Latest news with #Swiggy
Time of India
8 hours ago
- Business
- Time of India
BigBasket turnover declines in FY25 amid rising quick commerce competition
Academy Empower your mind, elevate your skills Tata Digital-backed e-grocery platform BigBasket saw its annual turnover decline in the year that ended March 2025, as competition from quick commerce rivals Blinkit, Zepto and Instamart to Tata Sons' annual report for FY25, BigBasket's B2C unit Innovative Retail Concepts' FY25 turnover fell 3% to Rs 7,673 crore, while its B2B unit Supermarket Grocery Supplies's turnover fell 7% to Rs 2,227 crore during the losses for Innovative Retail Concepts, meanwhile, increased to Rs 1,851 crore during FY25, from Rs 1,267 crore the year which initially operated as a slotted grocery delivery player, transitioned to quick commerce through its 10-minute delivery service BB Now The Tata Group bought a majority stake in BigBasket in 2021, buying out the entire stake of its then largest shareholder, Alibaba, in a deal valuing the company between $1.5 billion and $2 April, ET had reported that the salt-to-software conglomerate had roped in global investment banks to raise $1.3 billion in external capital for its digital businesses BigBasket and epharmacy platform 1mg, of which $1 billion was being earmarked for the grocery a business review of Tata Digital's businesses back in February, the group holding company had made clear its displeasure over BigBasket lagging in a space that has seen its competitors capturing market share, ET had as per various industry estimates, around 80-85% of India's quick commerce market share is held by the top three players — Eternal-owned Blinkit, Zepto and Swiggy's Instamart — with the rest split between BigBasket, Flipkart Minutes, JioMart and Amazon owns over 65% of BigBasket while Mirae Asset VC and the UK's CDC Group are among other investors. The Bengaluru-based company was last valued at $3.2 billion in December 2022, when it raised $200 million from Tata June, BigBasket had also started piloting its 10-minute food delivery service , offering items from Starbucks India, a joint venture between Tata Consumer Products and US-based coffee chain Starbucks, and Qmin, a food delivery platform owned by Tata Group's Indian Hotels Company Limited
Mint
12 hours ago
- Business
- Mint
Creators find a new calling: corporate AI trainers
Ansh Mehra, 27, is on the verge of reaching 1 million followers across Instagram and YouTube. But unlike other influencers, the computer science engineering graduate, who once worked at Swiggy, isn't worried about follower count. Instead, he has found a booming niche: artificial intelligence training for top corporations. India's largest private financial services group HDFC, Reliance Industries Ltd and British energy conglomerate Shell are among the world's top 75 firms by market value that are increasingly enlisting experts with deep AI knowledge to train their employees. Surging demand for their skills allows creators and consultants like Mehra to secure up to ₹25 lakh in a few weeks. Mehra has been running his AI training venture, The Cutting Edge School, for the past three years. He is currently conducting a workshop for over 1,000 employees for a top retail firm–he refused to identify the client, citing a non-disclosure agreement. 'Most companies that come to us have three key problems that they want solved: one, their employees are still using outdated tools for functions such as marketing, content creation and outreach; two, most of them are not using AI the way it should be; and three, giving the right prompts to ensure that privacy and security of individuals is maintained," Mehra said. Demand for AI upskilling has exploded globally as the technology becomes part of corporate workflow across sectors. India, too, will need more than 1 million skilled AI workers within the next 12 months to keep up with the pace of AI adoption by companies and for the country to achieve its target of generating $35 billion of domestic product by 2047, a report by the ministry of electronics and information technology (Meity) said earlier this month. AI tools to strategy In most cases, trainers are identified because of their social media content or CXO references based on years of experience in AI. Courses offered cost ₹6-25 lakh for courses running for four to six weeks, and the number of participating employees can go as high as 1,000. These courses mostly cover primers on the fundamentals of AI, and hands-on guides on how to make the most of popular tools such as OpenAI's ChatGPT, Google's Gemini, Microsoft's Copilot, Adobe's Firefly, and more. Companies are separately upskilling individual leaders to gain a deeper understanding of AI policy, lessons from lawsuits around the world, and strategies for how the technology can either add value or reduce costs. These courses typically cost ₹5,000-25,000 per person per week. Mehra's courses typically run for four weeks, and his 25-member team conducts 12 of them in a year—but aims to do more as demand ramps up. 'There is deep demand from companies for AI upskilling, and this demand is unlikely to die down," said Kashyap Kompella, a veteran AI consultant. 'The courses range from offering an introduction into the variety of AI tools available for various tasks, understanding their limitations and scope, the ethics and legality of it, and their applicability across the board—be it data analytics or for content generation." Kompella is conducting a six-week immersive AI training programme for more than 5,000 employees of a top Indian financial services firm. 'When used by capable individuals, AI can significantly enhance both personal and team productivity," he said. 'However, its impact depends heavily on how well users can collaborate with the technology. Companies are waking up to this today, and that is leading to heavy demand from conglomerates." Shell cited its silent period in response to Mint's query, but acknowledged that the company is working with external consultants for AI upskilling across functions. HDFC Mutual Fund, Reliance Retail and Nestle did not respond to emailed queries. Mid-career demand Sridev Ramesh, 29, who cofounded AI developer and engineering content platform 100xEngineers, offers courses to mid-career corporate professionals keen to learn how best to use popular AI tools to augment existing work in professions such as digital marketing, content generation and more. 'The biggest takers for our AI upskilling courses are aged 30-35, and are mid-career corporate professionals from across domains who are either trying to catch up on AI skills, or gain a deeper understanding of how it can affect their work," he said. 