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Food and grocery delivery behemoth <keyword id="6358977" type="General" weightage="20" keywordseo="Swiggy" source="Orion">Swiggy</keyword> is on a roll, pushing out multiple new services simultaneously, ahead of the festive season, and its much-touted Rs 11,664 crore IPO. Experts anticipate the IPO to hit the bourses in the upcoming months. Earlier last week, the company's shareholders had approved of raising the fresh issue component of the IPO, from Rs 3,750 crore previously to Rs 5,000 crore. This will allow Swiggy to add an extra Rs 1,250 crores to its coffers for future growth. The remaining Rs 6,664 crore will be an OFS (offer for sale), largely paving a way for Swiggy's old investors to exit. In the buildup to its IPO, the delivery giant is dialing up the competitive fever big time with rival <keyword id="19901323" type="General" weightage="20" keywordseo="Zomato" source="keywords" meta.keywordsubtype="org" meta.entityname="Zomato" meta.hostid="261" meta.entityid="Zomato">Zomato</keyword>, which went public in 2021. Swiggy recently launched <keyword id="23440051" type="General" weightage="20" keywordseo="XL-Fleet" source="keywords">XL Fleet</keyword> for large-scale <keyword id="20299302" type="General" weightage="20" keywordseo="food-delivery" source="keywords">food delivery</keyword> and Bolt, which is an <keyword id="23461052" type="General" weightage="20" keywordseo="AI-powered-logistics" source="keywords">AI-powered logistics</keyword> system. Per some media reports, the company is also launching an invite-only concierge membership program called the "Rare Club", which will have an annual fee of up to Rs 50,000. <h2>Who doesn't love a little pettiness? </h2>But that's not it. In the time being, Swiggy is also aggressively looking for ways to gain maximum public attention, one of which is by sponsoring the fourth season of the popular entrepreneurial reality show <keyword id="11924074" type="General" weightage="20" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword>. But here's the catch-a key condition of this deal is to not bring back Zomato CEO <keyword id="19901325" type="General" weightage="20" keywordseo="deepinder-goyal" source="keywords">Deepinder Goyal</keyword> as a shark. Media reports suggest that Swiggy is set to close on a massive Rs 40-60 crore sponsorship deal with the show. But in a seemingly low-ball move, Swiggy has blocked the return of Zomato CEO Deepinder Goyal as one of the investors on the show. Goyal had made his debut on the third season of the show, and was looking to make a comeback alongside long-time regulars such as Anupam Mittal, Aman Gupta, Namita Thapar and Peyush Bansal. <h2>Bolting ahead with XL</h2>In a move that clearly underlines its ambitious expansion plans, Swiggy also recently announced the launch of its new XL Fleet service, which will look to cater exclusively to bulk orders and large-scale food deliveries. Per Swiggy's co-founder Nandan Reddy, XL is a natural evolution of Swiggy's services. As it is, a recent report by Bain and Company highlighted that India's food services market is set to double to a massive Rs 9 trillion by 2030, surging up significantly from its current standing of Rs 5.5 trillion. Not just that, the customer base is also set to expand from 320-340 million as of 2023 to 430-450 million by the end of the decade. Earlier this year, Zomato had also stepped in this segment by launching its large-order electric fleet, which could serve orders for a gathering of up to 50 people. Alongside this, Swiggy has unveiled Bolt, which is an AI-powered logistics system specifically designed to optimize delivery routes, predict demand patterns, and improve overall operational efficiency. The aim is to bring down on delivery time and costs, giving Swiggy a massive competitive edge in the growing food and quick delivery market. With this feature, Swiggy claims that users can get certain meals such as burgers, <h2>Challenges Await </h2>As of FY24, Swiggy's operating revenue stood at ₹112.5 billion, a 36% jump from the previous year. The company also managed to reduce its net losses by as much as 44% to ₹23.5 billion. While these may come across as positive signs, which are also pushing the company's unlisted shares to new heights, Swiggy significantly lags behind Zomato in both food delivery and quick commerce segment. Consider this. Per Morgan Stanely, as of FY24, Swiggy's GOV (gross order value) at Rs 24,700 crore, was far lower than Zomato's Rs 32,200 crore. Swiggy's GOV and AOV grew at a CAGR of 15.5% and 2.5% respectively, between FY22-24. In contrast, Zomato's GOV and AOV registered a CAGR of 23% and 3.7%, respectively. At 12.7 million, Swiggy's MTU (monthly transacting users) for FY24 were also a far cry behind Zomato's 18.4 million. Even when it comes to average order value (AOV), Swiggy's Instamart lags behind Zomato's Blinkit. This is also why analysts believe that despite Swiggy narrowing the gap on most key metrics like AOV, GOV and more, the company's share will command a lower valuation than that of its rival Zomato.

