Posts in category: Startup News

Blinkit is revolutionizing the online shopping experience by giving customers the ability to customize their storefronts. With Blinkit, shoppers can choose from a variety of different designs, colors, and layouts to create a personalized shopping experience.

This new approach to online shopping not only makes it easier for customers to find what they are looking for but also allows them to express their own unique style. Blinkit is making it possible for customers to shop in a way that suits them best and is leading the way in transforming how we shop online.

What is Blinkit and How Does Its New Feature Help Businesses

Blinkit is a revolutionary platform that helps businesses take advantage of the latest technology to create and manage their content. With its new feature, Blinkit enables businesses to streamline their content creation process, making it easier and faster to create high-quality content.

By leveraging AI-driven automation, Blinkit helps businesses optimize their workflow, allowing them to focus on more important tasks and save time. In addition, Blinkit’s new feature provides businesses with access to real-time analytics, giving them insights into how their content is performing and how they can improve it. This makes it easier for businesses to understand what works best for them and adjust their strategies accordingly.

Exploring the Benefits of Blinkit’s Customizable Storefronts for Businesses

Blinkit’s customizable storefronts offer businesses a unique way to showcase their products and services. With its easy-to-use interface, businesses can quickly create and customize an online store that meets their needs.

Blinkit’s storefronts provide businesses with the opportunity to create a unique shopping experience for their customers, allowing them to stand out from the competition. This article will explore the benefits of Blinkit’s customizable storefronts for businesses, including increased visibility and customer engagement, improved customer service, and better control over pricing and inventory.

How to Take Advantage of the New Blinkit Feature to Design Your Own Storefront

With the new Blinkit feature, businesses and entrepreneurs can now easily design their own storefronts. This feature allows users to customize their store with various features like product images, customer reviews, and more.

With this feature, businesses can create a unique and personalized shopping experience for their customers. In this article, we will discuss how to take advantage of the Blinkit feature to design your own storefront. We will look at the various tools available and how they can be used to create an engaging shopping experience for your customers.

Comparing Different Types of Customizable Storefront Options Available on Blinkit

Blinkit offers a range of customizable storefront options to meet the needs of businesses, ranging from simple one-page stores to complex multi-page stores.

This article will compare the different types of customizable storefronts available on Blinkit, their features and use cases, and how they can be used to create an effective online presence.

Designing an Effective Digital Experience with the Right Tools from Blinkit

Blinkit is a tool that helps businesses create digital experiences that engage and delight their customers. It provides the right tools to design, develop, and deploy effective digital products. With Blinkit, businesses can create an engaging customer experience by utilizing features such as user-friendly interfaces, personalized content, and intuitive navigation.

The platform also offers analytics tools to help businesses monitor user engagement and track performance metrics. With Blinkit’s powerful suite of tools, companies can build an effective digital experience that drives customer loyalty and increases sales.

Key Points

• The performance of their pages will be analysed in real-time so that brands can see what is working and what is not.
• Blinkit, a player in quick commerce, has launched a new feature that enables its partner businesses to establish micro-brand stores and advertise their goods within its app.
• With this, brands will be able to understand what is and is not working by looking at real-time information about the success of their pages.
• The new feature provides brands with a real-time picture of their performance on the app and across multiple countries, along with data regarding sell-throughs and supply chain tools.
• Brands will also be able to design their own pages or page flows to emphasise certain products or interact with customers.
• Depending on what they believe is more essential to their presence on the site, brands can produce various types of content and sections.
• To give their brand-new or dedicated customers a more comprehensive shopping experience, they can also develop their own design language and assets.
• Blinkit currently offers users access to roughly 13,000 products in more than 500 locations.
• In the third quarter that concluded on December 31, 2022, the company reported revenue of Rs 301 crore, an increase of 28% quarter over quarter (QoQ), and gross order value (GOV), which increased by 18% QoQ to Rs 1,749 crore.

Telgani, a Saudi mobility firm, has recently secured $6 million in Series A funding. This investment will help the company to revolutionize the Kingdom’s transportation industry by providing innovative and efficient solutions.

The company aims to provide a safe and reliable transportation system that is accessible to everyone in the country. With this funding, Telgani is set to become one of the leading players in the mobility sector. It will be interesting to see how this company uses its resources and technological advancements to transform the Kingdom’s transportation industry for good.

What is Telgani and What Does the Series A Investment Mean for Saudi Arabia

Telgani is a Saudi-based startup that has recently secured a Series A round of investment from investors, including the Saudi government. This investment is seen as a major step forward for the country, as it signals an increased focus on innovation and technology. It also shows that the Saudi government is willing to invest in startups with potential for growth and success.

This investment will have significant implications for Saudi Arabia’s economy, as Telgani’s technology can be used to create new jobs and help existing businesses become more efficient. Additionally, Telgani’s AI-based solutions can be used to automate tasks, freeing up employees’ time to focus on more important tasks. This could lead to an increase in productivity and efficiency across many industries in the country.

How Telgani is Improving Urban Mobility in Saudi Arabia

Telgani is revolutionizing the way people move around in Saudi Arabia. With its innovative approach to urban mobility, Telgani is making it easier and more convenient for people to get around in cities.

Telgani’s services are designed to improve the overall experience of urban mobility in Saudi Arabia. It provides easy access to transportation options such as car rides and bike sharing, allowing users to quickly and easily get from one place to another. Additionally, Telgani also offers special services for commuters such as discounts on public transportation fares and access to ride-hailing services.

Telgani is improving urban mobility in Saudi Arabia by making it more accessible, efficient, safe, and cost-effective for everyone involved. By providing reliable transportation options that are tailored specifically for the needs of urban dwellers, Telgani is helping make cities more livable and enjoyable places to live.

The Benefits of Investing in Telgani’s Series A Round

Investing in Telgani’s Series A round is a great opportunity for investors to benefit from the innovative products and services offered by the company. Through this investment, investors will be able to access Telgani’s cutting-edge technology, which can help them stay ahead of their competition.

Additionally, they will have access to Telgani’s experienced team of professionals who are dedicated to delivering quality products and services. By investing in Telgani’s Series A round, investors can also benefit from its growth potential as the company continues to expand its customer base and operations.

What Does the Future Hold for Telgani and Saudi Arabia’s Transportation Industry

Telgani and Saudi Arabia are two countries that have seen significant growth in their transportation industry over the past few years. With the rise of new technologies, such as autonomous vehicles, electric cars and ride-hailing services, both countries have been able to revolutionize their transportation industries.

