Latest news with #Swiggy
Time of India
42 minutes ago
- Business
- Time of India
New-age cos' road to profitability; QED's Nigel Morris interview
New-age cos' road to profitability; QED's Nigel Morris interview Also in the letter: Most listed new-age startups improve Q4 profitability; Swiggy, Ola lag behind Why it matters: By the numbers: Between the lines: Brokerages highlighted rising margins at Nykaa and PB Fintech as signs of sustainable growth. Swiggy claims its peak burn is behind it; Blinkit says it will prioritise growth, even at the cost of profitability. Ather Energy narrowed losses, while Ola Electric lost EV share to Bajaj & TVS. The bottom line: Also Read: Regulators realising fintechs are here to stay: QED's Nigel Morris Fintech domination: Regulatory headwinds? Neobanking concerns: APAC in focus: UPI transactions rise 4.4% in May after April decline Numbers game: May's figure marks a 4.4% rise from April's 17.89 billion transactions, which had fallen from 18.30 billion in March due to a spate of service outages. In value terms, UPI handled Rs 25.14 lakh crore in May. This is up from Rs 23.95 lakh crore recorded in April. Also Read: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Job losses: How AI has painfully disrupted dreams of young software engineering graduates Uncertain days: Rise in anxiety: How to surivive: Also Read: BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru Going in-house: Starbucks, a joint venture between Tata Consumer Products and Starbucks Corporation. Qmin, a food delivery platform owned by Indian Hotels Company Limited (IHCL). Customers can also order beverages, including coffee, tea, and juice, along with snacks, meal bowls, and desserts. Tell me more: Also Read: Other Top Stories By Our Reporters VerSe Innovation allegedly billed without services; Indian company denies claims: Top illegal betting site Parimatch draws more visits than Amazon, X: LinkedIn lays off hundreds as tech giants continue to cut jobs: Global Picks We Are Reading After a torrid time on Dalal Street, new-age firms have taken a turn towards profitability in the March quarter. This and more in today's ETtech Morning Dispatch.■ AI and the Indian middle-class dream■ BigBasket's rapid food delivery foray■ Builder AI-VerSe dirty dealOut of 17 publicly listed new-age firms in India, 11 reported better profitability in the March quarter, either by narrowing losses or posting stronger profits. Top performers included Nykaa, Policybazaar, Delhivery , Ather Energy and Ixigo This points to stronger operational discipline across India's digital-first companies. But the momentum remains uneven, with quick commerce bleeding cash through the quarter.A few breakout names are beginning to show maturity, but India's new-age tech companies are still navigating the trade-off between growth and profitability, with quick commerce emerging as the new Morris, managing partner, QED InvestorsFintechs are no longer scrappy outsiders. They're scaling faster than traditional players and increasingly, regulators are recognising them as a permanent fixture in the financial services industry, QED Investors' cofounder Nigel Morris told us In an exclusive interview during his annual visit to India, Morris said fintechs are beginning to dominate categories such as earned wage access, money transfers, and neobanking. With AI reshaping everything from underwriting to product delivery, fintechs are adopting the technology at a far faster rate than legacy fintech sector is currently navigating tighter scrutiny, particularly around unsecured lending and digital compliance, pressures that have hit both fundraising and valuations. But Morris sees this as a 'natural cycle' that will ultimately lay the groundwork for the next wave of QED remains bullish on India, it is cautious about segments like neobanking, where many players have yet to show strong user engagement or effective cross-selling, said its Asia head, Sandeep Patil. Still, Morris believes the stronger fintechs will earn regulatory trust and may eventually secure banking which backs Jupiter, OneCard, Upswing, and Efficient Capital Labs in India, plans to invest $250–300 million in early- and growth-stage startups across India and the Asia-Pacific. The fund has deployed about $220 million in the region over the past five Payments Interface (UPI), the real-time payment system operated by the National Payments Corporation of India (NPCI), processed 18.68 billion transactions in