Zepto Becomes First Indian Unicorn in Nearly a Year, Raises $200 Million in Funding

[ad_1] Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year. Zepto said it raised the funds “in … Read more

EV Battery Swapping Firm Gogoro Announces Electric Scooter Partnership With Swiggy for Last-Mile Delivery

[ad_1] Electric vehicle battery-swapping solutions provider Gogoro on Thursday announced a partnership with Swiggy to promote its electric Smartscooters to last-mile delivery partners of the on-demand convenience delivery platform across India. Gogoro and Swiggy will provide a seamless path for riders to adopt sustainable electric transportation and improve their business efficiency, Gogoro Founder and CEO … Read more

Yulu Plans to Expand Operations in India and Abroad, Expects to Turn Profitable

[ad_1] E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata and Ahmedabad over the … Read more

Government Asks E-Commerce Firms to Create Framework Against Dark Patterns: Consumer Affairs Secretary

[ad_1] The government has taken a serious note of ‘dark patterns’ and asked e-commerce firms to create a self-regulatory framework to stop such practices, Consumer Affairs Secretary Rohit Singh on Tuesday said. The e-commerce sector has the largest contribution to dark patterns, and the framework will be created in the next two months, Singh told … Read more