Page 86 - Peerzada Abrar

upGrad raises $210 mn funding, eyes acquisitions in US, Southeast Asia

The funding has helped the firm double its valuation to $2.25 billion

Shoppers from tier-I and tier-II cities drive India's e-commerce growth

Growth was powered by the direct-to-consumer (D2C) segment

India team working on core aspects of crypto products: PayPal's Aoki

Company committed to rules and can 'ease the minds of regulators', says executive about Indian concerns on digital assets

Swiggy announces moonlighting policy that allows employees side gigs

Projects should be outside office hours and must not clash with the food delivery company's business

Amazon expands partnership with Railways for deliveries in festive season

National transporter enables company to meet delivery promises to customers in the hinterlands

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Uber users in Delhi, NCR can book their rides using Hindi on WhatsApp

Uber users can now avail its services on WhatsApp in both Hindi and English languages

Google-backed Open plans to onboard 10 mn small businesses in three year

Open competes with players such as Razorpay and British fintech firms like Revolut and Tide

BharatPe founder Bhavik Koladiya quits, months after Ashneer Grover's exit

According to a media report, Koladiya's departure is due to a disagreement between him and BharatPe as well as the company's Chief Executive Officer Suhail Sameer.

Ronnie Screwvala-led upGrad taps Bharat to help learners get govt jobs

upGrad is planning to expand its operations in rural India with various programmes including upskilling the talent present there for job opportunities in the private sector

PhonePe reaches settlement with Affle Global to acquire Indus OS

The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.

Ola Electric to locally make battery cells under Centre's PLI scheme

Ola Electric is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru

PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring

PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals

EV industry may create 50 mn indirect jobs by 2030: IVCA-EY-Induslaw report

The industry attracted $6 billion in investments in 2021; this is expected to grow to $20 billion by 2030

Cost for data breaches averaged Rs 17.6 cr in 2022, highest ever: IBM study

Industrial companies paid most for cyberattacks as 'threat magnitude' grows

Transport union protests Dunzo 'warning to riders' about supporting strikes

A Dunzo spokesperson said that the company is looking into the matter

Mergers & acquisitions on rise as startups diversify into newer spaces

The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share

Women kirana partners lead deliveries for Flipkart in India's remote areas

The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

E-comm retail logistics market projected at $6.3 bn by FY26: Report

The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.