BUSINESS
Visit to a dark store: Here’s what it takes to deliver that bag of groceries to you in 10 minutes!
With express grocery delivery becoming the new normal, Moneycontrol brings you a picture of the functioning of dark stores – an indispensible facet of the new-age economy.
BUSINESS
Biryani, Samosa and Gulab Jamun top Swiggy's order charts in 2021
Bangalore emerged as the most health-conscious city, followed by Hyderabad and Mumbai.
STARTUP
B2B seafood marketplace Captain Fresh raises $40 mn in round led by Tiger Global and Prosus Ventures
Existing investors Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund also participated in the round.
BUSINESS
Hyperlocal orders increased to over 17% in 2021, says Flipkart
Flipkart has also witnessed a 47% year-on-year (YoY) customer growth in Tier 3+ cities this past year.
TRENDS
Dodgy cryptocurrency ads, although pledged to cease, are still on
Despite a government nudge and an industry commitment to stop misleading advertising, questionable content is still seen on various platforms
CRYPTOCURRENCY
Women prefer Bitcoin, men traded partial to Shiba Inu, WazirX 2021 survey finds
Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), WazirX Token (WRX), and Matic (MATIC) were the most-traded crypto on the exchange.
BUSINESS
Amid growing competition, Rebel Foods to invest $150 million to acquire more brands
The Mumbai-based cloud kitchen company, which has built more than 45 brands across 10 countries and operates more than 4,000 internet restaurants, plans to expand its presence to 100 cities
BUSINESS
Some experts hail SC move to hear gig workers' plea, some see dark cloud on economy
The petition raised questions whether the gig workers are eligible over the ‘Right to Social Security’ and also other benefits like insurance, provident fund, gratuity, maternity benefits among others
BUSINESS
Exclusive | Introduce licensing for exchanges, KYC and FEMA norms for customers: crypto industry tells Parliamentary panel
The crypto industry body clarified that the intent is for crypto-tech to co-exist seamlessly with sovereign currencies rather than replace or compete with them. It answered the Parliamentary Standing Committee’s queries on how cryptos can be classified, according to sources.
STARTUP
Pseudonymous social network Zorro raises seed fund from unicorn founders and venture capital firms
The funds will be used to build a tech team, with strong problem solving skills that can build and scale the product.
BUSINESS
Employers watch out: Gen Z is here, aggressive and assertive
Members of this generation are challenging the norms that were once taken for granted, but they also find it easy to talk about it with psychologists and counsellors.
BUSINESS
Global venture firms look to invest in Web3, blockchain startups in India
Antler has built an existing portfolio of 14 web3 and blockchain ventures, including Hodlnaut, Art Wall Street, Alpha Impact and Xanpool.
STARTUP
D2C brands treble funding this year to $2 billion through 105 deals
The segment had witnessed a dip last year when it raised $735 million across 97 deals
BUSINESS
Meesho’s Vidit Aatrey on competition from Flipkart and Amazon, evolution of social commerce and more
"We did north of 80 million orders just in October. This is an average of 3 million orders per day. The peak order that we did, is much, much higher, says Aatrey
BUSINESS
Growing number of crypto investors face glaring dearth of tax consultants
Over the years, the scarcity of tax advisors in the crypto space has only widened as new products such as NFTs become popular.
BUSINESS
Wipro's culture is changing but values will not: Rishad Premji
Although the business has undergone a lot of changes since its genesis in 1945, Premji says the values of the organisation remain the same.
BUSINESS
Explained: All that we know about the upcoming Cryptocurrency Bill 2021
Industry experts and lawyers expect regulations to ensure better monitoring of crypto transactions and guidelines around penalties for fraudulent activities. Clarity is awaited on how crypto assets and related services will be taxed.
CRYPTOCURRENCY
Interview | More optimistic of crypto regulation in India than an outright ban: WazirX Co-founder Nischal Shetty
On a day when all India can talk about is cryptocurrencies, WazirX Co-founder Nischal Shetty spoke to Moneycontrol.
BUSINESS
Panic laced with optimism grips investors as House sets table for Crypto Bill
The industry is concerned mainly about ‘private cryptocurrencies’ which are likely to be prohibited as per understanding of the Bill.
BUSINESS
Myntra forays into influencer-driven live commerce with M-Live
Myntra will become one of the first major ecommerce platforms in the country to adopt the live shopping model, which has seen significant success in China.
BUSINESS
Dream11, other Indian gaming companies look to launch NFTs
The experts tracking the space say that NFTs have the potential to replace in-app purchases which are said to have grown 10-times in the last three years.
BUSINESS
Crypto exchanges may slow down on advertising after concerns raised by Centre
The issue of curbing any non-transparent advertising on cryptocurrency trading was raised in the government meeting chaired by the Prime Minister and also in the meeting held between industry representatives and the Parliamentary Standing Committee on Finance.
BUSINESS
How Babychakra, Sugar Cosmetics, Nykaa & others built their brands through communities
Experts say that various brands use communities differently. While it helps in marketing new products, and generates leads, it also engages with customers and personalizes the experience.
CRYPTOCURRENCY
Crypto industry to submit written response to Centre on operations, how India stands to benefit
The Parliamentary panel meeting comes shortly after a high-level meeting convened by Prime Minister Narendra Modi held on November 10, wherein industry experts discussed the concerns and the way forward.
