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internet firms: Most consumer internet firms recorded growth in November: BoFA report

Flipkart s Shopsy Starts Offering Groceries in 700 Cities, Aims to Become Largest Retailer in India

Flipkart’s social commerce app Shopsy on Tuesday launched its grocery business to start offering groceries in across 700 cities. It will have over 6,000 products across 230 categories.

Ant may dilute Paytm stake

Ant may dilute Paytm stake Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Ant Group may not be able to participate in Paytm s IPO. Now, sources tell us the Chinese company will probably reduce its 30.33% stake in Paytm s parent firm ahead of its IPO. Read on to find out why. Also in this letter: Old RBI rule takes bite out of Zomato IPO Ant Group likely to sell a sixth of its Paytm stake before IPO China’s Ant Group is likely to sell at least a sixth, or 16.67%, of its 30.33% stake in One97 Communications, the parent company of Paytm, ahead of the fintech firm’s initial public offering in November, sources told us.

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