As India’s ultra-high-net-worth individuals (UHNIs) grow in number, so do the complexities of succession planning. The Knight Frank Wealth Report 2024 highlights a 50% increase in India’s UHNI population from 13,263 in 2023 to 19,908 by 2028. This growth, driven by first-generation wealth creators, underscores a major challenge: how to ensure their wealth, value and … Read more
hi, Ola is ‘dashing’ through traffic to deliver food in 10 minutes. Ola Dash has made a comeback, marking the Bhavish Aggarwal-led company’s re-entry into the quick food delivery category. In June 2022, Ola closed the Rapid Commerce offering of the same name, “refocusing its Ola Car business to further focus on strengthening the go-to-market … Read more
Tata-backed BigBasket wants to adopt a 10-minute food delivery service, which is emerging as a key differentiator among fast commerce and food delivery platforms. BigBasket aims to offer a wide assortment of food items that can be delivered within 10 minutes, your story has learned While the company is still in the process of finalizing … Read more
Climate risk and sustainability technology firm Resilience raised $1 million in seed funding led by AI whoCapital of Kalariwhoof the CXXO initiative, which invests in ventures led by women entrepreneurs with the participation of Java Capital. The AI company will use the new capital to develop its flagship product Resilience360, which provides end-to-end climate risk … Read more
Indian cricketer Jasprit Bumrah made headlines not only for his heroics on the field, but also for his sharp-witted responses during a recent Test match interview. When asked about his batting skills, Bumrah replied with a funny but confident quip: “Yeah, that’s an interesting question you’ve been questioning my batting ability so far. I think … Read more
Edtech unicorn Unacademy has reduced its losses by nearly two-thirds, but worryingly, operating revenue in FY2023-24 has declined compared to the previous year. The Bangalore-based firm reported a consolidated loss of Rs 630.9 crore in FY24, down 62.4% from Rs 1,678.1 crore recorded in the previous fiscal. Meanwhile, its operating revenue fell 7.4% year-on-year to … Read more
Chinese fast-fashion retailer Shen, once banned in India, may resume sales in the country through a partnership with Reliance Retail Ventures Ltd (RRVL) if all platform data is stored in India, without the company’s access or ownership rights. According to a parliamentary disclosure. RRVL is also advised to ensure compliance with all existing laws of … Read more
Ola Consumer on Tuesday launched 10-minute food delivery food offering Dash, which has entered the quick food delivery category. The feature, currently available in Bengaluru, is live at restaurants like EatFit. Ola did not immediately respond to queries sent by the consumer your story The Bhavish Aggarwal-led company had earlier launched a rapid commerce offering … Read more
The Competition Commission of India (CCI) said on Tuesday that it has cleared Ramon Investments Ptej, an arm of Temasek Holdings, to acquire a stake in Speed JVco. Singapore-headquartered Temasek is an investment company. As of March 2024, the sovereign wealth fund has a portfolio of Singapore Dollar (SGD) 389 billion assets. “The proposed combination … Read more
There has never been a better time to be a D2C brand in India. According to a report by Redseer Strategy Consultants, the Indian D2C market is expected to attain a gross merchandise value (GMV) of $30-35 billion by 2027, at a compound annual growth rate of 40%. However, this growing industry is facing challenges: … Read more