BUSINESS
Amazon launches live commerce feature in India with 150 content creators
Amazon Live feature allows customers to directly interact with content creators who showcase products, answer customer questions in real-time, run polls, and offer limited duration deals
BUSINESS
ONDC ecosystem goes live for users at 16 Bengaluru pin codes today
The Bengaluru trials will begin with Paytm, MyStore and Spice Money as buyer-side apps – platforms where users can sign up and place orders via the network
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
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
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
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
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?’
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
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
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.
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
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.
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
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.
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
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
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
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.
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.
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.
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
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
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
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
