Aryaman Gupta &Amp;Amp; Ashutosh Mishra

Stories by Aryaman Gupta &Amp;Amp; Ashutosh Mishra

'India Not tougher Than Other Markets'

'India Not tougher Than Other Markets'

Rediff.com   23 Dec 2024

'Regulatory challenges exist everywhere. What we look for is regulatory stability over time.'

'Swiggy Is Now Focusing On Overall Growth'

'Swiggy Is Now Focusing On Overall Growth'

Rediff.com   16 Dec 2024

'Expect our food delivery business to deliver sustainable adjusted EBITDA margins of about 5 per cent in the medium term.'

After extended winter, signs of thaw in Indian edtech sector

After extended winter, signs of thaw in Indian edtech sector

Rediff.com   10 Dec 2024

After a prolonged winter, the Indian edtech sector seems to be witnessing some signs of a thaw. The sector has received $608.8 million of funding across 68 deals in 2024 so far - 153 per cent more than the $240.9 million across 106 deals during the same period last year - according to data from market intelligence platform Tracxn.

Blinkit vs Instamart: Chasing a moving target in quick commerce race

Blinkit vs Instamart: Chasing a moving target in quick commerce race

Rediff.com   6 Dec 2024

Competition in the fast-growing quick commerce sector is heating up as Swiggy Instamart faces a tough challenge in narrowing the gap with Blinkit, which currently dominates the market. In the second quarter (Q2) of 2024-25 (FY25), Instamart's gross order value (GOV) rose by 42.1 per cent quarter-on-quarter (Q-o-Q) and 75.5 per cent year-on-year (Y-o-Y), reaching Rs 3,382 crore.

'Zepto Is India's Fastest-Growing Internet Company'

'Zepto Is India's Fastest-Growing Internet Company'

Rediff.com   2 Dec 2024

'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'

Startups Funding On Path To Recovery

Startups Funding On Path To Recovery

Rediff.com   28 Nov 2024

Investors attribute the revival to the country's strong public markets, which are boosting confidence in initial public offering (IPO)-bound startups offering viable exit opportunities.

Samsung loses ground to Apple in premium smartphone mkt

Samsung loses ground to Apple in premium smartphone mkt

Rediff.com   15 Nov 2024

Samsung is losing the race in India's premium smartphone market as rival Apple continues to increase its dominance in the segment, driven by robust iPhone sales and festival season discounts. Shortly after Apple CEO Tim Cook announced an all-time revenue record in India yet again for the September quarter, the company recorded its best-ever quarter of shipments at four million units in the third quarter of calendar year 2024 (Q3CY24), led by the iPhone 15 and iPhone 13, according to a report by the International Data Corporation (IDC).

Swiggy: From a forgotten idea to Rs 1 trn mcap on listing

Swiggy: From a forgotten idea to Rs 1 trn mcap on listing

Rediff.com   14 Nov 2024

Framing the next chapter in Swiggy's journey as a responsible corporate citizen, co-founder and chief executive officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing. Majety, who has largely shunned the spotlight, shared reflections on his entrepreneurial path and the strategic pivots he and his co-founders navigated in building Swiggy. "We started with code aggregation, then pivoted to logistics, and that became Swiggy.

FSSAI sets expiry timelines for food items sold on ecom, qcom

FSSAI sets expiry timelines for food items sold on ecom, qcom

Rediff.com   13 Nov 2024

The Food Safety & Standards Authority of India (FSSAI) on Tuesday asked e-commerce and quick-commerce food operators to ensure a minimum shelf life of 30 per cent or at least 45 days before products expire at the time of delivery. The order follows rising concerns over violations of food safety standards in quick-commerce and e-commerce.

Why FSSAI called up qcom companies

Why FSSAI called up qcom companies

Rediff.com   11 Nov 2024

The Food Safety and Standards Authority of India (FSSAI) has sought a meeting with quick-commerce (qcom) platforms like Blinkit, Swiggy Instamart and Zepto on Tuesday to discuss issues regarding violations of food safety standards, according to sources familiar with the matter. This comes at a time when there have been issues raised about food safety standard violations by qcom platforms for packaged food products, including violations related to expiry and best before dates.

