Zomato co-founder Gaurav Gupta resignation comes as a surprise

The intimation for the same was made by Gaurav through an email to Company employees. Zomato founder and CEO Deepinder Goyal confirmed it on twitter. Reason mentioned – “taking a new turn in life and start a new chapter” Key points to note – Gaurav had joined Zomato only 6 years ago in 2015 and … Read more

Amazon To Open Brick And Mortar Shops

Online retail giant Amazon.com Inc. (AMZN) is planning to get back into brick and mortar shops as the company is looking to open large departmental store-like facilities, reported WSJ on Thursday. The stores are expected to follow the concept of the in-business departmental store brands like Macy’s Bloomingdale’s Inc. and Nordstrom Inc., but will be … Read more

Supreme Court says CCI probe against Amazon, Flipkart will continue

The Supreme Court on Monday said an antitrust investigation into business practices of Amazon.com Inc and Walmart’s Flipkart must continue, rejecting demands of the two e-commerce giants to put them on hold. The Competition Commission of India (CCI) ordered the investigation in 2020 against the companies for allegedly promoting select sellers on their e-commerce platforms … Read more

SC rules in favour of Amazon against Future-Reliance merger deal

The Supreme Court on Friday ruled in favour of e-commerce giant Amazon against the proposed ₹24,713-crore merger deal between Future Retail Limited (FRL)and Reliance Retail. A Bench of Justices Rohinton F. Nariman and B.R. Gavai upheld the validity and enforceability of a Singapore-based Emergency Arbitrator (EA) award, which restrained Future Retail Limited (FRL), India’s second … Read more

Nykaa IPO: first profitable unicorn, led by women, to tap public markets

India’s first women led profitable unicorn startup is going in for its initial public offering. Nykaa, the online beauty aggregator is looking to raise Rs 525 crore via fresh equity issuance. According to media reports the company intends to raise a total of Rs 4,000 crore. According to the company’s draft red herring proposal (DRHP) … Read more