Ahead of much awaited IPO, what is Swiggy upto? Launching XL Fleet, premium membership and kicking out Zomato CEO

<keyword id="20115473" type="General" weightage="20" keywordseo="Ashneer-Grover" source="keywords">Ashneer Grover</keyword>, known for his blunt persona on the Indian edition of Shark Tank, has once again found himself embroiled in a controversy, this time involving a popular comedy roast. The co-founder and former managing director of <keyword id="19956322" type="General" weightage="20" keywordseo="BharatPe" source="keywords" meta.keywordsubtype="org" meta.entityname="BharatPe" meta.hostid="261" meta.entityid="BharatPe">BharatPe</keyword>, Grover is no stranger to the limelight, but his latest escapade has stirred considerable buzz of the negative kind on social media. Grover recently featured on "<keyword id="21736600" type="General" weightage="20" keywordseo="Pretty-Good-Roast" source="keywords">Pretty Good Roast</keyword>," a show hosted by comedian <keyword id="21736601" type="General" weightage="20" keywordseo="Aashish-Solanki" source="keywords">Aashish Solanki</keyword>. During the episode, Solanki made light of Grover's tumultuous exit from BharatPe — a topic that has been a hot-button issue ever since Grover and his wife were ousted from the fintech startup in 2022 amid allegations of financial impropriety. The roast, which included jabs at Grover’s departure from his own company, quickly became a viral sensation. However, the humour did not sit well with Grover. He reportedly demanded the removal of the segments featuring these jokes and subsequently sent Solanki a <keyword id="20476156" type="General" weightage="20" keywordseo="legal-notice" source="keywords">legal notice</keyword> to take down the entire episode. Solanki complied, announcing on Instagram: "Friends, I have removed the Ep 5 of Pretty Good Roast. I don't have money to fight the legal battle. I had spent all of it on the show," he stated, highlighting the financial strain legal actions can impose on independent creators. Solanki also expressed his disappointment, noting, "The response on previous episodes led us to believe our audience were ready for roast humour. However, it seems that some, especially those in power, are not quite there yet." This incident has triggered a wave of backlash against Grover, with many accusing him of "<keyword id="20415529" type="General" weightage="20" keywordseo="doglapan" source="keywords">doglapan</keyword>" (duplicity). The term gained popularity during Grover’s stint on <keyword id="19913228" type="General" weightage="20" keywordseo="shark-tank-india" source="keywords">Shark Tank India</keyword> and even became the title of his book, "Doglapan: The Hard Truth about Life and Start-Ups." Social media users were quick to point out the irony of Grover, who once prided himself on his no-holds-barred attitude, now seeking to censor comedic content. <div type="twitter" handle="samratsingh23" handlename="samratsingh23" favoritecount="0" retweetcount="0" id="1792498229701161312"></div> <div type="twitter" handle="memes_hallabol" handlename="memes_hallabol" favoritecount="0" retweetcount="0" id="1792750542655295852"></div> The controversy draws attention to Grover's complex public persona. After his high-profile exit from BharatPe, Grover pivoted to content creation, leveraging his fame to build a substantial following on platforms like Instagram, YouTube, and various podcasts. He has even claimed that he has made more money through content creation than during his tenure at BharatPe. Despite his success as a content creator, Grover’s latest actions have sparked a debate about the boundaries of humour and criticism, especially concerning public figures. The legal threat against Solanki underscores the precarious balance comedians must navigate when their satire targets influential individuals. As the dust settles, one thing is clear: Ashneer Grover remains a polarising figure. His journey from a controversial entrepreneur to a content creator and now to a central figure in a comedy roast controversy reflects the multifaceted and often contentious nature of public life.

