The FinTech Hub
Source: Live Mint Delhivery Ltd’s shares are hovering near their 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment remains subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce. Further, the rise of in-house delivery fleets by e-commerce giants such as Meesho has…
Source: Live Mint Hiren Ved, director and chief investment officer at Alchemy Capital Management, noted that investors are increasingly moving away from traditional FMCG stocks. “They are turning to aggregators and e-commerce platforms, particularly quick commerce, which sell both discretionary as well as non-discretionary consumer items as it provides a better proxy for growth as…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:06 PM IST Beauty and fashion platform Nykaa has ramped up its same and next-day deliveries to 110 cities, aiming to get closer to the consumer by growing its warehouse network. The company said that close to 60 per cent…
Source: Live Mint Emami Ltd is gearing up for a better FY25, eyeing double-digit domestic revenue growth after clocking a 4% increase in FY24. So, what’s the game plan? focus on direct-to-consumer (D2C). Emami recently acquired the remaining 49.6% stake in The Man Company for ₹180 crore, cementing its position in the premium male grooming…
Source: Business Standard 3 min read Last Updated : Sep 13 2024 | 7:03 PM IST Logistics firm Delhivery has alleged that its IPO-bound rival, Ecom Express, has misrepresented numbers related to the two companies’ business metrics in its draft red herring prospectus (DRHP). These are related to metrics such as shipment volumes,…
Source: Business Standard 3 min read Last Updated : Sep 04 2024 | 10:23 PM IST Ahead of its upcoming flagship The Big Billion Days (TBBD) sales this year, homegrown e-commerce major Flipkart has launched 11 new fulfilment centres (FCs) across nine cities to meet the anticipated high demand during the upcoming festival season….
