Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees […]

Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn

Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that […]

India’s ICICI Bank exposed thousands of credit cards to ‘wrong’ users

ICICI Bank, one of India’s top private banks, exposed the sensitive data of thousands of new credit cards to customers who were not their intended recipients. The Mumbai-based bank confirmed to TechCrunch Thursday that its digital channels “erroneously mapped” about 17,000 credit cards issued in […]