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Success driven : Bhavish Aggarwal and the evolution of Ola Cabs

The co-founder of the Indian mobility platform Ola, currently possesses an astonishing net worth of around Rs 11,700 croresBhavish Aggarwal, co-founder of the Indian mobility platform Ola, embarked on a remarkable business journey that exemplifies determination, innovation, and pursuit...

Softbank sells 1.16% stake in Zomato for Rs 947 crore

Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange New Delhi: Japanese conglomerate Softbank on Wednesday divested a 1.16 per cent stake in online food ordering company Zomato for Rs 947...

Startup Inspiration: Flipkart founder Sachin Bansal

After having led Flipkart to its glory, Bansal started Navi Technologies and is pursuing opportunities in the banking financial services and insurance sector Co-founder of homegrown e-commerce marketplace Flipkart Sachin Bansal is known as the flag-bearer of the Indian startup ecosystem. The...

Unicommerce records 50% revenue growth in FY’23

The company has achieved an annual run rate of processing over 600 million transactions amounting to over $7 billion in annual gross merchandise valueNew Delhi: Softbank-backed Saas platform Unicommerce has registered a 50 percent growth in revenue driven by...

Meesho collaborates with IISc’s lab for research in generative AI

The goal of the partnership is to foster innovation in generative artificial intelligence and multimodal large language models in the e-commerce industryNew Delhi: Softbank-backed e-commerce platform Meesho has signed a memorandum of understanding with the Vision & AI Lab...

Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

Softbank's arm SVF Doorbell (Cayman) divested 3.8% of its stake in supply chain company Delhivery for Rs 954 croreNew Delhi: Japanese conglomerate Softbank's arm SVF Doorbell (Cayman) on Wednesday divested 3.8 per cent of its stake in supply chain company...

Grofers to enter FMCG segment; targets Rs 2,500 crore revenue by FY19

Online grocery firm Grofers has announced that it is entering the FMCG segment and targeting an overall revenue of Rs 2,500 crore by FY2019.The company recently launched seven new brands under two categories Budget and Popular G-Brands."With this, Grofers' private labels expands to...

Grofers raises Rs 400 cr from SoftBank Group

Online supermarket platform Grofers on Friday said it has raised Rs 400 crore in a fresh funding round led by Japanese conglomerate SoftBank Group.A significant amount of investment will go towards building infrastructure and technology and efficient supply of...

E-comm majors report massive sales spurts, but is it sustainable?

Leading e-retail major Flipkart has sold 150 million products till date this calendar year, reporting a jump of 150% in unit sales so far in 2015, compared with the year-ago period, the company has announced. “With a growing base of...
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UBL, AB-InBev, Carlsberg jointly form Brewers’ Association of India

The three brewers -- UBL, Brewer Anheuser-Busch InBev (AB InBev) -- which owns brands such as Budweiser, Hoegaarden, and...
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