Ola Cabs CEO quits; Elon Musk scores big win in China
Just three months after joining the ride-hailing firm, Ola Cabs CEO Hemant Bakshi has called it quits. Details on this and more in todays ETtech Top 5.
Source: indiatimes.com
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Lenskart's $200-million secondary; Wipro's Delaporte's golden handshake
Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.
Source: indiatimes.com
PhonePe: PhonePe's Pincode exits non-food categories in ecommerce business rejig
PhonePe is restructuring its ONDC strategy by exiting several non-food categories. The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network.
Source: indiatimes.com
PhonePe's Pincode will only sell food and grocery via ONDC, exits fashion and electronics categories
PhonePe, however, will continue to operate in the travel ticketing segment on ONDC through its main app.
Source: moneycontrol.com
PhonePe rejigs ecommerce strategy; Good Glamm vs investor battle heats up
PhonePe has returned to the drawing board to review its ecommerce strategy. This and more in todays ETtech Top 5.
Source: indiatimes.com