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Time of India
23-05-2025
- Automotive
- Time of India
Top-deck churn at Tata Digital; Rapido's cash burn rises
Top-deck churn at Tata Digital; Rapido's cash burn rises Want this newsletter delivered to your inbox? Also in the letter: ETtech Exclusive: Naveen Tahilyani steps down as Tata Digital CEO after just a year at the helm New gig: Uphill task: Also Read: Striking out: Laying down strategy: Refocused efforts on core consumer brands like Croma and Tata Cliq. Paused backend integration of BigBasket, 1mg and Tata Cliq to improve the Neu user experience. Approved 1mg's offline expansion. Top deck churn: Rapido hits $1.25 billion in gross order value for FY25, but cash burn accelerates Why it matters: By the numbers: 3–3.5 million daily orders across all segments, including hyperlocal logistics 40% market share across ride-hailing form factors Cash burn narrowed to Rs 17 crore in Q2 FY25, but is now climbing again Four-wheeler service launched in December 2023; currently expanding Between the lines: Flashback: 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: Ola Electric gets board nod to raise Rs 1,700 crore debt Driving the news: Mounting troubles: Other Top Stories By Our Reporters Shortlisted bidders clear IndiaAI GPU tender technical round: Bengaluru downpour hits online deliveries: Krafton backs hyperlocal community app Shuru: IPO-bound InMobi doubles down on AI: Global Picks We Are Reading Happy Friday! Top-level exits continue at Tata Digital with CEO Naveen Tahilyani abruptly ending his year-long stint. This and more in today's ETtech Morning Dispatch.■ Ola seeks fresh funds■ Bengaluru rains woes■ InMobi's AI betL-R, N Chandrasekaran, chairman, Tata Sons and Naveen Tahilyani, former CEO, Tata DigitalIn a surprise move, Tata Digital CEO and MD Naveen Tahilyani resigned just a year after being handpicked by Tata Sons chairman N Chandrasekaran to lead the group's digital commerce insurance giant, Prudential PLC, announced that Tahilyani will join as regional CEO for India, Africa, the Philippines, Cambodia, Laos, and Myanmar, and will also head the company's health at Tata Digital, finance chief Hardeep Singh Guru is tipped to take the top a Tata veteran and former CEO of Tata AIA Life Insurance, was brought in to enforce execution rigour, financial discipline, and strategic focus across Tata Digital's fragmented portfolio, which includes BigBasket, 1mg, Tata Cliq, and the Neu app. He was also tasked with reviving the struggling role diminished recently as the Tata Group prepared BigBasket and 1mg for independent fundraising and eventual IPOs. 'Tata Digital became less relevant as a consolidated unit, with plans to raise capital together falling through,' a source told joined as senior executives continued to exit. Since Myntra founder Mukesh Bansal's departure in 2022 , Tata Digital has experienced multiple leadership changes, including during Tahilyani's tenure.L-R, Rishikesh SR, Aravind Sanka, Pavan Guntupalli, founders, RapidoUrban mobility startup Rapido has increased its gross order value (GOV) by 2.5 times (2.5x) to $1.25 billion in FY25, up from $500 million the previous year, according to people familiar with the surge is attributed to new service offerings and aggressive city-by-city expansion. However, this growth is also pulling the company further from profitability, with monthly cash burn increasing to Rs 40-45 crore this year.'The burn is likely to increase further as Rapido steps up customer acquisition in ride-hailing and prepares to launch its food delivery vertical,' an investor aware of the developments told is steadily eating into Ola's market share in the car-hailing segment while preparing to enter food delivery . Unlike its rivals, Rapido follows a subscription model for drivers, which helps it avoid the higher burn associated with commission-based company raised $200 million in 2024 in a round led by WestBridge Capital, followed by another $30 million from Prosus in early 2025, giving it a valuation of $1.1 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 Agarwal, founder, Ola ElectricOla Electric Mobility has received board approval to raise up to Rs 1,700 crore through non-convertible debentures (NCDs) and other eligible debt marks Ola's first fundraise since its stock market debut in August of last year. It comes amid mounting regulatory scrutiny, falling share price, and shrinking market share. The electric scooter manufacturer has not disclosed how it plans to use the Electric is currently under the regulator's lens over alleged sales discrepancies, vehicle quality concerns, and the lack of trade certificates at several retail to its woes, the company ceded its market leader position in electric two-wheelers to TVS Motor last seven shortlisted companies—NTT-Netmagic, Cyfuture India, Sify Digital Services, Vensysco Technologies, Locuz Enterprise Solutions, Yotta Data Services, and Ishan Infotech—have passed the technical round of IndiaAI Mission's second GPU rainfall and widespread waterlogging in Bengaluru earlier this week disrupted swift commerce and food delivery services across the city, leading to numerous order cancellations and non-deliveries in dozens of pin India has led a funding round in Indore-based hyperlocal community platform Shuru, marking its latest push into the country's broader digital ecosystem beyond InMobi plans to invest $200 million in the AI commerce platform Glance AI and its generative AI ad tech stack as it prepares to list on Indian bourses.■ DOGE used Meta AI model to review emails from federal workers ( Wired ■ DJI drones are everywhere. The US may still ban them ( Rest Of World ■ The wild story of how gut health AI toilet startup Throne raised $4M led by Moxxie ( TechCrunch
