Swiggy Goes Public, Stock Rises 18% On Opening Day
November 13, 2024
Zomato’s Deal With Pickingo In Trouble
Zomato’s deal with hyper-local delivery company Pickingo appears to be in trouble. Two months ago, the company had announced an investment in Gurgaon-based Pickingo, which would’ve seen Zomato own a 10% stake in Pickingo. But the plans appears to be on hold after recent developments, reported Economic Times.
TinyOwl Lays Off Another 100 Employees
In another bad news coming in from the food tech startup world, TinyOwl is set to lay off another 100 employees
Lionel Messi To Be Tata Motors’ New Brand Ambassador
Indian companies are slowly making a dent on the world stage. Tata Motors has roped in international soccer superstar Lionel Messi as its brand ambassador. This will be the first Indian brand promoted by Messi, who’s among the highest paid athletes in the world.
40% Of Ecommerce Goods In China Counterfeit: Report
Not too long ago, the world had its eyes on China as one of the fastest growing countries in the globe. Now its economy has been slowing down, and the future doesn’t look quite as bright any more. One of the bright spots in China’s economy was its e-commerce sector, where players like Alibaba were breaking new ground with their humungous sales figures. A new report, however, takes the sheen off these numbers.
Modi Government Gives Kick-start To Startups
As envisaged by the Startup India, Stand Up India initiative of Prime Minister Modi, announced in this year’s Independence Day address, the government wants to kick start start-ups by making the rules simpler so that innovators can unlock their entrepreneurial zeal.
Have E-commerce Firms Violated FDI Norms? RBI, ED Asked To Probe
The mega sales have ended. The partying is also over. E-commerce majors such as Flipkart, Amazon and Snapdeal are now in for some sobering news.
Government of India has asked Reserve Bank of India (RBI) and Enforcement Directorate (ED) to probe whether e-commerce majors have violated Foreign Direct Investment (FDI) rules by engaging in business-to-consumers (B2C) activity.
Facebook Ties up With BSNL To Provide Internet Connectivity In Rural India
Facebook will soon give rural India a big fillip by teaming up with BSNL for setting up 100 Wi-Fi hotspots in villages, at a total cost of Rs.5 crores. This will be on a revenue sharing basis. FB has agreed to buy bandwidth from India for a trial period of 3 years, which could be extended for a further 2 years.
Maggi To Return: Will It Taste The Same Success Post Comeback?
The popular noodle-brand, banned by the Indian government for containing a harmful ingredients in a few samples, is set to make a comeback. Will it retain the brand loyalty and popularity it once enjoyed or will struggle to find it feet again in the unrelenting and competitive Indian market?
Flipkart and Amazon Try Out Online Mystery Shoppers
With several online customers facing such bad experiences in terms of pricing discrepancies, non-availability of desired products, or even receiving sub-standard or fake products, online marketers are now pulling up their socks to ensure customer satisfaction on one hand, and prevent fraud on the other. And one of the approaches taken by many ecommerce platforms, including biggies Flipkart and Amazon is introduction of the Mystery Shopper.