India’s food delivery space might’ve just lost one of its biggest players. Ola-owned Foodpanda has severely curtailed its operations. As of writing, all restaurants, apart from Dominos and Pizza Hut, are listed as “unavailable” on its app. Mint is reporting that the company has terminated its food delivery business, and laid off 40 mid to entry level employees. It has also reportedly terminated the contracts of 1500 delivery executives. “They (Ola) have realized they can’t…

India’s already-crowded air ticket booking space has a new — and massive — addition. Amazon has launched its flight booking service in India as it looks to become a super app. Amazon’s app and website now has a flights icon on the Amazon Pay page, and customers can book flights much as they’d book one on a dedicated travel portal . Amazon has partnered with Cleartrip to launch the service. “We are excited to partner with Cleartrip and…

Indian unicorns, no matter which sector they operate in, are making a beeline for fintech. Paytm and Ola have both launched their own credit cards this week, marking their formal entry into the lending and credit space. Paytm’s card, called Paytm First, has been launched in partnership with Citi, while Ola has launched a card in partnership with Visa and SBI. Last October, Amazon had launched a co-branded card in association with ICICI. Flipkart too…

Over the years, Paytm has been fighting to prevent cashback fraud perpetrated by its customers. Now it seems to have had to fight cashback fraud perpetrated by its own employees. Paytm Mall is investigating a cashback fraud involving some of its employees and merchants, Mint reports. Some Paytm Mall employees allegedly worked with third-party vendors and created fake orders to siphon off cashback offers. Paytm has engaged consulting major EY to audit the fraud. The…

Arnab Goswami had first made his name through TV news, but he seems to be doing just as well in the entrepreneurial arena as he did in journalism. Goswami has bought back shares of Republic TV from Asianet, which will allow him to regain control of the channel he’d founded in 2017. The repurchase of shares will allow Goswami to put Republic TV on track to becoming an Editor-run news channel. More significantly, the two year…