Smartphone market value surges 12% in Q3CY24: Counterpoint

Smartphone market value surges 12% in Q3CY24: Counterpoint

Rediff.com   4 Nov 2024

India's smartphone market grew by three per cent year-on-year (Y-o-Y) in volume in the third quarter (Q3) of calendar year 2024, while its value surged by 12 per cent Y-o-Y to reach an all-time record for a single quarter, according to a report by research firm Counterpoint. The value growth was driven by an ongoing premiumisation trend, while the increase in volume was driven by an earlier onset of the festival season compared to the previous year.

'India is an important education market'

'India is an important education market'

Rediff.com   23 Oct 2024

'It's the second-largest market for us after the US, and should be the largest market at some point.'

How Government Is Making Use Of AI

How Government Is Making Use Of AI

Rediff.com   9 Oct 2024

The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.

PC makers look to hitch a ride on the q-com bandwagon

PC makers look to hitch a ride on the q-com bandwagon

Rediff.com   7 Oct 2024

Bengaluru-based Sunny Gupta had been searching for a laptop for months. In August, while sitting at a coffee shop, he decided to order an Acer Predator laptop - typically priced between Rs 95,000 and Rs 2.5 lakh - through the quick-commerce (q-com) platform Flipkart Minutes. "It took exactly 13 minutes from payment to receiving it at the Starbucks I ordered it to," he wrote in a now-viral post on social media platform X.

Swiggy's qcom arm beats food delivery growth

Swiggy's qcom arm beats food delivery growth

Rediff.com   30 Sep 2024

For food aggregator platform Swiggy, quick commerce (qcom) is proving to be a better growth opportunity than food delivery. Its qcom arm Instamart is rapidly outpacing its core food delivery vertical across several key financial metrics, the company's recently filed draft red herring prospectus (DRHP) shows.

D2C brands hitch their wagon to quick-commerce

D2C brands hitch their wagon to quick-commerce

Rediff.com   23 Sep 2024

As quick commerce gains ground, emerging direct-to-consumer (D2C) brands are betting big on digital channels to drive growth. According to Aman Gupta, co-founder of wearables brand BoAt, new-age brands in India have been expanding at a much faster pace than expected, driven by digital channels like quick-commerce. "Investors doubted the potential of D2C brands when we started, but today there are multiple brands in the startup market that are growing on the shoulders of these digital channels," Gupta said while addressing a session at Razorpay's D2C and Retail Summit recently.

Quick-commerce companies expand Tier-II ops ahead of festival season

Quick-commerce companies expand Tier-II ops ahead of festival season

Rediff.com   11 Sep 2024

After making the model work in metro cities, players in the quick commerce sector are rapidly expanding their footprint into smaller tier 2 cities and markets beyond that ahead of the festival season.

Kirana vs Q-com on table

Kirana vs Q-com on table

Rediff.com   5 Sep 2024

The government is set to examine concerns over quick commerce companies potentially undermining businesses of local kirana stores, particularly in the context of the draft Digital Competition Bill, according to official sources. The Ministry of Consumer Affairs recently raised the issue with the Ministry of Corporate Affairs during discussions around the proposed legislation. "We need to assess if and how the Bill can address these concerns and explore further steps to include provisions to keep a check," a senior official stated.

Zepto adds $340 million to basket; valuation at $5 billion ahead of IPO

Zepto adds $340 million to basket; valuation at $5 billion ahead of IPO

Rediff.com   30 Aug 2024

Quick commerce major Zepto has raised $340 million in a follow-on financing round at a valuation of $5 billion as it gears up for an initial public offering (IPO). This is Zepto's third big-ticket fundraise within a year. With this, the company has raised more than $1 billion in 12 months.

72% employers intend to hire freshers in second half of 2024: Report

72% employers intend to hire freshers in second half of 2024: Report

Rediff.com   22 Aug 2024

Around 72 per cent of employers in India intend to hire freshers in the second half of 2024, according to a report released by TeamLease EdTeach on Wednesday. The report titled 'Career Outlook Report HY2 (July-December 2024), based on a survey of over 603 companies across India conducted between April and June 2024, indicated a positive trend in the job market for new graduates.