-
1 month ago | 
financialexpress.com | Raghav Aggarwal
Amazon is exploring spinning off and listing its India operations, with preliminary talks underway with investment banks to assess feasibility, sources say.
-
2 months ago | 
financialexpress.com | Raghav Aggarwal |Manu Kaushik
Coaching giant Aakash Educational Services (AESL) is looking to raise funds through selling a part of its equity, CEO and MD Deepak Mehrotra told FE on Wednesday. “We are currently exploring the option of offloading some equity stake to raise funds. Discussions in this regard are at a very early stage at this moment,” Mehrotra said, declining to specify what percentage of stake the company is looking to sell.
-
Jan 17, 2025 | 
financialexpress.com | Raghav Aggarwal
The average value of purchases at Indriya stores exceeds that of other new entrants in the Indian jewellery market, the company’s chief executive officer Sandeep Kohli said. Speaking with FE, Kohli stated that Indriya has received positive market response since its launch in July 2023, adding that the brand aims to reach 100 stores within the next 18 months.
-
Jan 17, 2025 | 
financialexpress.com | Raghav Aggarwal
Zomato has invested an additional ₹500 crore in its quick commerce arm Blinkit, according to regulatory filings with the Registrar of Companies (RoC). With this latest infusion, Zomato’s total investment in Blinkit stands at ₹2,800 crore since acquiring the company for ₹4,477 crore in August 2022. The previous infusion of ₹300 crore was made in June 2023. The investment comes just two months after Zomato raised ₹8,500 crore through a qualified institutional placement (QIP).
-
Jan 16, 2025 | 
financialexpress.com | Raghav Aggarwal
Social networking platform ShareChat expects its apps, ShareChat and Moj, to turn profitable by April, company’s chief business officer Gaurav Jain said. Speaking to FE on the sidelines of the India Digital Summit in New Delhi on Thursday, Jain stated that while the company might still report losses in FY25, it is optimistic about achieving overall profitability by FY26. “Our standalone ShareChat app has been profitable for 3-4 months now,” Jain said.
-
Jan 15, 2025 | 
financialexpress.com | Raghav Aggarwal
ShareChat, a short video platform owned by Bengaluru-based Mohalla Tech, is planning to trim its workforce by 5% later this month following its annual performance review. This may translate to around 20-25 people losing their jobs. Since January 2023, around 850 people have been laid off from ShareChat. Most of these layoffs are a part of its performance appraisal exercise. The company takes two appraisal cycles during the year. One is done at the start of the calendar year and another in the middle.
-
Jan 14, 2025 | 
financialexpress.com | Raghav Aggarwal
The launch of quick food delivery apps by Zomato and Swiggy has upset restaurant owners. Raghav Aggarwal explains why the National Restaurant Association of India believes this amounts to selling of private labelled food, taking advantage of the customer data of their restaurant partnersAlready a subscriber? Sign inWhat has NRAI said?
-
Jan 14, 2025 | 
financialexpress.com | Raghav Aggarwal
Wonderchef, the kitchen appliance brand backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24, reporting a net profit of Rs 1.5 crore, according to data from the Registrar of Companies (RoC). It was against a total loss of Rs 51.8 crore in FY23. Ravi Saxena, managing director of Wonderchef, told FE that the loss in FY23 was due to an “extraordinary one-time” write-off associated with the merger of a retail company into Wonderchef.
-
Jan 10, 2025 | 
financialexpress.com | Raghav Aggarwal
Zomato will not launch private labels and Blinkit’s quick food delivery platform, Bistro, operates independently without using any data from its Gurugram-based parent, Blinkit CEO Albinder Dhindsa clarified on Friday. The statement comes a day after the National Restaurant Association of India (NRAI) announced plans to take legal action against platforms like Zomato for allegedly engaging in private labelling of food items and selling them through quick delivery applications.
-
Jan 9, 2025 | 
financialexpress.com | Raghav Aggarwal
Food delivery platform, Swiggy, on Thursday announced its plans to launch a standalone mobile app for its quick commerce service, Instamart. This move closely follows the launch of its separate app, Snacc, for quick food delivery, marking a shift towards a multi-app strategy similar to competitors like Zomato and Zepto.