'We just began our fifth cohort—which has about 200 takers. While students pay about ₹1.1 lakh for this six-month online-only course, working professionals are charged up to ₹1.4 lakh for it." While Ramesh, who holds a distance learning degree in astrophysics engineering from The Open University, UK, has offered custom AI upskilling programmes to companies, he prefers the open registration route where his courses are not tied to any particular firm. 'We offered an internal upskilling course for using AI for digital marketing use cases at Netflix. But, most companies need a customized programme for a set number of employees—we prefer to offer our own course, and there is a huge demand for them at our end," said Ramesh. 'We currently limit registrations at up to 200 candidates per cohort because that is our bandwidth—all the training is provided by my cofounder and I." Queries emailed by Mint to Netflix remained unanswered till press time. Varun Mayya, 32, provides content and marketing courses through his agency Aeos Media. In the past year, the firm has offered AI video creation training and consultancy services to Godrej Properties, Amazon Prime Video and two major media conglomerates, among others, he said. Godrej Properties and Amazon have yet to respond to Mint's emailed queries. 'Our multi-week AI training programmes can extend up to ₹15 lakh for an internal corporate session, depending on the number of attendees and what is expected from us," Mayya said. 'We only stick to our area of expertise in AI training—AI content generation and marketing." Creators and consultants say the demand for AI upskilling is here to stay. 'We're only just discovering AI, and the field itself is actively evolving. Going forward, demand for education is certain to sustain for long—and those making the early moves can either delve deeper to offer greater expertise and certification in the long run," said 100xEngineers' Ramesh. According to Kompella, CXOs 'are only beginning to realize that understanding AI is imperative, and it is better done sooner than later". Surface-level training There is, however, some scepticism. Jibu Elias, India head for responsible computing at Mozilla, said the generative AI hype is driving corporate leaders to AI training and many courses largely skim the 'surface level usage of commercial tools". 'Tech companies also have vested interests in getting future users familiarised with their ecosystems early on—we've seen this playbook before," said Elias. 'But, what we're likely to see going forward is a shift from basic tool-training toward deeper education in context-specific AI reasoning, ethical judgment, and system integration. The role of the AI trainer isn't disappearing, but it will need to evolve just as fast as the tools themselves." Mehra of The Cutting Edge School, however, does not expect demand for corporate AI trainers to cool anytime soon. 'In most of our training courses, we see that established corporate employees are still sketchy on the best ways to use AI," he said. 'As long as the field of AI keeps evolving, those on the cutting-edge of the technology will always find demand from larger corporations, seeking help with upskilling their workforce."
NDTV
a day ago
- Business
- NDTV
Swiggy Rolls Out 'High Protein' Category On App To Promote Healthier Eating
Food delivery platform Swiggy has rolled out a new feature for users wanting to make healthier food choices. The company recently announced the launch of a dedicated 'High Protein' category on its app, which is now available across 30 cities in India. The initiative responds to the growing consumer demand for protein-rich meals. It is also designed "to make high protein food items and meals more visible, accessible, and integrated into everyday ordering behaviour," as per Swiggy. The new category already includes over 5 lakh dishes curated from more than 35,000 restaurant partners across cities like Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, and Chandigarh, among others. Also Read: Swiggy Launches New Travel And Lifestyle App 'Crew': What It Does And How It Works How Does Swiggy's High-Protein Feature Work? Each dish listed under this category meets specific nutritional criteria: At least 15 grams of protein 700 kcal value or less A protein-to-calorie ratio of 10% or more "Proteins are an essential part of our daily intake," said Deepak Maloo, Vice President of Food Strategy, Customer Experience & New Initiatives at Swiggy. "With this launch, we aim to make high-protein dishes more accessible to our users, enabling better health and well-being. We will continue partnering with restaurants to expand these offerings." The launch of Swiggy's new feature follows a successful pilot phase where over 1.8 million users explored high-protein meals through the app. While metros like Bangalore, Mumbai, and Delhi led in orders, cities like Chandigarh also showed strong interest. This implies that there is indeed widespread demand for foods with high protein content. How To Use Swiggy's High-Protein Search Feature? The High Protein category is designed for easy discovery: Users can search terms like "Protein" or "Diet" on the Swiggy app to access the section. Dishes are organised by protein content, and users can filter by ingredients (specific protein sources) like paneer or soya. They can also browse protein-rich options within selected restaurants. Also Read: Swiggy User Ordered 200 Pizzas Worth Rs 45,000 In Single Order, Company Reveals Why The Focus On Protein? Several reports and studies have highlighted protein deficiencies in the Indian diet. In recent times, an increased interest in formal fitness and nutrition routines has also led to a heightened awareness of the importance of protein. Swiggy cited a report by ICRISAT, IFPRI, and CESS, which reveals that two-thirds of households in India's semi-arid tropics fall short of the recommended protein intake. It also mentioned an IMRB survey, which revealed that 73% of Indians are protein-deficient, with only 10% consuming sufficient protein in their daily diets. Swiggy's new category apparently aims to bridge this gap by making healthy food more visible and convenient. Advertisement For the latest food news, health tips and recipes, like us on Facebook or follow us on Twitter and YouTube. Tags: Swiggy Swiggy New Feature Swiggy High Protein Category High Protein Food News Show full article Comments
Economic Times
a day ago
- Business
- Economic Times
Can Swiggy ride the sentiment wave after Eternal's blowout quarter?
