First phase of festive ecommerce sales witnesses 5.4X growth in daily sales

As the first phase of ecommerce festive sales comes to an end, ecommerce platforms reported nearly 5.4X growth in their overall daily sales. Ecommerce shipment volumes also grew 3X over…

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Prosus says it will terminate its $4.7 billion acquisition of Billdesk

Prosus, previously Naspers said it had terminated its much-awaited acquisition of Billdesk for $4.7 billion, a deal which would have been the second-largest buyout in the Indian internet sector. As…

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Global Neobank platform Vance raises $5.8M in seed round led by Hummingbird Ventures

Global neo-banking platform Vance has raised $5.8 million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned…

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Freecharge’s Merchant Cash Advance aims to build trust in the MSME lending space

The Micro, Small, and Medium Enterprises (MSME) sector in India has had a rough couple of years. Rising inflation, spike in raw material costs, restricted access to formal banking capital,…

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‘The post-pandemic acceleration in the business ecosystem is remarkable’ – 15 quotes from India’s pandemic journey

Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous edition here). This special series of…

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