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Ajay Rag

Mumbai

Journalist at The Economic Times

Featured in: Favicon indiatimes.com (+1) Favicon flipboard.com

Articles

  • House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding struggles

    1 month ago | economictimes.indiatimes.com | Ajay Rag

    Synopsis Overvalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original price, raising doubts about the sustainability of the roll-up model. This has triggered a wave of legal disputes and financial restructuring in the industry.

  • Swiggy fixes IPO price band at Rs 371-390 per share, Rs 11,300 crore IPO to open from November 6

    Oct 30, 2024 | economictimes.indiatimes.com | Ajay Rag

    Swiggy has set the price band for its Rs 11,300 crore initial public offering ( IPO ) at Rs 371-390 per equity share of the face value of Re 1, according to an announcement by the Bengaluru-based Food and grocery delivery company on Wednesday.The IPO will be open for subscription from November 6-8.ET had reported on Monday that Swiggy would issue shares within this price range.

  • Quick commerce can be bigger than food delivery, won't be a duopoly: Swiggy founder Sriharsha Majety

    Oct 30, 2024 | economictimes.indiatimes.com | Ajay Rag |Digbijay Mishra

  • Catwalk goes canine in this festival season pet gala

    Oct 29, 2024 | economictimes.indiatimes.com | Ajay Rag

    As pet parenting in India evolves, with pets now recognised as family members and discretionary spending on them rising due to the quick-commerce frenzy, fashion products for dogs and cats are carving a spot in people’s festive season shopping budgets.Sales of pet fashion products have doubled this festive season compared to business as usual, with quick-commerce and ecommerce platforms pushing more pet parents to explore festive-themed offerings for their beloved animals, industry executives...

  • Atomberg’s revenue rises 31% to Rs 848 crore

    Oct 27, 2024 | economictimes.indiatimes.com | Ajay Rag

    Consumer appliances maker Atomberg Technologies reported a 31.4% increase in operational revenue to Rs 848 crore for 2023-24 from Rs 645 crore in the previous financial year.However, its net loss widened about 46.3% to Rs 202 crore from Rs 138 crore during this period.The company’s cofounder Sibabrata Das told ET that losses increased over the past two financial years due to fresh employee stock ownership plan (ESOP) grants, management bonuses and fundraising expenses.

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