May, a bounce back from April's Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship languages like Java, C++, and Python have done more than just build software . They built lives. For years, they offered a ticket to stable jobs, upward mobility, and a way out of the lower-middle-class trap. Millions rode that wave, often becoming the first in their families to do came AI. And with it, the middle class's dreams, written in the promise of software, are under jobs that generations of engineering students saw as a gateway to long, stable careers are no longer a given. AI has redrawn the industry map, leaving behind a trail of layoffs, shifting role definitions, and a rising cohort of under-skilled young developers are the worst hit. Many AI tools now outperform entry-level programmers, leaving them anxious, unsure, and struggling to prove their worth. The impact goes beyond the professional, with mental health issues becoming increasingly common.'More than 60% of engineering students don't have enough hands-on knowledge and experience,' says TeamLease Digital's Neeti Sharma, adding that beyond college degrees, what's needed is certifications in AI, cloud, security, or data science, working on real projects (like sharing code on GitHub), and joining hackathons or its services, the Tata Group's grocery delivery firm, BigBasket, has entered the rapid food delivery space , offering 10-minute deliveries in select Bengaluru pin its 10-minute food play, BigBasket has tapped into Tata's in-house brands. New offerings include items from:The move comes five months after cofounder and CEO Hari Menon said on X that BigBasket would enter the food delivery market. In a December 2024 post, Menon had announced plans to expand BigBasket's SKUs to over 30,000 in all tier-1 cities, launch pharma deliveries via Tata 1mg, and introduce a food delivery VerSe Innovation, the parent company of the news aggregator platform Dailyhunt, and London-based AI startup allegedly inflated revenue by issuing invoices to one another without providing services in many instances, according to a Bloomberg betting and gambling platforms such as 1xBet, Parimatch, Stake, Fairplay, and BateryBet drew a staggering 5.4 billion visits in FY25, with Parimatch alone generating more traffic than Amazon, X (formerly Twitter), LinkedIn, Hotstar, Quora, or Reddit, according to a study by CUTS job and networking platform LinkedIn has joined the growing list of tech giants laying off employees, reducing 281 positions across California.■ How the loudest voices in AI went from 'regulate us' to 'unleash us' ( Wired ■ The math tutor and the missing $533 million ( Rest of World ■ Can the Gulf really become an AI superpower? ( FT
Mint
an hour ago
- Business
- Mint
Stocks to buy for short term: From Swiggy to PNB— Jigar Patel of Anand Rathi suggests 3 stock picks; do you own any?
Stocks to buy for short term: Indian benchmark Nifty 50 ended lower for the second consecutive week last Friday, failing to sustain levels above the 25,000 mark. Stretched valuations, lack of fresh triggers, and a slowdown in foreign institutional investor (FII) buying weighed on market sentiment. However, while the benchmark index traded in a narrow range and closed 0.41 per cent lower for the week ended May 30, broader markets outperformed. The Nifty Midcap 100 and the Nifty Smallcap 100 indices rose over 1 per cent each. According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, the index is trading close to the 161.8 per cent Fibonacci extension, a zone that often acts as a resistance. Patel highlighted that the golden crossover (50-day EMA above 200-day EMA) remains significantly lower—around 23,800 to 23,500—indicating room for a deeper pullback if key support levels give way. For the Nifty 50, immediate resistance is seen in the 25,100–25,300 zone, while 24,450 is the key support to monitor. "A decisive breach below this level could trigger a deeper corrective move. In this environment, we maintain a cautious bias, favouring profit-booking on rallies rather than aggressive dip buying, as the retracement may extend further," said Patel. Jigar Patel recommends buying shares of Swiggy, PNB and Castrol India for the next two to three weeks. Swiggy's price action is currently unfolding within a falling parallel channel, suggesting a phase of consolidation. However, insights from Camarilla Pivot Analysis indicate a potential momentum shift. Over the past two months—April and May— Swiggy stock has