Quickening pace of quick-commerce; and other top tech, startup stories this week
by ETtech.com
ETtech.com— Hi, this is Pranav in New Delhi. It’s been a busy week for us here at ETtech breaking some important stories around the quick-commerce sector. Shelf spaceOn Thursday, my colleagues Apoorva and Soumyajit wrote about how getting a spot on quick commerce platforms has become a challenge for direct-to-consumer (D2C) brands, which are coughing up 40-45% in commissions to apps such as Blinkit, Zepto and Swiggy Instamart. 109447781This is reminiscent of the early days of ecommerce boom when smaller...
ETtech.com—Startup twists & turns on IPO street; and other top tech and startup stories this week. Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.109639958The Bengaluru-based company has filed for a $1.25-billion public issue through the confidential route, whereby draft red herring prospectuses (DRHPs) are not released to the public. This came a day after Swiggy’s shareholders approved its IPO plan, which includes a fresh...
SFGate—Major tech company will reportedly make top bosses work 6 days a week. The weekend is about to look a little less like the weekend for the bosses at one of the world’s largest technology and manufacturing companies. Samsung will soon require its executives to work six days a week, according to an April 18 report from the Korea Economic Daily. The Korea-based conglomerate, which makes Galaxy smartphones, flatscreen televisions, appliances and a wide range of other devices, is a stalwart of the tech industry. It generates tens of billions of dollars of revenue every...
FOURSTATESHOMEPAGE—Top 5 Plays of the Week – Week 36. JOPLIN, Mo – After a week of high school sports & collegiate sports, we showed off our Top 5 Plays of the Week from around the Four States. Play #1: Pitt State Softball — The #9 Pitt State Softball team swept #5 UCO (10-2, 5-2) and earned a share of the MIAA Title sharing it with []