Zomato’s Revenue grows by 105% to reach $394 Mn in FY20

Gurugram based foodtech major Zomato on Friday disclosed that its revenue earnings for the financial year ended March 2020. The Ant Financial backed company said that its revenue grew by 105% to reach $394 Mn and assured its investors that the company is well on its way to improve its monthly revenue by 60% in…

ByGirish ShettiJuly 10, 20200Comments

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Exclusive: Khatabook sees greenshoots and recovery in the post lockdown phase

Fintech startup Khatabook, which helps small kirana stores to record their financial transaction digitally through their Android app, claims that it is witnessing greenshoots and recovery in the post lockdown phase. Citing a comprehensive data collected by Khatabook, Khatabook’s co-founder and CEO Ravish Naresh said on his twitter account that Dau (daily active users) and…

ByGirish ShettiJuly 10, 20200Comments

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Exclusive: Furlenco enters bike rental space, Collaborates with Bounce

Bengaluru based online furniture rental startup Furlenco has entered bike rental space. The company has tied up with bike rental startup Bounce for this new venture. Furlenco’s two-wheeler rental service – Bounce sooty - will be available across all the cities where the company is currently offering online furniture services. This includes Bengaluru, Mumbai, Pune,…

ByGirish ShettiJuly 8, 20200Comments

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After getting banned in India, TikTok exits Hong kong market

Barely weeks after getting banned in India, TikTok on late Monday evening announced that it is exiting the Hong kong market. TikTok’s parent company Bytedance has been forced to take this tough decision in response to the tough security law that came into effect in Hong Kong since last week. TikTok has said to Reuters that…

ByGirish ShettiJuly 7, 20200Comments

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1 Mg is planning to raise fresh fund through convertible debenture: Report

Online pharmacy startup 1 Mg is planning to raise fresh funds through debt route from existing investors, according to company’s latest regulatory filings that Techpluto’s team has duly accessed. After accessing the regulatory filings, Techpluto has learnt that 1 Mg has allotted 38,668 class 6 CCD (compulsory convertible debentures) to six existing investors at a…

ByGirish ShettiJuly 6, 20200Comments

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Uber Permanently closes down its Mumbai Office: Report

U.S based ride hailing major Uber has pulled the shutters on its Mumbai office as part of its consolidation plan to close down 45 offices across the world. News network CNBC TV18 first reported the news. The company’s Mumbai office is reportedly located near the Kurla region, a bustling neighborhood in Eastern Mumbai. Image Source: Flickr Uber…

ByGirish ShettiJuly 3, 20200Comments

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Exclusive: Eyeing refurbished market & new revenue model, Bounce launches new electric bike in the market

Bike sharing startup, Bounce, is all set to launch a new electric bike in the market as it looks to consolidate its presence in the re-furbished market. Bounce has already started accepting bookings for the bike but the delivery will only commence in December. Bounce’s co-founder Vivekananda Hallekere shared the photos and basic information about…

ByGirish ShettiJuly 3, 20200Comments

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Edtech player UpGrad repeals Pay cut decision after good quarterly performance

Edtech major UpGrad has announced that it will revoke the salary cut decision that was initiated earlier in the wake of coronavirus crises. The company has said that it will pay back 100 percent pay cut to its employees in the July Salary, following good performance in the months of April and June. However, the…

ByGirish ShettiJuly 2, 20200Comments

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Paytm faces backlash on Social Media over Chinese Investment

On Tuesday, India saw a slugfest between Paytm and TikTok, albeit this brawl was been played out on Twitter. The Noida headquartered company faced a backlash on the social media platform, with most twitterati calling for an immediate ban on the digital payment firm. Buoyed by patriotic fervor, scores of netizens came hard on the digital…

ByGirish ShettiJuly 1, 20200Comments

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Zomato renames its subscription program Zomato Gold to Zomato Pro

Zomato on Tuesday renamed its exclusive membership and subscription program Zomato Gold to Zomato Pro. However, the Gurugram headquartered company claimed that it has not merely changed the name but has also upgraded the program. The company said on its official blog that Zomato Pro will be bigger and better than Zomato Gold. The company has…

ByGirish ShettiJune 30, 20200Comments

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