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In today’s newsletter:

• Deepinder Goyal-backed LAT buys private jet
• E-commerce sellers cash in on mid-year sales
• India’s rich bet big on crypto

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Eternal CEO Deepinder Goyal, best known for building Zomato and reshaping how India orders food, is now making headlines for a different kind of delivery: a high-flying one.

LAT Aerospace, the aviation startup he backs, has purchased a Bombardier Global jet, sources told us. 

• The jet parked at Delhi’s VIP bay since June and was scheduled to fly today, we were told

• The exact model and registration number of the jet couldn't be ascertained

This comes just days after Goyal reportedly bought a Rs 52.3 crore luxury apartment at DLF Camellias in Gurugram.

In a post on X, Goyal denied the purchase:

"LAT is a startup, and has not bought any private jet. LAT is about making planes for regional aviation, and is not in the business of buying planes," Goyal said.

The startup has raised $50 million, with Goyal himself investing $20 million, and is currently hiring aerospace engineers and systems designers.

• Goyal’s portfolio spans Zomato, Blinkit, and Continue, a health and wellness venture, and now includes aviation with LAT Aerospace

Operating a private jet in India requires registering a corporate entity, DGCA’s NSOP license, and navigating GST regimes

• India is quickly becoming one of the largest markets for private jet ownership

• India leads South Asia with over 150 registered private jets, the third largest fleet in the Asia Pacific

Dig deeper

Big deals, bigger checkouts—Amazon and Flipkart’s mid-year sales show e-commerce still packs a punch, even as quick commerce carves out a growing slice of the shopper’s basket.

Mid-year mega sales turned casual scrolling into cart-stuffing sprees—and sellers were only too happy to fulfil the frenzy.

• Amazon’s 72-hour Prime Day blitz sparked demand across gadgets, grooming, groceries, and more

• Flipkart’s GOAT Sale delivered the goods, with fashion, beauty, and electronics flying off virtual shelves

For D2C brands and marketplace staples, the mid-year sales were a gold rush in digital disguise.

• ORACURA’s oral care gear saw a 5x sales jump; Kidara Toys had their busiest stretch in months

• Atomberg and Frido hit all-time highs—some sellers even ran out of packaging in the Prime Day rush

Quick commerce is zipping through cities—but e-commerce continues to cast a wider delivery net.

• 85% of quick commerce GMV came from just six cities last year, per Flipkart–Bain.

E-commerce grew over 21% in Tier 2 and 22%+ in Tier 3 towns during the sale window, Unicommerce data shows.

Dig deeper

Gone are the days when traditional assets like stocks and gold were the only reliable avenues for the rich.

In a move that signals a major shift, India’s wealthy are increasingly turning to digital assets as a hedge against the volatility of traditional markets. 

• Platforms like CoinDCX are buzzing with activity as wealthy investors pour serious money into crypto

• The big trigger for this global crypto fever is what’s being called “Crypto Week” in the US, which kicked off on July 14 

American lawmakers are debating three major bills, the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act, that could change the game for digital assets.

• Meanwhile, US President Donald Trump is doubling down on his pro-crypto stance

Local exchanges say HNIs aren’t just testing the waters anymore—they’re diving in with big chunks of their portfolios, a trend that picked up steam after Trump’s election and shows no signs of slowing.

For Indian investors, the US’s push for clear crypto rules is a ray of hope. 

• India’s crypto scene has been stuck in a grey area, with a 1% tax at source driving some traders to overseas platforms

But if the US can get its act together with solid regulations, it might nudge India to do the same, paving the way for a proper crypto ecosystem.

While the global crypto debate rages on, Bhutan is quietly making strides to integrate cryptocurrencies into its economy. 

• Partnering with Binance, the country has rolled out its first crypto use case—letting tourists pay for goods and services via Binance Pay

Bhutan’s involvement with crypto goes beyond tourism. The government has been actively mining Bitcoin using hydroelectric resources, making the country one of the world’s largest Bitcoin holders. 

• Bhutan has mined 13,000 BTC since 2020, worth $1.3 billion (around 40% of its GDP)

• OpenAI is reportedly working on new ChatGPT features that could reduce users’ dependence on Microsoft’s Office suite — particularly Excel and PowerPoint — by letting them generate and edit spreadsheets and presentations natively inside ChatGPT .
  
  
• Google has agreed to secure as much as 3 gigawatts of US hydropower in the world's largest corporate clean power pact for hydroelectricity, as the company pursues the expansion of energy-hungry data centers.

Rs 100 crore via media rights and sponsorship money --- that's Nodwin's three year game plan for the Esports World Cup.

• India is right at the heart of the company’s play thanks to homegrown contenders in games like chess and BGMI (Battlegrounds Mobile India).

Akshat Rathee, the Co-Founder, wants India to relive its 1983 cricket glory—this time on the global esports stage.

• Few in number, fierce in skill, India’s esports hopes ride high with grandmaster Arjun Erigaisi eyeing a top finish

Find out more

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