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Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued at nearly $7 billion, PitchBook data shows. After posting losses ...
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Source: Reuters
7/08/2023 12:25:34 PM
PayU sells its GPO biz to Rapyd for $610 mn, sets eyes on India Global investment group Prosus on Tuesday said that Rapyd, a leading Fintech-as-a-Service provider, is acquiring its digital payments business PayU's Global Payments Organisation (GPO) for $610 million in an all-cash deal. The transaction, said the company, will enable PayU to focus on the large payments and fintech opportunity in India, where it is the leading payments provider, serving more than 450,000 merchants and over 2 million credit customers. PayU's GPO business provide...
PayU sells its GPO biz to Rapyd for $610 mn, sets eyes on India
PayU sells its GPO biz to Rapyd for $610 mn, sets eyes on India
Source: IANS
1/08/2023 12:55:50 PM
Hyperscaling in turbulent times: A BCG Times Bridge TiE Delhi NCR New Delhi Boston Consulting Group (BCG in association with Times Bridge and the Delhi Chapter of The Indus Entrepreneurs (TiE Delhi-NCR) today, unveiled a report titled, ‘Road to Hyperscaling in India’. The entrepreneurship and startup landscape in India has witnessed breakout growth over the last few years, transforming India into the third largest startup ecosystem in the world, just behind USA and China. Last few years witnessed the rise of 100+ unicorns – a ...
Hyperscaling in turbulent times: A BCG Times Bridge TiE Delhi NCR
Hyperscaling in turbulent times: A BCG Times Bridge TiE Delhi NCR
Source: P R Agency
18/03/2023 3:09:27 PM
Government, e-commerce platform join hands for marketing of SHGs' products The Rural Development Ministry has partnered with e-commerce platform Meesho on Thursday for marketing of products made by the Self Help Groups (SHGs). Union Minister for Rural Development and Panchayati Raj, Giriraj Singh, on Thursday asserted that the target of Prime Minister Narendra Modi to have 10 crore SHG members by 2024 will be achieved as the Ministry is working on a pro-active mode to enroll new women Sakhis (members). The Minister said this while speaking after the signing of...
Government, e-commerce platform join hands for marketing of SHGs' products
Government, e-commerce platform join hands for marketing of SHGs' products
Source: IANS
17/02/2023 9:21:13 AM
India sees Rs 24,000 cr worth online festive sales in 4 days, mobiles lead Led by mobiles, e-commerce platforms in India clocked over Rs 24,500 crore (nearly $3.5 billion) in the first four days of the festive sales that began from September 22, signalling a better-than-anticipated kickoff to the festive season this year, a report showed on Tuesday. Nearly 55 million shoppers made online purchases during the first four days as overall daily average gross merchandise value (GMV) rose to 5.4 times, according to Redseer Strategy Consultant. "We had earlier p...
India sees Rs 24,000 cr worth online festive sales in 4 days, mobiles lead
India sees Rs 24,000 cr worth online festive sales in 4 days, mobiles lead
Source: IANS
28/09/2022 9:52:19 AM
Meesho shutters Superstore grocery biz in India, 300 `lose` jobs Homegrown social commerce platform Meesho has reportedly shut down its grocery business called Superstore in more than 90 per cent of cities in India (except Nagpur and Mysuru), resulting in several job losses. According to an Inc42 report, nearly 300 employees have lost jobs after the shuttering of Meesho Superstore. When reached, the company did not comment on the development. In April, Meesho rebranded Farmiso to Superstore, with an aim to highlight its continued focus to fulfill ...
Meesho shutters Superstore grocery biz in India, 300 `lose` jobs
Meesho shutters Superstore grocery biz in India, 300 `lose` jobs
Source: IANS
27/08/2022 11:10:58 AM
EdTech firm Utkarsh Classes to drivepan-India hybrid education system Toofferboth offline and online learning experiencesfor students, Utkarsh Classes & Edutech today, announced plans to bolster itshybrid education system. In this regard, the company recently inaugurated its 17 thofflinecentre in Jodhpur, Rajasthan. The centre will cater to those looking to join the armed forces and appear for defenseexams, including the Combined Defence Services (CDS) examination, Air Force Common Admission Test (AFCAT), National Defence Academy and Naval Academy Examin...
EdTech firm Utkarsh Classes to drivepan-India hybrid education system
EdTech firm Utkarsh Classes to drivepan-India hybrid education system
Source: PR Agency
27/07/2022 2:54:58 PM