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Category: BUSINESS

Homegrown Food Delivery Startups Swiggy & Zomato Grand Merger on the Cards; Amid Threat from Amazon, Uber Eats & Flipkart Looms

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Zomato, Swiggy Likely to Merge Just before the Amazon’s Entry In Online Food Delivery Business in India. India’s leading online food delivery startups Zomato and Swiggy grand mega merger on the cards soon amid looming threats from Amazon and UbeEats, according to media reports. Both Swiggy and Zomato are in negotiations over a strategic merger. […]

Bengaluru becomes the World’s Scooter-Sharing Capital, beating Madrid & Paris; clocking over 100,000 Rides a Day

Bengaluru is the world’s scooter-sharing capital, shows a report by German e-scooter maker Unu. Thanks to mobility startups Bounce and Ola-backed Vogo, the city accounts for over 15,000 of India’s 20,000-odd scooters – much ahead of Madrid and Paris. The two desi ventures together clock over 100,000 rides a day even as cab-aggregators Uber and […]

MakeMyTrip bets Bigger on Home-Stays; to add over 10,000 Alternative Accommodations in India, to take on Rivals like Airbnb

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Online travel firm MakeMyTrip is looking to add over 10,000 alternative accommodation properties in India in 2020, with the company expecting to achieve double-digit growth in the segment during the period. Currently, the company has 1,70,000 bookable properties in India and overseas in the alternative accommodation segment which includes villas, apartments, home stays, guesthouses and […]

Apple, Realme are making Huge Waves in India’s Smartphone Market

Two foreign brands are making waves in India’s smartphone market, IDC data shows. Apple grabbed over 50% share in the ₹35,000-plus segment in July-September, reclaiming the top spot after two years. Its strategy: Competitive pricing of new iPhones and a drastic drop in prices of older models to cash in on festive demand. On the […]

Viacom18 Unveils India’s First & Only Multi-Format Kids App ‘VOOT KIDS’

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Viacom18 is all set to foray and explore its digital ecosystem with the launch of its first subscription play. Viacom18 Media Private Limited is all set to expand its digital ecosystem with the launch of its first subscription play. Voot Kids has been a sub-app of the network’s AVOD (advertising led video on demand) service […]

Chinese Technology Giant Honor; After Smartphones to Foray into India’s Smart TV Market by 2020

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Chinese handset maker Honor will foray into India’s smart TV market in the first quarter of 2020. For some time now, the Smart TV segment has become almost as active as smartphones. So much so, that there are many companies that bet on offering their own models, such as Honor. Well, this manufacturer has released […]

Chinese Automobile Giant Great Wall Motors to invest ₹7,000 Crores in Gujarat to set up a Manufacturing Plant

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Great Wall Motors, China’s largest SUV maker, plans to invest ₹7,000 crore in an Indian subsidiary it has recently incorporated, Economic Times reports. The company has scouted for sites in at least five states, but Maharashtra has emerged the top contender. Among the options are the land purchased by Chinese truck maker Foton at Chakan […]

Chinese Smartphone Maker Xiaomi Becomes Largest Exclusive Brand Network in India’s Offline Market

Xiaomi inaugurated 2500th exclusive Mi Store. These 2500 stores are presently flourished across 790+ cities in all states. As per the retail research agency Channelplay, this is the largest single brand retail network in India (across all categories), followed by Samsung India, Cafe Coffee Day(CCD), Dominos India, and Bata India.

San Francisco based Silicon Valley backed ‘AngelList’ Launches India Focussed Angel Fund will Help Startups to raise Money

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Silicon Valley-based AngelList announces angel fund for individuals and institutions to raise capital upfront and invest in startups. A half year in the wake of propelling India devoted support, Silicon Valley-based AngelList has reported angel fund product for individuals and institutions to raise capital forthright and put resources into new companies.

India’s Unicorn Boom is Coming; More than 100 Indian Startups sporting $1 Billion-plus Valuations by 2025

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India could boast more than 100 startups sporting $1 billion-plus valuations by 2025, domestic IT body Nasscom predicts. Its annual report on startups says the country will be home to 95-105 unicorns having a combined valuation of $350-390 billion. India is already home to 24 unicorns, a distant third after the US and China. Seven […]

Ola, Uber are Hunting for Versatile Business Models Beyond Cabs; to explore more Growth Avenues

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Ola and Uber are looking beyond cabs in their hunt for growth, Economic Times reports. Industry experts say the companies are likely to focus on bike taxis and autos, car rentals, corporate tie-ups and collaborations with public transporters to shore up ride numbers as their core business slows. That’s because four-wheeler taxis aren’t affordable for […]

Soon, Indians can make payments from their Digital Wallets through UPI while travelling Abroad

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Indians travelling overseas could soon make payments through their digital wallets. Quoting unidentified sources, Economic Times reports that the National Payments Corporation of India is looking to expand its UPI payments system to other countries. The company is targeting Singapore and the UAE as its first international destinations and could launch there in six months. […]

Reliance Retail signs Exclusive Brand Licensing & Distribution Deal with Electrolux to relaunch Kelvinator under 10-year contract

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Kelvinator is coming back to India. Economic Times reports that Reliance Retail has signed an over 10-year contract with the iconic refrigerator brand’s Swedish parent Electrolux for brand licensing, manufacturing, marketing and distribution. Other appliances like washing machines, air-conditioners and microwave ovens too would be relaunched. Analysts say the arrangement will be a win-win: Kelvinator […]

Flipkart partners with 27,000 Kirana shops to boost last-mile delivery on a Pan India Level

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Walmart-owned Flipkart has on boarded nearly 27000 Kirana shops across 700 cities to strengthen its pan-India supply chain ahead of the upcoming festive season. This will further strengthen and personalize e-commerce experience for its existing 160 million customers,help deepen its reach to newer geographies and customers and support “kiranas” by enhancing their income. It will […]

Flipkart Enters Food Retail launches new entity ‘Farmermart’ with ₹2,500 crore war chest

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Flipkart is entering food retail with a ₹2,500 crore war chest, MoneyControl reports, citing sources. The Walmart-owned firm has registered a new entity called Flipkart Farmermart that will run farm-to-fork operations, including its own private label, a grocery supply chain, and even stores. The homegrown e-commerce major will bank on the expertise of parent Walmart, […]

Ratan Tata To Invest In Pune-Based Electric Vehicle Start-up Tork Motors; to boost Made in India Electric Two Wheeler

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Electric vehicle startup Torque Motors said on Monday that Ratan Tata has decided to invest in the company. However, the company has not disclosed the amount to be invested. Earlier, the Pune-based company has also received investments from Bhavish Agarwal, founder of Bharat Forge and Ola Cabs.

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