Page 8 - Peerzada Abrar

E-commerce firms witness huge jump in festive sales from towns, cities

Flipkart recorded 330 mn user visits during Early Access and Day 1 combined, during The Big Billion Days (TBBD) 2024 sale event. Another e-commerce firm Meesho said it achieved 100 per cent increase

How's the josh at e-com war rooms as Amazon, Flipkart sales go live?

Amazon sets up over 20 war rooms compared to about 10 last year

Amazon is making its Local Shops program more robust this festive season

'Local Shops on Amazon' has enabled offline retailers and neighbourhood stores to reap the benefits of e-commerce

Amazon leverages air, rail for faster festive deliveries across India

Amazon was the first e-commerce company to partner with Indian Railways in 2019

AI healthcare firm Qure.ai completes $65 mn Series D funding round

The investment will expedite expansion into the US market and other geographies, increase investment into foundational AI models and enable complementary med-tech company acquisitions

About 40% of our global R&D workforce is in India: Sindhu Gangadharan

Gangadharan emphasises India's strategic importance for SAP's growth and innovation

Edtech company Byju's in default of $1.5 bn loan, affirms Delaware SC

Allows US lenders to take control of firm's American assets, primarily Byju Alpha

Over 1 in 4 Indians likely to visit Flipkart during festive sale event BBD

This year, the company has increased the hiring of women in the blue collar workforce by 24 per cent compared to BBD 2023

Amazon scales up operations network to meet festive season demand

Amazon India is making significant investments and scaling up its operations network as it prepares to serve millions of customers throughout India during the upcoming festive season

Walmart's Flipkart appoints former Reliance executive Seema Nair as CHRO

Nair has previously worked with Hindustan Coca-Cola Beverages as CHRO for India and SAARC, where she contributed significantly to sales retention and supply chain productivity

We are now a separate entity from Byju's: Aakash CEO Deepak Mehrotra

Plan includes scaling up operations, bringing efficiency and setting up hybrid learning centres

Byju Raveendran apologises to employees, pledges support amid challenges

As a small token of appreciation, Raveendran said he has managed, against all odds, to borrow some funds and to compensate the employees and urged them to continue teaching

Edtech startup Physics Wallah's valuation crosses $2.8 bn with new funding

$210 mn Series B funding round led by Hornbill Capital; Physics Wallah will use funding to expand reach

Amazon veteran Samir Kumar to replace Manish Tiwary as head of India ops

Kumar, who joined Amazon in 1999, was part of the original team that planned and launched Amazon.in (Amazon India) in 2013

54 new spacetech startups in 2023 represent new opportunities for India

Spacetech startups are harnessing artificial intelligence and 'deep technologies' like Blockchain and Internet of Things to transform industries and solve pressing societal challenges

AI-led dating platform Schmooze raises $4 million series A round

In just 10 months since its launch in India, Schmooze said it has attracted over 1 million users and witnessed 900 million meme swipes

Redcliffe Labs raises $42 mn in Series C funding to expand across India

The diagnostics service provider will use the funds to open more labs and collection centres, along with an expansion of its home collection network

Swiggy launches Project Next to offer career growth for delivery partners

The programme- Project Next- is part of Swiggy's larger initiative Swiggy Skills, which was announced earlier this month with the Ministry of Skill Development and Entrepreneurship

E-commerce firms Flipkart, Amazon to host flagship sales from September 27

E-commerce firm Meesho said it would start its 'Mega Blockbuster Sale' on September 27

IPO-bound Ecom Express used incorrect numbers in DRHP, says Delhivery

These are related to metrics such as shipment volumes, Service EBITDA and cost per shipment