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 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 […]
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 […]
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 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 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 […]
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 […]
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.
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 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 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 […]
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. […]
Urban shoppers seem to be tightening their purse strings when it comes to in-store purchases. People are sticking to need-based buying and that’s led to lower footfall and tepid conversion rates for brick-and-mortar retailers in the pre-Diwali weekend. Small traders seem to be hit the hardest: Some have reported a fall of 25-50% in festive […]
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 […]
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 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, […]