Inc42 Media

Speaking during a session on “Decoding The Great Indian Retail Opportunity” at Inc42’s D2C Summit, Archana Jahagirdar, founder & managing partner at Rukam Capital has pointed out that a business should find a good profitable channel to stay afloat in the market 👇 Jahagirdar said that a company’s growth relies not on consumers, but on the channel limitations and often it is very detrimental. She added that quick commerce has entered the retail industry as a solution. The VC founder also brought to the light the factor that consumers have adjusted to the heat of price hikes and are not as sensitive to the inflationary pressures as the market fears them to be. #TheD2CSummit2024 #founders #business

Foodtech major Zomato has rolled out a new feature that will now allow cash payments for orders, with an option to instantly credit the balance amount to the users’ Zomato Money account for future use 👇 Taking to social media platform X, Zomato CEO Deepinder Goyal said, “For cash on delivery orders, finding exact change can sometimes be inconvenient. Starting today, our customers can pay delivery partners in cash, and ask for the balance amount to be added instantly to their Zomato Money account. This balance can be used towards future delivery orders or dining out.” Goyal credited ecommerce platform BigBasket for inspiring the solution, saying, “Thank you bigbasket.com for the inspiration for this solution, and our delivery partners (three of them are working as product managers with us) for insisting that we develop this asap.” 🔗 To read more in detail, click here: https://lnkd.in/eGBDt77j #news #Zomato #foodtech #credits

Gaurav Rathod, Joint MD, Cello World on “The View From INR 2000 Cr: Decoding Cello World’s Retail Empire” LIVE at #TheD2CSummit2024. Stay tuned for more updates 🚀 #D2C #business #Inc42 #retail

Rohit Bansal, Cofounder, Titan Capital on “Decoding The Great Indian Retail Opportunity” LIVE at #TheD2CSummit2024. Stay tuned for more updates 🚀 #D2C #business #Inc42 #retail #startups

Archana Jahagirdar, Founder & Managing Partner, Rukam Capital on “Decoding The Great Indian Retail Opportunity” LIVE at #TheD2CSummit2024. Stay tuned for more updates 🚀 #D2C #business #Inc42 #consumers

Speaking during a session at Inc42’s D2C Summit, sauce major Veeba Foods’ founder and MD Viraj Bahl unfolded how his earlier restaurant business, shut down after three years in 2013, led him to realise a white space in India’s condiments and sauce space 👇 Bahl said that while he put the same amount of hard work in setting up and running his restaurant business, Veeba’s success is more gratifying than what he could have realised from the restaurant chain named Pocketful. “If I cannot take the credit for the complete failure of the restaurant business, I cannot take the complete credit for the success of the sauce business. I’m very proud to say each CXO is better than me in their verticals,” he said. Founded in 2013, Veeba started as a B2B supplier of condiments for QSR chains like Dominos and has ventured into retail space. Following entrance into the retail space, the company has gained favour from consumers as well and scaled up to INR 1,000 Cr in revenues for FY24. 🔗 To read more in detail, click here: https://lnkd.in/gYn85QMv #news #TheD2CSummit2024 #D2C #business

Fintech major PhonePe has rolled out a pre-approved term life insurance feature to make insurance coverage more accessible to the netizens 👇 According to the company, the new initiative does not require the proof of income at the time of policy purchase. PhonePe, in collaboration with its insurance partners, identifies users eligible for the pre-approved term insurance process. It has developed these indicators while complying with underwriting principles set by regulators. 🔗 To read more in detail, click here: https://lnkd.in/gQHdqjMQ #news #fintech #insurance #collaboration

Dr. Atul Mehta, CEO, PAY10 on “The Building Blocks For Scale In Modern Retail & D2C” LIVE at #TheD2CSummit2024. Stay tuned for more updates 🚀 #D2C #business #Inc42 #fintech

Sidhant Keshwani, Founder & CEO, Libas on “D2C Brands' Playbook To Marketplace Success” LIVE at #TheD2CSummit2024. Stay tuned for more updates 🚀 #D2C #business #Inc42

Japanese tech investor SoftBank has said that it was sitting on a gross gain of $285 Mn (INR 2,393 Cr) from its investment (via Vision Fund I) in listed logistics unicorn Delhivery at the end of June 2024 👇 As per BSE data, SVF Doorbell (Cayman) Ltd held 10.15% stake in Delhivery as of June 30, 2024. SoftBank made the disclosures in its quarterly financial statement for the quarter ended June 2024 (Q1 FY24). According to an investor presentation, SoftBank Vision Fund 1 (SVF-1) has invested $392 Mn in the logistics startup till date and was sitting on gross returns to the tune of $682 Mn. 🔗 To read more in detail, click here: https://lnkd.in/gVAsrgV3 #news #Softbank #Delhivery