Gurgaon-based logistics startup Delhivery is reportedly in talks to buy Blue Dart Express and Gati’s business-to-business (B2B) services operations.
Logistics startup Delhivery in early-stage talks to acquire Blue Dart, Gati
Gurgaon-based logistics startup Delhivery has led preliminary talks with Blue Dart Express and Gati to acquire their business-to-business (B2B) services operations, according to a report by the Mint.
Delhivery is trying to expand its presence in the e-commerce segment. Also, Blue Dart has a strong franchise business across India which further attracts Delhivery from a B2B business perspective, Mint reported, citing its source.
In March, Delhivery had raised $413 million in a funding round led by SoftBank Vision Funds, making it a unicorn.
A unicorn is any startup that reaches a $1 billion market value as determined by private or public investment.
RBI to submit WhatsApp's data localisation compliance report to SC
The Reserve Bank of India (RBI) may inform the Supreme Court that the National Payments Corporation of India (NPCI) is the body that grants approvals to payment services like WhatsApp Pay and others, the Economic Times reports.
RBI will also reiterate to the apex court that all the payment companies operating in India should locate user data within the country, the report said.
Earlier in the month, the government had approached the RBI and NPCI over the risks in allowing social media platforms into the digital payments space.
In September, The NPCI had asked Whatsapp to make changes in data localisation compliance framework.
In August, the top court had given six weeks to RBI and Whatsapp to submit the responses over data localisation rules for payment services.
India’s demand on Whatsapp traceability strengthen post snooping scandal
The government is working towards strengthing its process to trace the WhatsApp messages, post snooping scandal, the Economic Times reports.
The government is demanding WhatsApp to reveal the origin of a message that has been flagged by law enforcement agencies, the report said.
It also did not want Whatsapp to break their end-to-end encryption feature.
The Pegasus Spyware attack infected 1,400 people globally, including 121 Indians, the report added.