e-Commerce
Zomato Shares Grew to All-Time High After ESOP Plan Approval
Zomato, a leading food delivery and restaurant discovery platform, has made headlines once again when its shares grew. On Tuesday, Zomato shares soared to an all-time high, reaching INR 209.75 per share. This surge in stock price followed the approval of a significant employee stock option plan (ESOP) by its shareholders. The approval has set […]
Bike Bazaar Secured Funding of INR 25 Cr from MAS Financial
Recently Bike Bazaar, a leading online marketplace for pre-owned two-wheelers, has secured debt funding of INR 25 Cr in debt funding. In this funding main contribution is comes MAS Financial which is a prominent financial institution based in Ahmedabad. This strategic move is expected to bolster Bike Bazaar’s growth and expansion plans. Debt Funding Details […]
SEBI Approved IPOs of Unicommerce and FirstCry: Strategic Move
SEBI has recently approved IPOs of two prominent entities in the Indian market, Unicommerce and FirstCry. This significant development marks a pivotal moment in the financial landscape. With both companies poised to make substantial strides in their respective sectors. Every business motive behind its foundation is to generate profits through offering products and services. A […]
Lydia Jett Rejoined Flipkart Board Amid Strategic Shifts: Overview
Recently Lydia Jett, who is a former Managing Partner at SoftBank, has rejoined the board of Flipkart. This move marks a significant development for the e-commerce giant, especially in the context of its recent management changes and strategic shifts. Jett’s return to Flipkart comes after a brief departure earlier this year, following her resignation from […]
Purplle Secured Funding of INR 1,000 Cr and Launches ESOP
Purplle has secured a substantial funding boost of INR 1,000 crore from Abu Dhabi Investment Authority (ADIA) and other investors. This round of funding, which included both primary and secondary share sales, marks a significant milestone in Purplle’s growth journey. The company, however, has not disclosed the names of the other participating investors. Significant Funding […]
India Extends 2% Digital Tax on Ecommerce Until June 30, 2024
Recently India government decided to extends the 2% digital tax on ecommerce supplies until June 30, 2024. This move clarifies that American digital companies operating in India must continue to pay this tax during the specified period. The extension reflects ongoing negotiations between the two nations to address the broader issues surrounding digital taxation. Understanding […]