This article will discuss what the future holds for Telgani and Saudi Arabia’s transportation industry in terms of technological advancements and potential use cases.

It will also explore how these two countries are utilizing AI-powered solutions to improve efficiency, reduce costs and increase safety on their roads. Finally, it will consider the impact that these changes may have on both economies in terms of job creation and economic growth.

Key Points

• Hala Car and Elm Company led a $6 million Series A fundraising round for the Saudi Arabian mobility startup Telgani.
• The business will use the money to spread its short-term car rental services throughout Saudi Arabia. Additionally, it seeks to expand and provide more technological options for flexible car subscriptions.
• Elm Company’s deputy CEO, Majed Bin Saad Al-Arifi, stated that the business is looking forward to the following phases of its development in order to improve its services and solutions to “reinform the role of mobility and the automobile rental services industry.”
• The investment is consistent with Elm’s aim to broaden its investment portfolio and promote Saudi Arabian Businesses and startups.
• Telgani, a company that was founded in 2019, offers consumers car rental alternatives through its app and website. Also, it offers a quick automobile delivery service and has introduced a number of additional services, including car delivery at airports.
• The CEO of Hala Auto, a significant Toyota distributor in KSA, stated that the company has faith in Telgani’s skills to grow the market and offer solutions that would give clients the greatest experiences imaginable.
• Significant investment has been made in the area during the past year. Last year, there was a noticeable increase in investment and startup fundraising activity in the MENA area.
• While the number of agreements decreased by 7.6% from 679 in 2021 to 627 in 2022, funding increased by 8%, reaching $3.2 billion in total. Moreover, the region experienced a record amount of departures in 2022.
• A startup data platform called MAGNiTT reported a 71% increase in merger and acquisition activities. In fact, exits in the UAE, Saudi Arabia, and Egypt increased by twofold. In the MENA region, firms formed five years ago or less accounted for more than 50% of exits.
• The increase in “mega deals,” or transactions worth more than $5 million, was another intriguing trend in the area. Seven big deals were completed in 2022 compared to three in 2021, with three of them originating from Saudi Arabia.

Pinmicro Digital Twin Technology is a powerful tool that can help businesses identify and optimize their workflows. This technology uses real-time data to create virtual models of physical objects and processes, allowing businesses to gain insights into their operations.

With this technology, companies can monitor their performance in real time, improve operational efficiency, reduce costs, and increase customer satisfaction. Pinmicro’s Digital Twin Technology also helps businesses identify potential risks or issues before they become a problem.

By leveraging this technology, companies can ensure that their processes are running smoothly and efficiently while reducing the risk of costly errors or delays.

What is Pinmicro’s Digital Twin Technology and How Does it Help Businesses

Pinmicro’s Digital Twin Technology is a revolutionary concept that enables businesses to gain insights into their operations. The technology uses data from the physical world and combines it with digital information to create an accurate digital twin of their products, processes, and services.

This helps businesses to make better decisions, reduce costs and improve customer experience. With the help of this technology, companies can identify potential problems before they arise and take corrective action quickly. Furthermore, businesses can use the data collected from Digital Twin Technology to optimize their operations for maximum efficiency.

How Pinmicro’s Digital Twin Can Help Companies Overcome Common Workflow Challenges

Pinmicro’s Digital Twin technology is revolutionizing how companies approach workflow challenges. This innovative technology creates virtual replicas of physical objects, giving companies the ability to monitor and control their operations in real-time.

With Pinmicro’s Digital Twin, businesses can easily detect errors, optimize processes, reduce costs, and increase efficiency. By providing them with real-time data about their operations, Pinmicro’s Digital Twin helps companies to better understand their processes and make informed decisions that will improve their workflow.

The Benefits of Using Pinmicro to Streamline & Accelerate Your Business Workflows

Pinmicro is a powerful workflow automation tool that helps businesses streamline and accelerate their workflows. It provides users with an easy-to-use interface to manage and track their workflows, allowing them to focus on more important tasks.

With Pinmicro, businesses can easily create automated processes that save time and energy, as well as reduce the cost of manual labour. Additionally, Pinmicro enables users to access their data from anywhere in the world at any time, making it easier for them to make decisions quickly and accurately. By using Pinmicro, businesses can improve their efficiency and productivity while reducing costs associated with manual labor.

What Are the Different Types of Digital Twins Offered by Pinmicro

Pinmicro is a digital twin technology provider that offers a wide range of digital twins to help businesses increase their efficiency and productivity. These digital twins are created by combining data from physical assets with sensors and AI-driven analytics.

They can be used to monitor the performance of physical assets, simulate scenarios, and optimize processes. Pinmicro’s digital twins come in different types such as Virtual Twins, Physical Twins, and Digital Threads that can be customized according to the needs of the business.

How to Set Up Pinmicor’s Digital Twin Solution for business

Pinmicor’s Digital Twin solution offers businesses the ability to create a virtual representation of their physical assets, processes, and systems. This allows them to better understand how their operations are performing and what changes they need to make in order to improve them. By the end of this article, you should have a good understanding of how Pinmicor’s Digital Twin can help you optimize your operations.

