Google to join ONDC🤝🏻, Myntra starts 'M-Express'👕, Broadcom to buy VMware for $61Bn💸

Google in talks to partner with ONDC, ‘M-Express’ delivers under 48-hour, Broadcom to buy VMware in $61 billion deal, Funding Deals & more.

May 27, 2022

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Google in talks to partner with ONDC, following Amazon, Reliance and Flipkart🛒

Google is in active discussions with the government-backed Open Network for Digital Commerce (ONDC) and is “exploring” ways to partner with the ambitious initiative.

The network, which aims to democratise ecommerce by bringing more kiranas and unorganised retailers online, was launched as a pilot earlier this month in Bengaluru and four other cities. It is expected to be available in 100 cities countrywide by August.

We reported on May 12 that ecommerce majors including Flipkart, Reliance Retail and Amazon were in talks to join ONDC.

Google Pay’s two main competitors – Flipkart-owned PhonePe and Paytm – have already begun to integrate their services with ONDC.

What is ONDC? 🤔

Myntra introduces ‘M-Express’, under 48-hour delivery service👗

Online fashion retailer Myntra has introduced an express delivery service that will give shoppers their orders within 24-48 hours of purchase.

The 'M-Express' service will deliver to more than 1,300 pin codes and it is unique for any fashion and beauty platform, Myntra said in a statement. It will allow speed-sensitive customers to easily search for M-Express products through delivery time filters and also visually identify such products with the help of M-Express tags.

M-Express has currently been rolled out in metros across about 30 percent of the styles available on Myntra. It will expand to tier 2 and 3 cities, as well as launch the web version of the feature in the coming months.

Digital payment solutions provider Innoviti has secured an additional Rs 75 crore ($9.6 million) as part of its Series D funding round from existing investor, Dutch development bank FMO.
ShopSe, an EMI digital platform has raised $6.1 million as a part of its strategic Series A funding from BEENEXT, Chiratae Ventures and White Venture Capital.
Bengaluru-headquartered blockchain-based esports fan engagement startup STAN has raised an equity funding of $2.5 million in its seed round led by General Catalyst, alongside Better Capital and Eximius Ventures.
Taxbuddy.com, an online tax advisory company has raised $2.10 million (about Rs 16 crore) in funding led by UAE-based fund Zenith Global.
CHUPPS, a D2C footwear brand, has raised $1.5 million in its Pre-Series A round led by Green Frontier Capital, a Green tech venture fund.
Hyderabad-based electric ride-sharing platform Hala has raised $1 million in a funding round led by Magnifiq Securities.

➡️ Check out our LinkedIn space for more on the funding deals.

Chipmaker Broadcom to buy VMware in $61 billion deal💸

Broadcom Inc said on Thursday it will buy cloud service provider VMware Inc in a $61 billion cash-and-stock deal to further diversify the chipmaker's business into enterprise software.

The acquisition is the second biggest announced globally so far this year, after Microsoft Corp's $68.7 billion deal to buy video game maker Activision Blizzard Inc in January.

VMware News on Twitter: "Broadcom to Acquire VMware

Each VMware shareholder will get $142.50 per share, resulting in a premium of over 48% to the stock's close since the deal talks were first reported on May 22.

VMware shareholders will get $142.50 in cash or 0.2520 shares of a Broadcom common stock for each VMware share held.

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