e-co...
Logistics firms enter last mile for IPO delivery, rev up for Rs 9,000 crore issuesIndia's logistics sector is poised for a significant IPO cycle, with several companies preparing to raise an estimated ₹8,000-9,000 crore. ...
Fintechs clash in cross-border payments; TCS closes FY26 strongHappy Friday! Large companies are fighting early-stage startups in the cross-border payments battleground. This and more in today's ETtech ...
Fuel volatility accelerates EV leap in last mile delivery for ecommerce, logistics firmsEcommerce and logistics companies are accelerating the shift to electric vehicles (EVs) for last-mile deliveries, driven not just by sustai...
Expect e-commerce to grow between 15-20% year-on-year: Delhivery CEOET reported on May 11 that growth in shopping across ecommerce platforms had been slower than anticipated, citing industry executives, mult...
Delhivery invests in ecommerce SaaS startup Vinculum in direct-to-consumer pushThe investment is the first part of a potential two-stage deal, under which Delhivery can further increase its shareholding in the company ...
Delhivery’s chief customer experience officer Abhik Kumar Mitra resignsMitra was the chief executive of Spoton — a logistics firm Delhivery acquired in 2021 before its initial public offering (IPO) for about $3...
Delhivery’s ecommerce shipments market share slips to 21% in FY23Delhivery's market share is expected to further fall to 19% by FY30, according to a report by brokerage firm Bernstein.
Delhivery picks up Aramex India bizEcommerce logistics company will take over Aramex local ops from March 1
E-commerce logistics services company Delhivery raises $35 million in third roundE-commerce logistics services company Delhivery has closed a $35-million round of funding, led by Multiples Alternate Asset Management.