TECHNOLOGY
B2B e-commerce firm Udaan raises $75 million in funding from M&G, Lightspeed
Founder and CEO Vaibhav Gupta, during a townhall on February 17, said that the company is in advanced discussion to close an additional $25 million in equity funding over the next quarter
TECHNOLOGY
Valentine’s Day 2025: Lovers drive up quick commerce order volumes to record highs
Quick commerce and food delivery platforms witnessed record sales for roses, chocolates, cakes, stuffed toys, and more, as lovers splurged on romance
TECHNOLOGY
Blinkit, Zepto ahead of Swiggy Instamart in quick commerce, says Citi
Blinkit is leading with a 41 percent market share, while Swiggy Instamart may be in the third spot, behind Zepto, with a share of 23 percent
TECHNOLOGY
Quick commerce has grown to 7-8% of business: Mamaearth's Varun Alagh
According to Alagh, quick commerce continues to be the company's fastest growing distribution channel, and has been so for almost a year now
TECHNOLOGY
Nearly 98% of gig workers earn under Rs 5 lakh per annum, shows TeamLease data
NITI Aayog defines gig workers as those who are employed “outside the traditional employer-employee arrangement”. These workers broadly fall into two categories: platform and non-platform-based workers.
TECHNOLOGY
Delivering less? Swiggy, Zomato struggle to keep food delivery momentum going
The food delivery platforms have faced challenges in onboarding new customers and scaling past the top eight cities, combined with an immaterial change in total orders being placed, say analysts, amid an ongoing slowdown in food delivery
TECHNOLOGY
Startup founders urge Sam Altman to make OpenAI more affordable, introduce India specific pricing
The attendees included prominent startup ecosystem figures like Paytm’s Vijay Shekhar Sharma, Unacademy’s Gaurav Munjal, Fractal’s Srikanth Velamakanni, Ixigo’s Aloke Bajpai, HeathifyMe’s Tushar Vashisht, and Aakrit Vaish - advisor to the India AI Mission
TECHNOLOGY
AI in edtech and pre-kindergarten market key focus areas going forward, says GSV Ventures' Michael Moe
AI in edtech can be bigger moment than the internet was 30 years ago as it takes an already great product and makes it even better, Moe said in the interview with Moneycontrol.
TECHNOLOGY
Banking on AI portfolio, enterprise biz to drive near term growth, says Eruditus co-founder Chaitanya Kalipatnapu
The company’s growth plans come hot on the heels of a major funding round
TECHNOLOGY
Startup employees to earn more via ESOPs as companies increase pool
As many as 26 startups announced ESOP buyback programmes in 2024 and the number is expected to go up this year, as more new-age tech firms get ready to make their market debut
TECHNOLOGY
Budget 2025: Consumer internet startups bat for simplified tax norms, reduced compliance burden
The industry has called for policies that reduce compliance hurdles, improve access to working capital and rationalise taxes, especially for small businesses
TECHNOLOGY
A Maha Kumbh for startups, demand surges as devotion goes virtual
Tie-ups with akharas, astrologers performing rituals at Prayagraj, deep daan, pitru puja and more, devotees who can't be at the Maha Kumbh are taking the virtual route to the once-in-a-12-year event
DAVOS-SUMMIT
Davos 2025: Need farsighted plan of action to ensure water conservation, says Union minister CR Patil
Patil highlighted several ongoing initiatives by the government aimed at water conservation and increasing access to drinking water
DAVOS-SUMMIT
Davos 2025: Indian workforce needs to be reskilled, private sector should step up, says minister Jayant Chaudhary
Private players need to re-tool their workforce for new technologies, the minister has said, asking corporates to invest in re-skilling their workforce
DAVOS-SUMMIT
Davos 2025: Lithium ion cell plant to be ready in a year, says Amara Raja chairman
In the race to be among the first for lithium ion cell manufacturers in India, says chairman Jayadev Galla
DAVOS-SUMMIT
Davos 2025: India in a bright spot; can become third pole after US, China, says McKinsey Chairman Gautam Kumra
Weighing the implications of now US President Donald Trump’s re-election, Kumra said that geopolitical risks should be assessed with a wide lens.
TECHNOLOGY
Laptops delivered in 10 minutes: PCs makers hop on the quick commerce bandwagon
Over the last month, several of the largest personal computer (PC) makers in India—including HP, Lenovo, Acer, and Asus—have listed their products on at least one of the major quick commerce platforms.
BUSINESS
ONDC, Ola, Magicpin to meet NRAI as row over Swiggy, Zomato's private-label practices escalates
The meeting comes on the heels of NRAI’s opposition to Zomato, Swiggy and others venturing into quick commerce food delivery through private-label brands
BUSINESS
Govt needs to expedite creation of DPI in agriculture sector: Cropin CEO Krishna Kumar
According to Kumar, the creation of DPI for the agritech space will accelerate growth in the sector
TECHNOLOGY
Orios Venture Partners delays closure of third fund for a third time
The VC firm was to close Orios Fund III by December 2023 with a target size of $120-150 million but fell short. The deadline was moved to June and then to December 2024, which has again been extended.
TECHNOLOGY
ShareChat to lay off 5% of its workforce; fourth round of job cuts in 2 years
In the past two years, ShareChat has cumulatively laid off upwards of 850 employees across at least four rounds
TECHNOLOGY
Budget 2025: Edtech startups await tax exemptions, skill, digital infra development
The industry hopes for potential tax incentives and benefits from the budget, primarily in the form of GST exemptions for under-privileged students, and reduction in GST for educational products and services
TECHNOLOGY
Coffee chain Blue Tokai to go big offline, sets target of 80-90 outlets each year
Despite Blue Tokai's growth prospects, the rising prices of coffee globally may take a toll on Blue Tokai’s margins, co-founder and CEO Matt Chitharanjan told Moneycontrol in an interview.
TECHNOLOGY
Double whammy: Hotel federation FHRAI goes after Swiggy, Zomato as NRAI flags private label concerns on quick commerce
The restaurant body has alleged that food aggregator platforms are leveraging their dominant positions and access to restaurant data to promote their own private labels, namely Blinkit’s Bistro and Swiggy’s Snacc.
