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Deepsekhar Choudhury

Principal Correspondent

Moneycontrol

Principal Correspondent

Inter-city food delivery built to be profitable, will break even much faster: Zomato

BUSINESS

Inter-city food delivery built to be profitable, will break even much faster: Zomato

Inter-city version’s average order value is seen over Rs 950 – which is around 2.5 times that of intra-city food deliveries. As of now , 30 percent of the users ordering on any day are repeat customers

Smartphone bonanza drives e-commerce sales to Rs 24,500 crore in festive week: Redseer

BUSINESS

Smartphone bonanza drives e-commerce sales to Rs 24,500 crore in festive week: Redseer

Deals on iPhone, OnePlus propel phone sales to Rs 11,000 crore in first four days of festive season; around 1 crore phones to be sold online during the week

Flipkart, Amazon return to deep discounts, mega ad spends to kickstart festive sales

BUSINESS

Flipkart, Amazon return to deep discounts, mega ad spends to kickstart festive sales

Sellers on e-commerce marketplaces see 2-5 times jump in demand, compared to the tepid sales in the last few months. But they are unhappy over high costs of keywords, lower average selling prices and delayed dispatches

Telecom bill doesn't force decryption of OTT messages: Ashwini Vaishnaw

BUSINESS

Telecom bill doesn't force decryption of OTT messages: Ashwini Vaishnaw

The new telecom bill is expected to take 6-10 months to become law, but the government is not in a hurry, says the telecom and IT minister

Investors sceptical about Zomato's quick commerce foray at US roadshow: Jefferies

BUSINESS

Investors sceptical about Zomato's quick commerce foray at US roadshow: Jefferies

A lot of investors expressed a fundamental question on Blinkit’s existence, with comments like ‘why someone wants grocery delivery in 10-min?’

Zomato starts integration of food and grocery delivery fleets in multiple cities

BUSINESS

Zomato starts integration of food and grocery delivery fleets in multiple cities

In the best-case scenario, a fully-integrated delivery fleet is expected to reduce delivery costs for the company by up to 40 percent and improve rider earnings

Oyo’s ESOP costs grow 344% to Rs 680 crore in FY22; CEO Ritesh Agarwal’s remuneration up 250%

BUSINESS

Oyo’s ESOP costs grow 344% to Rs 680 crore in FY22; CEO Ritesh Agarwal’s remuneration up 250%

Despite the steep rise in ESOP costs, the hotel aggregator’s employee costs grew only by 7 percent as salaries and bonuses were brought down by 27 percent

The devil is in the details for Byju's: Five red flags from financial auditor's notes

STARTUP

The devil is in the details for Byju's: Five red flags from financial auditor's notes

Factors such as the year-long delay in filing of FY21 annual report, a large number of layoffs, and fundraising issues have spooked the company's stakeholders in the recent past.

‘If this didn’t break us, nothing will’: Byju Raveendran opens up about troubles of last six months

BUSINESS

‘If this didn’t break us, nothing will’: Byju Raveendran opens up about troubles of last six months

Byju’s has been embroiled in controversies regarding delays in filing financials, sales practices, layoffs and funding troubles. The founder and CEO of the edtech firm talks about it all in an interview with Moneycontrol

BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers

BUSINESS

BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers

Fintechs looking to capture market share from players restricted by new norms; see inflation as a tailwind for credit demand.

Three Policybazaar executives received ESOP grants worth Rs 1,044 crore in FY22

BUSINESS

Three Policybazaar executives received ESOP grants worth Rs 1,044 crore in FY22

Of the 18 million plus ESOPs granted by the company during FY22, around 61 percent were awarded to PB Fintech Chairman Yashish Dahiya, CFO Alok Bansal and Policybazaar.com CEO Sarbvir Singh

We are looking to address issue of UPI concentration with two players: RBI deputy governor

BUSINESS

We are looking to address issue of UPI concentration with two players: RBI deputy governor

While the National Payments Council of India had mandated a cap on onboarding of new users by UPI players with more than 30 percent market share, that has not been implemented yet.

IT Rules amendments to come in the next few days: Rajeev Chandrasekhar

BUSINESS

IT Rules amendments to come in the next few days: Rajeev Chandrasekhar

Minister of State in Electronics and Information Technology Rajeev Chandrasekhar said that a series of new technology legislation will be brought out in quick succession over the next few months, but they would be subject to intensive stakeholder scrutiny

Flipkart launches hotel booking service ahead of festive season

BUSINESS

Flipkart launches hotel booking service ahead of festive season

The company said that the new hotel-booking feature, Flipkart Hotels, on its platform will provide customers with the opportunity to book hotel rooms across three lakh domestic and international hotels

Exclusive | Meta says enacting gatekeeper norms in India will have chilling effect on startups

BUSINESS

Exclusive | Meta says enacting gatekeeper norms in India will have chilling effect on startups

Meta also argued that large players like itself can help bridge the digital connectivity gap by providing last mile connectivity and driving up digital adoption, and imposing gatekeeper norms would impair its ability to do so in India

E-commerce festive fervour may take a beating this year as inflation bites

BUSINESS

E-commerce festive fervour may take a beating this year as inflation bites

Festive season sales are expected to grow 15-20 percent year-on-year compared with 25-50 percent over the past few years, experts and analysts said.

We are thinking of an India listing: MakeMyTrip's Deep Kalra

BUSINESS

We are thinking of an India listing: MakeMyTrip's Deep Kalra

The Nasdaq-listed company settled at $33 dollars apiece on September 1. The stock has risen 31 percent since going public over a decade ago.

We are cutting down experiments, capex and M&As to preserve cash: Flipkart's Kalyan Krishnamurthy

BUSINESS

We are cutting down experiments, capex and M&As to preserve cash: Flipkart's Kalyan Krishnamurthy

Flipkart CEO says the digital shift due to Covid was overestimated by the markets.

Profitability remains elusive for Amazon in India, despite $6.5-billion investment: Bernstein

BUSINESS

Profitability remains elusive for Amazon in India, despite $6.5-billion investment: Bernstein

Brokerage firm expects the e-commerce market in India to grow at an annual rate of 30 percent to cross $130 billion by 2025

Zomato pilots inter-city food delivery, to rapidly scale new service over next few weeks

BUSINESS

Zomato pilots inter-city food delivery, to rapidly scale new service over next few weeks

This comes months after the company announced a 10-minute food delivery pilot in Gurugram which has not yet been piloted elsewhere

You can report Zomato delivery riders speeding on road: CEO Deepinder Goyal

BUSINESS

You can report Zomato delivery riders speeding on road: CEO Deepinder Goyal

Shareholders quiz management on plunging share prices, the path to profitability, and growth prospects in Zomato’s first annual general meeting after going public

Flipkart's Kirana partners account for over 30% of 100 million monthly shipments

BUSINESS

Flipkart's Kirana partners account for over 30% of 100 million monthly shipments

Launched in 2019, Flipkart’s Kirana delivery programme helps onboard local general trade stores, or kiranas, as delivery partners based on their availability and storage space

Eternal is an internal identity, no plan to rename Zomato app: Deepinder Goyal

BUSINESS

Eternal is an internal identity, no plan to rename Zomato app: Deepinder Goyal

In the stock exchange filing on Monday, Goyal maintained that the internal rebranding was not intended to imply a succession plan

Reliance AGM | Digital commerce platforms grow 2.5-fold to 6 lakh orders a day

BUSINESS

Reliance AGM | Digital commerce platforms grow 2.5-fold to 6 lakh orders a day

4.5 billion visits to digital platforms in FY22, up 2.3X compared to the previous financial year

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