Swiggy is following a path that seems similar to what Meituan, one of China's largest O2O (online-to-offline) platforms that delivers food, sells movie tickets and offers hotel reservation, has done so far, reports Patanjali Pahwa.
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 per cent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said. In an email to employees, Aggarwal made it clear that the prognosis ahead for the business is "very unclear and uncertain" and the impact of this crisis is "definitely going to be long-drawn for us".
Rajesh Karkera journeys through verdant countryside to the little-explored pristine Lonar lake in eastern Maharashtra.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
This is the second such incident in the city in last few days.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Rohit Sharma, who is the vice-captain of the Indian ODI team, has donated Rs 45 lakh and Rs 25 lakh to the and CM's Relief Fund (Maharashtra) respectively. He has given Rs 5 lakh to 'Zomato Feeding India', which is helping families affected by the ongoing national lockdown, and another Rs 5 lakh to help aid the welfare of stray dogs.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
'A lot of first-time users who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals.'
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
'Waiting for a market correction and optimising entry time in the markets will be akin to missing the woods for the trees.'
After a recent spate of big-bang funding of food discovery and delivery apps, experts believe the sector's consolidation might be over and the remaining players are here to stay and thrive.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Internet entrepreneurs are the next big thing in India.
No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.
Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy.
Fresher hiring is expected to more than double compared to last year.
What made these 10 businesses rise above the rest? Read on to find out...
'I saw an opportunity to provide people with employment, enabling them to sustain themselves and, in the process, help alleviate society's suffering.'
India is currently home to 52 unicorn startups and one of the fastest-growing startup ecosystems.
The silver lining is that after two years, e-commerce has emerged as the top sector with $689 million in investments across 15 deals, accounting for 43 per cent of all investments in January 2021.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
None of the top five start-ups launched by IITians - Flipkart, Zomato, Ola Cabs, Housing.com and Inmobi - were incubated at IITs
Hint: The Leela houses the actor's favourite Italian restaurant.
High penetration of internet, increased use of smartphones help the cause of top e-commerce firms, leading to a rapid rise in their valuations.
A new logo can harm image than doing good, say experts.
There is a lot of police action on the ground and even inter-state movement has been stopped, because of which deliveries of essential items via platforms, such as Flipkart, Amazon, Grofers, and Milkbasket, aren't happening. Food-delivery firms -- Swiggy and Zomato -- are facing similar challenges, according to the sources.
'Kindly advise about the following stocks. Can I hold or exit?'
'Sure, we are teenagers who are doing this part time, but we feel we are making some sort of an impact.'
What India's top restaurants are doing to satisfy your food cravings.
Backed by China's Tencent and Prosus NV, Swiggy has around 8,000 employees.
Indian companies had invested $7.34 billion.
Google of food, Zomato is keen to do more acquisitions in 2015.
For India startups, pulling in the reins now may enable them to live longer - even if it means shedding their unicorn status, says Una Galani.
Though fundraisings for startups still rank amongst the biggest deals struck this year, the average ticket size has fallen sharply, says Una Galani.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
As COVID-19 cases are on the rise in Tamil Nadu, Palaniswami on Friday had announced a complete shutdown beginning Sunday in Chennai, Coimbatore and Madurai for four days, disallowing grocery shops as well and fully curtailing movement of the public.
Vikramank Singh looks back at the year gone by!
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