Key Points

• Pinmicro, a Tokyo and Kochi-based company founded in 2018, assists organisations in building highly accurate real-time location systems (RTLS) and Internet of Things (IoT) data digital twins of their business operations.
• Ultra-wideband (UWB) radio technology is currently making its way into daily use, from keyless car door locks to AirDrop file sharing. The technology itself is old, though. UWB and Wi-Fi fought to be the fastest wireless data transfer technology in the early 2000s. It was defeated at the time by Wi-Fi and has subsequently been applied in military and medical situations.
• When Tokyo-based Pinmicro created a tool to assist businesses in tracking their business operations using location data in 2018, it became an early adopter of UWB.
• It’s critical to comprehend the capabilities of the technology in order to comprehend how Pinmicro established its company on UWB. Data can be transmitted using UWB over a large radio spectrum, ranging from 500MHz to several gigahertz.
• UWB is a type of radio technology, much like Wi-Fi and Bluetooth, but because it uses pulse-based technology, it can carry data at speeds of up to 1 GB/s over shorter distances (10–15 metres).
• In plain English, UWB employs ultra-low power and is a short-range wireless communication protocol that offers centimeter-level location precision in real-time, akin to Wi-Fi, Bluetooth, and RFID.
• Such precision is essential for businesses looking to optimise their procedures. Using a digital twin, businesses may identify and immediately fix workflow bottlenecks.
• Pinmicro, a firm founded by Tiby Kuruvil, Gijo M S, Jayaraj Gopi, and Ravindranath AV, leverages data from real-time location systems (RTLS) and the Internet of Things that is extremely accurate.
• “We optimise business operations utilising location data as our value proposition. According to Ravindranath A.V, co-founder of Pinmicro, “The problem we actually answer is indoors by assisting firms operate profitably by utilising location data and building a digital twin.
• The firm started off by marketing its products in Japan, which accounts for a sizable portion of its clients today.
• Ravindranath claimed that because he, Tiby, and Gijo had already established the digital solutions and services firm Innovature in 2005, it was simpler for the trio to attract customers in Japan.
• The team at Innovature developed a solution to address last-mile-related issues while working on digital transformation initiatives.
• The co-founder stated, “We wanted to learn where individuals or things were physically, in metres away.
• The group decided to start Pinmicro, a brand-new business that will concentrate on real-time location. As a co-founder, Jayaraj Gopi was also welcomed on board.
• The group began experimenting with the concept in 2015, and in late 2015 or early 2016, R&D got under way. Before launching the company publicly in 2018, it worked on Proof of Concept for the following two years.
• At the moment, Pinmicro employs 60 people. Its Kochi office houses its hardware as well as its technological research and development (hardware design, embedded systems, and cloud services). In addition, Kochi is where the corporation logs its sales to the US, Indonesia, Oman, UAE, Philippines, and India.
• Enterprises may increase their operational efficiencies and generate greater RoIs with the aid of Pinmicro’s real-time location solution, dSense.io.
• For instance, Pinmicro assisted one of its clients in the railway sector to 20% enhance operational efficiency and 25% decrease maintenance cycle time.
• The startup affixed two pieces of its equipment: beacon receivers within the maintenance unit and beacon cards to machinery that entered the maintenance unit.
• Pinmicro is bootstrapped aside from the Rs 15 lakh it received from Kerala Startup Mission for no equity.
• The startup, which was incubated by NSRCEL, IIM Bangalore, NASSCOM 10000 Startups, and the GHV MAIL programme, is currently seeking funding from angel investors to grow its business.
• According to Markets and Markets research, the ultrawide-band market is anticipated to increase from $1.1 billion in 2020 to $2.7 billion in 2025 at a CAGR (compound annual growth rate) of 19.6%.
• “We’re almost at the adoption curve. It’s going to be used by people. Ravidranath continued, “So we have to really scale up. The firm is looking at around 7X growth in the next five years.
• The main plan of action for the next three years is to expand the company’s brand awareness through marketing, boost sales, and develop technology.

Growing with Your Feet is a Pune-based firm that is revolutionizing kids’ shoes with their patented technology. Their innovative approach to shoe design and manufacturing has enabled them to create shoes that can grow in size with the feet of the children.

This technology helps parents save money by not having to buy multiple pairs of shoes as their children grow. The company also uses eco-friendly materials, making them an environmentally conscious choice for those looking for sustainable footwear solutions.

In addition, Pune-based firm offer custom designs and sizes, making it easy for parents to find the perfect fit for their child’s feet. With this patented technology, Growing with Your Feet is leading the way in creating comfortable and stylish shoes that can keep up with your growing child’s needs.

What is This Pune-Based Firm and How Do Their Shoes Develop With Kids

This Pune-based firm, Little Feet, is a unique business that specializes in making shoes for growing feet. Their mission is to provide children with comfortable and stylish shoes that can adapt to the changing needs of their feet as they grow. Little Feet’s shoes are designed using advanced technology and materials, allowing them to be lightweight yet durable.

Additionally, their products have been tested by experts and pediatricians to ensure they provide maximum protection for kids’ feet. With Little Feet’s innovative designs and quality materials, parents can rest assured knowing their children are wearing the best possible shoes for their growing feet.

The Benefits of Growing With Your Feet Shoes For Children

Growing with Your Feet shoes are designed to provide children with the most comfortable, supportive, and stylish footwear available. With features like a built-in adjustable length system, cushioned insoles, and breathable materials, these shoes are ideal for active kids who need support and protection from the elements.

In this article, we will discuss the benefits of Growing with Your Feet shoes for children and why parents should consider investing in them for their little ones.

How the Patented Technology Behind The Shoes Works

The patented technology behind the shoes is revolutionizing the way people walk and run. With its innovative design, it provides superior shock absorption, cushioning, and stability. It also helps reduce the risk of injury by providing better support for your feet during physical activities.

Additionally, this technology helps to improve your posture and reduce fatigue when walking or running. With its advanced features and benefits, this patented technology is becoming increasingly popular in sports footwear industry.

How to Choose the Right Growing With Your Feet Shoe for Your Child

Choosing the right shoes for your child can be a difficult task. Growing With Your Feet shoes are designed to provide comfort, support and protection for your child’s feet as they grow. They come in a variety of styles and sizes, so it is important to choose the right pair for your child.

In this article, we will discuss how to choose the right Growing With Your Feet shoe for your child. We will look at factors such as size, material, fit and features that can help you make an informed decision when selecting the best pair of shoes for your little one.

The Top Features of This Pune-Based Firm’s Shoes That Make Them Unique And Reliable

Pune-based firm’s shoes have a unique set of features that make them stand out from the rest. From superior quality materials to innovative designs, these shoes offer something for everyone.

They are also reliable, durable and comfortable – making them an ideal choice for those who are looking for a great pair of shoes. In this article, we will be exploring the top features of these shoes that make them unique and reliable.

