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Paytm’s Annual Offline Shopping Festival 12/12

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Paytm, India’s biggest online payments platform is ready for the second edition of its annual offline shopping festival 12/12. Held on 12 December, Paytm offers one day offline shopping festival to drive greater sales for its partner merchants and brand stores.

With the aim of driving greater sales for offline merchant partners, the 12/12 festival facilitates brick and mortar retailers to tap into the growing digital movement. The offline festival will also promote mobile in store payments to attract new customers and grow their businesses multifold.

Famous neighborhood retailers like Shambhu’s and Khetla Aapa (Ahmedabad,) Balaram and Radharam Mullick, Arsalan Biryani (Kolkata,) Thaggu ke Samose (Jaipur,) Paranthe wali gali (Chandni Chowk, Delhi,) Karachi Bakery (Hyderabad,) MS Brothers and AKK Foods (Chennai,) OM Mart and Surbhi Snacks (Mumbai) and Fresh Co., (Bangalore) will also participate in this sale. Big brands such as Big Bazaar, Reliance Digital, Pantaloons, Apollo, More, Lenskart, Café Coffee Day and Woodland, among others will also be offering their products on the ecommerce platform.

The Chief Operating Officer of Paytm, Kiran Vasireddy, speaking about the platform said, “Paytm has become the preferred payment choice amongst customers for in store payments in India. Today it is accepted at large retail chains as well as small stores across the country and we are committed to building the best payments infrastructure for our merchant partners. With our ‘12/12 festival’ we celebrate customers walking into stores where our merchant partners welcome digital payments and offer great rewards for using Paytm.”

The company recorded a sale of around $ 34 million at its partner offline merchant stores during the first edition of the sale. Currently, the company is planning to reach a target of 500 million full KYC wallet over the next three years, in line with RBI’s revised guidelines. The company also recently acquired the discovery and deals platforms Nearby and Little Internet to expand its offline merchant base. 

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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