Roasted shark? Ashneer Grover faces backlash over legal tussle with comedian Aashish Solanki

<ul class="summary-list"><li>Kevin O'Leary says people should get married sooner and have more children.</li><li>The "Shark Tank" star wishes he had kids a decade earlier so he could have been a young parent.</li></ul>Don't wait too long to have children or you might regret it, Kevin O'Leary says."I wish I'd had my kids 10 years earlier," the "Shark Tank" star said in a Fox Business clip shared on his social media over the weekend. "Family is everything, that's what it's all about.""I waited until I was 36 before I even got married — that was a mistake and I realize it now. And I love my kids but, boy, I wish I had more time with them at a younger age," he added.The O'Leary Ventures chairman and self-proclaimed "Mr Wonderful" told viewers to "forget about money when it comes to kids." The focus should be on finding "somebody you really like that you can live with for the rest of your life. Get married sooner, have more kids." O'Leary has two children, Savannah and Trevor, with his wife Linda. <div type="image" title="kevin o'leary linda o'leary" height="1632" width="2176" msid="113399550" hostid="261" sizebytes="98736"></div>The ultrawealthy investor's advice might seem detached from reality to couples who <a target="_blank" class="" href="https://www.businessinsider.com/dinks-childfree-parents-choice-kids-childless-2024-3">want kids but feel they can't afford them</a>. Years of historic inflation, soaring interest rates, recession fears, ballooning childcare costs, and an affordability crisis in the housing market have made starting a family seem like a <a target="_blank" class="" href="https://www.businessinsider.com/economy-pomboy-consumer-spending-savings-debt-inflation-interest-rates-recession-2024-5">pipe dream</a>.Having children can leave parents with <a target="_blank" class="" href="https://www.businessinsider.com/parents-young-children-financial-security-childcare-costs-data-2024-5">less money</a> to save and invest each month, and might lead them to pile money into a <a target="_blank" class="" href="https://www.businessinsider.com/mom-of-five-cant-afford-paying-college-kids-2024-9">college fund</a> instead of nurturing their <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/investing/retirement-planning">retirement nest egg</a>.It can also mean they <a target="_blank" class="" href="https://www.businessinsider.com/goldman-sachs-employee-job-stay-at-home-dad-2024-8">take a step back at work or quit</a> to spend more time with the kids, at the risk of losing out on promotions and sacrificing some lifetime earnings.O'Leary has gushed about raising children in the past, while acknowledging they're far from cheap."Of course it's wonderful to have a family, and I endorse the idea forever," O'Leary told CNBC Make It in 2019. "It's wonderful to have children grow up with you, watch them age, become part of a <a target="_blank" class="" href="https://www.businessinsider.com/shark-tank-kevin-oleary-family-business-loans-relatives-debt-personalfinance-2024-9">family</a>. It's fantastic. But they're not free. They're <a target="_blank" class="" href="https://www.businessinsider.com/how-much-kids-cost-raising-child-inflation-childcare-tax-exemptions-2024-1">very expensive</a>."O'Leary might be supportive of getting married and having kids, but he's also warned people not to blindly tie the knot, and recommended they <a target="_blank" class="" href="https://www.businessinsider.com/regret-not-getting-prenup-wont-make-same-mistake-2024-8">sign a prenup</a> to <a target="_blank" class="" href="https://www.businessinsider.com/shark-tank-kevin-oleary-personal-finance-couples-combine-accounts-wealth-2024-9">protect their assets</a>.He's repeatedly pointed out that about one in two marriages <a target="_blank" class="" href="https://www.businessinsider.com/divorce-money-issues-financial-relationship-couple-2019-7">end in divorce</a>, and compared putting a ring on it to making a major investment decision that <a target="_blank" class="" href="https://www.businessinsider.com/only-get-married-for-kids-2015-12">deserves extensive due diligence</a>.If O'Leary's correct, a combination of care and haste might be the right balance to strike.