Key Points

• Aretto is a technology-driven children’s footwear company that was established in 2022 by Satyajit Mittal and Krutika Lal.
• Satyajit Mittal and Krutika Lal, two childhood friends who determined to take action in response to the issue, started a basic study on kids’ footwear.
• Children between the ages of 0 and 3 frequently grow three to four sizes in a year, researchers discovered. And that one in three kids wears improperly fitting shoes. The cause? While shoe sizes develop more rapidly than children’s feet, they do so in smaller steps.
• The pair, putting themselves in the position of children “wearing enormous shoes that they would someday grow into,” established the tech-driven footwear line Aretto in Pune in 2022.
• “We sought to address this obvious issue and rethink the children’s footwear market. According to Satyajit Mittal, CEO and Co-Founder of Aretto, “We put our heads together and devised a patented technology that allows shoes to grow with the child.
• The founders think that Arete, the goddess of excellence in Greek mythology, represents their dedication to developing goods that are adaptable.
• According to Mittal, “The name Aretto was chosen to reflect the attitude of excellence and expansion.” To start the business, the founders put $100,000 into it.
• Due to the usage of “insole, upper, and sole technology,” the Pune-based D2C firm creates paediatric shoes that have been approved by podiatrists and are 360-degree flexible, breathable, adaptable in size, and stretch up to three sizes.
• Aretto Leaps is the brand’s initial offering. The mid-top shoes have a fun, curvaceous appearance.
• The main effect, according to Mittal, is the reduction of SKUs through the optimization of industry sizing benchmarks from 15 sizes to 5, each growing up to 18 mm, delaying obsolescence.
• Shoes are available in nine styles, five sizes, and four categories with costs ranging from Rs 1,699 to Rs 2,899. The firm now has 38 SKUs available. It offers distinct designs for children between the ages of 0 and 2, 5-7, and 5 to 9.
• Aretto has so far sold over 3,000 devices and had 100% MOM growth. In the last three months, the startup has earned Rs 12 lakh.
• According to the inventors, Aretto uses a mix of three technologies to produce a shoe that can accommodate a child’s feet as they naturally grow and offer a comfortable fit.
• Adapting to the “millimetric growth of children’s feet” is made easier by SuperGroovesTM. A soft memory foam insole called Aretto Squishy FoamTM makes the shoes more comfortable and relieves foot pressure. InfiKnitTM, a 3D-knitted stretchable, strong fabric that provides flexibility and breathability, is used to create the top body of the shoe.
• To provide comfort and the ideal fit for developing feet, any shoe enables three size alterations that may be made automatically without the use of any manual labour. They are eco-friendly, have a 3X longer life cycle, and promote cognitive growth, according to the founders.
• With the proper form, suppleness, and grip, the sole was deliberately created to allow toddlers to play and explore without restrictions, explains Mittal.

PhonePe, India’s leading digital payments platform, has recently secured an additional $100 million in funding from Tiger Global and Ribbit Capital. This new investment comes at a time when the company is expanding its operations across the country and developing innovative products to meet customer needs.

With this new round of funding, PhonePe has now raised more than $1 billion in total investments since its inception in 2015. This latest investment will help the company to further expand its reach into new markets and build new products that can drive more growth for the company.

This news is a testament to the success of PhonePe’s business model and could be a sign of things to come for other digital payment companies in India. With this additional capital, PhonePe can continue to innovate and develop products that will help it gain a competitive edge over its rivals. It remains to be seen how far this new round of funding can take PhonePe on its journey towards becoming one of India’s leading digital payment companies.

PhonePe and How Has It Grown Since Its Launch

PhonePe is a digital payment platform developed by Flipkart in 2016. It has grown to become one of the most popular mobile payment platforms in India, with over 250 million users and a market share of 40%. The platform enables users to make payments, transfer money, pay bills, recharge their phones and shop online.

It also offers a range of other services such as insurance and mutual funds investments. With its innovative features and user-friendly interface, PhonePe has revolutionized the way people transact digitally in India.

How the Additional $100 Million in Funding Will Help PhonePe Reach Its Goals

PhonePe, India’s leading digital payments platform, recently announced that it has secured an additional $100 million in funding. This funding will help PhonePe reach its ambitious goals of becoming the leading digital payments service provider in the country.

With this additional funding, PhonePe will be able to expand its reach to more customers and invest in technology and innovation that will enable it to provide better services and products. This investment will also help PhonePe increase its customer base by providing more attractive offers and discounts.

Additionally, the new funds will help PhonePe strengthen its position as a leader in the Indian digital payments market by allowing it to invest further into research and development initiatives.

An Overview of the Round of Funding and Investors Involved

Raising funds for a business venture is an essential part of the growth process. Understanding the round of funding and the investors involved can provide valuable insights into how a company is progressing. In this article, we will provide an overview of the round of funding and investors involved in various businesses. We will also discuss the use cases of different types of investors and how they can help companies reach their goals. Finally, we will look at some common challenges that companies face when looking for funding and how to overcome them.

The Impact of the Financial Injection on PhonePe’s Future Plans

PhonePe, a digital payments company, has recently received a financial injection of $700 million from Walmart. This investment will help the company expand its operations and reach more customers in the future.

The additional capital will enable PhonePe to invest in research and development, build new products and services, and enter new markets. It is expected that this financial injection will help PhonePe become one of the leading players in the digital payments industry.

This investment is likely to have a significant impact on PhonePe’s future plans as it enables them to expand their operations and reach more customers. With this additional capital, they can invest in research and development to develop innovative products and services that can meet customer needs better than before.

Key Points

• The deal, which comes after PhonePe’s $360 million investment from General Atlantic in January as part of an ongoing round with a goal of raising up to $1 billion overall, also included TVS Capital.
• At a pre-money valuation of $12 billion, the startup for digital payments and financial services PhonePe has secured an extra $100 million from Ribbit Capital, Tiger Global, and TVS Capital Funds.
• The agreement comes after PhonePe’s $350 million initial funding round, which was completed in January.
• PhonePe previously stated that it intended to raise up to $1 billion over several installments and that it “expects further investments from renowned worldwide and Indian high net worth investors soon.”
• Over the next few years, PhonePe will utilise money to develop and build new companies like loans, stockbroking, ONDC-based shopping, and account aggregators as well as to expand its payments and insurance businesses in India.
• In a statement announcing the relationship, Scott Shleifer, Partner at Tiger Global, said: “We are excited to continue our engagement with PhonePe as they lead the digital payments sector in India, a market we believe is still in the early stages with considerable development potential ahead of it.”
• Former Flipkart executives Sameer Nigam, Rahul Chari, and Burzin Engineer established PhonePe in 2015. The fintech business has more than 400 million registered users and dominates the market for UPI transactions. The company holds a 47% market share in terms of monthly UPI volumes.
• According to Gopal Srinivasan, Chairman and Managing Director of TVS Capital Funds, PhonePe is the top transaction platform in India and has an excellent moat of strong technological skills. “Key factors in our investment thesis were its robust growth in financial services spanning payments, insurance, and lending with untapped doors to two large opportunities through ONDC and Appstore.”
• In addition to bill and utility payments, PhonePe now offers clients the ability to purchase gold, insurance, and mutual funds through its platform. After completely splitting from Flipkart, the company changed its domicile from Singapore to India in December.
• A cross-border payments solution that would let customers pay overseas merchants using UPI was just introduced by PhonePe. The United Arab Emirates, Singapore, Mauritius, Nepal, and Bhutan currently have access to the functionality.

