Although this is a growth of 19% compared to last year, the market value is still very small compared to China, where $45 billion of shopping was done in a day during Single’s Day shopping festival.
Mergers and acquisitions, or M&A, in short, are an important phenomenon in the business world. It has the capacity to reshape, re-alter and redefine business sentiments, and open up new business opportunities which can be even imagined.
Ola has acquired Foodpanda for around $50 million. After the short-lived Ola Cafe, this is Ola's second venture into food business in response to UberEats.
Redseer Research has just released their latest ecommerce insights from India, and there are some interesting and encouraging news for all niches.
250 units of Tata’s First Electric Car, Tigor EV have been handed over to EESL, to ferry bureaucrats & ministers, signalling a new era of electric mobility.
Since there are no clear guidelines on GST on toll & parking fees, cab aggregators are apparently taking advantage of it by charging GST on toll & parking.
Uber ride pass offers 2 options with different fares. These offers are meant to encourage people to ride more in Uber & may not be available for heavy users
Aadhaar Scamsters call up people claiming to be bank representatives and trick people into giving away their Aadhaar number and other bank details.
Although Nano’s orders have declined, and production at Tata’s Sanand plant has been almost halted, commercial usage of Nano is witnessing an upswing.
Uber and Ola, India’s largest app based cab sharing services, have announced plans to roll out electric cabs, in cities like Delhi and Hyderabad.