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Asmita Dey

Asmita Dey covers new economy at Financial Express.

Articles By Asmita Dey

198 Articles

For OTTs, regional flavour gets stronger

Analysts at EY estimate the share of regional language consumption on OTT platforms to cross 50% of total time spent by 2025, easing past Hindi at 45%

ZEE5 plans to launch a joint slate of over 30 originals and acquired content across Hindi, Tamil, Telugu and Punjabi through October-March

Low ticket sizes make e-selling in small town India a lot harder

As Arpit Mathur, partner at Kearney, points out there are differences of ticket sizes, language and behaviour that need to be addressed and all of which call for alternate strategies.

The smaller ticket sizes make the returns less attractive. Strategies like discounting and online advertising that typically work for a big city don’t do as well in a small town.

Edtech start-up Eruditus looks for acquisitions to broaden its portfolio

Besides, the Mumbai-based start-up will also look at acquisitions that have the potential to give the firm a foothold in the undergraduate segment.

Eruditus recently bagged a fresh $650 million in funding led by Accel and SoftBank Vision Fund 2 at a post-money valuation of $3.2 billion.

Fintechs see flow of funds as digital rises: Domestic firms attract about $2 billion funding between January & June

India and China accounted for the highest fintech adoption rate in the world’s emerging markets, as per a joint report published by EY and IVCA earlier this year.

India and China accounted for the highest fintech adoption rate in the world’s emerging markets, as per a joint report published by EY and IVCA earlier this year.

Beauty and personal care segment growth: On a strong foundation to go out and paint the town red

“Beauty products have very attractive gross margins. Companies need not raise funds every six months,” says Kaushik Mukherjee, co-founder & COO at SUGAR Cosmetics. What’s more discounts are smaller varying between 11.5-

Beauty and personal care segment growth: On a strong foundation to go out and paint the town red

Screen saver: Cinemas may need to rewrite scripts as OTTs now part of storyline

Experts believe exhibitors may now consider screening OTT in multiplexes, in a move that could work well for the streaming platforms too.

As much as films screened in the theatres are different from the content streamed on OTT platforms, there’s no denying audiences are now used to good quality programming – global and local.

New Chapter: Byju’s pays $500 m for Epic purchase

The transaction comes a little over three months after the Bengaluru-based start-up acquired Indian brick-and-mortar test prep service provider Aakash Educational Services in a near $1-billion deal, one of the biggest in the

Level playing field: E-commerce players seek clarity on draft new rules

The firms said activities such as cross-selling and flash sales are all freely prevalent in the offline commerce sector, but are sought to be restricted under these amendments

E-commerce companies typically make representations to the government via varied industry bodies.

More on the plate: New raise puts Swiggy valuation at $5.5 billion

The funding includes a first tranche of $800 million infused by a clutch of investors which the firm had announced internally in April and a fresh $450 million investment made by SoftBank Vision Fund 2 which is making its fir

The company claimed its daily grocery delivery service Supr Daily, which operates in major Indian cities, is reaching new users every month.

Film-makers continue to call the shots as OTTs starved of new content

It would appear the platforms are a lot more keen to get their hands on content, than film-makers are on digital releases

Some OTT players, though, are not in a rush to ink direct-to-OTT deals.

Mega Debut: Paytm ready for Rs 16,600-crore mega IPO

Files DRHP for the issue; large, high-profile investors to sell part of their shares

It is looking for a valuation of around Rs 1.47 lakh crore at the time of public listing. Paytm has reported the highest gross merchandise value of Rs 4.03 lakh crore in the payments industry.

Reliance Retail Ventures buys 41% in Just Dial for Rs 3,497 crore

As per the agreement signed on Friday, Just Dial founder VSS Mani will continue to be the managing director and CEO of the company.

Of the 40.95% acquired by Reliance Retail, the company has received a preferential allotment of 2.12 crore equity shares, which is equivalent to 25.33% post preferential share capital at price per share of Rs 1,022.25.

Multiple platforms: Small-budget Malayalam films spread their wings

It may be too early to surmise if this model will get a broader acceptance nationally but there are definitely some indications that the trend of having a multiple OTT release is gaining ground.

