Foodtech major Zomato has made three important strategic investments worth $175 million collectively in Magicpin, Curefit and Shiprocket. Zomato will pour in $50 million for about 16% stake in Magicpin and rest in Shiprocket and Curefit.
Zomato invests $175 Mn cash in Magicpin, Curefit and Shiprocket
https://entrackr.com/2021/11/zomato-invests-175-mn-cash-in-magicpin-curefit-and-shiprocket/
#Zomato #Magicpin #Shiprocket #Curefit #startupnews #FundingNews #Entrackr #Funding #valuation #StartupFundingNews #lateststartupnews #techstartupnews
Foodtech major Zomato has made three important strategic investments worth $175 million collectively in Magicpin, Curefit and Shiprocket. Zomato will pour in $50 million for about 16% stake in Magicpin and rest in Shiprocket and Curefit.
PhonePe continues to widen its lead in the (UPI) ecosystem. The company increased its market share in October whereas its rival Google Pay saw a minor dip in the last month.
According to data released by the National Payments Corporation of India (NPCI), PhonePe has registered 1937.57 million transactions worth Rs 3,65,845.39 crore in October as compared to Google Pay’s 1451.93 million amounting to Rs 2,87,491.46 crore.
PhonePe’s UPI market share rises to 46% in Oct; WhatsApp Pay’s struggle continues
https://entrackr.com/2021/11/phonepes-upi-market-share-rises-to-46-in-oct-whatsapp-pays-struggle-continues/
#PhonePe #UPI #GooglePay #startupnews #FundingNews #Entrackr #Funding #valuation #StartupFundingNews #lateststartupnews #techstartupnews
PhonePe continues to widen its lead in the (UPI) ecosystem. The company increased its market share in October whereas its rival Google Pay saw a minor dip in the last month.
According to data released by the National Payments Corporation of India (NPCI), PhonePe has registered 1937.57 million transactions worth Rs 3,65,845.39 crore in October as compared to Google Pay’s 1451.93 million amounting to Rs 2,87,491.46 crore.
A petition has been filed in the Supreme Court today praying for social security benefits for gig employees working for companies such as Ola, Uber, Swiggy and Zomato. It also asks that the court acknowledges that these companies have breached the rights of their gig workers by restricting the manner in which they utilize their platforms.
https://entrackrnews.wordpress.com/2021/09/23/ola-uber-swiggy-zomato-workers-filed-petition-in-supreme-court-for-their-social-security-benefits/
#ola #uber #swiggy #zomato #businessnews #BusinessStartupNews #Entrackr #entrackrnews #IPOnews #lateststartupnews #startupfundingnews
A petition has been filed in the Supreme Court today praying for social security benefits for gig employees working for companies such as Ola, Uber, Swiggy and Zomato. It also asks that the court acknowledges that these companies have breached the rights of their gig workers by restricting the manner in which they utilize their platforms.
Source: Entrackr
A petition has been filed in the Supreme Court today praying for social security benefits for gig employees working for companies such as Ola, Uber, Swiggy and Zomato. It also asks that the court acknowledges that these companies have breached the rights of their gig workers by restricting the manner in which they utilize their platforms.
The petition was submitted through the Indian Federation of App-based Transportation Workers, a worker’s union that advocates for the rights of gig-workers working for companies such as Ola, Uber, Swiggy and Zomato as well as other companies.
The union in the petition claims that they fall within what is known as “unorganised people” in India’s unorganised Worker Social Welfare Security Act 2008 . They are therefore entitled to social security benefits. Since this hasn’t been the case in the past the union feels “exploited”.
“Denial the social insurance benefits to those referred to as “gig workers” as well as the “platform worker” has led to the exploitation of these workers through forced labor in accordance with Section 23 of our Constitution. The right to live is the ability to earn a living under fair and decent conditions of employment,” the plea said.
Workers who work as gigs in India have complained for years about their uncertain earnings and a poor base wage and an algorithm is said to force them to travel hundreds of kilometers every day for very little cash. All this with little or none social security benefits, like gig workers around the world.
In the year 2000, India enacted the Code on Social Security, 2020 that promises to increase benefits from social security to those who work, but is not yet in place.
It also said that platforms have total control over how users are able to use their apps, even claiming that the relationship is only supposed to consist between “partners”.
“The simple fact that employers label their own “aggregators” and have entered into”partnership” agreements, doesn’t negate the reality that there is an official relationship between employer and employee, master and servant as well as worker in the sense of the law,” the petition said.
