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Top startup and tech 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.- BharatPe CEO on profitability, IPO timeline; Dunzo goes offlineMerchant payments player BharatPe is set to become a full-stack financial services platform. This and more in today’s ETtech Top 5.
- Dunzo app, website go offline post cofounder Kabeer Biswas exit to FlipkartDunzo's website and app went offline following CEO Kabeer Biswas's departure to Flipkart. The startup has struggled financially despite rai...
- Dunzo’s demise: How the Reliance-backed hyperlocal delivery startup unravelledDunzo, once a pioneer of hyperlocal delivery in India, faced operational and financial challenges leading to its decline. Founder Kabeer Bi...
- Dunzo founder’s exit; Digilocker outageHappy New Year! Welcome to the first edition of ETtech Morning Dispatch in 2025. Kabeer Biswas, Dunzo's cofounder & CEO, is in talks to exi...
- Uber ups hyperlocal deliveries as quick commerce takes offDelivers prepaid items from kirana stores; offers service in NCR, Bengaluru, Chennai, Hyderabad, Jaipur, Lucknow, Kolkata, Guwahati and Lud...
- Exclusive: Flipkart-Zepto deal talks falter; quick commerce startup opts for financial investorsThe strategic sale discussions are unlikely to be revived. Quick commerce company Zepto is now in discussions for fresh funding at a likely...
- PhonePe explored investment in Dunzo’s merchant businessHowever, Dunzo investors were not in favour due to strategic nature of Walmart-backed company.
- How PhonePe's plan to invest in Dunzo hit a roadblock; Slice seeks fresh fundsPhonePe was interested in acquiring the merchant network and quickly tapped into it for Pincode. It has been spending on customer acquisiti...
- Funding in Indian startups sinks to $7 billion, lowest since 2017Investments till date at $7 billion for 2023; Oct-Dec least funded quarter since July-Sept 2016, show data
- 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...
- Jio Financial set to shake up lending; Dunzo crisis deepensThe winds of change blowing through the Indian credit industry might blow some off their perch. Mukesh Ambani’s Reliance Industries is targ...
- Government’s ONDC arrives with a price war taking on food-delivery majors Zomato, SwiggyPrices on brands such as McDonald’s, Taco Bell, Behrouz Biryani, Wow Momo, Pizza Hut and Cafe Coffee Day are at 30-80% discounts on ONDC or...
- MeitY’s new online gaming rules explained and other top stories this weekThe Ministry of Electronics & Information Technology (MeitY) will notify at least three self regulatory organisations (SROs), which will de...
- JioMart Express stops services; Reliance Retail to vie for a slice of beauty ecommerceWithin a year of its launch, Reliance Retail’s JioMart has halted the operations of JioMart Express, its quick commerce grocery delivery se...
- Google suffers setback in Supreme Court; PhonePe raises $350M with more to comeEarlier today, the Supreme Court turned down a request from Google to block an order by the Competition Commission of India that would forc...
- The best of ETtech Unwrapped in 2022From a string of crypto catastrophes to Elon Musk’s acquisition of Twitter, the biggest rout in technology stocks and a funding winter, 202...
- How PhonePe is sharpening its ecommerce ambitions as it breaks away from FlipkartTo launch grocery side shopping on ONDC; sets aside $15 million for biz
- Dunzo-Tata talks stuck on deal termsTata Digital's potential investment in Dunzo is stuck as the hyperlocal startup doesn't want to give majority control.
- Drone delivery trials begin this weekIn today’s ETtech Morning Dispatch: India to start testing drone delivery this week; Byju’s is India’s most valued startup; and PhonePe-Ind...
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