formed an inside value setup, where each month's pivot range is contained within the previous month's. April's pivot range remained within March's, and May has followed suit by staying largely inside April's range. This type of compression typically precedes a high-probability breakout within 1–2 weeks. Adding weight to this setup, the RSI is showing a bullish divergence, signalling a likely reversal or upward move in the near term. "A long position is recommended above ₹ 330, with an upside target of ₹ 375," said Patel. Swiggy stock technical chart PNB is showing signs of a potential bullish reversal. A Bullish Harami candlestick pattern has formed on the weekly timeframe, indicating a possible trend shift. Notably, a strong base formation is visible near the S3 Camarilla yearly pivot, adding technical support to the setup. Additionally, the weekly RSI has decisively broken above the key 50 level, now hovering around 57, which further strengthens the bullish case. "We recommend initiating long positions in the ₹ 104–106 zone, with a stop loss below ₹ 98. The upside target is ₹ 119 in the coming weeks," said Patel. PNB stock technical chart Castrol India stock has recently broken out of a consolidation range between ₹ 205 and ₹ 213, signalling renewed bullish momentum. Notably, this consolidation occurred between the R1 Floor Pivot and the R3 Camarilla Monthly Pivot, lending further credibility to the breakout as a technically significant move. During the entire consolidation phase, the daily RSI consistently held above the 50 mark, reflecting underlying strength, and is now positioned comfortably above 60. "We recommend initiating long positions in the ₹ 214–216 range, with a daily closing stop loss at ₹ 202. The target is set at ₹ 240 in the short to medium term," said Patel. Castrol India stock technical chart Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
The Hindu
a day ago
- Climate
- The Hindu
Delivery agents continue to brave Bengaluru's monsoon without safety nets
Raghunath, a delivery agent working with a popular quick commerce platform, manoeuvred his two-wheeler through the waterlogged streets of Vasanthnagar at 8 p.m. on a busy weekday this week, balancing speed and care as he tried to keep a bag containing two mangoes dry. 'It gets very difficult for us. When it rains like this, the roads get worse, and it takes more time to reach,' he explained. Bengaluru's food and grocery delivery network has seen immense growth over the past decade, with companies promising delivery in under ten minutes. But amid this race for speed, the safety and working conditions of delivery agents, especially during the monsoon, are often overlooked. Private vehicles and the risks 'Some years ago, the State government had said that private vehicles should not be used for delivery services,' said D. Raju, National President of the Delivery Boys Welfare Association (DWBA), Bengaluru. 'But many companies have ignored this. Most agents still use personal scooters or rent electric vehicles like Yulu, which are unsafe, especially on flooded roads,' he said. Raju added that electric bikes lack basic safety equipment like helmets and are not designed for heavy rain or night-time travel. 'The safety of night-shift workers is at constant risk,' he said. Thousif Ahmed, another quick delivery agent, said that potholes and mud-slicked roads during the monsoon season make riding extremely difficult. 'My bike almost skidded off the road several times. Still, customers keep calling, asking why the delivery is late. Only a few understand what we go through,' he said. Frequent illness Beyond traffic and vehicle concerns, many agents also struggle with frequent illness during the rainy season due to long hours in wet clothes. Rising petrol prices cut deep into their already limited earnings, especially for those using their own vehicles. 'Sometimes we have to choose between filling petrol and buying food for ourselves,' said one agent. There's also a lack of access to rest stops or clean drinking water during long shifts, adding further strain to an already tough job, the delivery agent explained. Despite being an essential part of Bengaluru's daily convenience, delivery agents said that their voices often go unheard, particularly when it comes to safety and fair working conditions. When contacted, major delivery platforms like Swiggy and Zomato did not respond to queries about safety measures or vehicle policies for their delivery partners.
