The big consumer internet players have refueled with funds raised in 2018 and are expected to outspend each other in increasing marketshare by targeting existing customers and spending more on acquiring new customers. Entering new product categories and geographies is also going to be a key theme for 2019. Forrester sees the following trends in […]
Archives for 2019
Indians are increasingly renting cars instead of buying. But does it really suit you?
Ahead of Diwali, Pune-based MNC executive Akshay Chillal decided to upgrade to a Maruti Swift AT. “I had three options,” says the 28-year-old. Buy a new car with a down payment and a car loan; dip into savings to buy a second-hand car or sign up for a car subscription. He chose the third and […]
30 men arrested as Swiggy, Hotel Empire workers clash
A hotel was ransacked allegedly by a group of employees of food aggregator Swiggy, hours after one of their colleagues and a staffer of the hotel clashed over a petty issue at Arekere on Bannerghatta Road in Bengaluru on Saturday midnight. Police have arrested 30 employees of Swiggy and Hotel Empire, Arekere. Windowpanes and furniture […]
Paytm to get into content space, launch video streaming service
Indian e-payments-to-ecommerce player Paytm, backed by global giants like Alibaba and Softbank, is now looking to build a content war chest to take on rivals Amazon and Flipkart and will launch an over-the-top (OTT) service and has started the hiring process for the service, three persons in the know of the matter told ET. “Paytm […]
How content streaming platforms like Netflix have created an economy around subtitles in India
In Pic: Jahan Singh Bakshi, creative producer and subtitler. Mohit Shetty talks about languages as if they are people. “Tamil is missing.” “Is Hindi on its way?” “Telugu will be here by evening, right?” he asks his team over the phone. In the last six months, Shetty’s post-production company QLAB has subtitled 3,600 hours of […]
WeWork claims all its buildings have become profitable in first six months in India
The Indian unit of shared workspace provider WeWork said all its buildings have become profitable in the first six months of operations though it posted net loss of ₹76 crore at the company level in FY18. The New York-headquartered collaborative workspace firm’s Indian arm notched revenues of ₹58.2 crore, as per financials sourced from Registrar […]
Amazon has 1,300 vacancies in India, highest in Asia-Pacific
Amazon remains bullish on India, despite recent government policies that might adversely affect its e-commerce business here. In Asia-Pacific, the company has the highest number of job openings in India, according to data on its website. There are almost three times as many openings here compared to that in China. Even outside Asia-Pacific and excluding […]
Existing investors may invest $100M in Pepperfry
Goldman Sachs PE, Norwest Venture Partners and Bertelsmann India Investments may invest $100 million in branded furniture etailer Pepperfry, riding on a wave set off by Ikea, which entered India last year. The funds from the existing investors will help Pepperfry expand its offline presence and diversify, said three people with direct knowledge of the […]
Existing investors may pump another $100M in Pepperfry
Goldman Sachs PE, Norwest Venture Partners and Bertelsmann India Investments may invest $100 million in branded furniture etailer Pepperfry, riding on a wave set off by Ikea, which entered India last year. The funds from the existing investors will help Pepperfry expand its offline presence and diversify, said three people with direct knowledge of the […]
Rahul Gandhi at helm, Congress adopts technology for key decisions
On January 10, Congress declared that Sheila Dixit would be president of the Delhi unit of the party. Before the announcement, the party had sought the opinion of 24,000 workers from Delhi on who should lead the state unit. In a two-day survey that ended on January 8, more than 80% of the respondents named […]