Priyanka Sahay

Special Correspondent

Moneycontrol News

Flipkart India's losses decline to Rs 3,150 crore in FY20

BUSINESS

Flipkart India's losses decline to Rs 3,150 crore in FY20

The net total income of Flipkart stood at Rs 34,610 crore as against Rs 30,934 crore in the previous financial year, recording an increase of 11.88 percent

Not just individuals, even govt bodies continue to use Chinese apps despite ban

BUSINESS

Not just individuals, even govt bodies continue to use Chinese apps despite ban

The Telecom Regulatory Authority of India recently sent out a press release that carried the watermarks of CamScanner, a Chinese app banned in India since July. Lakhs of individuals are also using many banned apps using VPN and APK. This has prompted experts to throw many questions on the ban.

Ola, Uber rides likely to get cheaper as government caps surge fares

BUSINESS

Ola, Uber rides likely to get cheaper as government caps surge fares

The government on November 27 came out with a set of guidelines to regulate cab aggregators in the country.

Centre defines aggregators through Motor Vehicle Aggregator Guidelines

BUSINESS

Centre defines aggregators through Motor Vehicle Aggregator Guidelines

"The guidelines may be applicable to aggregators on boarding transport vehicles in the area of operation. The vehicles that may be integrated by the aggregator shall include all motor vehicles under the act and e-rickshaw," said the 26-page Motor Vehicle Aggregator Guidelines issued on November 27.

Small-Town Startups | How a Patna-based company is getting doctors to Bihar villages

BUSINESS

Small-Town Startups | How a Patna-based company is getting doctors to Bihar villages

With Medishala Healthcare app, villagers get virtual consultation with doctors based in Patna and can also visit them in person if the need arises. The company has tied up with local chemists to arrange the appointments.

Like A Boss I Don’t like me? That's ok. We can still happily co-exist if there's respect: Oyo’s Ritesh Agarwal

BUSINESS

Like A Boss I Don’t like me? That's ok. We can still happily co-exist if there's respect: Oyo’s Ritesh Agarwal

Ritesh Agarwal, who built one of the world’s biggest hospitality brands, on his management style, inspiration, the book that has influenced him the most and more.

Zypp receives investment commitment of Rs 35 crore, in talks to raise Rs 60 crore

BUSINESS

Zypp receives investment commitment of Rs 35 crore, in talks to raise Rs 60 crore

Zypp currently has over 1,000 electric vehicles across Delhi, Gurgaon, Noida, Ghaziabad and Jaipur. It plans to expand to 10,000 vehicles across 20 cities by 2021.

Delhi's Kitchens Centre raises funds from Mark Zuckerberg, Jeff Bezos-backed Village Global

BUSINESS

Delhi's Kitchens Centre raises funds from Mark Zuckerberg, Jeff Bezos-backed Village Global

Kitchens Centre, which is currently operating over 35 ready-to-move-in kitchens across 15 cities, will use the funds to scale up operations and expand into newer markets in India

How Amazon tried to exercise the rights of a controlling shareholder in Future Retail without owning a stake

BUSINESS

How Amazon tried to exercise the rights of a controlling shareholder in Future Retail without owning a stake

Amazon cannot own Future Retail without violating India’s laws. As it tries to block Reliance’s takeover of India’s second-largest retailer, it finds itself in legal jeopardy.

How the likes of Amazon have circumvented India’s FDI laws

BUSINESS

How the likes of Amazon have circumvented India’s FDI laws

Deep discounting, predatory pricing, preferential treatment to select sellers and similar practices have shaken small retailers in India and made a mockery of regulations. Only proactive rule-making that is based on substance and not form can save the day for crores of traders who have been laid low by giant foreign retailers and the pandemic.

inFeedo raises $3.2 million from Bling, Freshworks founders

BUSINESS

inFeedo raises $3.2 million from Bling, Freshworks founders

The people analytics startup has also given partial exits worth $1.1 million to early investors and ex-employees.

Amazon, Flipkart may have to pay steep fines for failure of sellers to publish country of origin

BUSINESS

Amazon, Flipkart may have to pay steep fines for failure of sellers to publish country of origin

According to govt officials, since etailers are the facilitators, they will be held responsible. ‘The fine can start from Rs 25,000 for the first offence. It can get extended for multiple offences. There is no immediate clarity whether there will be a cap on the fine.

