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3 weeks ago | 
startuptalky.com | Saksham Mishra |Muskaan Kapoor |Apoorva Bajj |Varun Bhardwaj
For a long time now, India's cosmetics and personal care industry has been disorganized. This is primarily because this segment was exclusively accessible in urban areas, where women tend to be more knowledgeable about these types of services. Nevertheless, things have changed lately and greater development can be seen in India's tier 2, 3, and 4 cities.
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3 weeks ago | 
startuptalky.com | Muskaan Kapoor |Apoorva Bajj |Varun Bhardwaj |Saksham Mishra
In a bid to expand into the paper and packaging sector and diversify its business further, ITC Ltd has announced the acquisition of Century Pulp and Paper from Aditya Birla Real Estate Ltd for ₹3,498 crore. The moves align with the business plans of both companies. While the Aditya Birla Real Estate Ltd is looking to focus on real estate in what can be best called a strategic portfolio choice, ITC has been looking to get a bigger foothold in the growing packaging industry.
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1 month ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |SHUBHAM KUMAR |Sakshi Jadhav
The ministry of commerce and industry said in a statement on 26 February that the Department for Promotion of Industry and Internal Trade (DPIIT) and digital payments company Paytm have inked a memorandum of understanding (MoU) to promote innovation and quicken the expansion of fintech and manufacturing startups in India. Paytm will provide businesses with market access, financial opportunities, infrastructure support, and mentorship as part of the relationship.
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1 month ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |SHUBHAM KUMAR |Sakshi Jadhav
As part of its investigation into the INR 6,600 crore GainBitcoin cryptocurrency scam, the CBI carried out coordinated nationwide searches at 60 locations on 25 February, according to officials. A CBI spokeswoman stated in a statement that the searches, which targeted locations allegedly connected to important accused individuals, were conducted in several cities, including Delhi NCR, Pune, Chandigarh, Nanded, Kolhapur, and Bengaluru.
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1 month ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |SHUBHAM KUMAR |Sakshi Jadhav
Zinka Logistics Solutions, the parent company of logistics giant BlackBuck, has received two tax notifications amounting to INR 14.2 crore. This encompasses a demand of INR 10.02 crore from the Assistant Commissioner of Commercial Taxes (Audit), Bengaluru, for the period from April 2020 to March 2021, and a demand of INR 4.18 crore from the Office of the Deputy Commissioner of Income Tax (TDS).
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1 month ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |SHUBHAM KUMAR |Sakshi Jadhav
Beyond Chennai, Zepto, a fast commerce startup based in Bengaluru, has already established itself throughout Tamil Nadu. Coimbatore, Tiruchirappalli, Madurai, Vellore, and Salem are just a few of the districts in the state where the company has started operations.
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1 month ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |SHUBHAM KUMAR |Sakshi Jadhav
PhonePe, owned by Walmart, has selected four investment banks as advisors as India's leading digital payments platform aims to enter the domestic tech IPO sector, targeting a valuation of up to $15 billion. As per a media report, PhonePe plans to initiate the IPO process in the first week of March and has engaged Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley. Additional advisors may be incorporated at a subsequent phase if necessary.
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2 months ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |PV Vyshnavi |Apoorva Bajj
FreshToHome, a D2C meat firm, has joined the fast commerce trend by offering a delivery service in a few Indian locations that takes 10 to 20 minutes. Although FreshToHome typically delivers orders in 60 minutes, the speed of delivery will rely on how close the customer is to the closest dark store. Shan Kadavil, the founder of FreshToHome, told a media channel that the company started providing speedy delivery around two months ago.
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2 months ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |PV Vyshnavi |Apoorva Bajj
Prior to its initial public offering (IPO), last-mile delivery firm ShadowFax has appointed Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari as independent directors to its board. The company statement claims that the new additions would improve its governance framework and solidify its place in the changing direct-to-business (D2C) and e-commerce markets.
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2 months ago | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |PV Vyshnavi |Apoorva Bajj
The Central Goods and Services Tax (CGST) Department has penalised the fintech business Paytm and its CEO, Vijay Shekhar Sharma, for allegedly failing to issue tax bills to its clients in a compliant manner. Sharma was penalised INR 59.94 lakh for the penalty, while One97 Communications, the company that runs the Paytm brand, was fined INR 1.19 crore. The Noida-based business stated that it was considering all of its options, including appealing the Joint Commissioner, CGST Delhi North's ruling.
