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Stance Health has secured $1 million in pre-seed funding to enhance musculoskeletal care in India, led by General Catalyst with participation from notable investors. The funding will support the development of a technology platform and the expansion of multidisciplinary MSK centres, aiming to standardize care and improve patient access through a structured, tech-driven model. With over 12,000 sessions conducted in just eight months, the company is focused on increasing its reach and delivering high-quality MSK care.
Swiggy has received an assessment order from the Income Tax Department for outstanding dues of 158.25 crore rupees (US$18.5 million), related to unpaid taxes on cancellation charges and interest income on tax refunds. The company plans to challenge this order, asserting it will not significantly affect its financials or operations. Additionally, Swiggy intends to appeal a previous notice for 1.1 crore rupees (US$128,500) concerning similar issues from the fiscal years 2018 and 2019.
Swiggy has received a demand notice from the Income Tax Department for INR 158 crore. This development highlights ongoing scrutiny of the financial practices of major companies in the food delivery sector. The implications of this notice could impact Swiggy's operations and financial standing.
Swiggy has received a tax demand notice amounting to INR 99 lakh. This development raises concerns regarding the financial obligations of the food delivery giant as it navigates regulatory challenges in the evolving market landscape.
Swiggy's stock has plummeted 43% from its peak of INR 617, resulting in a loss of INR 60,000 Cr in market cap in the last quarter of FY25, and is currently over 10% below its issue price of INR 390. Despite a lackluster financial performance in Q3 FY25, the company is optimistic as it ventures into the B2B supply space to scale up its operations.
Grab's acquisition of Cambodian firm Nham24 highlights the potential of Cambodia's tech market, which has been largely overlooked in Southeast Asia's digital economy. This move signals Grab's intent to dominate a nascent market with low saturation, suggesting significant growth opportunities ahead. As the region evolves, Cambodia may emerge as a key player rather than an afterthought.
Swiggy has launched 'Assure,' a B2B platform designed for restaurants, hotels, and caterers to source kitchen supplies, including fresh ingredients and canned goods. The platform, available through the Assure and Resto Assure apps, competes with Zomato’s Hyperpure and utilizes Scootsy Logistics for deliveries and pricing management. This launch comes as Swiggy faces financial challenges in its quick commerce division, Instamart, while continuing to expand its service offerings.
Swiggy has launched a B2B platform named 'Assure' to compete with Zomato's Hyperpure, allowing hotels, restaurants, and caterers to source fresh ingredients directly through a dedicated app. This initiative comes amid a slowdown in the food delivery sector, as Swiggy's Instamart faces significant losses despite a revenue increase. The company is also expanding its offerings with new apps for quick food delivery and exploring additional services to boost revenue.
GoTo has sold Tokopedia to TikTok, while other major e-commerce players like Shopee and Lazada remain in Indonesia. Grab is pursuing a merger with GoTo, which could streamline operations but may face regulatory scrutiny due to potential market monopoly concerns. Retaining the Gojek brand could enhance local appeal amid competition.
Zeno Health, an Indian healthtech startup, has launched a 50-minute medicine delivery service following a US$25 million Series C funding round. Operating over 180 retail pharmacy stores in Maharashtra, the company focuses on affordable generic medicines and serves over 1.5 million customers through its mobile app and in-store options. With plans to expand and enhance technology, Zeno Health competes with established players like Tata 1mg and PharmEasy in the rapidly growing healthcare delivery market.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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