The UAE is a highly-developed nation that is quickly becoming a major hub for mobile technology. With the growing trend of purchasing used mobile devices in the UAE, it is important to understand the factors that are driving this trend. This analysis will review a report on the growing trend of purchasing used mobile devices in the UAE, examining the demographic and economic factors that are influencing this trend.

Overview of Report on Used Mobile Devices Purchases in the UAE

This report provides an overview of the used mobile device purchases in the UAE. It examines the current trends, market dynamics, and consumer preferences when it comes to buying used mobile devices. The report also looks at the impact of technology on the used device market and how it is shaping consumer behavior in this sector. Additionally, this report will provide insights into potential opportunities for businesses looking to capitalize on this growing industry.

Reasons Behind Growing Interest in Purchasing Used Devices

The growing demand for used devices has been fueled by a variety of factors, ranging from financial benefits to environmental concerns. People are increasingly becoming aware of the environmental impact of manufacturing new devices, and are instead opting for pre-owned devices that have already been produced. Moreover, used devices can be purchased at a much lower cost than their brand-new counterparts, making them an attractive alternative for budget-conscious buyers. In addition, with the rise of online marketplaces such as eBay and Craigslist, it is now easier than ever to purchase used electronics. As such, it is no wonder that more and more people are turning towards pre-owned products when making their electronic purchases.

What Opportunities Does the Market Offer to Consumers and Businesses

The market offers numerous opportunities to consumers and businesses alike. Consumers are able to access a variety of products and services, while businesses can capitalize on trends and emerging markets. With the right strategies, businesses can benefit from increased sales, improved customer satisfaction, and greater market share.

Meanwhile, consumers can take advantage of competitive prices, better product selection, and improved customer service. By leveraging the power of the market, both consumers and businesses can enjoy greater success in their respective endeavors.

What are The Challenges Faced by Consumers When Buying Second-Hand Devices

With the increasing demand for second-hand devices, consumers are faced with a number of challenges when purchasing them. From the potential of hidden defects to the risk of data breach, there are many potential risks associated with buying second-hand devices.

This article will explore the challenges faced by consumers when buying second-hand devices and discuss how these can be mitigated.

Key Points

• Refurbished electronics are becoming more and more popular all around the world. The market for reconditioned electronics is expanding quickly and is anticipated to reach $272.91 billion by the end of 2031.
• In the United Arab Emirates, the study Consumer Electronics: Safety and Sustainability in 2023 finds that nearly two-thirds of the population is interested in purchasing refurbished electronic products, including mobile phones, laptops, wearable technology, gaming consoles, home appliances, and more. 27% of those surveyed had already bought refurbished devices, and 40% were thinking about doing so.
• Refurbished goods are more inexpensive than pricey new ones, especially when it comes to electronics, according to Atul B, co-founder of LivLyt, an e-commerce company that enables customers to rent equipment on a monthly basis.
• Given the very mobile nature of jobs and immigration in and out of the nation, he claimed that expat populations in the UAE frequently have a tendency to minimise upfront costs. The negative of purchasing reconditioned goods is relatively minimal if you end up donating furniture when you move.
• Given the very mobile nature of jobs and immigration in and out of the nation, he claimed that expat populations in the UAE frequently have a tendency to minimise upfront costs. The negative of purchasing reconditioned goods is relatively minimal if you end up donating furniture when you move.
• The majority of customers of refurbished devices were found in the United States and Great Britain, two of the 18 international markets surveyed.
• The difference was lower, at roughly 3%, in the UAE. While 65% of respondents focused on the brand, features, and model, 68% of respondents thought about environmental impact before making an electronic purchase.
• Compared to nations like the US, Singapore, Mexico, France, and Italy where the disparity was much bigger, this was a more balanced approach.
• The paper also discussed the expanding practise of replacing outdated gadgets. About 30% of respondents in the UAE exchanged their outdated technology for a new model or an upgrade. 22% of outdated gadgets are repaired or refurbished, while 21% are recycled.
• However, 33% or so of respondents from the UAE said they would never buy used devices. According to the survey, consumers who refuse to buy reconditioned electronics around the world place a premium on a model’s appearance and newness, especially its brand name and colour, when making electronic purchases.

Nykaa one of the leading e-commerce companies in India, has seen a drastic change in its third-quarter profit due to the impact of holiday discounts and low consumer spending. This article will analyze the various factors that have contributed to this decline and how it has affected Nykaa’s bottom line.

It will also discuss possible solutions that could help Nykaa improve its profits in the future. Additionally, this article will explore how other e-commerce companies are dealing with similar issues and what lessons can be learned from their experiences.

Exploring Nykaa’s Third-Quarter Results and its Dependence on Consumer Spending

Nykaa’s third-quarter results provide insights into the impact of consumer spending on the company’s performance. The report reveals that Nykaa’s revenue and profit growth in the third quarter was largely driven by increased consumer spending.

It also highlights how Nykaa has been able to capitalize on this increased consumer spending by offering a wide range of products and services. This article will explore Nykaa’s third-quarter results in detail and analyze its dependence on consumer spending.

The Role of Holiday Discounts in Affecting Nykaa’s Quarterly Profits

Holiday discounts are a great way for businesses to increase their sales and profits during the festive season. With Nykaa, a leading online beauty store in India, no exception. Every year, Nykaa offers attractive discounts and special offers during the holiday season to attract more customers.

This has been proven to be effective in increasing Nykaa’s quarterly profits significantly. In this article, we will discuss how holiday discounts can affect Nykaa’s quarterly profits and what strategies can be used to maximize the benefits of these promotions.

Exploring the Impact of Low Consumer Spending on Nykaa’s Bottom Line

The impact of low consumer spending on Nykaa’s bottom line has been a cause for concern for many stakeholders. With the global pandemic causing an economic downturn, Nykaa has had to adjust their strategies and operations to remain competitive in the market.

This paper will explore how low consumer spending has impacted Nykaa’s bottom line and what strategies the company can use to mitigate its effects.

It will also discuss how other players in the market have been affected by low consumer spending and how they have adapted their business models to remain profitable. Finally, it will look into the potential opportunities that could arise from this situation and how Nykaa can take advantage of them.

Future Strategies to Counter Lower Profits due to Reduced Consumer Spending

In the current economic climate, many businesses are struggling to maintain their profits due to reduced consumer spending. To counter this, businesses need to come up with strategies that will help them increase their profits and market share in the long run.

