Latest news with #PeerzadaAbrarBengaluru
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Business Standard
23-05-2025
- Business
- Business Standard
Flipkart expands quick commerce to tier-2 and tier-3 cities nationwide
Flipkart Minutes aims to scale rapidly to 800 dark stores by year-end, using existing logistics to reach smaller cities and challenge Blinkit, Instamart, and Zepto Peerzada Abrar Bengaluru Listen to This Article Months after joining Flipkart to lead its quick-commerce arm, Kabeer Biswas is accelerating efforts to position the Walmart-owned retailer as a serious contender in the ultrafast delivery race. Biswas is spearheading Flipkart Minutes' expansion, with the service doubling its business every 45 days and aiming to operate 800 dark stores across the country by the end of the year. As rivals Blinkit, Swiggy Instamart, and Zepto focus largely on urban consumers, Biswas says Flipkart Minutes' strategy hinges on scale, speed, value, and deep penetration into tier-2 and tier-3 cities. It is leveraging the company's existing logistics and supply chain infrastructure
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Business Standard
22-05-2025
- Business
- Business Standard
Prosus CEO Bloisi sets sights on $50 bn India portfolio with AI focus
With high-frequency sectors like food delivery and fintech at the core, Prosus plans new investments, acquisitions and AI integration to scale its India operations Peerzada Abrar Bengaluru Listen to This Article Fabricio Bloisi, Group CEO of global tech investor Prosus, said the firm plans to grow the value of its India portfolio fivefold to $50 billion in the coming years, backed by a few billion dollars in fresh investment. The strategy centres on deepening its presence in core sectors and scaling its ecosystem-focused approach. 'My intention is to invest a few billion dollars more in India,' Bloisi told Business Standard during a media roundtable. Brazilian entrepreneur Bloisi, who succeeded Bob van Dijk as CEO in May 2024, emphasised that Prosus' investment strategy in India remains focused on ecosystem-driven businesses and innovation.
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Business Standard
14-05-2025
- Business
- Business Standard
AI agents can transform customer experience, says Arundhati Bhattacharya
As job roles shift and demand for empathy grows, AI agents are set to change how industry and business are impacted, says Salesforce regional head and former SBI chairperson Arundhati Bhattacharya Peerzada Abrar Bengaluru Listen to This Article Arundhati Bhattacharya describes her professional journey as 'a hell of a ride.' As president and chief executive officer of Salesforce South Asia, and formerly the first woman to chair the State Bank of India (SBI), she is helping steer one of the world's largest tech firms through an AI-driven transformation. In a video interview with Peerzada Abrar, Bhattacharya discusses the growing urgency for inclusive upskilling in India and outlines how Salesforce's 'Agentforce' platform aims to reduce strain on overburdened teams while improving customer service. 'Technology is the only answer,' she says, pointing to sectors from aviation to banking where intelligent
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Business Standard
13-05-2025
- Business
- Business Standard
Ecom firms reduce visibility of Turkish brands amid India-Pak tensions
Flipkart Travel, Cleartrip suspend all flight, hotel and holiday package bookings to Turkey and Azerbaijan Peerzada Abrar Bengaluru Listen to This Article E-commerce (ecom) platforms in India are quietly reducing the visibility of Turkish brands, a move seen as aligning with the country's national interest and sovereignty, according to people familiar with the matter. The shift follows recent reports of closer diplomatic and military ties between Turkey and Pakistan after a flare-up in tensions between New Delhi and Islamabad. 'Over the weekend, we decided to de-prioritise the visibility of Turkish brands on our platform,' said an executive at an online fashion retailer, who asked not to be named. 'We are also evaluating whether to delist them entirely,' he added.
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Business Standard
22-04-2025
- Business
- Business Standard
Flipkart plans India IPO next year, targets up to $70 billion valuation
The Walmart-owned company has initiated steps to relocate its holding company from Singapore to India, a move intended to smooth the path for a domestic listing Peerzada Abrar Bengaluru Listen to This Article Flipkart, the Walmart-backed e-commerce giant, is aiming to go public in India as soon as next year, with an initial public offering (IPO) valuation target of $60 billion to $70 billion, according to people familiar with the matter. If realised, the offering would rank as the largest consumer tech IPO in India's history. The company, based and operating in India, has initiated steps to relocate its holding company from Singapore to India, a move intended to smooth the path for a domestic listing. Flipkart's board has approved the redomiciling process, which is expected to be completed ahead of its IPO
