
Swiggy permanently shuts down its hyperlocal delivery service Genie across cities, shifting focus to higher-margin platforms like Instamart and Bolt.…
Quick commerce platforms are expanding private labels in high-margin categories like staples and packaged foods. Brands like BigBasket’s BB Royal…
The company’s app and website are no longer operational. While the defunct website shows ‘{“error”:”Something went wrong.”}’ message, the app…
Biswas is expected to work closely with Hemant Badri, senior vice president (SVP) at Flipkart, who was given additional charge…
The company’s financial troubles have also led to legal problems, with a group of creditors filing an insolvency application in…
The company’s financial performance has remained concerning, with losses jumping to Rs 1,801 crore in FY23 from Rs 464 crore…
Even the most promising start-ups stumble if they neglect financial prudence, lose focus on core strengths.
Industry sources said that Reliance Retail, which has a 25.8% stake and Google, which holds 20%, have refused to come…
On May 3, co-founder and CEO Kabeer Biswas had reportedly told employees that the company was on the verge of…
If Dunzo is able to raise funds, it will be a much needed breather for the company,
In the recent past, RIL acquired stakes ranging from 25-85% in four bigger start-ups – Netmeds, Urban Ladder, Just Dial…
The disruptions had less than 1% impact on Zomato’s revenue, the Gurgaon-based company said in a regulatory filing.
Quick commerce companies typically operate two broad models: a marketplace model where companies pick up products from a retail store…
The layoffs, which will affect over 300 workers, is part of a rejig announced by founder and Chief Executive Officer…
Vernacular social media app ShareChat laid off around 20% of its total workforce, which impacted at least 450-500 employees, said…
As Naveen Malpani, partner, Grant Thornton Bharat, pointed out that with a limited basket size, multiple players competing in a…
Sources added that Dunzo’s largest shareholders, Reliance Retail and Google, are unlikely to participate in the latest capital infusion.
“Financial year 2023 is going to be focused on rapidly growing its quick commerce business and achieving market leadership in…