December 26th, 2018
The grocery delivery platform Grofers aims to garner $2.5 billion (around Rs 17,500 crore) in revenue by 2020 as it scales up its private label offerings in the country and focusses on expanding repeat purchases in its platform.
The company, which has recently completed five years of its operations, has a revenue run rate...
December 26th, 2018
PayU India's revenue nearly doubled in fiscal 2018 to Rs 588 crore from Rs 306 crore the year before. It has been reported earlier this month that the Indian subsidiary of the Naspers-backed PayU accounted for more than half the overall business of the financial technology firm, based on Naspers' half-yearly report for fiscal...
December 25th, 2018
Facebook India’s profit jumped about 40% to Rs 57 crore in the year ended March 2018, reflecting the increasing adoption of social media in a country where data costs have reduced drastically.
The company’s total revenue in India surged 53%. The social media major in a financial statement said that the services it...
November 21st, 2018The online grocery player BigBasket that aims to be a billion-dollar company by the next fiscal year, is expecting 40 percent of its projected revenue to come in from its private labels.
The company is expecting to clock Rs 3,500 crore in sales this fiscal year, up from Rs 2,000 crore last year.
"Private labels are around 34 per...
November 20th, 2018Healthcare technology firm CitiusTech is looking to more than double its revenue to $500 million in five years on the back of growing investments by hospitals, insurance firms and service providers in the US and Europe in harnessing data to improve services.
The firm expects to close this fiscal with revenues of $175-180 million,...
November 17th, 2018Walmart has reportedly became the No. 3 online retailer in the U.S. overtaking the technology giant Apple. Walmart has been recently making various efforts and it seems that the company got the reward.
Amazon still leads by a wide margin, accounting for 48 percent of e-commerce sales in 2018. On the other hand, Walmart (including also...
November 12th, 2018China’s largest e-commerce platform Alibaba Group has reportedly settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles' Day on Sunday. The amount is up by 21% from last year's early haul of 57 billion yuan.
This has by far been the largest-ever Singles’ Day to date. Alibaba Singles' Day is the...
October 29th, 2018Food delivery company Swiggy saw a revenue surge in FY18, with operating revenues more than trebling to Rs 442 crore from Rs 133 crore last year. The company has been growing more and more with time and became a unicorn expanding its geographic footprint across the country.
Starting from seven cities in March 2017, Swiggy has expanded...
October 12th, 2018There has always been a competition between Android and iOS and with this, the fight between the App Store and the Google Play Store also emerged. In the third quarter of 2018, that gap between the two widened considerably.
In this quarter, the App Store earned nearly 93% more than Google Play, the largest gap since at least 2014. The...
