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Unacademy turns into unicorn after SoftBank-led funding round

Valuation jumps 3-fold in last six months to $1.45 billion; becomes the second unicorn in edtech space after Byju's

Flipkart Wholesale launches digital platform for Kiranas in fashion segment

Plans to expand to 20 other cities and tap other areas such as groceries and general merchandise

HSBC Global Research puts food delivery firm Zomato's valuation at $5 bn

Covid-19 has accelerated its path to profitability owing to lower discounts said HSBC Global Research in a report

PhonePe to expand business, digitise 25 mn small merchants, create 10K jobs

The company plans to reach 5,500 talukas via its merchant acquisition team that will lead to over 10,000 jobs being created in semi-urban and rural areas

Simplilearn sees huge demand from professionals to upgrade skills

The edtech firm is doubling down on global expansion in markets such as the Middle East, Africa and the Far East, and expects to cross Rs 500 crore revenues in FY2020-21

'Country of origin' compliance adds to worries of e-commerce sellers

Many of the online sellers are struggling even to follow the compliance of providing information related to the maximum retail price and best before date of products, according to LocalCircles

Byju's raises $122 mn from Israeli-Russian billionaire Milner's DST Global

However, there has been no change in Byju's valuation after this funding

India-China spat starting to impact domestic unicorns, Chinese investors

Experts said Chinese investments in Indian unicorns including Paytm, Byju's, Ola, BigBasket, Dream11, and Swiggy may drop sharply through investors such as Alibaba, Tencent and Xiaomi

Myntra brings offline fashion stores to customers amid Covid-19 pandemic

The Walmart-owned company has built an omnichannel network where it has partnered with several brands to have their products delivered directly from their offline-stores

Green shoots emerging for ride-hailing firm Ola amid the pandemic

The SoftBank-backed company is now serving about 50 per cent rides in major cities that have opened up as compared to the pre-Covid phase.

Chemist body warns against Amazon's entry into online pharmacy space

The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah and other top ministers and government officials

Sellers from towns drive e-commerce giant Flipkart's Freedom sales

The event, which concluded on August 10, saw participation from sellers primarily from tier-2 cities that have now become local businesses with strong growth pipelines

Amazon enters online pharmacy space in India; to compete with Netmeds, 1mg

The service would allow customers to order prescription-based medication in addition to over-the-counter medicines, basic health devices and Ayurveda medication from certified sellers

Prime Venture Partners ropes in Ashish Gupta as partner emeritus

At Prime, Gupta will be a part of the investment committee and actively involved in the decision-making process of all future investments

India Inc goes slow on increments; pay hikes for select profiles: Report

While salary growth may range from a marginally positive to stagnant or even negative, the increment for some of the "super-specialised" profiles can go beyond 15%

Flipkart seeks to tap next 200 million users using voice tech amid pandemic

Introduction of 'voice assistant' on grocery is helping Flipkart bring conversational commerce and aims to fast-track adoption of e-commerce by Bharat consumers

Amazon holds biggest Prime Day sale in India amid Covid-19 pandemic

Highest Prime Day participation for small businesses with over 91,000 SMB sellers from 5,900 pin codes; 62,000 SMB sellers from small towns, received orders and about 209 SMB sellers became crorepatis

Flipkart launches startup promotion programme; may invest from its fund

Flipkart Leap will identify business-to-consumer and business-to-business startups and help them scale through an intensive 16-week virtual programme

Amazon, Flipkart set to witness business worth $600 mn during sale events

The e-commerce majors have bounced back on better delivery and improved last-mile connectivity during the ongoing sale while discounts have remained largely minimal

Amazon launches upgraded 'Amazon Easy'; eyes next 300 mn customers in India

These stores will offer a touch and feel product experience through a physical product display. They include assisted shopping and last-mile delivery for customers through a single touch-point.