'Shark Tank' star Kevin O'Leary says get married sooner, have more kids — and forget about the costs

<ul><li>The <keyword id="11924074" type="General" weightage="20" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword> judge says gatekeepers of the app ecosystem – Apple and <keyword id="19902762" type="General" weightage="20" keywordseo="google" source="keywords">Google</keyword> – are the new East India Company and they operate with complete arrogance and impunity.</li><li>Just as startup founders are coming under pressure, venture capitalists and auditors too need to be held accountable for their behaviour.</li><li><keyword id="20225195" type="General" weightage="20" keywordseo="shark-tank" source="keywords">Shark Tank</keyword> India has become a catalyst for driving entrepreneurship and giving it legitimacy. </li></ul> <keyword id="127971" type="General" weightage="100" keywordseo="anupam-mittal" source="Orion">Anupam Mittal</keyword> is India’s original internet entrepreneur, who is the founder and CEO of People Group. Way before platform economy became a buzzword, Mittal built a platform for Indians seeking life partners. And even today one million Indians find their partners on shaadi.com every year. Call him the OG of startups or a serial entrepreneur, he is a man who does not mince words. In a free wheeling chat with Business Insider’s Malini Bhupta, Mittal talks about unfair trade practices of Google, his investment in Ola’s Bhavish Aggarwal and what he thinks is the biggest achievement of Shark Tank India. Edited Excerpts: With some high profile startups like Paytm and Byju’s coming under lens, what do you think is wrong with the startup ecosystem? I think the Paytm issue is a little different. There are two issues there in my view – one is valuation. The company came out with its IPO at the height of the unicorn boom and as a result, their valuation was corrected when the pvt. market corrected. This is part of the pricing game and one can hardly blame them for it. Eventually, they would have grown into their valuation is what I believe. However, the second issue which is regulatory in nature is far more serious. Whether it is justified or not I don’t know. I think there is a little heavy-handedness here as what you are talking about is a payments bank KYC stuff being the reason to shut them down, which could be seen as over-reach since they are not a significantly important lending institution. Talking about what is wrong with India’s ecosystem and why founders are behaving badly is a common issue that occurs when there are high levels of greed. When there is massive liquidity in the system people think they can take advantage of the situation. In the US you have seen Theranos, crypto frauds and an industry that was created around SPACs. Billions of dollars have been lost on that. What is happening in India is a small reflection of that. Greed manifests in two ways – one is the founders who are ambitious who see the ecosystem celebrating unicorns and that gets weaponised. Over time a few start with minor refractions and very soon they start fabricating revenues and manipulating auditors to keep up with the image that has been created. They are riding tigers they can't get off. The venture capitalists too want to see their investments being marked up as their future fund raises depend on the portfolio's net asset value and so they play along and at times actually drive the founders at a velocity that is unsustainable. I think they need to be held accountable by their LPs. Auditors have a very important role here and are perhaps the ones who need to pay the highest price through government censures. They are market participants who have been entrusted with a certain job for which they get paid hefty fees. When they start looking the other way, the system breaks. You have been waging a pitched battle against the unfair trade practices of Big Tech companies in India. What, in your view, are the steps that need to be taken by the government to prevent such unfair practices by large global players? Fundamentally the experience of the internet is through apps – two companies control the entire app ecosystem Google and Apple. Both operate with complete impunity. Two years ago the CCI passed an order against Google around <keyword id="963171" type="General" weightage="20" keywordseo="google-play" source="Orion">Google Play</keyword> Billing System (GPBS). Now they have changed the name to User Choice Billing. If you look at the order CCI says there will be no discrimination at all. Being on the App Store means nothing unless you advertise on Play Store. Startups spend anywhere between 10-50% of revenue on advertising on these platforms already. Essentially, the app store is worth nothing if you don’t have content. What choice does a company have but to adhere to their unfair practices… Now they say that any transaction that happens on apps downloaded via the store will be subject to 15-30% tax/commissions. What this means is that they want 50% of the revenues of the startups. It is the new East India Company and they operate with complete arrogance and impunity. The problem is