Zomato has increased the platform fee it levies on customers for food delivery by 25% to Rs 5 per order effective April 20, according to information on the Gurugram-based company's app and people in the know.The platform fee —a per-order flat charge — has been increased in Zomato's key markets including the National Capital Region, Bengaluru, Mumbai, Hyderabad and Lucknow.According to one of the people, Zomato services 2.0-2.2 million orders per day, and an increase of Re 1 for a large order...
India's EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus.
The second round will be held on April 26, and turnout is expected to increase over the course of the voting. Authorities said the voting was largely peaceful on Friday. Media reports said that some supporters of Modi's Bharatiya Janata Party and the opposition Congress party clashed in Chhindwara, a city in central India, during the voting.
Motley Crue is back, and their fans have responded by showing the rock band
Over 30 countries have imposed restrictions on the social media platform.
A total of 766.7 million products were sold through the five e-commerce platforms
As the demand for space on quick-commerce platforms skyrockets, niche direct-to-commerce (D2C) firms in segments like fast moving consumer goods, beauty and personal care, and health and fitness are agreeing to pay a 30-45% commission on sales, besides shelling out on advertising and discounting on the apps.This is in stark contrast to the 10-20% commission that large, more established, FMCG companies pay quick-commerce companies like Blinkit, Zepto and Swiggy Instamart, reflecting the intense...
Ecommerce major Flipkart’s foray into quick commerce will be led by its senior vice president and group head of supply chain, Hemant Badri.The company is aiming to launch its quick commerce offering in July, ET had reported last week. It is in the process of setting up a chain of dark stores to do the same. Badri has spent just over three years at Flipkart. Prior to that, he was at fast moving consumer goods (FMCG) major Unilever for nearly 11 years, ending his stint there as vice president of...
Happy Thursday! Barred crypto exchange Binance is set to restart ops in India. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ KYC spoiler for payment firms■ ETtech Done Deals■ Musk to meet spacetech foundersBinance coins a new phase in India 109386794Cryptocurrency giant Binance, banned by the central government in January, is seeking a return by registering with the Financial Intelligence Unit (FIU) and paying a penalty of up to $2 million, sources familiar with the...
Zepto has steadily increased its quick-commerce market share at the cost of Swiggy Instamart over the past two years, while market leader Blinkit has grown its share to 40%, a report from HSBC Global Research said.The report, made in collaboration with Zepto’s senior management, estimates that the company’s market share rose from 15% in March 2022 to 28% in January 2024.In the same duration, Instamart’s market share fell from 52% in March 2022, when it was the largest player in the ecosystem, to...
Ecommerce major Flipkart and Zepto held talks for a potential deal but the discussions fell through and are unlikely to be revived, said two people in the know of the matter.Zepto, a top player in the fast-growing quick commerce segment, is understood to have opted for a financial round over a strategic sale, these people said on condition of anonymity as the talks were private. “The companies met and Flipkart made an offer to Zepto valuing it at under $2 billion.. but the deal didn’t go ahead....
The pilot program means day-trippers to Venice, one of Italy's most picturesque and historic cities, will need to pay a charge of 5 euros (US$5.40).