Latest news with #SNACC
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Business Standard
19-05-2025
- Business
- Business Standard
Magicpin expands quick commerce arm, MagicNow to drive 20% of food delivery
Hyperlocal retail platform Magicpin expects its rapid delivery vertical, MagicNow, to account for 20 per cent of its total food delivery business by the end of the current financial year, according to co-founder and CEO Anshoo Sharma. Speaking to news agency PTI on Monday, Sharma noted that MagicNow, launched in September 2024, currently contributes 13 per cent of food delivery volumes and is showing robust growth. 'With MagicNow—our 15-minute quick delivery vertical—already contributing 13 per cent of total food delivery orders, we're well on track to scale this to 20 per cent by the end of the financial year,' Sharma said. The service has expanded significantly in recent months, growing from operations to 20 high-density urban areas in six major metros. It has also seen stronger customer engagement, with monthly user retention 10 per cent higher than Magicpin's platform average. According to Sharma, the company has expanded its network of merchant and restaurant partners to over 21,000 from 3,000 since MagicNow's launch. The roster includes national and global chains such as McDonald's, Taco Bell, Chaayos, Wendy's, Faasos, and Burger King, alongside local eateries. Magicpin claims to provide access to 275,000 retailers and about 3,000 brands across various categories, including fashion, food, electronics, grocery, nightlife, and entertainment. MagicNow joins Swiggy, Zepto, Zomato in quick commerce race MagicNow's growth comes amid intensifying competition in India's growing quick commerce space, where platforms promise delivery within 10–15 minutes from neighbourhood fulfilment centres. Once a niche segment, it has rapidly scaled, with analysts at Bernstein estimating the sector will balloon to $35 billion by 2030, up from just $200 million in 2021. Established players are also doubling down. Swiggy has extended its 10-minute food delivery service, Bolt, to over 500 cities and introduced SNACC, an app dedicated to delivering small meals in under 15 minutes. Its grocery service, Instamart, continues to expand, now supported by larger warehouses across 100 cities. Zepto has diversified with Zepto Cafe, offering hot snacks and beverages in 10 minutes, and launched Zepto Atom, an analytics platform aimed at providing brand partners with customer insights. Zomato, meanwhile, has re-entered the race with a 15-minute food delivery service in Delhi-NCR and a pilot initiative called Bistro by Blinkit, enabling ultra-fast service via its quick commerce arm.
Saba Yemen
04-05-2025
- Politics
- Saba Yemen
Instilling integrity values" program launched for summer course students in Al-Wahda district, Capital Secretariat
Sana'a – Saba: The Supreme National Authority for Combating Corruption (SNACC), in collaboration with the Summer Courses Sub-Committee in the Capital Secretariat and Al-Wahda district, launched on Sunday an awareness program aimed at instilling and promoting integrity values to prevent corruption under the slogan "Knowledge and Jihad." During the inauguration, Ridwan Al-Mutawakel, Deputy Head of the Anti-Corruption Authority, explained that the program aligns with Quranic teachings and moral responsibility, as well as the directives of the Revolution Leader, Sayyid Abdulmalik Badruddin Al-Houthi, to prioritize summer courses. It also implements the provisions of the Anti-Corruption Law, its executive regulations, and the objectives of the National Anti-Corruption Strategy (2022–2026), within the framework of partnership and coordination between SNACC and the Capital Secretariat. Al-Mutawakel emphasized the Authority's commitment to implementing this awareness program, which targets summer course participants, to cultivate and reinforce awareness among youth about the dangers and consequences of corruption on individuals and society. He highlighted the importance of participants understanding corruption's risks to the nation, future generations, Yemeni society, and state institutions, as well as its negative impacts across cultural, educational, social, health, economic, and political spheres. He noted how corruption weakens and degrades the services provided by the state to citizens. Al-Mutawakel also stressed the need to immunize youth against corruption through Quranic-based ethical education, rooted in the concept of religious, legal, national, and societal responsibility. This responsibility reflects in the behavior of righteous believers who reject corruption and show no tolerance toward corrupt individuals. The inauguration was attended by Mu'tasim Abad, Head of the Executive Office in the Capital Secretariat. Abdullah Obaid, Director of the Youth and Sports Office, and Jamil Al-Khalid, Director of the Education Sector in the Directorate of Education, praised SNACC's role in promoting integrity, transparency, and noble human values among youth through summer courses and other initiatives. They emphasized the importance of collective efforts by institutions and various groups to foster a society where integrity is upheld and any tolerance toward corruption and corrupt individuals is rejected. On the first day of the program, Dr. Yahya Al-Marwani, Head of the Executive Unit at SNACC, and Muhammad Al-Qans, Head of the Financial Disclosure Department, delivered two awareness lectures. Educational presentations were also shown, covering concepts of integrity, responsibility, honesty, forms of corruption, its dangers, prevention methods, an introduction to SNACC's roles and tasks in safeguarding youth against corruption. Whatsapp Telegram Email Print
