Deepsekhar Choudhury

TECHNOLOGY

ONDC's 'marketing intervention' rises 28 times to Rs 92 crore in FY24

ONDC's 'deficit' — a term used in place of 'loss' for non-profit companies — jumped from Rs 46.76 crore in FY23 to Rs 195.61 crore in FY24. It recorded zero revenue during the period.

TECHNOLOGY

Zomato-backed Magicpin rides into Ola's territory with logistics platform for ONDC

The rider platform has gone live with 1,000 delivery executives and the goal is to increase the number to 10,000 by March next year

BUSINESS

Swiggy IPO filing likely this weekend, say sources

Swiggy recently upsized its IPO to $1.4 billion, amid intensifying competition in the online grocery delivery space, where its platform Instamart competes with the likes of Zomato-owned Blinkit, Zepto and Tata-owned BigBasket

BUSINESS

Ashneer Grover's family member arrested by Economic Offences Wing in BharatPe case

Deepak Gupta, the brother in law of Ashneer and his wife Madhuri Grover, is being held at the Mandir Marg police station and will be produced in court today, say sources

BUSINESS

RPSG group's Rs 2 lakh crore mcap goal is conservative: Sanjiv Goenka

The retail-to-technology services conglomerate is also optimistic that the US Fed’s 50 basis point rate cut will help ease costs on its balance sheet

TECHNOLOGY

RPSG-owned Firstsource to set up office in Melbourne, will create 3 jobs in India for each in Oz

The retail-to-energy conglomerate is also optimistic that the US Fed’s 50 basis point rate cut will help ease costs on its balance sheet.

TECHNOLOGY

'He lives in the future': Ex-SoftBank executive opens up about making deals alongside Masa

In a conversation with Moneycontrol ahead of the release of his memoir, former SoftBank executive Alok Sama talks about his days at the fabled tech conglomerate — and betting on companies such as WeWork, Paytm, Ola, OYO, Arm and Nvidia

TECHNOLOGY

Ahead of festive season, ONDC cuts monthly incentive payout to each network player by 84%

No transaction on the network will qualify for more than a cumulative incentive of Rs 40 funded by ONDC

TECHNOLOGY

ONDC's new milestones: 100 million transactions; $100 million in ride-hailing fees

For driving the next stage of adoption in Tier 2 cities and beyond, ONDC has tied up with government-backed Bhashini to make e-commerce multilingual

TECHNOLOGY

ONDC's growth slows to 5% in August amid reduction of cash incentives

While the number of orders in the grocery segment had surged 61 percent in July, its contracted 11 percent to 1.28 million orders in August. The volume of food and beverage orders rose 12.5 percent month-on-month to 1.89 million

BUSINESS

Former Swiggy employee 'embezzled' Rs 33 crore from IPO-bound company

The company got an external team to investigate the matter and filed a 'legal complaint' against the former junior employee who embezzled money over the 'past periods' but the matter was identified in FY24.

TECHNOLOGY

Women are paid more than men in India's listed tech unicorns, except Nykaa

But, Nykaa has the highest percentage of women employees among the lot

BUSINESS

17 states saw retail purchases cross 100,000-mark on ONDC in June quarter

Delhi saw the highest number of retail orders at 1.46 million in the June quarter, followed by Karnataka at 1.29 million, Uttar Pradesh at 1.22 million, and Maharashtra at 1.19 million.

BUSINESS

A win-win for Paytm-Zomato shareholders? The deal holds promise for both NCR firms

While Paytm is looking for a turnaround story with the additional cash balance, Goyal needs to prove his believers right once again with what seems like a costly acquisition.

TECHNOLOGY

This bureaucrat-turned-startup investor bets on Vasudhaiva Kutumbakam to see defence tech exports surge

In an interview, retired IAS officer and now a startup investor, Ajay Kumar, talks about the kind of defence tech startups he wants to back, India's export opportunity in the sector, raising capital from domestic investors, and more

BUSINESS

SoftBank wants to invest in AI infra from balance sheet; use cases from Vision Fund

The expenses of an AI use case startup will be the revenue of an AI infra company — a great strategy to play the entire field, according to experts

BUSINESS

Investors want diversification: Swiggy-backer Accel on upcoming IPO amid Zomato surge

“It's not one platform that has dominant market share in every part of the country,” says Accel’s Prashanth Prakash at the Moneycontrol Startup Conclave

BUSINESS

Funding drought in growth stage is due to lack of investible companies, say top VCs

"There is actually a lack of good assets. There is a fundamental mismatch between assets in the public market and the appetite," said Accel's Prashanth Prakash.

TECHNOLOGY

SoftBank Vision Fund records $544-million loss on full exit from Paytm

In comparison, SVF has recorded a $394 million gross gain on an investment cost of $199 million in online insurance aggregator Policybazaar, which it has fully exited

BUSINESS

DPDP: Rules of data protection act likely to be out by end of ongoing Parliament session for consultation

The upcoming rules may bring in exemptions for certain institutions from restrictions on processing of personal data, put onus on data fiduciaries to immediately inform data protection board in case of breaches and so on

TECHNOLOGY

ONDC logs 21% rise in transactions to 12 million in July

Grocery logged the most significant growth in the retail segment last month as it grew 61 percent from 870,000 orders in June to 1.4 million orders in July

BUSINESS

Sharechat closes $16 million fundraise while firing up to 5% of workforce

The fundraise is an extension of its convertible debt round in which it has already raised $49 million from Tencent and existing investors such as Lightspeed

TECHNOLOGY

Delhivery says it has ‘zero incentive’ to join Meesho’s logistics platform

A logistics aggregation platform started by e-commerce unicorn Meesho called Valmo has hurt Delhivery's shipment volumes