This can be done by focusing on cost-cutting measures, improving customer service, leveraging digital marketing strategies and utilizing data-driven insights. By using these strategies, businesses can ensure that they are able to maximize their profits while minimizing their costs.

Additionally, they should also look for new opportunities in the market and invest in new technologies that will help them stay ahead of the competition.

How Can Nykaa Adapt to a Changing Retail Environment

Nykaa, an Indian e-commerce beauty retailer, is facing a changing retail environment. In order to remain competitive and keep up with the evolving customer needs, Nykaa must adopt strategies to adapt to the changing environment.

In this article, we will discuss how Nykaa can leverage technology and data-driven insights to stay ahead of the competition and remain successful in the future. We will also explore potential use cases for AI and automation tools for Nykaa’s operations, as well as how they can use customer feedback to improve their products and services.

Finally, we will look at how Nykaa can use its digital presence to reach new customers and increase its brand visibility.

Key Points

• Despite a 33% increase in revenue, lower discretionary spending, store expansions, greater employee benefits expenditures, and other expenses strained margins throughout the quarter.
• The net profit of beauty retailer Nykaa for the December quarter fell 71% as a result of larger holiday discounts, category adjustments in its most profitable beauty and personal care division, and other major expenses that squeezed margins.
• In accordance with analysts’ projections, the Falguni Nayar-led ecommerce company’s revenue increased 33% year over year to Rs 1,463 crore, while net profit plummeted to Rs 8.5 crore from Rs 29 crore in the comparable year-ago period.
• The third quarter’s overall spending increased 36% year over year to Rs 1,456 crore. Increased costs for employee perks and other expenses caused Nykaa’s EBITDA margin to decrease from 6.3% to 5.3%.
• In a post-earnings call, MD and CEO Falguni Nayar stated that reduced consumer discretionary spending had an impact on margins. She also stated that Nykaa plans to open 50 new offline stores in 2019. The company, which is predominantly an online-first brand, has 135 outlets in India as of the third quarter of last year, up from 95.
• Gross merchandise value (GMV), which measures the total value of all products and services sold on the platform without accounting for discounts and other similar factors, increased 37% across all categories to Rs 2,796 crore for the Mumbai-based company.
• Nykaa’s main revenue-producing area, beauty and personal care, experienced a 26% increase in GMV to Rs 1,901 crore, while the fashion segment increased by 50% to Rs 724.4 crore.
• The number of monthly active users in the BPC segment reached 24.2 million, up 22% over the previous year. Monthly active users at Nykaa Fashion climbed by 18% to 19.4 million.
• “The company has consistently produced significant GMV and sales growth. With eight fewer holidays in Q3FY23 than Q3FY22, the performance has been notably strong, according to Nayar.
• Presently, fashion accounts for 25.9% of GMV. The business-to-business initiative of Nykaa, SuperStore, now accounts for 6.1% of GMV, up from 2.4% in the third quarter of last year.
• The business added that in the previous quarter, it had developed a foothold in e-marketplaces in the UAE, Mauritius, and the United States.

InsuranceDekho, a leading online insurance aggregator in India, has had a remarkable journey since its inception. The company achieved unprecedented success with its first investment round, raising over $150 million from investors. This success story reveals the immense potential of the online insurance market in India and how InsuranceDekho has capitalized on it.

This article will discuss the strategies that InsuranceDekho adopted to achieve this milestone and how it has revolutionized the Indian insurance industry.

It will also explore the use cases of their innovative technology solutions and how they have helped them become one of the most successful online insurance aggregators in India.

What is InsuranceDekho and How Has It Grown to Raise Such a Large Investment

InsuranceDekho is a digital insurance platform that provides customers with an easy and convenient way to purchase insurance policies online. It was founded in 2016 and has since grown to become one of the leading online insurance providers in India.

Over the years, InsuranceDekho has seen tremendous growth, which has enabled it to raise a large investment from investors. The platform offers various types of insurance such as health, motor, travel, and home insurance.

It also provides customers with a range of services such as policy comparison, claim assistance, renewal reminders, and more. With its user-friendly interface and top-notch customer service, InsuranceDekho has quickly become one of the most preferred online insurance platforms in India.

A Closer Look at InsuranceDekho’s Business Model and Its Expansion Strategy

InsuranceDekho is an online insurance aggregator that provides customers with the ability to compare and buy insurance policies from multiple insurers. It has become one of the most popular insurance aggregators in India, offering a wide range of products and services.

In this article, we will take a closer look at InsuranceDekho’s business model and its expansion strategy. We will discuss how it has leveraged technology to reach out to more customers, its focus on customer experience, and its plans for further expansion.

Factors Contributed to InsuranceDekho’s Success in Raising Over $150 Million in its First Investment Round

InsuranceDekho has been a success story in the insurance industry. It has raised over $150 million in its first investment round, and this achievement is a testament to the hard work and dedication of its team. In this article, we will explore the factors that contributed to InsuranceDekho’s success in raising such a large amount of capital.

We will look at the company’s strategic decisions, market conditions, and other external factors that enabled them to succeed. Additionally, we will analyze how their innovative technology solutions helped them stand out from the competition and attract investors.

How Can Other InsurTech Startups Learn from InsuranceDekho’s Experience

InsuranceDekho has been a pioneer in the InsurTech space, revolutionizing insurance buying experience through its innovative products and services. It has been able to capture a large market share by leveraging technology, providing customer-centric solutions and offering a seamless user experience.

In this article, we look at how other InsurTech startups can learn from InsuranceDekho’s experience and apply the same lessons to their own businesses.

We will explore the key strategies they have implemented, such as leveraging technology, focusing on customer needs, and providing an intuitive user interface which have enabled them to become one of the most successful InsurTech companies in India.

