Flipkart is preparing to enter India’s food-delivery market with a new service called Eat-in by Minutes, which will compete with Zomato and Swiggy. The Walmart-backed e-commerce giant is rolling out the service in Bengaluru and is expected to go public by the end of October 2026. The move would provide an additional platform for customers … Read more
India’s instant househelp startups, which offer services at Rs 100 and increasingly at far lower prices, are growing fast, but the bill for that growth is getting harder to ignore. Snabbit spent Rs 195 crore in FY26 to generate just Rs 12.2 crore in operating revenue, while Urban Company’s quarterly loss more than tripled as … Read more
Funskool India is targeting turnover of over ₹400 crore in FY27, banking on international partnerships and manufacturing expansion, even as India’s toy industry grapples with dependence on China for specialised tooling and electronic components. The company expects to close FY27 with revenue of ₹380-400 crore, against its budget of ₹350 crore, said K. A. Shabir, … Read more
India is investigating LG Electronics and Samsung for allegedly paying lower tariffs on imported display parts of high-end TVs, five sources told Reuters, putting under scrutiny the premium entertainment devices both South Korean giants have bet big on. Lengthy import tariff and tax investigations have been a sore point for foreign investors in India and … Read more
Samsung India Electronics profit declined 36 per cent to ₹7,228.10 crore for the financial year ended March 31, 2026, according to a RoC filing by the consumer electronics major. However, its revenue from operations rose slightly by 1.2 per cent to ₹1.12 trillion in FY26, according to financial data accessed through the business intelligence platform … Read more
As Snapdeal’s parent, AceVector Ltd, heads to the public markets, it wants Gen Z—more than two-thirds of its new customers—to remember little of the Snapdeal that once aspired to be one of India’s biggest e-commerce players. “For them, their perception of Snapdeal is the Snapdeal they see today,” said Rohit Bansal, promoter and joint managing … Read more
Pet food and nutrition brand Lickicious has raised Rs 19 crore through a combination of equity and institutional debt, as it looks to scale its annual revenue to Rs 100 crore and expand into a broader, multi-category and omnichannel business. Lickicious, operated by Nuvexo Wellness Pvt Ltd, counts Prath Ventures as its lead institutional investor. … Read more
The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its massive AI spending. Alibaba said on Sunday its HK$80 billion share placement finalised at HK$112.70 apiece – an 8.4% discount to its Friday close – … Read more
Shiprocket has given investors a striking first-day payoff, with its shares listing at a 35% premium to its Rs 97 IPO price, before climbing as much as 48.6% intraday. At its peak, that put the company at roughly $1 billion, according to Reuters. The excitement is not just about a successful technology IPO. It reflects … Read more