Hita Gupta

Payoneer empowers SMEs by connecting them to foreign markets; see how it works

The firm empowers SMEs by connecting them with businesses outside their domestic market and routing cross-border payments.
Eyeing online boost, Metro Cash And Carry to foray into segment by December

As online retailers such as Paytm Mall and Amazon have strengthened presence in B2C food retail, global wholesaler Metro Cash and Carry has also observed the opportunity in the B2B e-commerce space and announced that it will allow its customers to place orders online by the end of December
Swiggy loss soars 50 pct to Rs 205 cr as fight with Zomato, Foodpanda intensifies

Online food ordering platform Swiggy reported a 50% rise in its net loss to Rs 205 crore for FY17, according to its filing with the Registrar of Companies.
Online ticketing for Mumbai metro, buses: Ridlr goes a step further than others; here is how

Public transport services such as the metro rail in the bigger cities of India has made daily commute comfortable but local transit tech start-up Ridlr has gone a step further and added a layer of digitisation to public transport in India.
Paytm Mall reports Rs 13.6 cr loss, targets FMCG segment for growth

Paytm Mall, a marketplace operated by Paytm E-commerce, is expanding its base with broader foray into the fast moving consumer goods category.
BigBasket raises Rs 32.65 cr in funds from Helion Ventures; Grofers raises 96 cr from parent

Online grocer BigBasket has raised Rs 32.65 crore from Helion Ventures Partners III through allotment of 50,000 shares at Rs 6,509.25 apiece on September 27, 2017, according to the filing by promoter company — Supermarket Grocery & Supplies — with the registrar of companies (RoC).
Get My Parking startup app brings this big benefit for drivers

This start-up’s app enables customers to search, book and navigate parking space
From Amazon to ShopClues, how these online retailers are exploring higher margins in refurbished smartphone segment

As per industry estimates, new mobile phones fetch margins in the range of 3-5%, while margins on refurbished models can go as high as 10%.
Festive cheer: Flipkart, Amazon log 32 pct GMV jump in Sept-Oct period at $2.9 bn

Industry experts pointed out that a lion’s share of the GMV was accumulated in the first week of the sales as consumers were looking to buy large appliances before Diwali.
Kraftly startup’s ecommerce platform serves as destination for small firms selling lifestyle goods

Kraftly runs as a commerce platform for the unstructured and unbranded market and features about 5 million unique listings. The price point for the goods sold on this platform is Rs 650-700.
After Amazon clocks $400 mn festive season sales, Flipkart $850 mn, Amazon.com pumps in $250 mn in India arm

Global e-commerce giant Amazon.com has infused Rs 1,620 crore, or $250 million, into the Indian marketplace arm of operations — Amazon Seller Services, according to the company’s filing with the registrar of companies.
Ecommerce still lures big bucks in India, investors push in $2 bn in just 3 months

Amazon continues to make periodic equity infusions into its Indian outfit, having committed $5 billion to it. The other stand-out investor is SoftBank, which has funded Flipkart, Ola and Paytm.
This start-up offers holidays in luxury hotels across India at a flat price of Rs 2,999 per day

With middle-class Indian travellers looking for affordable holiday options, a stay in a luxury hotel would be inconceivable for most of them.
Paytm Mall operator Paytm Ecommerce neck deep in loss; company shrugs it off, says early days yet

Each government scheme, then, is free to dip into this list to come up with a list of beneficiaries depending upon the criterion it wishes to use. Paytm E-commerce, which operates Paytm Mall, reported a total loss of Rs 13.6 crore in the first seven months of operations ended March 31, 2017, according to company’s […]
Paytm Payments Bank loss: Vijay Shekhar Sharma led lender reports Rs 30.7 cr loss

Paytm Payments Bank has reported a total loss of Rs 30.7 crore for the period of seven months ending March 31, 2017, according to the company’s filing with the Registrar of Companies (RoC).
SBI turns to Artificial Intelligence-powered chat assistant; here is what you get

Artificial intelligence banking platform Payjo on Monday said it has launched an AI-powered chat assistant for State Bank of India to addresses customer enquiries.
MakeMyTrip leads online travel market

MakeMyTrip and GoIbibo have emerged as market leaders in the online travel category, capturing 31% and 27.4% market share, respectively, as on July 2017, as per a research report by Kalagato.
How to get Flipkart, Amazon-like discounts from offline stores this festive season: Check out the Magicpin

The hyper-local discovery start-up tracks consumer behaviour via user-generated content and offers loyalty points which can be redeemed at its partner merchants
Lenskart cuts losses by 12 pct to Rs 100 cr, CEO Peeyush Bansal says revenue up 3x at Rs 290 cr

Better engagement with customers and domestic manufacturing of lenses and frames have enabled eyewear brand Lenskart to trim its losses by 12% to Rs 100 crore in FY17 from Rs 113 crore in the previous financial year.
Tiger Global backed Chaayos breaks tech in Kettle

The Kettle app functions as the customer’s screen for ordering and runs data analytics at the back-end to generate customer insights.
Good news: IKEA set to double local sourcing in India

Swedish furniture major IKEA is expected to increase local sourcing from the current levels and add about 20-30 suppliers from its 50-supplier base over the next 3-5 years, Sandeep Sanan, new business manager, purchasing & logistics South Asia at IKEA told FE
Egrocer Milkbasket delivers daily basics at Rs 5 a shot; deploys Gurugrams idle workforce; check out unique strategy

AT A TIME when hyperlocal e-grocers LocalBanya and Peppertap were collapsing under the weight of heavy discounts, micro-delivery grocery platform Milkbasket which started operations in March 2015 was learning to survive.
Safal expects to grow 15% against industry average of 10%: Pradipta Kumar Sahoo, business head

Safal, fruits and vegetables, subsidiary of Mother Dairy is eyeing total sales of R700 crore for financial year ending March 31, 2018, which will be a jump of 10% over last year’s.
UClean: A laundromat in your neighbourhood

The start-up promises to wash your dirty clothes and deliver them to your doorstep.
GST impact on mobile phones: How new tax regime is bad for online and good for offline players

The roll-out of the goods and services tax seems to have taken a toll on sales of mobile phones by online platforms as they no more enjoy any pricing arbitrage over brick-and-mortar retail stores with the end of differential tax rates (VAT) across states.
Even as revenue soared 14x to Rs 32.8 cr, OYO Rooms posts 24x jump in losses in FY16

The SoftBank-backed Oravel Stays, which runs budget hotel aggrgrator service under OYO Rooms, has posted a 24-fold jump in losses to Rs 496 crore for the period ended March 2016, according to regulatory filings with the Registrar of Companies (RoC).
GST impact on retailers: Extra discounts on white goods slashed

As the Goods and services tax (GST) has increased the tax rates on white goods and kitchen appliances by as much as 3 percentage points, retailers have brought down their additional discounts on these products to 6% from 8% earlier.

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