Food firms feast on binge watching
Streaming services driving sales in food delivery, ready-to-eat, packaged food segments. The surge is more evident for restaurants, with fine-dining and quick service outlets reporting faster growth in home delivery, which has resulted in aggregators Swiggy and Zomato also reporting swift growth.
TikTok, Facebook and Instagram bring music to labels' ears
Music companies such as T-Series, Times Music & Saregama set to earn over Rs 100 c...
Next big wave of technology Unicorn listings could be in India
Mohandas Pai said that liquidity and valuations shouldn’t be concerns for comp...
Awign Enterprises raises Series A funding of $4 mn
"This round comes in at the right time where the aim is to invest in technology and touch more than 10 million lives within the next financial year," said Annanya Sarthak, Co-founder, Awign.
Take three: Flipkart’s $100+ million online grocery bet in India
In its third big shot at online food and grocery, Flipkart pieces together the legs of its strategy through two big investments in seven days — Shadowfax and Ninjacart.
Smart helmets let you listen to music, navigate and attend calls riding a motorcycle
It has always been a hassle to communicate via phone or enjoy music during a two-wheeler ride. Putting an end to untangling earphones or adjusting smartphones inside the helmets, Revsmart’s smart communication device helps you navigate, communicate and listen to music without blocking your ears.
Autos to tea stalls: UPI makes inroads
Given the low payment infrastructure cost, UPI is bridging the gap between organised retail and small merchants, which is resulting in shrinking of the average transaction size.
ET Awards 2019: Swiggy boss impressed with Bandhan Bank’s tale of disruption, calls it inspiring
Wipro's Rishad Premji thought that E Sreedharan’s story was the most-inspiring one.
Zomato, Swiggy, UberEats reduce discounts as food delivery market grows cold
Across the sector, monthly growth fell to 1-2% between Aug and Oct, hurt by a slowdown in consumer spending, cut in discounts and promotions.
Zomato denies merger talks with rival Swiggy
Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.
ET Awards: Want 30% pie beyond food delivery, says Swiggy
Swiggy & rival Zomato were burning $30-40 million monthly on discounts, the latter is looking ahead now.
Swiggy will invest another Rs 75 crore to expand its cloud kitchens
Cloud kitchens are delivery-only properties that help restaurants reduce their real estate and labour costs while keeping the window of expanding brands and offerings rapidly. Swiggy claims to have created 8,000 jobs through Access and looks to add 7,000 more in the next 6 months.
ET Awards 2019: StanChart CEO, Prasoon Joshi remember Jaitley; Bandhan Bank's boss impresses Sachin Bansal
E Sreedharan's story also got a lot of appreciation.
Zomato frontrunner to acquire UberEats
Talks for the acquisition come even as Zomato is in the midst of raising capital where it has already got a commitment from existing backer Ant Financial for $200 million. The funding round will value Zomato over $3 billion, and a potential share-swap may also happen using that benchmark.
Sales at microbreweries face a dry run for the first time
About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.
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