B2B MARKETPLACE
Zoho forays into payments space; launches payment gateway for businesses
Zoho Payments as a payment aggregator has been registered as a Bharat Bill Payment Operating Unit (BBPOU) with NBBL, enabling it to onboard buyers and sellers on the BBPS network and facilitate B2B Payments. Zoho Payments also provides businesses with the flexibility to accept and send payments through multiple modes like NEFT, RTGS, IMPS, UPI, cards and netbanking.
Will appoint special prosecutor to conduct trial in 2015 cash-for-vote scam case: SC on case involving Telangana CM A Revanth Reddy
The Supreme Court announced plans to appoint a special prosecutor for the 2015 cash-for-vote scam case involving Telangana Chief Minister A Revanth Reddy. The decision comes amid concerns about a fair trial, given that Reddy holds the most crucial seat in the state. The case involves alleged bribery during the state legislative council elections.
Green Card Gridlock: A visa fix for children of H-1B workers at risk of deportation
America's reputation as a land of freedom attracts millions of immigrants, including those who come on H1B visas for skilled professionals. In 2023, over 440,000 H1B visas were approved, with a significant number going to Indians. However, many adult children of H1B visa holders face deportation risks as they turn 21 and lose their dependent status, with around 250,000 at risk.
Big B’s family office picks up small stake in Swiggy
As the quick commerce sector continues to gather steam, it is attracting wealthy individuals as investors. Bollywood superstar Amitabh Bachchan's family office has picked up a stake in small stake in IPO-bound Swiggy. Also, Motilal Oswal Financial Services chairman Raamdeo Agrawal has acquired a stake in Swiggy as well as Zepto.
Amazon in q-comm queue; Big B’s Swiggy stake
Happy Wednesday! Amazon India is gearing up to enter the quick commerce space independently, sources tell us. This and more in today’s ETtech Morning Dispatch.
Leo Capital closes first €25 million Nordic Fund; to invest in about 25 B2B tech startups
The funds raised from Business Finland Venture Capital and existing and new investors will be channelised to Nordic startups from the pre-seed stage onwards. The capital has primarily been raised from Business Finland Venture Capital and a range of returning and new investors from across the globe.
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Mytek Innovations aims to raise $10 million, treble order book of Rs 729 cr by FY25
Infratech firm Mytek Innovations is seeking to raise $10 million to leverage favorable market conditions and expand its order pipeline. The company aims to increase its order book from Rs251 crore in FY24 to Rs729 crore by FY25, targeting revenues of Rs320 crore for this fiscal year.
Chiranjeevi’s blockbuster ‘Indra’ to have a sequel. What we know so far
To mark the megastar's 69th birthday, the producers of ‘Indra’ decided to re-release the film in theaters. As anticipated, Chiranjeevi’s fans responded with great enthusiasm. In honor of this special event, the creators of ‘Indra’—including producer Ashwini Dutt, director B. Gopal, writers Paruchuri Brothers, and Chinni Krishna—gathered to celebrate with the superstar.
Here's how the US Navy’s AIM-174B missile aims to shift air supremacy away from China in the Indo-Pacific
The US Navy’s deployment of the AIM-174B missile marks a pivotal moment in the Indo-Pacific power dynamics, directly challenging China’s military advancements. With a range of 400 kilometers and a speed of Mach 3.5, the AIM-174B represents a revival of Cold War-era strategies, aimed at maintaining US dominance in the region. This new missile reflects the broader geopolitical struggle between the US and China, particularly as tensions over Taiwan and the South China Sea continue to escalate.
No irregularity in govt clearing sale of 3,666 acres to JSW Steel: Karnataka minister
Karnataka Minister M B Patil assured there was no irregularity in transferring 3,666 acres to Jindal Steel, following a High Court directive. The Cabinet's decision implemented a 2021 order from the previous BJP government. JSW Steel will acquire the land at rates between Rs 1.22 lakh and Rs 1.50 lakh per acre.
Little talked but not little business: 7 stocks of companies which supply raw material to many industries with an upside potential of up to 40%
As one after another more sectors get tailwinds of higher economic growth, there are many small and medium size companies making a comeback. A comeback on the front of real business and not only the stock market. A number of them are not names which are heard on the street every day, just because of the fact that they don't deal in consumer facing goods. So a company making graphite electrodes , abrasive or supplier of electromineral will not come to mind when it comes to performers in this bull run. Though it is a different thing that these companies have given decent returns in the current bull run.
52% of MSME B2B payments overdue for 90+ days in major Indian cities: Recordent survey
As per the report, Mumbai demonstrated a much better payment behaviour with 29% of payments overdue for more than 90 days.
Saraswati Saree shares hit 5% upper circuit post strong listing
Saraswati Saree Depot's shares rose 5% to Rs 209.95 on their debut day, following a strong IPO subscription of over 107 times. The company, known for its sarees business, reported revenue of Rs 610 crore in fiscal 2024. Investors are advised to hold shares for medium to long-term growth prospects.
