Page 17 - Udisha Srivastav

Electric ride-hailing co BluSmart halts cab bookings amid Gensol crisis

Sources also confirmed that the Uber and BluSmart deal is being re-evaluated

India's D2C segment sees funding decline to $757 million in 2024

The decline in funding can be attributed to investor caution amid global economic slowdown, oversaturation of similar brands, and fluctuating unit economics driven by high customer acquisition costs

Need central-level uniform regulation for gaming sector: Winzo Cofounder

Currently, several states have their own sets of norms for the industry

Ecom means biz with AI: Technology repurposed to serve Indian customers

As more people in towns and rural areas shop online, firms are localising and training AI tools for cultural nuances

Ahead of IPO, Zepto appoints Airtel's Akhil Gupta to company board

Currently, Zepto's board includes co-founders Aadit Palicha and Kaivalya Vohra, alongside Avra founder Anu Hariharan and Nexus Venture Partners co-founder and managing director Suvir Sujan

IIMA Ventures to back 30 deep-tech startups with Rs 40 crore fund

In August 2023, both institutions signed a memorandum of understanding (MoU) to establish a jointly funded initiative with equal contributions from each side

Logistics startup Xindus raises $10 mn for expansion in India-US corridor

The Gurugram-based company plans to utilise the capital to scale its operations in the India-US corridor while expanding across the United Kingdom, Canada, Australia, Europe, and the Middle East

More than 57% of gig workers experience stress during instant deliveries

Around 56.5 per cent of gig workers believe that 60-minute deliveries allow them to earn more profit while completing more orders without the pressure of constant urgency

Zepto says it's nearing $4 bn annualised GOV, reduced operating cash burn

Quick-commerce company growing meaningfully, says CEO Aadit Palicha

Drone-based package delivery set to take off across Delhi-NCR soon

Skye Air has set a target to deliver 5 million packages via drones this CY. The company said it delivered 1.2 million packages in CY24

Flipkart Minutes joins Blinkit, Zepto to deliver phones in 10 minutes

This development follows similar moves by rivals Blinkit, Swiggy Instamart and Zepto, who have also ventured into delivering smartphones to meet the growing demand for ultra-fast deliveries

Amid financial crisis, BluSmart reaches 25 million trips milestone

Despite the company's challenges, BluSmart has assured that its ride-hailing operations will remain unaffected and also denied its sale to any competitor business

Swiggy Instamart launches new in-app feature 'Maxxsaver' for savings

Swiggy Instamart currently offers over 35,000 products, ranging from groceries and daily essentials to electronics, smartphones, fashion, makeup, and toys

Nykaa expects strong growth in Q4 FY25, beauty vertical leads charge

The company's revenue growth for FY25 is also expected to be in the mid-20 per cent range

Big-tech global firms challenge homegrown startup growth: CCI top official

At the Startup Mahakumbh, CCI Director General Ansuman Pattnaik asked startup founders to file a complaint before the commission if their business has been hindered because of a big firm

Focus should be on product-led innovation models: Meity Startup Hub CEO

During the Startup Mahakumbh, Panneerselvam Madanagopal, chief executive officer (CEO) of Meity Startup Hub, urged young founders and entrepreneurs to move beyond service-driven models

Indian startups respond to Piyush Goyal's ecosystem comment

Goyal on Thursday had questioned if startups were content with low-paying gigs

India must innovate, not become tech colony of others: Amitabh Kant

It must build AI systems built on domestic datasets that don't have biases of the West, he says

Flipkart Minutes expands footprint with 200 dark stores in 14 cities

During the event, Mishra also mentioned that customer behaviour is evolving as they are looking for speed alongside selection and value proposition

Startup Mahakumbh: 'India's rural, agri-tech startups lagging behind'

Industry experts said that to boost startups in the agri-tech space, there is a need for collaboration between different players in the ecosystem