B2B e-commerce platform Udaan has secured $75 million in Series G funding, the company’s co-founder and CEO Vaibhav Gupta announced during a townhall on Monday, according to sources. The round was led by UK-based M&G with participation from existing investor Lightspeed Venture Partners. During the townhall, Gupta also informed that the company is in advanced
India’s outsourcing landscape is undergoing a significant transformation, with 81% of organisations planning to increase outsourcing efforts over the next three to five years, according to Deloitte’s latest report, ‘The Outsourcing Compass: Decoding Strategies of Today’. This shift is driven by the growing demand for technological advancements, access to specialized expertise, and cost efficiency. As
Venture capital firm Lightbox Ventures is gearing up to raise a $200 million fourth fund. Managing director Sandeep Murthy discusses with Anees Hussain, the company’s strategic shift, and future plans. Excerpts: Q. What’s behind Lightbox’s recent structural changes? Initially, we relied on individual investors to drive value, but we’ve realised that investing and building require
Jio-bp, a joint venture between Reliance Industries and global energy major bp, aims to expand its retail infrastructure while enhancing customer experience to strengthen its presence in the downstream market. The company aims at expanding its electric vehicle charging stations to 100,000 in the next 10-12 years in line with the government’s push to support
In a coup of sorts, Reliance Industries Limited (RIL) has broken into the No. 2 spot in the FutureBrand Index 2024, surpassing global technology giant Apple. This is the first time an Indian company appears among the top three of the Index, which evaluates companies based on brand perception rather than financial performance. ALSO READZomato
The labour strike at Samsung’s Sriperumbudur plant in Chennai is set to escalate further, spreading to nearby industrial hubs as the Centre of Indian Trade Unions (CITU) announces fresh protests on February 20 and 21. The Samsung India Workers’ Union (SIWU), backed by CITU, will hold another round of talks with Samsung management in the
Zomato has launched a cutting-edge, AI-driven, no-code customer support platform, Nugget, that is designed to streamline and automate customer query management. The announcement was made by Zomato CEO Deepinder Goyal on Monday in a post on X. SingTel planning to sell shares worth Rs 8,500 crore in Bharti Airtel: Reports In his post, Goyal emphasized
Singapore Telecommunications Ltd (SingTel) is planning to sell another tranche of stakes in Bharti Airtel through a block deal, stated a report by CNBC Awaaz on Monday citing sources. Per the report, SingTel is expected to sell shares worth $1 billion of Rs 8500 crore. While there was no official statement from SingTel, sources maintained
Investors saved around Rs 2,000 crore to Rs 20,000 crore as Zerodha waived brokerage charges for equity delivery. In a post on X (formerly Twitter), Nithin Kamath, Founder & CEO of Zerodha, said that the company for the first time decided to charge zero brokerage in December 2015. Despite having issues in the options business
The Indian rupee posted its best day against the dollar in more than a month on the back of dollar inflows and an unwinding of speculative long-dollar positions, which also helped it log its best week in more than two years. The rupee ended at 85.9725 against the U.S. dollar from 86.3675 in the previous
Shares of Infosys and Wipro took a hit on the New York Stock Exchange (NYSE) on Thursday, reacting to Accenture’s latest earnings report. The American Depository Receipts (ADRs) of Infosys dropped 3.5% to $17.9, while Wipro’s ADRs slipped 3.2% to $2.79. This decline came despite Accenture raising the lower end of its full-year revenue forecast.
In a major update for UPI users, the National Payments Corporation of India (NPCI) has said that the Unified Payments Interface (UPI) services will not work on numbers that are inactive or reassigned to new users. The new regulations will be effective from April 1, 2025. To prevent fraud and unauthorised transactions, mobile numbers not
Gold prices decreased Rs 400 to Rs 91,250 per 10 grams in the national capital on Friday due to profit-booking and a subdued trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 91,650 per 10 grams on Thursday. Gold of
