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ONDC CASH BURN
ONDC’s FY25 loss narrows to Rs 147 crore even as expenses stay high, revenue more than doublesDespite the sharp topline growth, ONDC remains in the red. The net loss narrowed to Rs 147.13 crore in FY25 from Rs 195.6 crore in the prev...
Exclusive: Ola brand IP may transfer to Bhavish Aggarwal’s family office amid group restructuringANI Technologies operates the group’s ride-hailing business and holds the brand IP, which is currently licensed to Ola Electric, a separate...
RBI boost for gold loan fintechs; Blinkit dents Zomato’s profitsHappy Friday! The RBI is formalising the gold loan market, opening doors for fintechs in the space. This and more in today’s ETtech Morning...
ONDC delays levying network fee again on stakeholder feedbackONDC has postponed its planned network fee for seller apps to July 1, following stakeholder feedback. Initially set for January, the Rs 1.5...
Dunzo’s demise: How the Reliance-backed hyperlocal delivery startup unravelledDunzo, once a pioneer of hyperlocal delivery in India, faced operational and financial challenges leading to its decline. Founder Kabeer Bi...
Ola to go live pan-India soon on ONDC in F&B categoryOla will soon offer food and beverages throughout India on ONDC. Uber is considering joining ONDC for transit and bus services. ONDC aims t...
Amit Agarwal interview; ONDC cuts incentivesHappy Wednesday! Amazon's Amit Agarwal spoke to us about the company’s quick commerce plans and India growth blueprint. This and more in to...
ONDC cuts financial incentives for network participants ahead of levying network feeThe open ecommerce network, which offered up to Rs 3 crore in July and Rs 2.5 crore in August as financial incentive per network participan...
Food delivery companies lean on existing users for growthIn light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing ...
PhonePe retreats from ecommerce on ONDC; Good Glamm versus IANPhonePe has returned to the drawing board to review its ecommerce strategy. This and more in today’s ETtech Top 5.
Dunzo’s auditor flagged issues with firm’s ‘going concern’ statusIn accounting parlance, a ‘going concern’ is an entity that has sufficient resources to continue making money and avoid the risk of bankrup...
Zomato slides 7% on fears ONDC may hit profitabilityAnalysts said the disruption by ONDC, where consumers are buying food and grocery at cheaper prices, has hurt investor sentiment in loss-ma...
MeitY’s new online gaming rules explained and other top stories this weekThe Ministry of Electronics & Information Technology (MeitY) will notify at least three self regulatory organisations (SROs), which will de...
Take a small bet on Paytm but be prepared for a downside in near term: Anand Tandon"It is not so much a question of levels. Right now, they have cash on their books and it does seem like finally they may at some stage stop...
Institutional investors oppose Esops; PharmEasy drops IPO, targets Ebitda breakevenThe stock option plans of listed startups such as Zomato and Paytm are facing opposition from institutional investors for a variety of reas...
Now, Google in talks to join ONDC; Purplle may raise fresh funds at $800 million valuationGoogle is also in talks to partner with ONDC, which it sees as a means of discovering businesses.
How to predict if new age tech cos will go boom or bust? Rahul Bhasin explains“There are various models for investing in technology and the most relevant one at this moment would be the Gartner model which talks about...