Today's Tech Check- "Zomato's Shake-Up, Government's Betting App Crackdown, Meesho's Board Expansion, Flipkart's HQ Move, and Zomato's Mother's Day Milestone!"
13th May, 2024
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1. “Zomato's Shake-Up: Blinkit and Hyperpure Auditor Exits, Deloitte Steps In”
Zomato's Blinkit and Hyperpure subsidiaries have resigned statutory auditor Batliboi & Associates.
Deloitte Haskins & Sells will take over audit responsibilities to improve efficiency.
Batliboi completed audits for both subsidiaries through March 31, 2024.
The change aims to align auditing with Zomato's overall management and financial planning.
Zomato operates Hyperpure (B2B kitchen essentials) and Blinkit (quick commerce).
The auditor change coincides with ongoing efforts to enhance operational efficiencies.
#commerce#Article#News
2. “Government Considers Strict Action Against Illegal Betting Apps Violating CCPA Rules”
Centre plans crackdown on illegal betting and gambling apps violating CCPA guidelines.
CCPA has contacted MeitY to identify violators and initiate legal actions.
Betting and gambling are illegal under the Public Gambling Act of 1867.
CCPA has warned celebrities and influencers against promoting such activities.
India previously banned 138 offshore betting platforms and attached INR 5.87 Cr under the Prevention of Money Laundering Act.
#News #B2G #gambling #war #MeitY
3. “Meesho Board Expansion: Welcoming Former Flipkart Executive to the Team”
Meesho appoints Surojit Chatterjee, former Flipkart product head, as independent director.
Chatterjee previously held key roles at Google, Coinbase, and Oracle.
The move comes as Meesho plans to increase its funding round size to $500-$650 million.
Chatterjee and Rohit Bhagat (PhonePe chairman) are the two independent directors on Meesho's board.
Meesho has over 15 lakh sellers and 140 million users, and counts Elevation Capital, Facebook, and Prosus among its investors.
#Google #Facebook #funding #News
4. “Breaking News: Flipkart Considers Shifting Headquarters to India Before IPO Launch”
Flipkart reportedly plans to move its India HQ from Singapore to India.
The move comes amid IPO preparations for the $33 billion company.
Flipkart did not comment on the reports.
Walmart owns 85% of Flipkart and 84% of PhonePe.
In 2022, PhonePe's move to Singapore resulted in significant tax gains for the Indian government.
Flipkart's plans coincide with other startups returning to India ahead of IPOs.
Groww recently completed its shift back to India.
#startup #billion #company
5. “Mother's Day Milestone: Zomato Hits Record Orders, CEO Deepinder Goyal Extends Gratitude to Delivery Partners”
Zomato records highest-ever orders on Mother's Day, surpassing New Year's Eve record.
CEO Deepinder Goyal thanks delivery partners for their efforts.
Zomato invited employees' mothers to celebrate Mother's Day at the office.
Zomato had delivered almost as many orders on New Year's Eve as it did on the same day in 2015-2020 combined.
Zomato received 140 orders every second on New Year's Eve.
#Article #News #employee
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