Ola Electric To Launch Products On ONDC, Moglix Is Setting New Standards, PayMate Collabs With NBBL and more

Ola Electric is gearing up to launch its products on ONDC, promising a new era in e-commerce. Zoho and PayU are both making significant moves in the B2B space with Zoho Payments and a new card tokenization platform, respectively. Moglix is setting new standards with next-day delivery for industrial goods, while Awfis is boosting employee engagement with a massive expansion of its ESOP pool. PayMate is partnering with NBBL to streamline B2B transactions, but Zomato faces a bump in the road with a hefty tax demand.

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What Matters

“Taiyyari Jung Ki”: Ola Electric To Roll Out Its Products On ONDC Next Week

Ola Electric is set to rev up its game, announcing that all its products will be available on the ONDC platform starting next week, according to CEO Bhavish Aggarwal.

This move comes just days after Aggarwal dubbed ONDC "the UPI moment for e-commerce" during the Ola Sankalp 2024 event, showing his continued confidence in the platform. Known for his bullish stance on ONDC, Aggarwal seems determined to keep steering his company toward this promising e-commerce network.

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“Hum Bhi Hai Josh Mein”: Zoho Rolls Out Zoho Payments To Streamline B2B Transactions

Zoho is stepping up its game with the launch of Zoho Payments, aimed at streamlining B2B transactions by offering multiple payment options like UPI, net banking, and cards. Powered by the Bharat Bill Payment System, Zoho Payments promises to make business transactions smoother and faster.

After securing a payment aggregator license from the RBI earlier this year, Zoho is all set to transform how businesses handle payments.

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“Aish Toh Kar Yaara Aish Toh Kar”: PayU Unveils Push Provisioning Platform To Enable Seamless Card Tokenisation

PayU is making waves ahead of its IPO with the launch of its new push provisioning platform, allowing customers to seamlessly tokenize their credit and debit cards across multiple merchants directly through their bank's portal.

This move follows a series of strategic updates, including integrations with Amazon Pay Later and Blinkit, showcasing PayU's commitment to innovation. With an 11% YoY revenue boost to $444 million in FY24, PayU is charging ahead in the digital payments space.

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“Chutkiyon Ka Safar”: Moglix Joins Quick Delivery Bandwagon, Rolls Out Next Day Delivery Services

Moglix is speeding up the game in the B2B ecommerce space with the launch of its next-day delivery service for industrial goods, now available in 12 major Indian cities.

With plans to expand this service to 40 cities in the next 6-12 months, Moglix aims to shrink the industry-standard delivery window from 72-96 hours to just 12-24 hours. This quick delivery initiative puts Moglix at the forefront of transforming supply chain dynamics in India.

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“Kaddu Katega, Sab Mein Batega”: Awfis Expands ESOP Pool Size, Allots 7.92 Lakh Stock Options

Awfis is rewarding its team with a bigger slice of the pie, expanding its ESOP pool by allotting 7.92 lakh stock options under its 2015 scheme, now valued at nearly INR 62.6 Cr.

This comes on the heels of a financial turnaround, with the coworking startup posting a net profit of INR 2.7 Cr in Q1 FY25, bouncing back from a loss of INR 8.3 Cr in the same quarter last year. With strong growth driving these numbers, Awfis seems committed to sharing its success with its employees.

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“Hum Saath Saath Hai”: PayMate Partners NBBL To Streamline B2B Transactions For MSMEs & Corporates

PayMate is enhancing B2B transactions for MSMEs and corporates with its new PayMate BBPS-B2B platform, thanks to a partnership with NPCI Bharat BillPay Ltd.

This platform promises access to multiple lenders, ensuring competitive financing rates, and connects users to a vast network of verified businesses for quicker and safer dealings. With this move, PayMate is set to revolutionize how businesses manage transactions and secure financing.

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“Kaisi Hai Ye Majboori”: Zomato gets Rs 4.59 Cr tax demand notices

Zomato finds itself in hot water with GST authorities, receiving tax demand notices totaling over Rs 4.59 crore from Tamil Nadu and West Bengal, including interest and penalties.

Not one to back down, the food delivery giant plans to appeal against these orders from the respective Assistant Commissioners. As Zomato gears up for a legal battle, all eyes are on how this financial hiccup will play out for the company.

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1. Pilgrim, the beauty and personal care D2C brand, has raised $9 million in an extended Series B round led by Fireside and Vertex Ventures, marking a 3X surge in its valuation. The fresh funding highlights investor confidence in Pilgrim's growth and market potential.

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2. Servify, a post-sales service firm, has secured $10 million in a fresh tranche of its Series D round, combining equity and debt from Bajaj Holdings, Trifecta, and Innoven Capital. This funding boost will further strengthen Servify's position in the after-sales service market.

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3. Bengaluru-based edtech startup ODA Class has raised $500K in its Series B round from Skywalker Education, Daituzi Education, and Matrix Partners China. This brings ODA Class's total funding to $12.75 million, fueling its growth in the online education space.

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4. Medront, a user data storage startup, has secured Rs 1.06 crore in a pre-seed round led by Inflection Point Ventures. The funds will drive product development, growth initiatives, and user acquisition efforts.

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