Quick-commerce platforms like Zepto, Swiggy’s Instamart, and Blinkit are experiencing a surge in sales for non-grocery items as they compete with e-commerce rivals. Zepto’s sales for products like toys and electronics accessories have more than doubled month-on-month, while beauty product sales have tripled. Swiggy’s Instamart has also seen strong growth in non-grocery categories. The beauty and personal care segment is particularly performing well, along with earphones and accessories, health and nutrition, and new product experiments. Additionally, EV fleet operator zypp electric is in talks to raise $40 million in funding, potentially doubling its valuation to $300-350 million. You Can Read Full News By Clicking On Below Link.
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In April, Number of electric two-wheelers sold was only half of what it was in the previous month.
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Canarys is growing its business worldwide by making a smart purchase in North America.
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China's company that makes LED, AET, plans to invest Rs 200 crore in India.
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Top IT companies have reduced their workforce by 72,000 in the last financial year.
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FirstCry, an omnichannel retailer for baby and mother care products, will resubmit its IPO papers after receiving queries from the stock market regulator, Sebi. Sebi flagged a lack of adequate disclosures in key performance indicators (KPIs) in FirstCry’s draft papers. The company plans to make the necessary changes and refile its IPO documents with updated financials. In other news, Swiggy’s…
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In 2023, injury rates at SpaceX facilities were higher than the industry average, according to safety data reported to U.S. regulators. The records show that injury rates at some SpaceX facilities were worse than the previous year. For example, at the Brownsville facility in Texas, there were 5.9 injuries per 100 workers, surpassing the previous year’s rate of 4.8 injuries. This high injury…
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Meta is allowing other companies to use their Quest operating system for their own devices.
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Russia has found the spokesperson for Meta guilty in a quick trial held without their presence.
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US office-sharing company WeWork is selling its entire 27% stake in its Indian operations through a secondary transaction. The deal, estimated at Rs 1,200 crore, will also see the Bengaluru-based property developer Embassy group reduce its holding from 73% to 60%. The Enam group family office, investment fund A91 Partners, and CaratLane founder Mithun Sacheti are among the new investors acquiring…
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Over a dozen new economy ventures have appointed new chief executives in the past year as profitability and governance become more important. The trend is likely to continue as startups reach a certain level of growth. The changes are seen as positive as professional CEOs bring different skills to scale up the companies. The reshuffling of top-level positions is driven by investor pressure to achieve…
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Aerospace company Northrop Grumman is working with SpaceX on a secret spy satellite project. The project aims to improve the US government’s ability to track military and intelligence targets from low-Earth orbits. Northrop Grumman’s involvement reflects a desire to avoid relying too heavily on one contractor. It is unclear if other contractors will join the project. Northrop Grumman is…
...Read MoreTata Communications is investing in artificial intelligence (AI) compute capacity and partnering with Nvidia to build an AI supercomputer. The company plans to offer AI services to startups and researchers through the Centre’s AI Mission. Tata Communications also expects its acquired entities, Switch and Kaleyra, to become profitable this year. The company’s partnership with Microsoft…
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Veera, the internet browser, has reached over 1 million users.
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