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Enforcement Directorate raids pan-India offices of E-commerce giants Amazon, Flipkart
Business · India

Enforcement Directorate raids pan-India offices of E-commerce giants Amazon, Flipkart

50% Left coverage: 4 sources
India's Enforcement Directorate (ED) on Thursday (Nov 7) launched a crackdown on the vendors operating on e-commerce giants like Amazon and Flipkart as part of a Foreign Exchange Management Act (FEMA) investigation, according to media reports citing official sources.  The ED conducted raids on at least 15 to 16 locations belonging to these vendors, the sources told Hindustan Times.See the Story
Swiggy IPO nets $606 million from institutional investors
Business · India

Swiggy IPO nets $606 million from institutional investors

34% Center coverage: 3 sources
Swiggy has raised around $606 million from a set of over 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week. The Bengaluru-based startup, which is seeking an $11.3 billion valuation in the […] © 2024 TechCrunch. All rights reserved. For personal use only.See the Story
Beyoung targets up to Rs 350 cr by the end of FY25 - India Retailing
Fashion · Rajasthan

Beyoung targets up to Rs 350 cr by the end of FY25 - India Retailing

The online fashion brand has achieved Rs 200 crore in annual recurring revenue for FY 2023-24 Udaipur-based D2C fashion brand Beyoung has emerged as a go-to destination for affordable everyday fashion. The retailer’s product range includes plain t-shirts, joggers, cargo pants, and urban shirts, for men’s and women’s fashion wear in the price range of Rs 400 to Rs 1,500 on average. Founded in 2018 in Udaipur, Rajasthan, Beyoung started as a ventu…See the Story

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