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Indian fintech sector: A resilient green shoot of the start-up ecosystem

India maintained its position as the third-highest funded fintech industry globally, following the US and UK, similar to last year

Quick commerce gains traction as firms edge towards profitability

Blinkit to provide greater shareholder value than Zomato in a decade, says Deepinder Goyal; Zepto eyes cashflow positivity in a year

Apple India revenue grows double digits to hit June qtr record: Tim Cook

The company posted a quarterly revenue of $81.8 billion, down 1 percent year-on-year (YoY), and quarterly earnings per diluted share of $1.26, up 5 per cent YoY

Zomato tastes first ever profit at Rs 2 crore in Q1; revenue soars 71%

"Knowing what we know today, we believe we will continue to deliver over 40 per cent YoY top line (adjusted revenue) growth for at least the next couple of years," said Akshant Goyal

Dunzo fully integrates seller app onto ONDC, will onboard 20k merchants

Quick commerce firm will provide merchants customer and last-mile logistics delivery support for joining network

Centre asks e-commerce platforms to stick to their business model

Draft e-commerce policy to be out in few weeks; stakeholder consultation process-led by Goyal held

India's smartphone market on the mend, Q2 CY23 shipments slip just 3%

Though overall shipments declined for the fourth consecutive quarter, their magnitude reduced significantly, from 19 per cent YoY in Q1 to 3 per cent in Q2

Reliance Retail launches new 4G-enabled JioBook priced at Rs 16,499

The company had launched a previous version of the JioBook discreetly in October last year, offering it to a select group of buyers

Zepto should be cash flow positive in 12-15 months: CEO Aadit Palicha

Data shows that 10-minute deliveries matter to customers, says leader of quick-commerce firm

OYO's adjusted Ebitda grew 25x to Rs 175 cr in Q1 FY24, says CEO

Hospitality firm added more than 1,000 hotels and 3,500 homes to its platform in Q1 FY24: Ritesh Agarwal

Magicpin app crashes under tomato demand, stocks sold out within 10 mins

The surge in traffic resulted after the firm announced its 'tomatoes @ Rs70' initiative

Magicpin app crashes under tomato demand, stocks sold out within 10 mins

The surge in traffic resulted after the firm announced its 'tomatoes @ Rs70' initiative

ESOP buybacks among Indian start-ups may resurge as macro headwinds ebb

ESOP buybacks, the primary method of liquidation for employee-owned stocks, usually follow the prevailing funding trend

Nazara Tech's Q1 profits surge 31% to Rs 20.9 crore, revenue up 14%

In the previous quarter, the firm's profit after tax stood at Rs 9.37 crore

India's 'mass' consumers to lead $300 bn e-com opportunity by 2030: Redseer

Redseer's report added that approximately 70% of mass consumers have increased their shopping frequency on e-commerce platforms in the last one year

Indian fintech start-up funding plunges 67% to $1.4 bn in 1st half of 2023

This decline in funding was largely due to the downward trend in early-stage investments, which plunged 81 per cent and 68 per cent from H1 2022 and H2 2022 respectively

28% online gaming GST: Indian e-sports industry to emerge unscathed

Since e-sports has now been officially recognized by the government and does not involve wagering or betting of any kind, the new GST would not be applicable to the industry, say e-sports experts

Swiggy announces second tranche of ESOP buyback plan totaling $50 mn

Employees who moved from Dineout after Swiggy bought it last year, will also be eligible for the liquidity programme

Narayana Murthy's Catamaran aims to double AUM to $2 billion in 5 yrs

It has shifted focus from early-stage investments to growth and late-stage bets

Swiggy builds generative AI-powered search for personalised recommendations

Dubbed neural search, the new AI features will allow users to search for dishes and restaurants using conversational and open-ended queries and receive recommendations tailored to their specific needs