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.
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.”
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.
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.
