Swiggy Said to Have Initiated Talks for IPO Plans, Eyes Stock Listing in 2024

[ad_1] Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also groceries, was valued at … Read more

Amazon to Help Indian Customers Exchange Rs. 2,000 Note via Amazon Pay Wallet: Here’s How

[ad_1] Amazon customers can now use their Rs. 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency.  Customers can deposit cash of up to Rs. 50,000 per month, including notes of Rs. 2,000 denomination, Amazon said. The cash … Read more

Amazon to Help Indian Customers Exchange Rs. 2,000 Note via Amazon Pay Wallet: Here’s How

[ad_1] Amazon said on Wednesday it will collect soon-to-be-withdrawn Rs. 2,000 rupee notes from customers in India and credit them to online wallets to help people struggling with the exchange process. India’s central bank (RBI) decided last month to withdraw the largest denomination notes from circulation, asking people to deposit or exchange them at banks … 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