Swiggy Says It Is Now Delivering 15 Lakh Orders A Month On Cycles

Swiggy Says It Is Now Delivering 15 Lakh Orders A Month On Cycles

As India’s food delivery market is growing bigger, it’s also branching out into newer ways of performing deliveries. Swiggy has said that it now delivers as many as 15 lakh orders a month through mechanical cycles. Out of Swiggy’s overall delivery fleet of 1.7 lakh, 10,000 deliver orders while riding cycles. Twenty percent of these riders are in Tier 2 and Tier 3 cities like Surat, Belgaum, Guwahati and Lucknow. “A couple of years back we initiated…

China’s Ctrip Now Owns 49% Of MakeMyTrip After Exit of Existing Investor Naspers

China’s Ctrip Now Owns 49% Of MakeMyTrip After Exit of Existing Investor Naspers

One of India’s oldest travel portals now has a Chinese giant as its biggest investor. China’s Ctrip now owns 49% of MakeMyTrip after the exit of long-term investor Naspers. Naspers has sold its entire stake in MakeMyTrip in exchange for 5.6% of shares in Ctrip, effectively exiting the Indian travel portal and becoming an investor in Ctrip instead. After the deal, Ctrip owns 49% of MakeMyTrip that’s worth $1.3 billion (Rs. 10,000 crore), and has…

Quikr Has Acquired Refurbished Furniture Platform Zefo For A Reported Rs. 210 Crore

Quikr Has Acquired Refurbished Furniture Platform Zefo For A Reported Rs. 210 Crore

Quikr continues to be live up to its reputation of being the acquirer of choice for all manner of Indian startups. Quikr has acquired refurbished goods player Zefo for $30 million in a cash and stock deal. Quikr will use Zefo to scale up its own pre-owned goods marketplace. This is Quikr’s 15th acqusition since it was founded in 2008. Zefo had been founded in 2015, and had raised $19 million (Rs. 133 crore) in…

Microsoft’s Valuation Touches $1 Trillion, Only Third US Company To Reach The Milestone

Microsoft’s Valuation Touches $1 Trillion, Only Third US Company To Reach The Milestone

Until August 2018, there were no trillion dollar companies in the US. Since then, three different companies have touched the milestone. Microsoft’s market cap briefly touched $1 trillion (Rs. 60 lakh crore) after its stock price rose 4.4 percent following strong earnings. Microsoft’s shares traded at $130.54 in late trading, giving the company an overall market cap in excess of $1 trillion. Microsoft’s stock has gained about 23% gain this year, catapulting it into the trillion…

Softbank To Invest $2-3 Billion In Reliance Jio: Reports

Softbank To Invest $2-3 Billion In Reliance Jio: Reports

Thus far, Softbank had been heavily investing in all manner of Indian startups — everything from e-commerce to cab hailing to grocery delivery was fair game. Now it appears that it also has its eye on the biggest company in the country. Softbank is looking to buy a $2-$3 billion (Rs. 14,000-21,000 crore) stake in Reliance Jio, reports have said. SoftBank’s Vision Fund, the $100 billion fund that’s thought to be the largest ever in venture…

Indian Startups And Companies Have Come Forward To Offer Jobs To Displaced Jet Airways Employees

Indian Startups And Companies Have Come Forward To Offer Jobs To Displaced Jet Airways Employees

As a giant of Indian business has faltered, newer players have stepped up to help out those affected. After Jet Airways shut down operations on 19th April, several Indian startups and companies have come forward and offered jobs to its employees. Jet had over 20,000 people on its rolls which, with the company temporarily out of business, are effectively out of work. But several businesses have stepped up and offered to help them out. “With the sad…

The Rise And Fall Of Jet Airways In One Video

The Rise And Fall Of Jet Airways In One Video

India’s skies haven’t been quite the same for the last few days. Jet Airways, one of the country’s most prominent airlines, has temporarily shut down its operations. Jet had been struggling for a few years, and after hectic negotiations over its future failed, it was forced to to halt all its domestic and international flights. It was the dramatic culmination of a near-three-decade journey, in which Jet Airways, which had started off in 1993 running…

15 Indian Employees Reveal Ways They Make Money On The Side

15 Indian Employees Reveal Ways They Make Money On The Side

Money. That’s the thing with it. The more you have, the more you want. And turns out, the smarter you are, the more you can make of it. Not satisfied with just getting a monthly paycheque, there are some people who like to go beyond the day job and earn a side income. We had done an infographic on some of the ways one can earn extra alongside a full-time job. It’s great to see that, almost a year later, there’s a good number of people already practicing a lot of these. Whether to earn just that little extra, or just to keep your very monetisable passion alive, these enterprising people have managed to turn their hobbies, passion, skills and smarts into sizable income.

Reliance Jio Records Sixth Straight Profitable Quarter, Makes Profit Of Rs. 840 Crore

Reliance Jio Records Sixth Straight Profitable Quarter, Makes Profit Of Rs. 840 Crore

Reliance had caused some raised eyebrows when it had first said that its Jio arm was profitable for an entire quarter, just around a year after it had launched. It’s now gone ahead and repeated the feat six times over. Jio has recorded its sixth straight profitable quarter for the January-March period, recording a profit of Rs. 840 crore. This was up by 65% from the profit recorded over the same period last year, when…

Here’s How Indian Companies Are Doing Their Bit To Help Out With The Elections

Here’s How Indian Companies Are Doing Their Bit To Help Out With The Elections

Urban Indian consumers are currently king  — over the last few years, all manner of companies have been lavishing them with discounts and freebies, hoping to earn their business. And while most companies give away discounts usually win customer loyalty, some are doing so for something more important: the nation’s democracy. Several Indian companies have come out with a host of offers and discounts to incentivize Indian voters to go out and cast their votes in the Indian…

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