Time of India
22-05-2025
- Business
- Time of India
Big Tata Digital exit; Honasa's Q4 net profit dips
Big Tata Digital exit; Honasa's Q4 net profit dips Also in the letter: ETtech Exclusive: Naveen Tahilyani steps down as Tata Digital CEO after just a year at the helm New gig: Uphill task: Also Read: Striking out: Laying down strategy: Refocused efforts on core consumer brands like Croma and Tata Cliq. Paused backend integration of BigBasket, 1mg and Tata Cliq to improve Neu user experience. Approved 1mg's offline expansion. Top deck churn: Honasa Consumer reports net profit decline in Q4 FY25 Financials: Net profit: Fell 16% to Rs 25 crore, compared to Rs 30 crore in the same quarter last year. Fell 16% to Rs 25 crore, compared to Rs 30 crore in the same quarter last year. Revenue from operations: Rose 13% to Rs 534 crore, up from Rs 471 crore. Rose 13% to Rs 534 crore, up from Rs 471 crore. Ebitda margin: Fell to 5.1% vs 7% in Q4FY24 Fell to 5.1% vs 7% in Q4FY24 Gross profit margin: Improved by 76 basis points year-on-year to 70.7% YoY. Strategy shift: Mamaearth: The company noted that strategic changes at Mamaearth are delivering results, with double-digit year-on-year growth in key categories across e-commerce and modern trade in Q4 FY25. The company noted that strategic changes at Mamaearth are delivering results, with double-digit year-on-year growth in key categories across e-commerce and modern trade in Q4 FY25. The Derma Co.: Achieved Rs 100 crore in annual recurring revenue (ARR) through offline channels. Achieved Rs 100 crore in annual recurring revenue (ARR) through offline channels. Retail distribution: Expanded by 26% YoY to 2.36 lakh outlets. Meanwhile, younger brands continued to grow, recording over 30% YoY growth in FY25. Verbatim: 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: Dorminator: Foxconn preps 300-acre base for India's iPhone army Driving the news: Women first: Sam Altman's partnership with Jony Ive furthers OpenAI's hardware ambitions Driving the news: Altman has joined forces with Jony Ive, the visionary behind Apple's iPhone, to create hardware that is purpose-built for AI. The move underscores Altman's ambition to create a fully integrated AI ecosystem that spans large language models, custom chips, data centres, and devices. Throwing shade: In the video announcing the deal, Ive took a veiled swipe at Apple, describing today's products as 'decades-old' and calling it logical to move beyond 'legacy products.' Altman also echoed this sentiment. While praising the iPhone and MacBook as 'stellar', he claimed a prototype AI device developed by io is the 'coolest piece of technology the world will have ever seen.' Current state: Google already operates a full-stack AI ecosystem, including its Pixel hardware, while Microsoft and Amazon are heading in the same direction. Despite integrating AI features into its devices, Apple appears to be lagging behind in developing hardware specifically designed for AI, a space many expect to dominate. It has partnered with OpenAI to upgrade Siri, but the voice assistant continues to trail its rivals. Also Read: Swiggy launches 'Drops' for limited-edition dishes by top chefs How it works: Partner restaurants create special recipes that don't appear on their regular menus. Launch dates and times for each Drop are announced in advance via Swiggy's social media. Customers can pre-register for slots through the Swiggy app. Orders are fulfilled on a first-come, first-served basis, reinforcing the exclusivity of the offering. The feature is currently available in select cities, with plans to expand soon. High engagement: Also Read: In other news: Rival Zomato is also tweaking its fee structure amid rising losses. The Deepinder Goyal-led platform recently introduced a 'rain fee' even for its Gold subscribers. Top-deck churn continues at Tata Digital as Naveen Tahilyani is leaving after just one year. This and more in today's ETtech Top 5.■ Foxconn preps India's iPhone base■ OpenAI's hardware foray■ Swiggy launches DropsIn a surprise move, Tata Digital CEO and MD Naveen Tahilyani resigned just a year after being handpicked by Tata Sons chairman N Chandrasekaran to lead the group's digital commerce insurance giant Prudential PLC announced that Tahilyani will join as regional CEO for India, Africa, the Philippines, Cambodia, Laos, and Myanmar and will also head the company's health a Tata veteran and former Tata AIA Life Insurance CEO, was brought in to enforce execution rigour, financial discipline, and strategic focus across Tata Digital's fragmented portfolio, including BigBasket, 1mg, Tata Cliq, and the Neu app. He was also tasked with reviving the struggling role diminished recently as Tata Group prepared BigBasket and 1mg for independent fundraising and eventual IPOs. 'Tata Digital became less relevant as a consolidated unit, with plans to raise capital together falling through,' a source told joined amid continued senior exits. Since Myntra founder Mukesh Bansal's departure in 2022 , Tata Digital has seen repeated leadership changes, including under Tahilyani's Alagh and Ghazal Alagh, founders, Honasa ConsumerMamaearth's parent company, Honasa Consumer, reported a year-on-year (YoY) decline in net profit for Q4 to ET, Honasa Consumer's cofounder and CEO Varun Alagh said that the negative impact of the restructuring exercise has tided over. 