in getting these companies to comply. Their strategy is to stretch out the legal process and tire the system. Our government and regulators have the right intent but sometimes democracies are messy. As a government, we have to ensure that nobody becomes the gatekeeper to our economy which is what these companies are trying to do. There should be penal provisions for anybody who abuses the law or twists and turns it while violating the very spirit of it. Non-compliance with judicial orders is contempt of court and so there is an opportunity to send a very strong message. These bullies need one arm chopped off in the form of penalties, a rap on the knuckles will not work as they are too big to care about a couple of hundred million in penalties. What is the biggest achievement of Shark Tank, which has now become a huge hit in India? In life timing is everything. Shark Tank’s first season was in December 2021, which was the peak of the startup hype cycle, and it demystified the whole conversation around startups and funding. Shark Tank has become a catalyst for driving entrepreneurship and giving it legitimacy. India is a land of entrepreneurs with every second person running some small business, many from home. A decade ago, if you told someone you are an entrepreneur, you would be told to come back when you get serious. The show has played an amazing role in celebrating entrepreneurship and the startup ecosystem. A lot of companies have done very well. About 8-10 companies that got funded in Shark Tank are doing very well out of 180 companies that came to the show. This is an early stage game and will play out the same way. When you invest in 100 early stage companies, 4-5 will do very well and help recover the investments and some will become very big. A majority will fail. What I found amazing was that the companies that came to the show were not the elites who came from IIT or IIM. These are small businesses founded by housewives and family members. Entrepreneurship is not the reserve of the few. The next decade will be defined by Indian entrepreneurs globally and so there is no better time to be an entrepreneur than now. Shark Tank has put belief in every Indian that they can do it and that changes the game. Many of the founders that come to Shark Tank can do even better than the founders who have come from an IIT or an IIM. I believe that these people understand commerce and ‘dhandha’. The elitist founders are used to being served everything on a platter. Many professionals who come out of large companies or consulting firms cannot start without large funding. Out of the 100 unicorns we have, many will spectacularly fail in 2024 as they were built on the wrong foundations. These companies were built on a template of Ivy League founders and old school networks and so they got funded. Of the businesses that come to Shark Tank, what sectors can do well and stand a better chance of being funded? Indians now have the same aspirations as people in other parts of the world. Anybody who comes in and can bridge the gap between aspiration and affordability will do well especially in lifestyle. For example - Companies in the clothing and jewellery space will do well if they can deliver high aspiration at a value pricing. Last year a company called Snitch came with a revenue of Rs 60 crore and is now doing Rs 250 crore in sales. A company called Skippy, which makes ice pops was funded on Shark Tank too and has a run rate of Rs 50 crore from a few lakhs before ST. I funded a company called Sharmaji Ka Atta which has a revenue run rate of Rs 20 lakh a month in less than 12 months from less than 1 lakh. Another one called Whatsapp Wellness just got funded by HUL. Fundamentally, companies that can build premium products but don’t break the bank on affordability in categories like fashion, lifestyle and food will do well. People read labels now and the young generation is focused on what they are eating. Beauty and wellness products will do well as a secular trend for most of our history Lakme meant beauty, that’s how unbranded we were. Do you feel Shaadi.com is still relevant after Tinder and other dating apps came about? Let’s understand why Tinder is used, it is for hookups and is struggling to grow its revenue in India. Shaadi.com is not an arranged marriage platform. Shaadi.com is a planned marriage platform. Indian culture has four stages of life and marriage is one of the life stages. When you are planning to marry you look for compatibility and it is not about a chemical reaction. On Shaadi.com the family and parents collaborate to find a partner. The old community networks are now dying and we replace those networks. We are bringing together people in the same life stage to find a like-minded partner. The hook-up sites don’t do that and don't understand the Indian ethos. They are applying the same global model to India which does not work beyond a certain point. You were the original internet entrepreneur with a disruptive product. Why did you not create a large business that went on to become a decacorn or a unicorn? It depends on how you define success. If the definition is labels such