Saritha Rai
Business Standard
Bengaluru, KA, India
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Past articles by Saritha:
ADIA close to buying a $500 million stake in eyewear startup, Lenskart
The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said → Read More
Mukesh Ambani's conglomerate to stream IPL for free after paying $2.7 bn
Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani's conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion → Read More
Amazon Is Shuttering Some India Businesses Amid Global Cuts
Amazon.com Inc. will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn’t immune to Chief Executive Officer Andy Jassy’s cost-reduction campaign. → Read More
Divisive Startup Kingpin Doubles Down on EVs to Undercut Musk
Bhavish Aggarwal hopes to disrupt the electric car market by selling lower cost designs. He'll have to overcome criticism of his leadership and a tough environment for risk-taking founders. → Read More
These Six Cities Are Emerging as New Expat Hot Spots
As foreign workers flee places like Hong Kong, which are the destinations drawing the next generation of expats? → Read More
IPL broadcasting rights: Amazon plans to pull out of Rs 60,000 cr race
Amazon's surprise pullout leaves the field open to Ambani's Reliance, Disney and Sony Group Corp → Read More
TripActions Negotiates New Funds at $9 Billion Valuation
Startup TripActions is in talks for new round of funding at a higher valuation, signaling investors remain interested in some private technology companies amid a plunge in publicly-traded shares and as travel rebounds following the Covid-19 pandemic. → Read More
India’s TikTok Alternative Thrives After Ban on Chinese Apps
Heightened geopolitical tension has boosted many Indian startups. → Read More
India’s Zomato Nears All-Stock Takeover for Blinkit
(Bloomberg) -- India’s online food delivery platform Zomato Ltd. is nearing an all-stock deal to take over instant grocery delivery service Blinkit, according to people familiar with the matter. → Read More
The Coder Supply Chain Runs Through Ukraine
Big tech (Apple and Google), big banks (Citi and JPMorgan) and carmakers (Daimler and BMW) all rely on Ukrainian code. → Read More
Amazon, Disney, Reliance Gird for $5 Billion Cricket Prize Fight
Mukesh Ambani’s conglomerate is bringing together a consortium aiming to outbid entertainment giants Amazon.com Inc., Walt Disney Co. and Sony Group Corp. for the telecast rights to the Indian Premier League -- a prize that could be worth $5 billion or more in the cricket-crazy nation of almost 1.4 billion people. → Read More
SoftBank, Goldman Lead $330 Million Round by India’s ElasticRun
(Bloomberg) -- ElasticRun, an e-commerce startup that provides supply chain and credit services to India’s mom-and-pop shops or kiranas, raised $330 million in a funding round led by SoftBank Vision Fund 2 and Goldman Sachs Group Inc. → Read More
An Alternative to Begging the Boss for an Advance
Newcomer Refyne lets workers get a portion of their salary before payday for far less than local moneylenders charge. → Read More
World’s Newest Billionaire Urges Women to Seize the Day
Falguni Nayar joined the rarefied ranks of self-made billionaire women this week as the Indian beauty startup she founded went public and promptly doubled on its trading debut. Now she’s encouraging more women to seize control. → Read More
Rarefied Club of Billionaire Indian Women to Grow With Nykaa IPO
When India’s beauty retailer Nykaa opens its initial public offering to subscribers next week, it will catapult founder Falguni Nayar into India’s rarefied league of billionaire women. → Read More
Bengaluru startup offers three-day work week to attract tech talent
Read more about Bengaluru startup offers three-day work week to attract tech talent on Business Standard. Fintech company Slice is offering new hires a three-day week with salary at 80% of the going market rate → Read More
India social commerce startup Meesho valued at $5 billion by Fidelity
Read more about India social commerce startup Meesho valued at $5 billion by Fidelity on Business Standard. Meesho raised $570 million in fresh funding led by Fidelity Investments → Read More
Vedantu is India's newest unicorn after $100-mn funding from ABC World
Read more about Vedantu is India's newest unicorn after $100-mn funding from ABC World on Business Standard. The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year. → Read More
Reliance said to near investment in Google-backed Glance InMobi: Report
Read more about Reliance said to near investment in Google-backed Glance InMobi: Report on Business Standard. Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app → Read More
Men Need Not Apply to World’s Largest E-Scooter Factory
Ola Electric Mobility Pvt’s new electric-scooter factory aims to build 10 million two-wheelers annually, or 15% of the world’s e-scooters by 2022, in an operation run and managed entirely by women. → Read More