The petition has been resolved with the Senior Advocates Indira Jaising as well as Gayatri Sing. The petition was filed by Advocate-on-Record Nupur Kumar.
Freshworks Inc. is planning to raise nearly $1 billion through a public listing in the US at a valuation of almost $9 billion, which will make it one of the most valuable software-as-a-service (SaaS) startups from India.
Pine Labs, a merchant platform company, may go public sooner than anticipated. According to regulatory filings, the company passed a resolution to make its Singapore-based holding company public.
https://entrackrnews000.blogspot.com/2021/09/Latest-Startup-IPO-News-Freshworks-and-Pine-Labs.html
#businessnews #BusinessStartupNews #Entrackr #entrackrnews #IPOnews #lateststartupnews #startupfundingnews #freshworks #pinelabs
Freshworks Inc. is planning to raise nearly $1 billion through a public listing in the US at a valuation of almost $9 billion, which will make it one of the most valuable software-as-a-service (SaaS) startups from India.
Pine Labs, a merchant platform company, may go public sooner than anticipated. According to regulatory filings, the company passed a resolution to make its Singapore-based holding company public.
1. Stocks of four IPOs recently listed fall before anchor lock-in expiry
2. BoAt is planning an IPO and estimates a valuation of almost $1.4 bn
3. India is looking for foreign institutional investment up to 20% in LIC IPO
4. Sansera Engineering IPO will open Sept 14
5. Paytm appoints business heads prior to IPO
Latest IPO News
https://entrackrnews000.blogspot.com/2021/09/latest-ipo-news.html
#businessnews #BusinessStartupNews #Entrackr #entrackrnews #IPOnews #lateststartupnews #PaytmLatestNews #paytmnews #startupfundingnews
1. Stocks of four IPOs recently listed fall before anchor lock-in expiry
2. BoAt is planning an IPO and estimates a valuation of almost $1.4 bn
3. India is looking for foreign institutional investment up to 20% in LIC IPO
4. Sansera Engineering IPO will open Sept 14
5. Paytm appoints business heads prior to IPO
Twitter has appointed Shahin Komath, a former Bytedance employee, as its permanent nodal contact person, a key requirement under the new IT Rules which was yet unfulfilled by the company, said two sources directly aware of the development.
https://entrackr.com/2021/08/twitter-appoints-ex-bytedance-exec-to-liaison-with-indian-law-enforcement/
#LIAISON #TWITTER #Bytedance #startupnews #lateststartupnews #fundingnews #startup #latestfundingnews #entrackr #entrackrnews
Twitter has appointed Shahin Komath, a former Bytedance employee, as its permanent nodal contact person, a key requirement under the new IT Rules which was yet unfulfilled by the company, said two sources directly aware of the development.
In a huge win for Amazon and an equally significant setback for Reliance, the Supreme Court on Friday ruled in favour of Amazon’s efforts to halt the Rs 24,713 crore deal between Reliance and the Future Group. The decision adds another chapter to what is promising to become a battle of billionaires that has not been seen before in India’s retail landscape.
https://entrackr.com/2021/08/in-big-win-for-amazon-sc-rules-against-reliance-future-deal/
#AMAZON #FUTUREGROUP #RELIANCE #startupnews #lateststartupnews #fundingnews #startup #latestfundingnews #entrackr #entrackrnews
In a huge win for Amazon and an equally significant setback for Reliance, the Supreme Court on Friday ruled in favour of Amazon’s efforts to halt the Rs 24,713 crore deal between Reliance and the Future Group. The decision adds another chapter to what is promising to become a battle of billionaires that has not been seen before in India’s retail landscape.
Byju’s has emerged as the most prolific acquirer in the Indian startup ecosystem in the past year. It had already acquired seven companies in 2021 and is in talks to take over another one. According to two Entrackr sources, India’s most valued startup is now in talks with Vedantu for a potential acquisition.
https://entrackr.com/2021/08/exclusive-byjus-in-talks-to-acquire-vedantu-for-800-mn/
#startupnews #lateststartupnews #fundingnews #startup #latestfundingnews #entrackr #entrackrnews #byjus #vedantu #byjusnews
Byju’s has emerged as the most prolific acquirer in the Indian startup ecosystem in the past year. It had already acquired seven companies in 2021 and is in talks to take over another one. According to two Entrackr sources, India’s most valued startup is now in talks with Vedantu for a potential acquisition.