as decacorn and unicorn, then that's not the game we are playing. Those are vanity labels that I would rather not pursue. Our definition of success is value creation and we are long-term compounders, much like Berkshire &amp; LVMH, so in a sense our ‘overnight’ success story is still waiting to become obvious to the world. From that lens, our ROCE is perhaps the best in the industry we have only ever raised about $20 mn but created several billion in value between our operated and invested cos. Our investee companies employ thousands, have raised over $20 bn and will go on to create $100 bn in value over time, in the bargain generating tremendous wealth for the country and hopefully for us too. We boast an IRR of 52% consistently for more than a decade which is extraordinary by any standards and a testament to our approach and story. Many people build businesses but we were fortunate to create entire industries such as online matchmaking via Shaadi.com, which we still run; proptech company Makaan.com which we sold to NewsCorp very handsomely; India’s first &amp; still the largest digital ad agency, Interactive Avenues, which we sold to IPG at a benchmark price that is yet to be crossed; India’s first mobile gaming company, Mauj Mobile which spawned a massive industry. So, whether it is our customers, employees, shareholders, the country or society at large, I think we have already impacted 10s of millions and while we don’t have a market listed entity like Jio or TCS to show for it, we have delivered massive national and global level impact. Keep in mind that we are most often the first to check into investee cost and every company we have founded has been the first in its industry. Our innovations have generated billions of dollars in wealth and given rise to innumerable founders and entrepreneurs who have learnt at our companies and gone on to build massive companies of their own. Further, I am still very young and the Indian opportunity is only now unfolding. In the next couple of years, you will see some of our other bets in space exploration, mobility real edtech, &amp; sustainable fintech come into the limelight besides something very special we are building on our own. So, in short, I still remain the OG and if you force me to use your labels we have birthed not one or two but several Unicorns &amp; Decacorns and that too with very limited capital. It is perhaps one of the most spectacular untold stories of value creation in the digital economy. Ola is one company that is headed for an IPO and you own 2% in the company. How did that happen? When we invested in Ola, there was not much of a concept of venture funding and the company did not have any suitors so we were able to get in at a very attractive valuation and hold an extremely healthy minority stake which obviously has been diluted over time. I think the network effects are so large that it is hard for others to get into it. I am still a shareholder and looking forward to the initial public offering. I invested in 2012 and when I met Bhavish first, I did not understand the problem he was solving as I live in Mumbai where cabs are available. So I did not think there was a problem. A few days later when I was in Delhi and needed a cab, I was told that they would call a taxi stand. After I came back from Delhi, I realised there was a problem everywhere. And I used to call the call centre and Bhavish used to answer the call centre, which showed me his commitment and reminded me of myself when I had started and so I invested.

Anupam Mittal hits out at Google — 'Tech bullies need one arm chopped off in the form of penalties'

<ul class="summary-list"><li>Kamala Harris' proposal to stop price gouging has sparked cheers and warnings from commentators.</li><li>The Democratic presidential candidate plans to pursue a federal ban, make rules, and punish defiers.</li></ul>Vice President Kamala Harris' <a target="_blank" class="" href="https://www.businessinsider.com/grocery-costs-inflation-kamala-harris-ban-price-gouging-election-trump-2024-8">plan to stop price gouging</a> in the food and grocery industries has divided commentators, with some cheering her proposal and others labeling her a communist.The Democratic presidential nominee intends to pursue the first federal ban on <a target="_blank" class="" href="https://www.businessinsider.com/inflation-dynamic-pricing-surge-cost-fatigue-2024-7">excessive overpricing</a> of food and groceries, introduce rules to stop big industry players from exploiting consumers to rake in exorbitant profits, and empower regulators and prosecutors to root out and punish bad behavior.Harris has framed her <a target="_blank" class="" href="https://www.businessinsider.com/how-to-lower-grocery-prices-inflation-harris-price-gouging-proposal-2024-8">proposal</a> as a response to painful inflation in recent years, which has made it far more expensive for families to afford basics such as food, fuel, and rent.The Federal Reserve responded to surging prices by hiking interest rates from nearly zero to north of 5%, resulting in many people paying more toward their credit cards, car loans, and mortgages each month. In