Is ‘going digital’ a good option for the Indian luxury retail market ?

Sreyashi B

 The luxury brands from Rolex to Rolls Royce and Louis Vuitton to Lamborghini, have been facing the challenge of how to maintain an unimagined exclusivity. Therefore, this industry has been the last one to embrace digitization. But, with the outbreak of Covid-19, the rules of this industry demands reform. Covid-19 gave a severe blow to the  luxury sale numbers globally and India is not any exception to it. Luxury market, although rapidly growing in India, is still at a very baby stage and thus, a crisis situation like this pandemic is…

Read More

Paytm’s ‘Postpaid’ Lending Service Expanded To Grocery Stores

Gaurang
paytm logo

Paytm has expanded its ‘Postpaid’ lending service, allowing users to shop at grocery stores and several popular retail destinations in their neighbourhood. Customers can now now buy groceries and essentials on credit, without having the need to withdraw cash. The service is also extended to bill payment facilities on Paytm, shopping on Paytm mall and digital payments at various apps.

Read More

WeWork India receives a new batch of funding of $100 million from its parent organization WeWork Global

Sreyashi B

WeWork India, owned by the Embassy Group raised $100 million from WeWork Global and is hopeful of the sustainable growth that the business would see.With this round of funding, US-based WeWork Global has reassured that it is truly committed towards the Indian market. “WeWork India — the global platform that carry collaborative workplace solutions, will receive $100 million funding from WeWork Global to help boost sustainable growth,” the co-working player said. Karan Virwani, CEO, WeWork India pointed out that the flexible workspace industry in India and around the world is…

Read More

FPO : A great player in boosting the rural entrepreneurial economy

Sreyashi B

The Modi government has been attempting to make some reforms like e-markets to boost the rural economy, Farmer Producer Organizations (FPOs) and the Model Contract Farming Act, 2018. As Indian farmers have the smallest landholding on the planet, they lack individual bargaining scope in the open market for their little produce. In such a situation, the FPOs can give them an important edge since they can pool in their produce, put resources into cold storerages and better burgain with enormous purchasers along these lines eliminating the mediators in the business…

Read More

The top delivery startups will soon be experimenting with BVLOS drone deliveries

Sreyashi B

Hyperlocal delivery startup companies including Dunzo, Swiggy and Zomato can start to test fly beyond visual line of sight (BVLOS) drones for deliveries, in the wake of getting authorization from Directorate General of Civil Aviation (DGCA). A senior DGCA official,affirmed the improvement that alongside the delivery startups, budget airline SpiceJet, Reliance-upheld drone startup Asteria Aerospace were among the 13 consortia which had gotten the endorsements to test fly these drones. The DGCA needed to see the business prospects which could be accomplished through the BVLOS drones, and set up the…

Read More