Tiger Global to knock High Court over Tax Woes on Flipkart Stake Sale

Private Equity giant Tiger Global is all set to move to court after Authority of Advance Ruling (ARR) rejected its tax relief application over its Rs 14,500 crore stake sale in Flipkart. Economic Times (ET) first reported this news. According to ET, Tiger Global is now seriously mulling to challenge ARR’s decision in the Delhi…

ByGirish ShettiJune 10, 20200Comments

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Grofers CTO Jacob Singh has put down his papers

Grofers’ CTO Jacob Singh has resigned after completing three year stint in the company. This news was first reported by news portal Entrackr. Jacob has himself confirmed the news to Techpluto. Grofers' CTO Jacob Singh has resigned after three year stint. Replying to Techpluto’s query, Jacob said “Yes. I have resigned from Grofers. We…

ByGirish ShettiJune 9, 20200Comments

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25 Fintech startups to receive assistance from ICICI Securities

NSRCEL, an incubation center promoted by the Indian Institute of Management Bengaluru (IIM-B), on Monday announced that nearly 25 shortlisted Fintech startups will be enrolled for a 15-month extensive program. Many of these lucky startups may even receive funding from the CSR fund of ICICI Securities – one of the leading financial services of India. Image…

ByGirish ShettiJune 8, 20200Comments

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Scootsy all set to merge with Swiggy’s main app

Swiggy is planning to overhaul Scootsy’s operations by merging it with its main app, according to a report published in Economic Times (ET). This means that henceforth Scootsy will no longer operate as a separate entity. The development has been confirmed by Swiggy, according to ET. It further added that Scootsy’s customers will be redirected to…

ByGirish ShettiJune 8, 20200Comments

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Zomato Restores focus on Core Business, Scales down Grocery Vertical

On June 8, restaurants across India will be reopening after bearing the brunt of nationwide lockdown for almost two months. And this fact has put online food delivery major Zomato on hyper-alert, with the company deciding to restore the focus on food delivery business. This means that the Gurugram headquartered company will be retreating from…

ByGirish ShettiJune 6, 20200Comments

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Bytedance Winds up Overseas News Aggregator app TopBuzz

Bytedance, parent company of global sensation TikTok, has pulled the plug on its artificial Intelligence based news aggregator app TopBuzz. Launched in 2015, TopBuzz was one of the company’s earliest products that was solely catered to the global markets. Image Source: Flickr.com TikTok’s parent company apparently ran out of patience after the TopBuzz app failed to capture…

ByGirish ShettiJune 5, 20200Comments

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Online food Delivery companies get approval for Drone trial

In what will come as a big boost for the online delivery industry, the Directorate General of Civil Aviation (DGCA) has given official approval to companies like Zomato, Swiggy and Dunzo to start testing BVLOS drones for deliveries. BVLOS drones are essentially those drones that fly at distances beyond normal visibility and also cover far…

ByGirish ShettiJune 4, 20200Comments

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Indian cities limping back to normalcy, claims MyGate

Indian cities are slowly clawing back to normalcy after enduring the nationwide lockdown for more than 2 months. This finding was the result of extensive survey carried by MyGate, a security and community management solution startup. The startup relied on its app’s user base data to make conclusive findings. MyGate, which claims to be India’s largest…

ByGirish ShettiJune 3, 20200Comments

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DSG Consumer invests Undisclosed Funding in Supplement brand Nutrova

Early stage venture capital firm, DSG Consumer Partners (DSGCP), has invested undisclosed amount of funding in Axys Nutrition Products Pvt Ltd. Axys Nutrition is essentially a nutraceutical company that develops evidence-based nutrition and nutraceutical products. Based in the financial city of Mumbai, the company manufactures all its products under the brand name ‘Nutrova.’ Nutrova currently focuses…

ByGirish ShettiJune 2, 20200Comments

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Paytm Mall Shifts to Bengaluru; Rejigs top Management

Paytm Mall, the e-commerce unit of One97 communication, has shifted its operational base from Noida to India’s Silicon Valley Bengaluru. Since past few days rumor mills were already abuzz with the report that Paytm Mall is mulling to change its headquarter location. Following this decision, the SoftBank and Alibaba based company has offered the flexibility to…

ByGirish ShettiJune 1, 20200Comments

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