Uber launches its B2B logistics service Uber Direct in India with ONDC integration, starting in Bengaluru with grocery deliveries for Zepto and KPN Farm Fresh
The Economic Times :
Sources: Indian investment app Groww agrees to acquire wealthtech startup Fisdom in an all-cash deal, valuing Fisdom at $140M to $160M; Fisdom had raised ~$48M
The Economic Times :
Flipkart consolidates its various fintech offerings, including UPI and BNPL, under Flipkart Pay; the move follows recent expansions and a spinoff of PhonePe
The Economic Times :
Sources: Foxconn is in talks with TSMC and Japan-based TMH to build chip factories in India, days after ending its $19.5B chip and display venture with Vedanta
The Economic Times :
Sources: Foxconn is in talks with TSMC and Japan's TMH to build chip factories in India, days after its $19.5B venture with Vedanta ended
The Economic Times :
Sources: JioMart cuts 1,000+ jobs as part of a larger cost-cutting measure, which is set to include reducing the 15,000-people wholesale division by two-thirds
The Economic Times :
Report: PhonePe, one of India's largest fintech services, has called off plans to acquire BNPL service ZestMoney for $200M to $300M, over due diligence concerns
Livemint : Source: The Economic Times .
Bengaluru-based fintech unicorn Razorpay acquires Ezetap, which offers POS terminals and payments software to merchants, sources say for $150M in cash and stock
The Economic Times :
Filings: Elon Musk sold roughly $4B worth of Tesla stock in two days after agreeing to buy Twitter, at prices between $870 and $1,000 per share
The Tesla chief executive reported selling more than 4.4 million shares on Tuesday and Wednesday — Elon Musk sold roughly $4 billion worth …More:CNBC,Finbold,BBC,TheStreet,TIME,City A.M.,Benzinga,Fi...
Indian e-commerce logistics company Delhivery acquires Bengaluru-based Spoton Logistics, sources say for $300M in cash, ahead of a planned IPO
The Economic Times :