/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The capex incurred on store expansion in the October-December quarter triggers a spike in the loss reported by its quick commerce business, pulling down profits overall.
Zomato on Monday reported that its consolidated net profit for the three months ended 31 December 2024 declined by 57% to Rs 59 crore ($6.8 million), from Rs 138 crore ($16 million) during the same quarter in the previous fiscal. This was despite the online food and grocery delivery company’s revenue from operations rising 64% during the quarter to Rs 5,405 crore ($627.3 million), from Rs 3,288 crore ($381.6 million) in the year-ago period.
The company’s profits took a hit as its quick commerce business, Blinkit, rapidly expanded its store network. Blinkit added 216 new stores in the October-December quarter, …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
