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Top News Of the Day: 1. Ecommerce giant Flipkart is in talks to shift its parent entity from Singapore to India 2. SS Supply Chain Solutions (3SC) has raised Rs 31 crore (approximately $4 million) from existing investors GEF Capitalโs South Asia Growth Fund. 3. B2B cross border e-commerce platform BEYOBO has raised Rs 6.7 crore in its pre Series A2 round that was oversubscribed by 300%. The round has been led by Indian Angel Network and saw participation from International Startup Foundation, SAN Angels along with angels and HNIs. 4. Shein, the fast-fashion retailer, is reportedly preparing for a London listing after facing obstacles for its planned IPO in the US. 5. Amazon has announced plans to invest over 1.2 billion euros ($1.3 billion) in its French operations and create 3,000 permanent jobs in the country. 6. E-commerce platform Meesho has appointed Surojit Chatterjee as an independent director. 7. Foodtech and quick commerce platform Zomato on Monday announced fresh employee stock option (ESOP) options for its employees under the new plan: ESOP 2024. 8. Zomato-owned quick-commerce platform Blinkit has reported positive adjusted Ebitda for the month of March, moving closer to profitability. 9. Zomato posts Rs 175 Cr PAT in Q4 FY24, revenue grows 8.3% 10. GameStop surges over 70% after trader 'Roaring Kitty' resurfaces with X post Stay Updated. Stay Informed. Stay Ahead. Share Medial App within your network and friends to grow this community. Please rate us on iOS AppStore/ Google Play Store to help us be visible to more awesome folks like you!
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Zomato hikes platform fee for users; pauses these deliveries Zomato hikes platform fee for users; pauses these deliveries Zomato increased platform fee to Rs 5/order in major cities, aiming to enhance earnings. Swiggy charges Rs 5, with some users f
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Top News Of the Day: 1. Digital banking infrastructure company M2P Fintech has raised Rs 35 crore debt from Anicut Capital. This appears to be the first debt round for the Chennai-based company. 2. Audio series platform Pocket FM announced that the
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Top News Of the Day: 1. Venture capital firm Prath Ventures has raised Rs 120 crore marking the second close of its INR 225 Crore round, led by SIDBI Funds and others. 2. Dermatology startup Cureskin raises Rs. 160 Cr ($20Mn) led by Healthquad 3. O
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Food delivery platform Zomato has increased its platform fee for customers by 25% to Rs 5 per order, effective April 20. The fee increase, applicable in key markets including Delhi, Bengaluru, Mumbai, and Hyderabad, is expected to boost the company's
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Rapido announces first ESOP liquidity program Ride-hailing firm Rapido has announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees. Through this initiative, employees are eligible to
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Food tech major Zomato has changed its name to Eternal and the companyโs board has approved the same, the company said in a stock exchange filing on February 6. This strategic shift includes the acquisition of Blinkit, a quick-commerce platform, and
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Top News of the Week: 1. Ride-hailing company Rapido is reportedly planning to enter the quick commerce sector in India. 2. Venttup raises seed funding from Unicorn India Venture 3. US Lenders Counter Debt Claim, Say The Edtech Must Repay Full $1.
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