Key Points

• InsuranceDekho, which is supported by Girnar Insurance Brokers, has secured $150 million in a round that was jointly headed by TVS Capital Fund and Goldman Sachs Asset Management.
• InsuranceDekho, which is owned by Girnar Insurance Brokers, has reported financing $150 million in a round that will include both loan and equity. According to a statement made by the business, TVS Capital Funds and Goldman Sachs Asset Management led the Series A equity transaction.
• Investcorp, Avatar Ventures, and LeapFrog Investments are some of the other investors in the round. According to documents submitted to the Registrar of Companies in January 2023, $36.5 million of the round was declared.
• According to the release, the company would use the cash to develop its product and technology operations, reach new markets, pursue inorganic expansion, improve its leadership team, introduce new, creative products in the health and life categories, and expand its MSME insurance business.
• InsuranceDekho, a division of the auto tech company CarDekho Group and founded in 2016 by Ankit Agrawal and Ish Babbar, enables customers to compare various insurance plans in accordance with their needs and purchase the most appropriate policy for life, property, and casualty insurance. In 2017, IRDAI issued the Direct Insurance Broker licence to its holding company, GIBPL.
• This is also the third private equity fund, worth Rs 2,000 crore, from TVS Capital Fund, which has made 10. Go Digit General Insurance is already supported by the fund, and as part of its investment thesis, it will continue to support insurtech businesses. The fund primarily makes investments in specialised consumer sector bets, business-to-business services, and financial services.
• “InsuranceDekho is an insurance brokerage company that aggregates these agents and uses an agent-based business model. Insurance is a push product, and the agency or broker model has a larger market than the internet market. The InsuranceDekho model, which includes a huge network of agents, will work well with the development projected from Tier II and III cities for insurance, he continued.
• The penetration will only grow as a result of the government’s efforts to establish a single platform—Bima Sugam—for numerous insurance-related activities such as policy sale, renewal, and claims settlement, according to Praveen.
• With more than 380 insurance products, including 175 for health and life, InsuranceDekho currently claims to be directly integrated with 46 insurance firms throughout India. By March 2023, it intends to reach an annualised premium run rate of Rs 3,500 crore, according to the announcement.

In today’s world, recruitment and hiring processes are becoming more complex and time-consuming. A recruitment startup is revolutionizing the hiring process by leveraging the power of GPT-3, AI, and voice technology. By using these technologies, they are able to provide a streamlined experience for both recruiters and job seekers.

The startup’s AI-powered platform enables recruiters to quickly find qualified candidates with the help of natural language processing (NLP) algorithms that analyze resumes and job descriptions. It also helps them automate mundane tasks such as scheduling interviews or collecting feedback from candidates.

Additionally, they use voice technology to enable recruiters to communicate with job seekers via text or audio messages. This helps them create a more personalized experience while also reducing the amount of time spent on manual tasks. With this innovative approach to recruitment, this startup is helping make the hiring process faster and easier for everyone involved.

What is GPT-3, AI, and Voice Technology and How Does it Make Hiring Faster

GPT-3, AI, and Voice Technology are three of the most important technologies that are revolutionizing the hiring process. GPT-3 is an Artificial Intelligence (AI) system developed by OpenAI and is capable of generating human-like text.

AI technology enables automated processes such as resume screening, candidate matching, and job postings. Voice technology allows for voice recognition to be used in interviews, allowing for faster decision making. In this article, we will discuss how these technologies can make the hiring process faster and more efficient.

Exploring the Benefits of Using GPT-3 AI in the Recruitment Process

As the recruitment process becomes increasingly complex, AI-based solutions are becoming a necessity for companies to find the best talent. Artificial Intelligence (AI) is playing an increasingly important role in this process, and GPT-3 is one of the most advanced AI models available.

In this article, we will explore how GPT-3 can be used in the recruitment process and discuss its potential benefits. We will also look at some of the use cases of GPT-3 AI in recruitment and examine how it could help improve efficiency and accuracy in candidate selection.

The Need for Automation in Recruiting & How Voice Technology Helps Achieve It

Automation is becoming an increasingly important part of the recruiting process. It helps to streamline the recruitment process, reduce costs, and increase efficiency. Voice technology is playing an important role in this automation process by allowing recruiters to quickly and accurately search through large amounts of data for potential candidates.

Voice technology also allows recruiters to automate tasks such as scheduling interviews, sending interview invitations, and conducting background checks. By leveraging voice technology, recruiters can save time and resources while ensuring that they are getting the best possible candidates for their open positions.

The Impact of AI on Transitioning from Traditional Recruiting to Automated Hiring

The rise of Artificial Intelligence (AI) has revolutionized the way companies recruit and hire new employees. AI is changing the traditional recruitment process, enabling companies to automate their hiring processes and make decisions more quickly.

AI-driven tools can analyze resumes and job descriptions, identify key skills and qualifications, and even conduct interviews with potential candidates. This allows employers to save time, money, and resources when it comes to recruiting new talent.

Furthermore, AI-driven tools are becoming increasingly sophisticated in their ability to identify the best candidates for a given job opening. As such, they can help companies make better decisions when it comes to selecting the right people for the job.

Key Points

• Babblebots.ai, a recruitment platform established in 2022, using GPT-3 and Speech AI. It has raised an undisclosed amount of money and exited stealth mode.
• After a year of research and testing with early design partners, Mumbai-based Babblebots.ai has come out of stealth mode.
• On February 13, the business acknowledged receiving undisclosed money from Rishi Deshpande and Rakesh Mathur (Gupshup, Junglee purchased by Amazon, Fizz Social App) (Chalo acquired by Booking Group, Whiterabbit.ai). They both served as advisors and initial investors for Babblebots.ai.
• Babblebots.ai, founded in 2022 by Roli Gupta, is a platform for recruiting and talent acquisition that employs ‘AI-Recruiters’ to interview and evaluate candidates for both technical and non-technical roles using speech technology, conversational intelligence, and proprietary AI algorithms.
• It is driven by Speech AI and the GPT-3 neural network, which is the same technology used in the ChatGPT chatbot.
• AI-Recruiters is a completely conversational voice bot created to interact with job seekers in a manner that is as close to real-life as possible, respond to their inquiries, and evaluate their communication, technical, and analytical skills.
• Babblebots has 15 clients in total, including large corporations, SMEs, and startups from various industries. It states that it onboards three to four clients each month.
• Roli, a graduate of UC Berkeley and IIT Bombay who has worked on natural language processing at InQuira, has almost two decades of experience in product and sales (acquired by Oracle).
• She gained expertise into large-scale hiring and training while serving as SVP of Sales Training at the edtech startup Toppr and using her knowledge in interview preparation from developing a student upskilling platform.
• She made the decision to solve for hiring after considering the developments in generative AI and big language models, as well as her prior knowledge in NLP. In 2020, she launched WynCareer and created Babblebots.
• AI-Recruiters uses long-form chat voice bots in 20+ languages to perform human-like interviews for 200+ roles. They draw from a database of more than 10,000 questions covering technical and analytical skills, and they may be completely customised for certain job roles, questions, and brand identity. This shortens the time needed for scheduling and the quantity of interview rounds, hastening the hiring process.
• By using the Babblebots platform, HR departments and recruiting managers may quickly send a customised interview link to numerous candidates via email and WhatsApp. Candidates can speak with the AI-Recruiter and clear up any questions they have regarding the position and firm without booking an interview.
• The employer will review the transcriptions of the recordings to evaluate the candidate’s performance. The AI-Recruiter from Babblebot.ai also rates the applicant based on a variety of factors, including their level of confidence, English fluency, and technical aptitude. After that, in-person interviews with the shortlisted candidates may be scheduled.
• By conducting near-human intelligent voice dialogues, AI-Recruiters aim to evaluate critical elements that are missing from conventional CV-based screening, thereby minimising human bias and standardising the interview process.
• “Using long-form dialogue, we may evaluate subjective communication abilities (such the quality of one’s English speaking, confidence, or energy level). The fact that we can evaluate technical abilities provided as part of the conversation is also appreciated by HR teams, who are often non-technical, says the expert.
• Due to the fact that half of interviews take place on the weekends and outside of regular business hours, talent acquisition teams are more productive and the hiring process for new employees is expedited. One of the reasons given by the firm is that it claims its customers are closing positions in three days as opposed to thirty.

