An Amazon spokesperson, however, clarified that this does not mean that recruitment is stopping. According to the Business Insider these changes affect only corporate staff in Amazon’s retail division, not warehouse workers or those in the company’s cloud division, Amazon Web Services.
This is the first investment by the VC arm of Wipro Consumer Care & Lighting—part of the Azim Premji-led Wipro group—in the pet food space. This is also the 15th investment by this Rs 200 crore fund.
Medibuddy was founded by IIT Madras alumni Satish Kannan and Enbasekar Dinadayalane. Its shareholders include a Liechtenstein royal family fund and Quadria Capital, among others. The fund raise has attracted prominent Indian and global private equity firms, as per those familiar with the matter. The health tech firm matches patients with doctors, hospitals and diagnostic service providers.
Despite ongoing losses, Morgan Stanley is optimistic about Swiggy's quick commerce venture, Instamart, citing a significant rise in gross order value. The brokerage firm anticipates Swiggy's strong financial position will enable it to withstand competition and maintain market share. They also project substantial growth in the quick commerce market by 2030, benefiting companies with existing infrastructure investments.
The push towards rapid delivery began with quick commerce platforms like Zepto, Swiggy Instamart and Blinkit expanding the categories of products they deliver. These platforms, which were initially focusing on grocery delivery, partnered with brands like Jockey, Manyavar, Puma and Adidas to offer apparel and accessories, although limited to essentials such as innerwear, socks, gym wear, basic tees and track pants.
India's top ecommerce firms like Amazon, Flipkart, and Meesho are internalising logistics, squeezing third-party logistics (3PL) providers and driving industry consolidation. Meesho's shift to its logistics arm Valmo impacts players like Delhivery, which acquired Ecom Express to stay competitive. As pricing pressure eases and Meesho's outsourcing plateaus, Delhivery eyes growth and improved margins in FY26.
The round was led by 360 ONE Asset, with participation from existing investors IvyCap Ventures and SWC global, along with Ravi Modi Family Office (founder of Manyavar) and other angel investors, who joined in this round.
Babita Bharati, who worked as a freelance copywriter for Good Glamm’s portfolio brand The Moms Co in March and April, took to LinkedIn to share screenshots alleging she is yet to receive her full payment of Rs 18,100. “They are waiting for investor funding to clear dues. It just shows how bad things are. Every time I emailed someone, they had already left the company—even my point of contact,” she told ET.
Malaysia's expertise in assembly, testing, marking and packaging (ATMP) along with its mature ecosystem, abundant skilled workforce, robust supply chain and government support make it a preferred destination, according to analysts. Also, the Malaysian government’s National Semiconductor Strategy, announced in May 2024, offers a significant incentive structure to attract investments.
As the food delivery market cools, Swiggy is turning to quick meals, affordable combos, and deeper city penetration to stoke demand. In an exclusive interview with ET, Swiggy’s food marketplace CEO Rohit Kapoor said growth will come from low-frequency users and category innovation — not from city expansion.
Pepperfry has secured Rs 43.3 crore in funding from existing investors like Norwest Venture Partners and Goldman Sachs. This infusion follows a previous $23 million round in 2022. While revenue declined in FY24, the company has narrowed its losses and postponed its IPO plans, focusing on growth and profitability amidst competition from major ecommerce players.
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