Swiggy FY22 loss doubles to ₹3,628 cr; revenue grows 2x
The net loss of the food and grocery delivery platform widened due to sharp rise in expenses, which spiked to ₹9,748.7 crore, from ₹4,292.8 crore a year ago.
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What’s the hype around 10-minute delivery concept? Pros & cons
The buzz around 10-minute delivery is so strong that almost all top food delivery startups – Zomato, Swiggy, Ola, Zepto, Blinkit, BigBasket – have now come up with their version of quick commerce.
Tata Sons financials to fuel 'Super App'
The 142% growth in the group holding company's profits will be ploughed into new digital and electronics businesses.
Two disastrous summers: Symphony’s Achal Bakeri
Hit by the pandemic, the air cooler maker’s net profit declined 41% in FY21. However, the company’s international business managed to arrest the domestic impact to some extent, says CMD, Bakeri.
What’s cooking in India’s e-grocery market?
The Tata group, one of India’s oldest conglomerates, recently acquired a majority stake in BigBasket, one of the biggest players in the booming e-grocery space. But the competition is stiff.
40 Under 40: The story of Pocket Aces
Ashwin Suresh, Aditi Shrivastava, and Anirudh Pandita quit their Wall Street jobs to create Pocket Aces. Today it runs the country’s largest socially distributed content network.
The Tatas and the art of the light touch!
The digital acquisitions are all fine. But can N. Chandrasekaran manage the paradox of integrating them and yet not integrating them?
40 Under 40: The money manager
Ashish Dave, who started his VC journey as an intern less than nine years ago, has overseen the investment of around $200 million into companies such as Ola, BigBasket, and Zomato.
Tata Digital to invest $75 mn in CureFit
Tata Digital—which picked up a majority stake in BigBasket last month—named Mukesh Bansal, co-founder and CEO of the Bengaluru-based health and wellness startup, as its president.
India Inc’s growing appetite for dotcoms
With an increasing number of consumers looking for digital offerings, big boys Reliance Industries and Tata group are scouting for online assets to ramp up their retail offerings.