EXCLUSIVE: Swiggy, BigBasket, Zomato trying to tap nutraceutical space to remain fit, post-COVID

BUSINESS

EXCLUSIVE: Swiggy, BigBasket, Zomato trying to tap nutraceutical space to remain fit, post-COVID

Nutraceuticals are any food-related product which provide medical or health benefits. Rising health awareness, post the pandemic, throws a window of opportunity for companies to dive into the burgeoning segment, which is expected to touch $20 billion by 2023.

Scramble for customer acquisition passé, focus is on improving unit economics, says Swiggy COO Sunder

BUSINESS

Scramble for customer acquisition passé, focus is on improving unit economics, says Swiggy COO Sunder

COO Vivek Sunder says IPL 2020 has been good for business, and the pandemic has taught Swiggy a lot about customer behaviour, read on

Setting Sail podcast | Never had one meeting where investors unfairly pushed us to do something: Vivek Sunder, Swiggy COO

BUSINESS

Setting Sail podcast | Never had one meeting where investors unfairly pushed us to do something: Vivek Sunder, Swiggy COO

In this exclusive Setting Sail episode, Moneycontrol's Priyanka Sahay talks to Swiggy COO Vivek Sunder.

Aarogya Setu controversy | MakeMyTrip, 1MG links to COVID-19 app as speculation swirls on identity of creator

BUSINESS

Aarogya Setu controversy | MakeMyTrip, 1MG links to COVID-19 app as speculation swirls on identity of creator

The National Informatics Centre (NIC) earlier said it had no information about the creators of the Aarogya Setu app.

Festive season sales | Flipkart grabs 68% GMV share; number of shoppers jumps to 52 million: Redseer

BUSINESS

Festive season sales | Flipkart grabs 68% GMV share; number of shoppers jumps to 52 million: Redseer

Smartphones continued to be the biggest category, accounting for 47 percent of the overall GMV, driven by new launches and affordable models.

Got a raw deal on Amazon India and Flipkart this festive season? Here is why

BUSINESS

Got a raw deal on Amazon India and Flipkart this festive season? Here is why

You might have actually paid a premium for some of the products bought during the sales launched by Flipkart and Amazon India in 2020, according to a new study.

Flipkart claims to have made many sellers crorepatis; but this bunch in lurch after failing to sell enough

BUSINESS

Flipkart claims to have made many sellers crorepatis; but this bunch in lurch after failing to sell enough

This happens even as the e-tailers including Flipkart and Amazon are estimated to have sold goods worth $4.8 billion during the festive sale, which went on for six days

Food aggregators like Swiggy come back to crease, courtesy IPL

BUSINESS

Food aggregators like Swiggy come back to crease, courtesy IPL

Around 7,000 restaurants are being on-boarded per month on Swiggy, which is around 3,000 more than pre-COVID times.

Festive sale | e-tailers clock $4.8 billion in GMV, Flipkart sells 110 products per second

BUSINESS

Festive sale | e-tailers clock $4.8 billion in GMV, Flipkart sells 110 products per second

While Walmart-owned Flipkart hasn't shared its GMV numbers, it said over 50 percent of the 666 million footfalls during the six day period came from Tier III and smaller cities

Online festive sale | Goods worth $3.1 billion sold in first 4.5 days: Redseer

BUSINESS

Online festive sale | Goods worth $3.1 billion sold in first 4.5 days: Redseer

The gross merchandise value (GMV) stood at $2.7 billion a year ago

Why Amazon & Flipkart haven't managed to publish country of origin on all products

BUSINESS

Why Amazon & Flipkart haven't managed to publish country of origin on all products

While e-tailers are working to ensure that sellers comply with the government's orders, here are a few reasons why that has not happened already and if at all the companies can be penalised for this issue.

Big Billion Days | 50% new customers from Tier 3 and beyond cities: Flipkart

BUSINESS

Big Billion Days | 50% new customers from Tier 3 and beyond cities: Flipkart

Snapdeal too said that 90 percent of its orders were from Tier II and III cities, even as 30 percent of the total orders came from first time users

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