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🚨 Reliance Retail says it is the fastest-growing digital grocery platform in India It is also not keen on acquisitions in quick commerce, according to a top official - thearcweb.com/article/relian…

🚨 Eternal sets up Blinkit Foods as a new subsidiary 🧑‍🍳 The unit will be involved in providing food services (including innovation, preparation, sourcing, sale and delivery of food to customers).

🚨 Eternal's net profit falls by 90% for the June quarter to Rs 25 crore on a year-on-year basis Operating revenues increase by 70% to Rs 7,167 crore on a year-on-year basis

🚨 Eternal says going out/District biz can hit $3 billion in sales and $150 million in adjusted EBITDA in 5 years "Our average revenue per order today is Rs 160, which is meaningfully higher than our food delivery and quick commerce businesses."

🚨 Paytm undertakes a board reshuffle 🧑‍💼 - Former IAS officer Bimal Julka has resigned as an independent director, just six months after the appointment. - Madhur Deora steps down from the board, but will continue as president & CFO. - Urvashi Sahai, Paytm's general counsel,

🚨 Good Glamm Group CEO Darpan Sanghvi says that the refinancing and strategic investment efforts have failed ❌ The company will now sell its brands individually to different owners. Brands include Myglamm, Moms Co, St. Botanica. Co was valued at $1.3 bn and raised $342 mn 💰

Lenders’ call: Good Glamm’s brand portfolio to be sold for parts Darpan Sanghvi, the founder and CEO of The Good Glamm Group, has said that its attempts to secure refinancing and strategic investments have collapsed. thearcweb.com/article/lender…

🚨Tata Digital’s revenue growth has slowed, hurt by stagnant sales at BigBasket. Details: thearcweb.com/article/tata-d… Revenue increased by 30% to Rs 547 crore ($63.4 million) in FY25. This is a significant slowdown in revenue growth, which had more than doubled in FY24.

🚨 Enforcement Directorate (ED) files FEMA case against BNPL startup Simpl & its founder Nithya Nand Sharma over alleged FDI violations worth Rs 914 crore. ED says Simpl issued convertible notes without govt approval & misdeclared biz activity to access the automatic FDI route.

🚨 Swiggy's board of directors undertakes a re-shuffle - Sumer Juneja, nominee of Softbank (6.9% stake), has resigned - Anand Daniel, nominee of Accel (4.7% stake), has resigned - Faraz Khalid, CEO of the Middle East's e-commerce co Noon, has joined as an independent director

🚨 Software unicorn Amagi Media Labs, which was last valued at $1.5 billion, has filed for its IPO Fresh issue: Rs 1,020 crore Offer for sale: 34.18 million shares Sellers include Premji Invest, Accel, Norwest and Avataar