Ola to scale down Ola Foods, some cloud kitchen brands to integrate with Ola Dash

In 2015, Ola made its first venture into the food delivery business with Ola Cafe, its 20-minute food delivery service. However, it did not take off and was soon shut down.

Amazon launches Smart Commerce to digitise small stores across India

Amazon’s goals for India have been well on pace for timely completion. India has already accounted for $5 Billion in exports via Amazon, and is on pace to reach $20 billion by the year 2025.

Jungle Ventures announces final close of oversubscribed Fund IV at $600 million

With several early-stage focus VC firms such as Chiratae Ventures, Stellaris, WaterBridge…

Musk puts Twitter deal on hold until CEO Agrawal shows proof of twitter spam being <5%

Musk tweeted “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s SEC filings being accurate.”

Following subscriber loss, Netflix could soon roll out live-streaming

Netflix is going live. The subscription streaming service and production company is…

Bot debate: Elon Musk says taking Twitter private at a lower price is not out of question

Is Musk getting cold feet ahead of the billion-dollar acquisition of Twitter?…

Tesla to recall 1,07,293 made in China Model 3 and Model Y cars

Chinese market regulatory agency has informed that Elon Musk’s Tesla will be…

Musk says he has been accused by Twitter legal team of violating NDA

Elon Musk and Twitter. These are words that seldom come together without…

SpaceX’s Starlink service is now available in 32 countries: Report

Starlink is an ambitious move by SpaceX (and Musk), and it promises…

Elon Musk says Twitter takeover deal on hold over potentially fudged user numbers

As the northern hemisphere prepares to reel into comforts of summer, Twitter…

SoftBank hits new low, logs record loss as tech shares plummet, Vision Fund bets falter

SoftBank has failed to hit the spot on 32 out the 34 total companies on their portfolio, including major ones such as Grab and recently IPOed Paytm.

Google I/O 2022: Maps gets “Immersive View,” Auto Summary comes to Google Docs, and more

At this year’s I/O 2022, Google unveiled a slew of software upgrades, including some critical ones on Google Maps, Google Chat, Youtube, Chrome and much more.

“Informal pressure” from RBI caused trading to halt: Coinbase CEO Brian Armstrong

Despite early setback, Coinbase CEO Brian Armstrong wants to continue with the advance in Indian demographic, even if it isn’t the most profitable decision for the company.

Ahead of its IPO, Delhivery lands ₹2,347 crore from 64 anchor investors

75% of the Delhivery IPO issue has been reserved for qualified institutional investors, 15% has been reserved for non-institutional investors, and the remaining 10% for retail investors.

Razorpay’s announces $75Mn fresh secondary share sale, its biggest ESOP buyback to date, Lightspeed, Moore Ventures participate

Fintech unicorn Razorpay has announced its latest secondary share sale. And at…

Regulatory probe finds faulty battery cells and modules likely cause of e-scooter fires: Report

Govt’s initial assessment says faulty battery cells and modules were most likely behind scooters from Ola, Okinawa and others catching fire on their own. 

Meta adopts hiring freeze to cut costs as revenue growth slows

The ones who hold positions in Meta as of now reportedly do not need to be worried, as Meta has not yet announced any plans for layoffs in the near future.

Shopify to acquire logistics company Deliverr for $2.1Bn in cash & stock deal

The five-year-old Deliverr, founded by former Symphony Commerce colleagues Harish Abbott and Michael Krakaris, has raised over $490 million in capital so far.

Elon Musk could make Twitter public again, in a few years: WSJ report

Elon’s intentions point to the classic practice of private equity firms. They takeover companies with high potential, facing problems within, and try to clean it up before taking it back to public trading.