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BookMyShow’s CEO has been summoned by the police over allegations that it indulged in ticket scalping for the upcoming Coldplay concert. Meanwhile, Zomato has announced users can resell tickets on its platform.

The ecommerce platform will be hard-pressed to justify its estimated $7-8 billion valuation—up nearly 2x from just 10 months ago—at a time of ho-hum growth and flagging profitability.
The well-timed announcement of Zepto’s $450 million funding on the day of Eternal’s September-quarter results foreshadows what the future holds for India’s quick-commerce landscape.
The three-decade-old gifting company has quietly built a substantial and profitable business in the Middle East. Its trajectory holds many lessons for consumer startups aspiring to set up shop in the region.