QUICK COMMERCE
Finance & Funding
Venture capital Sauce.vc acquires around 3% stake in GRM Foodkraft
PTI -
Sauce has also acquired an additional 1% stake from other shareholders in GRM Foodkraft, which focuses on the domestic foods businessNew Delhi: Basmati rice company GRM Overseas on Monday said it has sold more than a 3% stake in...
Latest News
Dunzo switches to Zoho workspace from Google suite to cut costs
PTI -
Google Workspace is priced at about Rs 1,600 per user each month under the enterprise plan, while Zoho charges a portion of that at Rs 489 for similar offeringsNew Delhi: Troubled quick commerce startup Dunzo has migrated all its...
E-Commerce
Zomato reports Rs 36 crore profit after tax in Q2
PTI -
Revenue from operations was Rs 2,848 crore in the quarter. In the year-ago period, it was Rs 1,661 croreNew Delhi: Online food delivery platform Zomato on Friday reported a consolidated profit after tax of Rs 36 crore for the...
Retail
Reliance Retail crosses a billion transaction benchmark in FY23, to ramp up FMCG business
PTI -
In FY23, Reliance Retail's digital commerce and new commerce businesses contributed to 18% of its revenue, which stood at Rs 2.60 lakh croreNew Delhi: Reliance Retail has crossed the milestone of a billion transactions in FY23 and its registered...
Food & Grocery
Dunzo seller app joins ONDC; aims to onboard 20,000 merchants in 45 days
PTI -
In addition to being a logistics partner on the network, the seller app will onboard 1,500 local merchants in the next one weekNew Delhi: Quick commerce and logistics app Dunzo's seller arm has joined the Open Network for Digital...
FMCG
Bikaji Foods International acquires 49% stake in Bhujialalji
Subsequent to the acquisition, Bhujialalji Private Limited will become an associate to the company
Mumbai: Bikaji Foods International Ltd. has acquired a 49% stake and 396 Compulsorily Convertible Debentures (CCDs) in Bhujialalji Pvt. Ltd., an upcoming company in the ethnic...
Food Service
QSR chain Wow Chicken by Wow! Momo opens outlet in Mumbai
Located at Phoenix Marketcity, Kurla in Mumbai, this is the 35th store of the fast food chain Wow Chicken
Mumbai: Multi-brand quick service restaurant (QSR) chain Wow! Momo Foods has opened the latest outlet of its brand Wow! Chicken in...
E-Commerce
Zepto delivered mangoes worth Rs 25 crore
Zepto sold mangoes worth Rs 60 lakh in a single day, Alphonso was the most sold variant of mango this season with a 30% share of the total sales
New Delhi:Â Quick commerce platform Zepto delivered mangoes worth Rs 25 crore...
Food Service
Swiggy’s food delivery business turns profitable: CEO
Swiggy has become one of the very few global food delivery platforms to achieve profitability in less than nine years since its inception, says company co-founder Sriharsha MajetyNew Delhi: On-demand convenience platform Swiggy's food delivery business has turned profitable,...
Food Service
Zomato extends association with observability platform New Relic
Zomato has adopted New Relic to ensure high performance and reliability across its 17.4 million monthly transacting customers and 330,000 active restaurant partners
Bengaluru:Â Food delivery platform Zomato has standardised on observability platform New Relic to ensure high performance and reliability...
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Latest News
An American or a British model doesn’t work in India. It must be Indianized: Abhijeet Anand, AbCoffee
Abhijeet Anand, founder and chief executive officer of AbCoffee talks about the changing lifestyles of Indians; the future of...
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