Pakistan confirms mpox case is not new strain
Health officials confirmed that a 34-year-old Pakistan man diagnosed with mpox was infected with Clade 2b, not the new Clade 1b strain spreading in Africa. The World Health Organization has declared Clade 1b's rapid spread in Africa a public health emergency. Sweden also recorded its first Clade 1b case outside Africa.
Kolkata is your best bet to get a US tourist visa quickly
The Kolkata consulate provides the fastest U.S. visa processing with a wait time of just 24 days, in stark contrast to other consulates where delays reach up to 477 days. Despite significant efforts over the past year to manage visa wait times, including processing a record 1.4 million visas for Indians and reducing appointment waits by 75 per cent, challenges remain.
Will maintain 10% growth in unique business inquiries: Dinesh Agarwal, IndiaMART
So, it is our constant endeavour to increase the relevancy as well as decrease the competition on the platform. So, we continue to tweak the algorithms in a manner so that everybody gets the fair share.
Pilot study to improve viability of Fair Price Shops in 4 cities underway: Government
A pilot study in India is underway to enhance 60 fair price shops in four cities through partnerships with SIDBI and B2B online wholesale aggregators for working capital and nutritional products. The government is encouraging additional services at fair price shops, including CSC functionalities, banking partnerships, and retail sale of small LPG cylinders. Capacity-building programs are being explored for fair price shop owners, with operational guidelines outlined for transparency and security enhancements.
AI-powered beauty platform Honestly raises Rs 3.2 crore in funding led by Better Capital
AI-powered platform Honestly, which focuses on beauty and personal care, has raised a pre-seed funding of Rs 3.2 crore led by Better Capital. The company will use the fresh capital for the initial product launch and determine signs of product-market fit.
Consumer lighting startup Corvi LED raises $8 million from Enam Investments
Corvi LED will use the funds to scale up operations and make substantial investments in marketing and distribution to strengthen its presence in the business-to-consumer (B2C) and business-to-business (B2B) segments. Founded in 2012, Corvi said it has disrupted the industry with innovations that have redefined the category.
Plan B Season 2: See release date, where to watch, trailer, cast and characters
Season 2 of Plan B follows Montreal police officer Mia Coleman as she uses a time-travel agency to prevent a tragic event. This leads to unforeseen complications as she navigates the consequences of altering the past.
Iconic restaurant chain Adyar Ananda Bhavan looks to tap PE funds to raise ₹1,000-1,200 cr
The Chennai-based QSR brand, famous for southern cuisine, is eyeing a valuation of about ₹3,500 crore, people aware of the development told ET. Veda Corporate Advisors will advise A2B in its fundraising process, which is part of a drive to professionalise the family-run business, the people said.
ETtech Exclusive: Medtech firm Medikabazaar rejigs top deck; PwC audit spots issues
Medikabazaar undergoes management reshuffle with CEO stepping down amid financial discrepancies. Investors demand audits and CEO transitions become a trend in B2B startups. Scrutiny reveals wrong accounting practices in the industry.
Financial audit, top-deck rejig at Medikabazaar; GCCs woo more techies
A financial audit and top-level reshuffle are in the works at business-to-business (B2B) startup for medical supplies Medikabazaar. Details on this and more in today’s ETtech Morning Dispatch.
Centriti raises Rs 6 crore in funding round led by Emergent India Ventures
The B2B e-procurement platform works with 120 hotels and restaurants, including Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point in Delhi, Bengaluru, and Jaipur. It plans to expand to Goa, Hyderabad, Kochi, and Chennai in the next couple of years.
15 places to buy Amazon liquidation pallets in the USA
Discover reputable companies offering Amazon liquidation pallets with a wide range of products at competitive rates. From electronics to household essentials, these top 15 companies provide quality goods for wholesalers, retailers, and bargain hunters.
SaaS startup Rocketlane raises $24 million in funding
B2B SaaS startup Rocketlane has raised $24 million in funding led by 8VC, Matrix Partners India and Nexus Venture Partners. The company will use the funds to launch new products, innovate its customer portal, and accelerate its AI plans, it said in a statement. Rocketlane has so far raised $45 million in funding.
B2B fashion platform Zyod raises $18 million in funding
Zyod's equity funding round was led by venture firm RTP Global, while the debt capital came from Stride Ventures, Trifecta Capital and Alteria Capital. In April last year, Zyod had raised $3.5 million in a funding round led by Lightspeed Venture.
B2B marketplace ReshaMandi fires 80% of workforce amid fund crunch
The B2B marketplace focused on silk products failed to secure Series B funding. Laden with over Rs 300 crore debt, it is facing court cases and may also be taken to insolvency court.
EV marketplace-financing startup Turno raises $6 million from BII, others
Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, Bengaluru-based Turno provides financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) electric vehicles.
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