Swiggy acqui-hires start-up 48East to strengthen its new supply business

Swiggy acqui-hires 48East

Latest News – Food ordering and delivery platform Swiggy today announced that it has acqui-hired city -based gourmet Asian food startup 48East.

48East is founded by Joseph Cherian and Nabhojit Ghosh, who will now join Swiggy’s New Supply business line, the company said in a release.

Swiggy said as COO of the New Supply business line, Cherian’s expertise in the food (Read More)

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Though still far behind, MobiKwik says will close gap with Paytm in users

MobiKwik

Latest News – Digital wallet owner MobiKwik claims it is confident of closing the gap with segment leader Paytm in user base fairly soon.

However, with Paytm’s 280 million users, MobiKwik has to more than double its own, from the current 100 mn.

“In the past three months, we have struck a few strategic partnerships — with BSNL, IndusInd Bank, IDFC Bank and Bajaj Finance — and are using their customer base to grow. The gap (with Paytm) is definitely narrowing. I believe we (Read More)

Ola ties up with L&T Hyderabad Metro Limited

Ola

Latest News – Indian cab hailing company Ola has announced a strategic partnership with L&T (Hyderabad) Metro Rail Limited to provide its integrated service, including Ola Money, to the metro rail passengers.The partnership will also enable on-ground integration as commuters will be able to book a cab with the assistance of Ola representatives stationed at Ola kiosks within the stations’ premises.

“The Hyderabad Metro project will add muscle to the city’s transportation infrastructure and we are proud to lend our support by integrating our various services on-line as well as on-ground. Over the last year, we have been integrating our smart mobility (Read More)

Flipkart completes buyback of ESOPs worth $100 mn

Flipkart

Latest News – India’s largest e-commerce marketplace Flipkart on Wednesday said it has completed the $100-million buyback of employee stock options (ESOPs), making it the largest share buyback programme by an unlisted company in the country.

The programme allowed over 3,000 current and former employees of Flipkart as well as subsidiaries Myntra, Jabong and PhonePe to sell a percentage of their stock options. This is the fourth and largest share buyback Flipkart has (Read More)