Hans India
2 days ago
- Entertainment
- Hans India
Yummy Bee Reinvents Boba Tea with a Flavor-Packed, Guilt-Free Twist
Yummy Bee, India's leading café chain known for redefining indulgence, is bringing a fresh, exciting spin to the wildly popular beverage trend—Boba Tea. The brand's new offering, Sugar-Free Boba Tea, is now available exclusively on Swiggy and Zomato. With this release, Yummy Bee combines irresistible flavor with guilt-free enjoyment, allowing customers to indulge in the boba tea craze without compromising on taste. Boba tea, which originated in Taiwan, has skyrocketed in popularity across the globe, particularly among Gen Z and millennials. This unique drink features chewy tapioca pearls that deliver a delightful texture, paired with bold, refreshing flavors. The customization options—from flavor choices to toppings—have contributed to its viral rise on social media platforms like Instagram and TikTok, where the colorful and visually appealing drinks continue to capture the attention of millions. With Sugar-Free Boba Tea, Yummy Bee takes this much-loved trend to new heights by offering a delectable, sugar-free version of the classic boba tea. The new line-up brings indulgent, mouthwatering flavors that satisfy the craving for something sweet without the sugar rush. Made with all-natural ingredients, each flavor ensures an unforgettable experience that will leave taste buds wanting more. The new Sugar-Free Boba Tea comes in three tantalizing flavors: 1. Mango Boba Tea: Bursting with the rich, tropical sweetness of ripe mangoes, this boba tea combines a luscious fruity base with soft tapioca pearls, creating the perfect balance of smooth and chewy. 2. Thai Boba Tea: Inspired by the bold and aromatic flavors of traditional Thai tea, this creamy beverage delivers a zesty, spiced kick that dances on the palate, complemented by the satisfying chewiness of tapioca pearls. 3. Matcha Boba Tea: For matcha lovers, this refreshing, smooth blend of premium matcha and chilled milk offers a clean, earthy flavor, paired with chewy tapioca pearls for a textural contrast that enhances every sip. 'We've seen boba tea become a global sensation, especially among younger consumers who are looking for more creative ways to enjoy their beverages,' says Sandeep Jangala, CEO and Founder of Yummy Bee. 'With our Sugar-Free Boba Tea, we're bringing a flavorful twist to this beloved drink, allowing customers to enjoy all the taste without the guilt.' As Yummy Bee continues to innovate and bring bold new options to the table, the introduction of Sugar-Free Boba Tea perfectly complements its mission to offer flavorful indulgences that align with diverse lifestyles. Whether you are a long-time fan or trying boba tea for the first time, this sugar-free version is bound to delight and satisfy your cravings. Exclusively available on Swiggy and Zomato, Yummy Bee's Sugar-Free Boba Tea is the perfect way to indulge in something sweet while enjoying vibrant, bold flavors that bring joy with every sip.
Business Standard
2 days ago
- Business
- Business Standard
Deliure Unveils Exclusive Tres Leches Cakes for Mumbai's Dessert Lovers
PNN Mumbai (Maharashtra) [India], May 30: Mumbai's dessert scene just got even sweeter with Deliure's latest launch - the Tres Leches cake. Available in three indulgent flavours - Classic Tres Leches, Pistachio Tres Leches, and Chocolate Tres Leches - this new offering reinterprets the beloved Latin American dessert, bringing a fresh twist to a traditional classic. The Classic Tres Leches stands at the heart of the collection. This dessert is a masterclass in balance, with a rich, moist cake that is soaked in a delicate mixture of three types of milk: evaporated milk, sweetened condensed milk, and heavy cream. The result is a soft, velvety texture that melts in your mouth with every bite, making it the perfect choice for those who appreciate a rich yet light dessert. The layers of creaminess combined with the subtle sweetness of the milk make this variant a true crowd-pleaser. For those seeking something more adventurous, the Pistachio Tres Leches adds an elegant nutty twist. Ground pistachios are infused into the traditional tres leches batter, adding a delicate crunch and a hint of earthy richness, which beautifully complements the cake's smooth and creamy base. The Chocolate Tres Leches, on the other hand, is a luxurious treat for chocolate lovers. Rich cocoa is added to the mix, resulting in a cake that is indulgently chocolatey, yet retains the lightness and moistness that defines a classic Tres Leches. Deliure's Tres Leches cakes are carefully crafted using only the finest ingredients, reflecting the brand's commitment to excellence and quality. Each cake is designed to deliver a premium dessert experience, blending tradition with creativity. The cakes are prepared to ensure that every bite is both indulgent and refined, providing a sophisticated twist on a beloved classic. Founder of Deliure, Mohammad Selia, commented on the launch: "Our Tres Leches cakes offer a refined and contemporary take on a dessert that has stood the test of time. We've worked hard to ensure each flavour is unique while remaining true to the essence of the original recipe." Currently available at Deliure's stores across Mumbai, the Tres Leches cakes can also be ordered via home delivery platforms like Zomato and Swiggy. As part of its commitment to offering seasonal treats, Deliure will introduce variations of this dessert throughout the year, ensuring that there's always something fresh and exciting for dessert lovers in Mumbai. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
