ONDC in 4 more cities🛒, Ashneer sets up 'Third Unicorn'🦄, Twitter to sue Elon after terminating $44B deal⚖️
ONDC may go live in four more cities, Ashneer Grover sets up a new firm - ‘Third Unicorn’, Twitter to sue Elon Musk after pulling out of $44B deal, and more.
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ONDC may go live in four more cities this week🛒
The Open Network for Digital Commerce (ONDC) is working hard to bring intercity logistics onto the network, which will allow buyers from multiple cities to place orders on the platform and scale it quickly.
ONDC CEO T Koshy told us, “By the end of this week, we expect to add at least four cities, including Chennai, Thrissur and Kannur. We are attempting to take ONDC to 75-100 cities by August. We are putting that kind of pressure on our team.”
In April, ONDC launched a pilot in five cities – New Delhi, Bengaluru, Coimbatore, Bhopal and Shillong – and went live in a sixth city, Lucknow, in June.
Ashneer Grover sets up a new firm, and names it ‘Third Unicorn’🦄
Months after his controversial exit from BharatPe, Ashneer Grover and his wife Madhuri Jain have started a new firm - Third Unicorn - according to filings with the Ministry of Corporate Affairs (MCA).
The former managing director and cofounder of BharatPe established the company on July 6, 2022, with his wife and has no other directors as of now apart from the couple.
Ashneer Grover, who turned 40 on June 14, had hinted about his new venture in a tweet saying, “Today I turn 40. Some will say I’ve lived a full life and experienced more things than most. Created value for generations. For me, it’s still unfinished business. Time to disrupt another sector. It’s time for the Third Unicorn!!”
Hot Shorts⚡
Vegrow, a business-to-business (B2B) agritech marketplace for fruits, has raised $25 million (about Rs 198 crore) in its series B investment round led by Prosus Ventures.
Venture capital firm Campus Fund, which invests in student-led startups, has raised $10 million for its second fund.
➡️ Check out our LinkedIn space to read more on the funding deals.
Twitter hires US law firm Wachtell to sue Elon Musk after pulling out of $44B deal⚖️
Twitter Inc has hired US law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company.
Musk, the chief executive officer of Tesla, on Friday terminated his deal, saying Twitter had failed to provide information about fake accounts on the platform, after which Twitter's chairman, Bret Taylor, vowed a legal fight.
Twitter is planning to file a lawsuit early this week in Delaware.
Wachtell, Lipton, Rosen & Katz was one of the legal advisers for Musk's plan to take Tesla private in 2018. Musk tweeted that there was "funding secured" for a $72 billion deal to take Tesla private but did not move ahead with an offer.
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- Ann Richards
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