In a significant financial maneuver, Nexus Venture Partners has sold a 1.06% stake in Delhivery, one of India’s leading logistics and supply chain firms, for INR 344.06 crore. The transaction was executed
Ather Energy, a leading electric two-wheeler manufacturer based in India, has announced its strategic expansion into the Sri Lankan market, marking a significant step in its international growth strategy. This move comes
Zomato has announced the closure of its intercity food delivery service, Legends, due to persistent challenges in finding a product-market fit. The decision, confirmed by Zomato’s CEO, Deepinder Goyal, marks the end
The Open Network for Digital Commerce (ONDC) is preparing to expand its financial services offerings, with plans to launch insurance and mutual fund products within the next two months. The announcement reflects
Zerodha, the prominent stock broking platform led by Nithin and Nikhil Kamath, has introduced a new ‘Privacy Mode’ on its trading website, Kite. This feature allows users to hide real-time changes in
Swiggy, the leading food delivery platform based in Bengaluru, has been valued at $11.5 billion by investor 360 One WAM, according to a recent investor presentation seen by ET. This valuation comes
The Indian government is considering allocating up to INR 40,000 crore for a new scheme aimed at boosting electronics component manufacturing within the country. This strategic move is part of a broader
Nestle SA is undergoing a significant leadership change as Mark Schneider steps down from his role as CEO after nearly eight years at the helm. The Swiss food giant has announced that
Dropbox, a cloud storage titan serving over 500 million users globally, began its journey as a modest two-person startup. Here’s a look at its remarkable rise to becoming a billion-dollar enterprise. The
The significant share acquisition aims to increase the capital of the Indian unit, aligning with Foxconn’s broader strategy of scaling up its operations beyond smartphone manufacturing. Liu highlighted the company’s ambitions to
