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Brands Companies E-commerce & Marketplaces Food & Beverage. News

Swiggy Disburses Over Rs 450 Cr In Loans To Restaurant Partners

Swiggy, the online food delivery platform, announced on Tuesday that it has facilitated the disbursal of over Rs 450 crore in loans to more than 8,000 restaurant owners through its capital assist programme. Launched in 2017, this pioneering initiative addresses the financing gap and empowers restaurant owners. According to the company’s statement, over 8,000 restaurants […]

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Brands Companies News

Ola Electric To File IPO Papers By End-October, Targeting Valuation of Up To $700 Mn

India’s Ola Electric plans to file regulatory papers for its up to USD 700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was valued at USD 5.4 billion in a recent […]

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Events News

TiE Delhi-NCR Hosts India Internet Day 2023, Exploring Potential of AI For India’s Growth

TiE Delhi-NCR, an organization fostering entrepreneurship nationally, hosted the Delhi leg of its flagship event- India Internet Day (iDay), bringing together the brightest minds of the tech industry. This was close on the heels of the launch of the flagship event in Bengaluru in partnership with TiE Bangalore on 24 August. The 12th edition of […]

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E-commerce & Marketplaces News

Flipkart Announces $700 Mn ESOP Cash Payout For Employees

Flipkart has initiated a cash payout amounting to USD 700 million as compensation to its employees following the separation of PhonePe, marking the largest one-time cash payout in the history of Indian startups. CEO Kalyan Krishnamurthy stated in an internal email that each vested ESOP (Employee Stock Ownership Plan) would receive USD 43.67 as compensation, […]

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News

GCPL To Invest Rs 100 Cr In Early-Stage Indian Consumer Startups

Godrej Consumer Products Limited (GCPL) today announced that it will be investing Rs 100 Crore in Early Spring, a new Rs 300 Crore early-stage consumer fund being set up by Spring Marketing Capital (Spring). GCPL will anchor the fund in addition to offering its expertise and experience to help founders build strong, sustainable companies. Momin-Interview […]

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