'The positive delta that (this process) will start to deliver is something we will see in the next fiscal,' he 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 US president Donald Trump's directive to Tim Cook to hold off on building in India, Apple's manufacturing push remains firmly on track — evident in the steady buzz at Foxconn's Devanahalli plant It's business as usual at Foxconn's 300-acre campus in Karnataka, where the contract manufacturer is now constructing employee dormitories, a core element of its operations company is investing $2.56 billion in the facility, located 34 km from Bengaluru's Kempegowda International Airport. It aims to manufacture around 100,000 iPhones by December this dorms, set to be completed by the end of 2025, will house 30,000 workers, making it Foxconn's largest facility in India. Employees told us that women workers will be prioritised for housing, as they make up 50-80% of the workforce at the focus follows past allegations of gender-based discrimination in Foxconn's hiring practices.(L-R) Jony Ive, iPhone designer and Sam Altman, CEO, OpenAIOpenAI is taking a bold step into hardware with its $6.5 billion acquisition of io, the secretive artificial intelligence (AI) startup founded by former Apple design chief Jony a slowdown in the food delivery sector, Swiggy has rolled out Drops , a new feature that offers customers exclusive, limited-edition dishes curated by top chefs across Bhakoo, chief business officer at Swiggy Food Marketplace, said Drops aims to make food ordering rare and exciting. It's not just a novelty for users; it allows restaurant partners to experiment with new creations and strengthen customer a bid to expand its food delivery use cases, Swiggy announced a student-exclusive discount programme last week, offering lower rates on its membership programmes (Swiggy One and OneLite).Zomato now charges a 'long distance service fee' for deliveries beyond a 4-km radius.
Fashion Value Chain
02-05-2025
- Entertainment
- Fashion Value Chain
LANGUAGE® Launches Refined Sandals & Loafers for Summer
LANGUAGE® steps into summer with a versatile and elegant footwear collection designed to blend comfort, breathability, and timeless style. Whether you're lounging at a resort or heading to a city brunch, the new Summer Collection offers the perfect pair for every warm-weather occasion. The collection features meticulously crafted sandals and loafers that promise premium materials, cushioned footbeds, and sleek aesthetics. Key highlights include: Richard Sandal – Cushioned and foam-lined for everyday ease in brown and black. Jake Sandal – Adaptive, soft leather sandals ideal for resort escapes, in navy, white, and brown. Diego Sandal – Sleek with extra support, a go-to for both casual and semi-formal looks. Eric Loafer – A breathable, braided design loafer offering all-day polish and artisanal charm. Available across exclusive LANGUAGE® outlets in major Indian cities and online on platforms like TataCliq, and Amazon, the brand invites shoppers to redefine summer sophistication with designs that transition seamlessly from day to night.
Fashion Network
28-04-2025
- Business
- Fashion Network
Decathlon partners with Tata Cliq Fashion to bolster online presence
Global multi-sports apparel and lifestyle brand Decathlon has partnered with Tata Cliq Fashion to strengthen its e-commerce presence in India and connect with shoppers in new geographies, especially across Tier 2 and Tier 3 cities. 'India's sports landscape is evolving rapidly, with individuals increasingly embracing fitness and an active lifestyle," said Decathlon India's CEO Sankar Chatterjee in a press release. "We believe that sports have the transformative power to make societies healthier and happier and our alliance with Tata Cliq Fashion is a step in that direction. As a customer-first brand, Decathlon is committed to provide an immersive and elevated omni experience through e-commerce collaborations to engage with a wider audience. Our extensive range of high-quality products ensures that every sport lover, regardless of location or experience level, is equipped with the essential tools to unlock their full potential. By integrating technology and leveraging Tata Cliq Fashion's customer base, Decathlon is redefining the sports retail experience with greater convenience and inclusivity.' Decathlon has launched over 5,000 sports products on Tata Cliq Fashion's platform, joining over 4,000 Indian and international labels on the e-commerce store. Decathlon offers goods across 60 sport categories, now deliverable to over 24,000 Indian pin codes with Tata Cliq Fashion. 'At Tata Cliq, we are committed to offering a diverse and thoughtfully curated assortment that resonates with the evolving preferences of our consumers," said Tata Cliq's CEO Gopal Asthana. "The sports and fitness category on Tata Cliq Fashion is one of our top-performing categories with a significant contribution of revenue to our overall business. We are elated to expand our portfolio further with the availability of Decathlon's exceptional quality and vast product range, as it aligns seamlessly with our vision to provide a complete sporting solution for every consumer. Together, we aim to redefine the way the nation shops for sports and fitness essentials, taking a meaningful step toward building a healthier and fitter India.'
