Tatas may consolidate ecommerce biz 🏡; Nikhil Kamath tops self-made rich list🤑; Zomato to expand Intercity Legends🥘
Tatas may bring startup businesses under one roof, Nikhil Kamath tops Hurun's self-made rich list 2022, Zomato to expand Intercity Legends, Funding Deals and more.
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Market Watch 📊:
US:
S&P 500 - 3,719.04 up 1.94%
Nasdaq - 11,051.64 up 2.05%
India:
Nifty 50 - 16,940.85 up 0.45%
Sensex - 56,827.61 up 0.43%
Tatas may bring startup businesses under one roof🏡
We reported on September 21 that Tata Digital was increasing its authorised share capital from Rs 15,000 crore to Rs 20,000 crore, setting the stage for fresh capital infusion by its parent Tata Sons.
Tata Cliq, Tata Cliq Luxury, Tata CLIQ Palette and Tata Health will be brought under Tata Digital in the next two weeks to consolidate the scalable ecommerce entities under one roof.
In November 2021, Tata Consumer Products acquired Tata SmartFoodz from Tata Industries Limited while Tata Advanced Materials was moved into Tata Aerospace.
Zerodha's Nikhil Kamath tops Hurun's self-made rich list 2022🤑
Stock trading platform Zerodha's cofounder Nikhil Kamath has topped the 'IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022' with a net worth of Rs 17,500 crore. Ola cofounder Bhavish Agarwal came second with a wealth of Rs 11,700 crore.
The annual list saw 15 new entrants, all of whom are startup founders. "The cumulative wealth of the entrants in 40 & Under Self-made List increased by 11% in comparison to last year, currently standing at Rs 1,83,700 crore," as per a press statement.
Cofounder of Confluent, a streaming data technology company, Neha Narkhede at 37 is the youngest self-made woman entrepreneur in India while 19-year-old Kaivalya Vohra, the founder of quick commerce startup Zepto, is the youngest self-made entrepreneur on the list.
Hot Shorts⚡
Saveo, a B2B marketplace for pharmacies, has raised $4.5 million in a funding round co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures.
unSCRIPT.ai, an artificial intelligence-based platform meant for creating synthetic videos in real-time, has raised $1.25 million in a funding round led by Exfinity Venture Partners with participation from Stellaris Venture Partners.
Direct-to-commerce startup Nature Pro has raised Rs 50 lakh in its seed round. Srikumar Misra and Rashima Misra, Co-founders of Milk Mantra, and Srinivas Baratam, MD of Stakeboat Capital, are angel investors in the round.
Zomato to expand Intercity Legends service to more cities🥘
Restaurant aggregation platform Zomato plans to expand its Intercity Legends service across top cities in the next few months while adding more iconic restaurants on its platform to scale its food delivery service.
Zomato’s Intercity Legends was launched as a pilot in Delhi in late August to offer 24-hour food delivery from premium restaurant brands in different parts of the country, including sandesh and rosogollas from Kolkata, biryani from Hyderabad and chole bhature from Delhi. The service is now available to users in Delhi-NCR and Bengaluru.
So far, Zomato onboarded 120 restaurants from 10 cities. The process of onboarding more iconic restaurants which can offer food that travels well is on said top executives of the company.
Tweet of the day🐥
Other Top Stories
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