Swiggy will invest $700 million in quick commerce biz amid growing competition

CEO Sriharsha Majety says Instamart on course to clock $1 billion in GMV, food-delivery biz still a big focus for the company.

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Paytm just got its first ‘Buy’ rating after listing flop

Dolat Capital has set for Paytm a target price of Rs 2,500, which is 16% higher than the issue price of Rs 2,150. The brokerage expects the company to turn profitable by March 2026.

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Ola plans IPO in first half of 2022, readies 'super app'

Ola is also gearing up to create something of a "super app" with plans to broaden its services beyond mobility to include personal finance and micro insurance, chief executive officer Bhavish Aggarwal said.

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8i Ventures aims to raise larger second fund at $50 million

Mumbai-based 8i Ventures is looking to raise a $50-million Fund-II, almost four times larger than its previous corpus, as the seed-stage investor looks to double down on its investments across commerce and fintech.

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Freshworks loses $5.45 billion market cap since declaring Q3 results

Freshworks had on Nov. 2 declared its September quarter results, its first since listing on the Nasdaq. Since then, the stock has declined nearly 30% to $35.22 on Dec. 1, eroding the company’s market cap by $5.45 billion.

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Oyo ropes in former SBI chairman Rajnish Kumar as strategic group advisor

Rajnish Kumar will play a key role in advising OYO's management on short-term and long-term strategy, regulatory and stakeholder engagement and enhancing the brand of the company globally, OYO said.

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BANKIT aims to rope in 1 lakh kirana stores in Telangana, Andhra Pradesh by FY2022

The fintech startup said these outlets will include local shops such as medical stores, recharge shops, grocery shops, etc.

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