Article on May 19, 2023
Electronics Brand boAt Partners With ONDC Through Shopalyst’s Plugin
Through this foray on the ONDC network, boAt aims to create multiple consumer touchpoints. This will enable boAt to expand its customer base by making its products available to buyers from all ONDC seller apps
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Deepinder Goyal Aims To Turn Zomato's Entire Biz Profitable By Q4 FY23
Increasing profits in the food delivery business and reducing losses in Blinkit will get the company there, he said in his letter to shareholders
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ED Seizes Over Rs8cr Under FEMA From Odaclass
Earlier in March, the ED attached movable assets worth Rs 106 crore belonging to numerous lending app operators with linkages to Chinese businesses and nationals
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Zomato Reports 70% YOY Growth, Turns EBITDA Positive
The company stated that it is 90 per cent confident that its entire business, including quick commerce, will achieve EBITDA-level profitability in the next four quarters
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Byju's Sued By Lenders On Hiding $500mn, Refutes Claims: Report
Edtech Decacorn Byju's Sued By Lenders Linked To $1.2bn Loan, Refutes Claims: Report
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Pune-based SaaS Platform Mithi Raises Funds From Recur Club
The Pune-based startup will use the freshly raised funds USD 500k to improve its product offerings as well as to scale up cash flow marketing initiatives
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TE Connectivity, BCIC Startup Launch Accelerator Program In India
The program is designed to promote and accelerate startups initially in the energy and electrification, smart cities and IoT domains
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Golden Horn Group Acquires 9 Dunkin’ Franchises For $18mn
The Dunkin brand currently operates 13,000 franchisees worldwide. Nine of these are in Sharon, Hanover, Weymouth, Braintree, Quincy in Massachusetts are now owned by the Golden Horn Group and will be operated under OM Network LLC
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PYOR Bags $4mn In Seed Round Led by Castle Island Ventures
With this capital PYOR will expand its core infrastructure and product platform, the funds will also be allocated towards team expansion in India
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Course5 Intelligence Secures $28mn From 360 ONE Asset Management
The company stated that it is evaluating several merger and acquisition opportunities that would add strategic capabilities or intellectual property to its existing suite of solutions
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