JM Financial

Rohit Kapoor, chief executive of Swiggy's food delivery business, said he had shifted his focus back to growth over the past few months, instead of profitability, which is what he’d chased since joining the firm nearly a year ago. He said…

Drone maker ideaForge Technology on Friday said it has mobilised Rs 255 crore from anchor investors ahead of its initial share sale that opens for public subscription on Monday. The company has allocated 37.93 lakh equity shares to 31 funds…

Startups are once again at odds with the Internet and Mobile Association of India (IAMAI) over the latter’s stance on the digital competition bill. The latest in this feud and more in today’s ETtech Morning Dispatch.Also in the letter:■…

Restaurants get nearly a third of their revenues from food delivery aggregators Zomato and Swiggy despite about 75% of them having direct ordering channels such as own app and website, social media connects, or direct tele calling to…

Analytics & AI solutions company, Course5 Intelligence, has announced that they have successfully completed their round of funding of $53 million with second close led by Nuvama Crossover Series of funds, managed by Nuvama Asset…

Food and grocery delivery platform Zomato’s chief financial officer Akshant Goyal said it continues to watch the progress on the Open Network for Digital Commerce (ONDC) front closely and “learn from it”. The commentary comes on the back of…

The Open Network for Digital Commerce (ONDC) plans to levy two kinds of fees to meet its costs in the long run, the non-profit company’s chief business officer Shireesh Joshi said. While Joshi did not detail a timeline for when the fees…

Despite an ongoing legal tussle with startup body Alliance of Digital India Foundation, Google has asked Indian app developers to adopt one of its three billing options, failing which it warned that apps may be removed from the Play Store.…

Investment banking firm JM Financial in a report said that the government’s Open Network for Digital Commerce (ONDC), in its current shape and form, is nowhere close to disrupting the online food delivery industry, dominated by Zomato and…

American investment management firm Tiger Global Management sold 1.7% stake in Delhivery Ltd through the open market on Wednesday for Rs 414 crore.Venture capital firm Internet Fund III Pte, through which Tiger Global, holds a stake in the…