Swiggy shares saw renewed interest after Eternal, the parent of Zomato and Blinkit, posted strong operational metrics in Q1FY26, despite a sharp drop in profit. With investors bullish on the quick commerce theme, attention is now turning to Swiggy ahead of its results. ADVERTISEMENT Eternal's Q1 report showed a 70% year-on-year jump in revenue, driven by strong performances in Blinkit and food delivery. Notably, quick commerce Net Order Value (NOV) surpassed food delivery for the first time in a full quarter, reflecting a significant shift in consumer growth sparked optimism among investors, with brokerages like Jefferies upgrading Eternal to a Buy, calling Blinkit's momentum 'underestimated.' The upbeat sentiment quickly spilled over to Swiggy, which also operates in the high-growth quick commerce space. Swiggy stock, currently trading at Rs 417, has gained 21% over the last three months. However, it remains 32% below its 52-week high of Rs 617 and is down 23% year-to-date. Analysts believe this recent upward momentum could continue if technical indicators hold. According to Kunal V Parar, VP – Technical Research & Algo at Choice Broking, the stock has formed a Cup and Handle pattern and is trading above both its 50-day and 100-day moving averages.'A bullish crossover and RSI above 70 indicate strong momentum. A breakout above the neckline could push the stock towards Rs 453 and potentially Rs 525,' said Parar. ADVERTISEMENT Drumil Vithlani, Technical Analyst at Bonanza, added that Swiggy has been forming higher highs and higher lows since June, suggesting a continued positive undertone.'As long as the stock holds above Rs 400, we expect a gradual move towards Rs 440 in the near term,' Vithlani noted. ADVERTISEMENT Swiggy is yet to announce its Q1FY26 results, but given Eternal's strong revenue growth and sector-wide momentum, investors may position early in anticipation of similar Swiggy's numbers confirm rising traction in food delivery and quick commerce, analysts believe the stock could reclaim higher levels last seen earlier this year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Can Swiggy ride the sentiment wave after Eternal's blowout quarter?
Swiggy shares saw renewed interest after Eternal , the parent of Zomato and Blinkit, posted strong operational metrics in Q1FY26, despite a sharp drop in profit. With investors bullish on the quick commerce theme, attention is now turning to Swiggy ahead of its results. Sector sentiment lifts Swiggy Eternal's Q1 report showed a 70% year-on-year jump in revenue, driven by strong performances in Blinkit and food delivery. Notably, quick commerce Net Order Value (NOV) surpassed food delivery for the first time in a full quarter, reflecting a significant shift in consumer demand. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Design Thinking Public Policy MCA Management MBA Others Healthcare Data Analytics Artificial Intelligence Operations Management Technology Degree Data Science Cybersecurity Data Science others Product Management Finance healthcare PGDM Leadership CXO Digital Marketing Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details This growth sparked optimism among investors, with brokerages like Jefferies upgrading Eternal to a Buy, calling Blinkit's momentum 'underestimated.' The upbeat sentiment quickly spilled over to Swiggy, which also operates in the high-growth quick commerce space. Swiggy up 21% in 3 months, but still below peak Swiggy stock, currently trading at Rs 417, has gained 21% over the last three months. However, it remains 32% below its 52-week high of Rs 617 and is down 23% year-to-date. Analysts believe this recent upward momentum could continue if technical indicators hold. Technical setup supports a bullish outlook According to Kunal V Parar, VP – Technical Research & Algo at Choice Broking, the stock has formed a Cup and Handle pattern and is trading above both its 50-day and 100-day moving averages. 'A bullish crossover and RSI above 70 indicate strong momentum. A breakout above the neckline could push the stock towards Rs 453 and potentially Rs 525,' said Parar. Drumil Vithlani, Technical Analyst at Bonanza, added that Swiggy has been forming higher highs and higher lows since June, suggesting a continued positive undertone. 'As long as the stock holds above Rs 400, we expect a gradual move towards Rs 440 in the near term,' Vithlani noted. Q1 results could be the next catalyst Swiggy is yet to announce its Q1FY26 results, but given Eternal's strong revenue growth and sector-wide momentum, investors may position early in anticipation of similar trends. If Swiggy's numbers confirm rising traction in food delivery and quick commerce, analysts believe the stock could reclaim higher levels last seen earlier this year.
