The World’s Biggest IPO By The World’s Most Profitable Company Opens Today 

The World’s Biggest IPO By The World’s Most Profitable Company Opens Today 

  Chinese e-commerce giant Alibaba is likely to be dethroned as the company with the biggest IPO (initial public offering) ever, a position it has held for over five years. Saudi state-owned oil giant Aramco – the world’s most profitable company – is coming out with its IPO today, November 19, 2019. In September 2014, Alibaba raised US$ 25 billion from its IPO. Today, Aramco is selling 1.5 per cent of its holding, that is,…

One Out Of Every Three COD E-Commerce Orders In India Remains Undelivered: Study

One Out Of Every Three COD E-Commerce Orders In India Remains Undelivered: Study

E-commerce companies in India are deep in the red, and experts attribute this to several reasons. Some say that these companies are losing money because of unsustainable discounts, others say that it’s because of the extreme competition, and yet others feel that their business models are flawed. But one factor that’s bleeding e-commerce companies dry isn’t quite as well known among the general public — the returns on cash on delivery orders. One out of…

As Pollution Levels Soar, Someone Has Opened An “Oxygen Bar” In Delhi

As Pollution Levels Soar, Someone Has Opened An “Oxygen Bar” In Delhi

As pollution levels have soared in Delhi, angry citizens have taken to social media, politicians have been scrambling for solutions, and the rest of the country has marveled at the rapidly rising AQI levels. Amidst all this, a Delhi-based entrepreneur has managed to spot an opportunity to cash in on the situation. Delhi, which is known for its proud drinking tradition, is now home to an oxygen bar. An oxygen bar is exactly what it sounds like…

Softbank’s New Investment In Paytm To Include Clause On Going Public In 5 Years: Report

Softbank’s New Investment In Paytm To Include Clause On Going Public In 5 Years: Report

Softbank has burnt its hands with Uber and WeWork, but it seems to be trying to make sure that it doesn’t repeat those same mistakes in India. Softbank’s latest financial round in Paytm will come with the stipulation that the company goes public in five years, ET has reported. If an IPO doesn’t take place, Softbank will reportedly have the right to sell its stake in Paytm to a rival company. This stipulation is a part…

Chinese Companies Now Control 70% Of India’s Smartphone Market

Chinese Companies Now Control 70% Of India’s Smartphone Market

The dragon has firmly cast its stranglehold over the Indian smartphone market. Chinese handset makers Xiaomi, Vivo, Realme and Oppo control, between themselves, about 68% of the market share as per figures of Q3 2019 released by an IDC quarterly mobile tracker report. Xiaomi occupied the number one position in the Indian smartphone market with a 27% market share. Its models Redmi 7A, Redmi Note 7 Pro and Redmi Note 7S were the best selling smartphones…

Uber Founder Travis Kalanick’s New Startup CloudKitchens Sets Up Mumbai Office, Builds India Team

Uber Founder Travis Kalanick’s New Startup CloudKitchens Sets Up Mumbai Office, Builds India Team

In 2016, Uber founder Travis Kalanick had visited Mumbai, and had been accorded a hero’s welcome. He’d met Sachin Tendulkar, and had spoken to a fawning audience at IIT Bombay. Three years later, Kalanick is back in Mumbai, but under decidedly different circumstances. Travis Kalanick’s new startup, CloudKitchens, has set up an office in Mumbai, and is building an India team. ET reported that the company, which is currently running in stealth mode, has started engagements…

Dunzo Spent Rs. 172 Crore To Earn Rs. 76 Lakh Last Year

Dunzo Spent Rs. 172 Crore To Earn Rs. 76 Lakh Last Year

It’s now commonly accepted that startups will burn money in their initial days to earn market share, but it’s staggering how much money some startups are willing to burn. Hyperlocal delivery startup Dunzo had expenses of Rs. 172 crore last year. But it earned revenues from operations of just Rs. 76 lakh, which meant that it reported a loss of Rs. 168 crore for the period. In essence, Dunzo spent Rs. 225 to earn every…

Alibaba Has Just Sold More Goods In 86 Minutes Than Amazon And Flipkart Together Sold In 2018

Alibaba Has Just Sold More Goods In 86 Minutes Than Amazon And Flipkart Together Sold In 2018

It’s well known that China’s e-commerce market is far larger than India’s, but it’s breathtaking how wide the gulf really is. Chinese e-commerce giant Alibaba has just sold more goods in 86 minutes than Amazon and Flipkart together sold in all of 2018. One hour and 26 minutes into Alibaba’s flagship Single’s Day sale, Alibaba had sold goods worth $17 billion (Rs. 1,20,000 crore). In comparison, Amazon had sold goods worth $7.5 billion in FY18,…

WhatsApp Founder Jan Koum Trolls Facebook After It Adds A Splash Screen On WhatsApp

WhatsApp Founder Jan Koum Trolls Facebook After It Adds A Splash Screen On WhatsApp

The smallest of product changes can irk founders who originally created the product, even if they’re no longer involved with the product in question. Jan Koum, who’d founded WhatsApp ten years ago along with Brian Acton, has trolled Facebook after it added a splash screen to the messaging app. WhatsApp’s latest update now causes the WhatsApp logo to briefly appear when WhatsApp is launched, as opposed to directly going to the chats. This development doesn’t appear…

Former Uber CEO Travis Kalanick’s New Startup CloudKitchens Is Already Worth $5 Billion

Former Uber CEO Travis Kalanick’s New Startup CloudKitchens Is Already Worth $5 Billion

They say lightening doesn’t strike twice, but nobody bothered to tell Travis Kalanick. Kalanick, who led Uber into becoming the world’s most valuable startup before he was unceremoniously ousted from his own company, has hit the ground running with his new entrepreneurial venture. Kalanick’s secretive new startup, CloudKitchens, has quietly raised $400 million from Saudi Arabia’s sovereign wealth fund, and the deal has valued his barely-one-year-old company at a cool $5 billion. While CloudKitchens is…

1 2 3 4 5 148