Arvind Internet News Today

Will back, build and buy out companies in India; focus is on investing in a small cohort of startups and own large stakes in them, says Arjun Sethi, cofounder, Tribe Capital

India Business News: Zomato has made a $2 billion acquisition offer to acquire e-commerce shipping platform Shiprocket, according to Bloomberg. If the deal goes through, i

Explaining the 3.6-fold increase in its loss, the company said that it acquired two businesses during FY23: retail software-as-a-service (SaaS) platform Omuni, from Arvind Internet, and ecommerce logistics solutions player Pickrr.

Due to its expected market size, India has excelled in the field of education and now edtech. By 2025, it is expected that the online education would be worth $5 billion.

Shiprocket was valued at around $1.2 billion with the fresh round of funding.

Launched in 2017, Shiprocket delivers packets to more than 66 million consumers annually and is growing 3 times year on year. Last month, Shiprocket acquired omnichannel commerce company Arvind Internet Limiteds technology business called Omuni for Rs 200 crore in a stock and cash deal.

Zomato-backed logistics technology platform Shiprocket on Wednesday became India's 106th unicorn after raising $33.5 million (about Rs 270 crore) in a funding round co-led by Temasek and Lightrock India.Shiprocket was valued at around $1.2 ...

Logistics technology platform Shiprocket on Tuesday said it has acquired omnichannel commerce company Arvind...