Jacob said that non-exclusive streaming on multiple platforms on a revenue sharing model also helps very small or independent films find their audience, as getting theatrical release is next to impossible without stars and big names.

Food joints down shutters as second wave takes a toll on business

While companies had been trying to get their businesses back in shape post the lockdown last year, a devastating second wave and the ensuing restrictions this year made it difficult for them to sustain operations. Arush Malik

It was becoming nearly impossible to shell out a significant Rs 8 lakh in rental payments per month amid dwindling sales.

Online shopping will not replace offline, both will continue to grow: Shashwat Goenka, head of retail & FMCG, RP-Sanjiv Goenka Group

Having said that, the offline retail business did get impacted in the early days of the lockdown last year as people were scared to step out.

Shashwat Goenka, head, retail & FMCG, RP-Sanjiv Goenka Group

Losses to continue for few years but e-grocers playing for big profits

Goldman Sachs expects grocery to be the biggest driver of incremental gowth, with a 44% contribution to incremental e-commerce gross merchandise value (GMV) between FY20 and FY25.

Trial run: Malyalam films to get exclusive 3-week window in theatres

The proposal has the backing of the Film Exhibitors’ United Organisation of Kerala (FEUOK), which has 350 screens in the state from a total of 650.

Atul Mohan, editor at Complete Cinema, said that Malayali Star Mohanlal commands huge popularity in Kerala and his movies have typically captured 80-85% of screen share in the state.

New e-commerce rules may hinder business growth of companies, say experts

Industry observers said the reading of the norms suggest that growth of certain private label brands like Amazon Basics may take a hit.

ecommerce

CCI investigation: Flipkart, Amazon challenge Karnataka High Court order before division bench

In September 2020, the CCI filed an appeal in the Supreme Court against the interim stay order issued by the Karnataka High Court, following which fresh hearing in the case started in the High Court.

The case, which dates back to January 2020, saw several hearings and submissions made by the parties concerned before the single judge dismissed the plea of the two e-commerce players last week, giving CCI the go-ahead to launch a probe against them.

Business recovery: Malls, restaurants pin their hopes on faster Covid-19 vaccination

A quick recovery will also help some malls support their staff, many of whom had been temporarily taken off payrolls due to stretched finances. Viviana Mall, for instance, had to cut about 50% of its employee strength during

If a shopper earlier spent Rs 1,000 on an average, he is spending Rs 1,600 now. Among product segments, electronics has already seen a near 100% recovery while departmental stores and active wear categories are clocking significant sales.

Rental economy gets pandemic boost as consumers turn cost-conscious

Online platform Furlenco, which rents out furniture, smart television sets and white goods to consumers, said it has seen an increase in its user base, which has translated into a 20-30% rise in monthly sales.

Urban Company valuation at $2.1 bn post $255-m fundraise

The company, which offers a range of regular and specialised at home services is also considering broadening its global footprint and some of the locations it is looking at are Indonesia, Malaysia, Hong Kong and Taiwan.

Audio streaming gains popularity as homebound listeners seek variety

Companies are building on their slate of podcasts, a segment that is increasingly finding favour with more users

With an estimated 57.6 million monthly listeners, India is the third-largest podcast listening market after China and the US, according to analysts at PwC

Eateries launch own ordering websites

“We used Instagram to market the brands. The marketing costs are justified given that we are building the brands for the long term,” Bhanage said.

Devidayal, who runs Mumbai-based dine-in brand The Table and four delivery only brands, said currently about 25% of her company’s total delivery revenues come from direct sales and 75% via aggregators.

PhonePe in talks to buy Indus OS for $60 million

If the negotiations are settled well in time, the deal could close in the next four to eight weeks, they said.

PhonePe did not respond to FE’s queries.

M&A is part of how we will seek growth in this ecosystem: Mayank Kumar, co-founder, upGrad

Many learners in the country aim to crack government jobs after completing their degree education.

Mayank Kumar, upGrad co-founder and MD

Stalled Shoots: OTTs may acquire content to strengthen pipeline of new releases

Most content companies FE spoke to said they may not be able to meet their quarterly targets and that some scheduled launches would be delayed. However, content planned to be released before June will stay on schedule since p

Netflix, Amazon Prime Video, Eros Now, SonyLiv, Voot did not respond to FE’s queries.
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