Rajasthan’s government has recently announced a 200 Cr fund to support gig workers in the state. This fund will help gig workers in Rajasthan to access financial resources and secure their livelihoods during this difficult time. Businesses need to understand the details of this fund and how it can benefit them. This article will discuss the details of the fund, its eligibility criteria, and how businesses can make use of it.

Overview of Rajasthan’s government 200 Cr Fund for Gig Workers

Rajasthan’s government has recently announced a 200 Cr Fund for gig workers. This fund is aimed at providing financial assistance to the state’s gig workers, who are mostly employed in the hospitality and tourism industries. The fund provided by Rajasthan’s government will be used to support for medical expenses, unemployment benefits, and other social welfare programs. It also includes a special program for women entrepreneurs. This fund is an important step towards protecting the rights of gig workers in Rajasthan and helping them find stability in their work lives.

How Will the Fund Impact Gig Workers in India

With the introduction of the India Gig Workers’ Fund, gig workers in India have been given access to a wide range of benefits and financial security. This fund is designed to provide financial assistance to gig workers who are facing hardships due to the pandemic. It will also provide long-term benefits such as health insurance, pension, and other social security benefits. The fund provided by Rajasthan’s government will help gig workers in India to stay afloat during this difficult period and improve their overall quality of life.

Who is Eligible to Receive Benefits from the Fund

The Fund was established to provide financial support to those who have been affected by the current pandemic. To be eligible for benefits from the Fund, individuals must demonstrate that they have been affected by the pandemic and are in need of financial assistance. This includes both those who are currently unemployed or underemployed due to the economic impact of the pandemic and those who have experienced a substantial reduction in income. In addition, those who are self-employed may also be eligible for benefits from the Fund.

What Are the Benefits Provided by the Fund

The Fund provides a variety of benefits to those who are eligible for it. It can help cover medical expenses, provide financial assistance, and even offer educational opportunities. The Fund also offers flexible payment options, making it easier for members to manage their finances. Additionally, the Fund gives members access to a wide range of services and resources that can help them make informed decisions about their health and financial security. With the right support, members can enjoy greater peace of mind knowing they have access to the resources they need when they need them most.

How Can Businesses Make Use of the Fund

Businesses have the opportunity to make use of the fund in order to further their growth and development. With the right approach, businesses can take advantage of the fund to invest in their operations, expand their reach, and acquire new customers. This fund provides businesses with a great opportunity to increase their profits and gain a competitive edge over other companies. By leveraging this fund, businesses can ensure that they are able to stay ahead of their competition and continue to grow.

Key Points

• The CM also suggested creating a welfare board for gig workers in the Budget Speech.
• In accordance with the programme, gig workers would receive financial support of up to INR 200 per day for up to 7 days in the event of hospitalisation.
• The most recent Fairwork India Ratings 2022 report indicated that the gig workers’ index’s weakest performers were Ola, Uber, and Dunzo.
• As part of this year’s Budget statements, the Rajasthan government promised a plethora of benefits for gig workers. The state government has been given the authority to establish a 200 crore rupee welfare fund and pass the Gig Workers Welfare Act.
• Gehlot claimed that there were now 3–4 lakh gig workers engaged throughout the state, noting that this figure was rising due to companies like Ola, Uber, Swiggy, Zomato, and Amazon.
• The CM noted that there was no social security plan in place for these workers while noting that the state’s gig economy was expanding.
• The new programme, known as the Mukhyamantri Chiranjeevi Shramik Sambal Yojana, will provide gig workers with cash help of INR 200 each day in the event of hospitalisation, up to a maximum of 7 days.
• With this, Rajasthan has become the first state in the nation to offer financial aid to gig workers within the purview of a specific law.
• The Print states that the state’s information technology division has been working on a “app” to track the travels of gig workers for the past 12 months.
• This would eventually act as a benchmark for a tax imposed on companies that hire gig workers. In essence, these businesses would be required to pay an extra fee on each trip or delivery to cover the cost of providing provident funds, pensions, and health and accident insurance for gig workers.
• The working conditions of gig workers have generally not been effectively managed by new-age Internet businesses operating in India. According to a survey published by Fairwork India last year, Ola, Uber, and Dunzo were among the gig economy’s poorest performers.
• Zepto and Porter received two points each, while Amazon Flex, Dunzo, Ola, PharmEasy, and Uber received none.
• Even the government think tank NITI Aayog earlier this year urged companies nationwide to make sure that all gig workers on their platforms receive social security benefits, like as paid sick leave, insurance, and healthcare.
• The announcements also come at a time when strikes and a staff shortage are plaguing the majority of these new technology enterprises. A Swiggy driver in Hyderabad earlier this month jumped off the third story to escape the dog of a client he had gone to bring meals to. 3 days later, he passed away.
• Delivery employees from all the main internet businesses, including Ola, Uber, Zomato, and Swiggy, have recently gone on strike in protest over drastic commission cutbacks and longer workdays from Kochi to Ranchi and from Delhi to Bengaluru.
• Critics have also previously criticised other problems affecting gig workers, such as a lack of job security, and have expressed concern about Zomato’s 10-minute delivery strategy, which may endanger many delivery executives’ lives and the safety of other drivers.
• The enormous unskilled workforce in India is becoming more and more dependent on the gig economy as a source of employment.
• It has also become a viable alternative to traditional employment for those wishing to supplement their income. As a result, the gig economy has experienced a significant expansion and has gained universal acceptance.