Zepto set for another $310 million funding delivery, Mars Growth to join
Zepto, a quick-commerce firm, is poised to secure an additional $310 million in funding, bringing its total valuation to a remarkable $5 billion. This financing round sees participation from notable investors such as Mars Growth Capital and General Catalyst, following…
Quick commerce is new e-commerce: What began as a gimmick is now a tsunami threatening traditional e-commerce platforms
Zomato’s latest quarterly results reveal an exciting chapter in the quick commerce sector, particularly through Blinkit’s impressive achievement of reaching a ₹10,000 crore annual revenue run rate. This milestone not only marks a significant growth for Blinkit but also underlines…
How facial recognition secures and simplifies immigration checkpoints in Indonesia
In today’s fast-paced world, efficient border control systems are essential for enhancing security while ensuring smooth travel experiences. Indonesia is at the forefront of this transformation, utilizing facial recognition technology at its immigration checkpoints, particularly in busy areas like Batam…
Shona Petley promoted to CFO at Ascertus
Shona Petley has been promoted to Chief Financial Officer (CFO) at Ascertus, marking a significant development in the company’s financial leadership. Ascertus specializes in document and information lifecycle management solutions tailored for law firms and corporate legal departments throughout the…
Public procurement from GeM portal crosses Rs 9.82 lakh crore: Jitin Prasada in Rajya Sabha
India’s Government e-Marketplace (GeM) has marked an impressive milestone, reporting over Rs 9.82 lakh crore in total public procurement as of July 30, 2024. Launched on August 9, 2016, the GeM portal facilitates online purchasing of goods and services by…
High festive sales pitch sets tempo for temp hiring; demand to surge 15-20% YoY
The festive season is generating a remarkable surge in temporary job opportunities, with industry experts predicting the creation of between 600,000 and 700,000 roles across various sectors. This represents a year-on-year increase of 15-20% in demand for temporary staff, spurred…
ACV Auctions drives up Q2 auto marketplace revenue 29%
ACV Auctions Inc. has demonstrated remarkable resilience in the online wholesale automotive marketplace, achieving a significant 29% year-over-year revenue growth in the second quarter, reaching $161 million. This growth is noteworthy, particularly in a climate where dealer wholesale volumes are…
Grocers See Tremendous Growth With Hard Beverages
Grocers See Tremendous Growth with Hard Beverages The surge of hard beverages in grocery retail is ushering a new era in the market. Arlin Zajmi, director of national buying for adult beverages at ALDI, notes a significant uptick in sales…
Q&A: Southern Glazer’s David Chaplin discusses the opportunity for digital transformation
Southern Glazer’s Wine & Spirits is at the forefront of innovation in the beverage industry, positioning itself to thrive in a rapidly changing marketplace. Under the strategic guidance of Mark Chaplin, the company’s Chief Growth Officer, Southern Glazer is exploring…
Lawsuit Against Kroger’s ‘Farm Fresh’ Eggs Claim Dismissed
A recent legal decision has significant implications for the grocery industry, particularly regarding product labeling. A Chicago judge dismissed a lawsuit against The Kroger Company that contested the use of the term “farm fresh” to describe eggs produced under the…
