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Evenflow raises undisclosed bridge round, readying for IPO in 2027

The new funds will be used to expand operations and grow all seven acquired homegrown brands. New Delhi: House of Brands Evenflow has raised an undisclosed amount in a bridge round from serial entrepreneur Shail Patel and some existing investors...

Evenflow strengthens its leadership with four hires, aims at ten-fold revenue jump by 2027

Evenflow hired Priyesh Singh to strengthen its supplier network; Aparajitha Vijayaraghavan to lead the q-commerce division, Prashant Agarwal to manage the marketplace and D2C sectors, and Ruchi Shaikh to drive the growth of BabyPro and CREDBengaluru: Indian house of...

FMCG distributors raise concern over rapid growth of quick comm platforms

The All India Consumer Products Distributors Federation (AICPDF) also suspected potential violations of FDI regulations by these quick-commerce companiesNew Delhi: FMCG distributors have raised concerns over the "rapid and unregulated growth" of quick commerce platforms, saying it needs immediate scrutiny.In...

Quick commerce platforms hit record sales on Raksha Bandhan

Blinkit, which holds about 40 per cent share of the quick commerce market, sold about 700 rakhis every minuteNew Delhi: Quick commerce platforms had a field day on the occasion of Rakshabandhan as the nation ditched exhaustive post-office shopping...

Flipkart leads e-commerce market with 48% share, Meesho fastest growing platform

Flipkart's user base grew 21% year-on-year (Y-o-Y), Meesho accelerated at 32% while Amazon lagged at 13% user growthNew Delhi: Walmart group firm Flipkart continues to dominate the e-commerce segment with 48% market share while Softbank-backed Meesho has emerged as...

Swiggy announces 2nd tranche of $50 million ESOP liquidity programme

In 2021, Swiggy committed to a 2 year ESOP liquidity programme for 2022 and 2023 and the first tranche of $23 million was announced in June 2022New Delhi: On-demand convenience platform, Swiggy on Monday announced the second tranche of...

Swiggy partners with apna to hire 10,000 gig workers from tier 2, tier 3 cities

In 2022, over 15 lakh users from tier 2, tier 3 cities and beyond applied for 30 lakh delivery roles on the platformNew Delhi: Online food delivery platform Swiggy has partnered with jobs and professional networking company apna to create...

Swiggy shutters its cloud kitchen brand, The Bowl Company in Delhi-NCR

Apart from The Bowl Company by Swiggy, other cloud kitchens such as Breakfast Express and Goodness Kitchen may have shut down in the areaBengaluru: Indian food ordering and delivery platform Swiggy has ceased to operate its cloud kitchen outlet...

Swiggy to now deliver groceries in 45 min as hyperlocal war intensifies with Flipkart, Dunzo, others

Food ordering and delivery platform Swiggy on Monday said it has launched a quick delivery service, Instamart, in Gurugram to deliver groceries within 45 minutes. “Swiggy Instamart will be available in Gurugram from today onwards and can be accessed through...
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Yes Madam criticised over purported email on firing of stressed staff; some dub it a marketing stunt

Internet users, however, were sceptical and speculated about the post's legitimacy, terming it a publicity stunt.New Delhi: Online beauty services...
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