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Future Group, its promoters 'orchestrated and committed' fraud, says Amazon

Warns of legal action to block sale of FRL assets to Reliance Retail as part of a $3.4-billion deal

Expect over 1 mn new shoppers in flagship sale this year: Myntra CEO

Myntra is poised to expect over 1 million new customers, with over 40 per cent of the overall traffic coming from tier 2/3 cities and towns

Flipkart aims to sell one bn fashion products in 2023, preps for sale event

Flipkart is betting on the fashion market and has announced its end-of-season sale (EOSS) event where it will connect customers to 200,000 sellers

Murthy advises start-ups not to see IPOs as 'surrogate' for a funding round

Says that isn't a good thing as an IPO comes with great responsibilities; points to pressure from VCs as a reason for IPO move by companies

Unicorn Gupshup acquires OneDirect to strengthen conversational platform

Gupshup became a unicorn last year after it raised $100 million in funding at a valuation of $1.4 billion.

Digital payments in India projected to reach $10 trn by 2026: Report

Smaller cities have recorded high acceptance of such transactions as cash use declines in country.

Edtech sector in crisis as Covid curbs ease; hybrid model offers hope

After two boom years, it is struggling with falling demand but exploring hybrid models as a way out

CoinSwitch launches benchmark index for crypto market in Indian Rupee

CRE8 tracks eight assets representing over 85 per cent of the total market capitalisation of digital assets traded in Indian Rupee.

BigBasket raises Rs 350 cr from holding firm as it takes on competitors

The online grocer plans to expand its footprint to 70 cities this fiscal year, from about 37 now.

Swiggy plan offers unlimited free deliveries from restaurants 10 km away

Membership programme has exclusive offers on 1,000 products in Instamart, the company's daily essentials service.

Our competition is with the Silicon Valley: Karnataka CM Basavaraj Bommai

Silicon Valley in the US continues its reign as the world's pre-eminent startup ecosystem, according to experts

Slack launches in India, scouts for firms designing digital workplaces

A survey by Slack of over 2,000 Indian knowledge workers found 4 in 5 respondents desired flexibility, and would switch jobs if their employer didn't provide it

Online math class platform Cuemath raises $57 mn, tops $407 mn valuation

The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23

MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital

This is Goldman Sachs Asset Management's first investment in an Indian SaaS company

Fintech unicorn Slice raises $50 mn funding led by Tiger Global, others

With its core credit product set to become profitable in the months ahead, Slice will use the new capital to shore up its balance sheet and support expansion of its new UPI product

This robot company is building an Uber for autonomous material movement

Hachidori's robots do not need expensive infra like magnetic strips or QR codes. The firm aims to provide Autonomous Mobile Robots (AMR) that are easily deployable and affordable

Flipkart clocks over 200 mn fashion products in Spring-Summer of 2022

Season saw a resurgence in consumption on renewed economic recovery post-pandemic

Alternative data insights startup Synaptic raises $20 mn from Valor

Synaptic is used by leading venture capital and private equity firms, Hedge Funds, and Asset Managers globally with combined assets of several hundred billion dollars

Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr

The Ananth Narayanan-led firm achieved this in the first 12 months of operations and it has plans to hire 700 employees in 2022

SUGAR Cosmetics closes $50 million series D funding led by L Catterton

L Catterton has significant experience investing globally in the beauty and personal care space