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Sources: Reliance writes off its $200M investment in Bengaluru-based hyperlocal delivery startup Dunzo, as CEO Kabeer Biswas looks to sell Dunzo for $25M-$30M (Bismah Malik/Inc42)

January 5, 2025

Bismah Malik / Inc42:
Sources: Reliance writes off its $200M investment in Bengaluru-based hyperlocal delivery startup Dunzo, as CEO Kabeer Biswas looks to sell Dunzo for $25M-$30M — SUMMARY — Dunzo cofounder and CEO Kabeer Biswas as per our sources is leading talks with high net worth individuals and family offices for an acquisition deal

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Sources: Reliance writes off its $200M investment in Bengaluru-based hyperlocal delivery startup Dunzo, as CEO Kabeer Biswas looks to sell Dunzo for $25M-$30M (Bismah Malik/Inc42)

India is promoting RuPay, its homegrown card network, to challenge Visa and Mastercard, leveraging UPI, which now handles 13B+ real-time transactions monthly (Manish Singh/TechCrunch)

TSMC reports December revenue up 57.8% YoY to $8.4B, pushing the 2024 revenue to ~$88.02B, up 34% YoY, driven by AI chips demand from...

X says it is rolling out labels for parody or satire accounts to differentiate them from others and boost transparency; accounts have to apply...

Automattic plans to cut its WordPress contributions to 45 hours per week “due to the lawsuits from WP Engine”, focusing mostly on security and...

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