Delhivery-Xpressbees expansion, Practo's profitability, OYO, Adani, Voltas, Zomato, etc.

Author

Vaishali Sharma
June 17, 2024

From Startups to Giants: Covering All of India's Business in Less than 5 Minutes

Main Briefs

Delhivery and Xpressbees Expand into Quick-Commerce Sector

pc: Forbes India

  • Service Expansion: Delhivery and Xpressbees are venturing into the quick-commerce sector.

  • Key Platforms: Swiggy Instamart, Blinkit, and Zepto are driving this shift.

  • Warehouse Management: Delhivery is managing large warehouses supplying smaller dark stores for Swiggy Instamart.

  • Xpressbees' Plans: Xpressbees is in talks with multiple players and aims to handle warehouse management.

  • Redesigning Warehouses: Companies like Zepto are modifying mother warehouses to stock a wider range of products.

  • Independence in Operations: Some quick-commerce players prefer to manage their dark stores due to the need for specialized technology.

  • Lack of Comments: Delhivery and Swiggy Instamart did not respond to inquiries, and Xpressbees declined to comment.

Indian Briefs, You Can’t Miss:

  1. Voltas Forecasts ₹50,000 Crore Boom in Indian AC Market by 2029.

  2. Zomato Eyes ₹1,500 Crore Acquisition of Paytm's Ticketing Division.

  3. FPIs Pour ₹11,730 Crore into Indian Markets on Positive Trends.

  4. Adani Secures Approval for Massive ₹45,000 Crore Expansion at Mundra Port.

  5. April Sees 13% Rise in India's Coal Imports, Hitting 26 Million Tonnes.

  6. India's Electronics Manufacturing to Double by 2029, Says Govt.

  7. Legal Win for Disney+ Hotstar: Delhi HC Throws Out Pocket FM's Plea.

  8. Practo's Strong FY24: 22% Revenue Boost and 90% Loss Reduction.

  9. FSN E-Commerce Ventures (Nykaa) Grants 4.73 Lakh ESOP Shares.

  10. Major Win: Infosys to Deliver IT Solutions for IKEA in $100 Million Agreement.

  11. Major Move: Family Inc Backs OYO with ₹1,000 Crore Investment.

World Briefs

  • Google Play Store to Enable Auto-Launch of Apps Post Download.

  • Apple and Meta Set to Face EU Charges Over Digital Law Breaches.

  • Microsoft Commits $7.16 Billion for Data Centers in Spain's Northeast.

  • Arc Browser Enhances Productivity with Live Calendar Button.

AI Briefs

  • Oracle Launches Massive Cloud and AI Training Program for 200k Indian Students.

  • Lenovo Predicts AI and Gaming PCs Will Boost Consumer Segment Growth.

  • Custom T-Shirts Get an AI Makeover with Bewakoof and Google Cloud Collaboration.

Company Of The Day

Company Name: Practo

Founder: Abhinav Lal, Gholam Sarwar, Shashank ND

Year Of Foundation: 2008

Headquarter: Bangalore, Karnataka, India

Industry: Practo is an mhealth platform that connects patients with healthcare providers through booking appointments, check-ups, and consultations.

Why Is It in the News?

Practo achieves profitability in the fiscal year 2024 and records a positive EBITDA.