short, consumers have been dealt a <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-jpmorgan-consumer-inflation-rates-banking-crisis-2023-4">one-two punch</a> of steeper prices and borrowing costs.Several experts and other commentators have reacted strongly to Harris' plan. Here's what they said, lightly edited for length and clarity:<h2 id="ed98920e-dc27-4bb3-a86f-5600d733e0e9">1. Lindsay Owens of Groundwork, a progressive think tank and advocacy group</h2>"Harris is laser-focused on <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-economy-proposal-25k-first-time-homebuyers-down-payent-2024-8">lowering costs</a> for American families, particularly the cost of food on the table. This is not price control; 40 states have price-gouging laws on the books. Donald Trump did price-gouging laws. The reason that she's proposing something like this is because it works." (<a target="_blank" class="" href="https://www.youtube.com/watch?v=-qSnc-zyK8c">CNBC</a>)<h2 id="6994e7c1-5966-4882-a63e-e505274b60e4">2. Mark Zandi, chief economist at Moody's Analytics</h2>"Aggressive or unfair pricing practices are at the bottom of the list of <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/investing/what-causes-inflation">reasons for the high inflation</a> we've suffered over the past recent years, if they're on the list at all. Today it's hard to point to any significant, meaningful examples of price gouging."Things can and should be done to make sure there is competition in the markets and businesses are following good pricing policies. And prices need to be transparent so people can shop for a good deal." (CBS MoneyWatch)<h2 id="cff174f1-cfd1-4df5-8010-eeeb4690273c">3. Donald Trump, Republican presidential nominee and former president</h2>"After causing catastrophic <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/investing/what-is-inflation">inflation</a>, Comrade Kamala announced that she wants to institute socialist price controls. What they are doing is a communist takeover of our country." (New York Post)<h2 id="ddaf07de-70e3-4d78-9559-b3bc38e60bd0">4. Dave Ramsey, personal finance guru and host of "The Ramsey Show"</h2>"It's been tried, it does not work. What works is to flood the market with supply: lots of oil means lower oil prices, lots of labor means lower labor prices, lots of whatever means lower prices — it's a simple supply and demand curve."When you insert government and try to artificially cramp it down, it <a target="_blank" class="" href="https://www.businessinsider.com/alan-greenspan-dodd-frank-wage-price-controls-2011-3">simply does not work</a> because you can only hold that hose for so long until the pressure builds up and then it blows on you." (Fox News)<h2 id="257b8d61-7ac2-4783-b42c-becf7c721456">5. Kevin O'Leary, "Shark Tank" investor nicknamed "Mr. Wonderful"</h2>"Price fixing, we <a target="_blank" class="" href="https://www.businessinsider.com/price-controls-solve-inflation-high-prices-plunge-us-economy-chaos-2022-3">tried that in the 70s</a> — that's beyond crazy. Can you imagine an America where there's a ministry of pricing for groceries that tells a farmer what an apple can be sold for and what you can buy it for? I mean, that is a horror film on Netflix no one's even written the script for. That's not America. There's no chance in hell that's going to happen."O'Leary noted that price fixing has strong links to communism, saying it's been tried in Cuba, Venezuela, North Korea, and the Soviet Union. "It just reduces supply like crazy. It's a really bad idea." (Fox News)<div type="image" title="kevin o'leary" height="871" width="1231" msid="112738643" hostid="261" sizebytes="23776"></div><h2 id="a4309207-e311-4ebd-ad47-7ecf1de6060b">6. Paul Krugman, Nobel Laureate and Princeton economist</h2>"I've been amazed at how many credulous commentators, and not just on the right, have asserted that Harris is calling for price controls, making her out to be the second coming of Richard Nixon if not the next Nicolas Maduro."What she has actually called for is legislation banning price gouging on groceries. Obviously, this is a populist political gesture — a way to offer something to <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-economy-inflation-polling-donald-trump-joe-biden-2024-8">voters upset</a> about high food prices. But just because something is popular doesn't mean that it's a bad idea."Krugman noted that many states including Texas have laws banning businesses from overcharging for essentials like food and fuel during disasters. (New York Times column)<h2 id="ca862c66-1c35-480b-9304-63252a43baa8">7. Target CEO Brian Cornell</h2>The retail giant's boss said that offering value to customers is <a target="_blank" class="" href="https://www.businessinsider.com/target-earnings-strategy-lock-in-shoppers-working-brilliantly-2024-8">core to Target's business</a>, its operating margin is only about 6%, and shoppers can easily compare prices across different stores to find the best deal."We're in a penny business. It's a very competitive space," Cornell said. (CNBC)

Economist Paul Krugman defends Harris' price-gouging plan — but 'Shark Tank' star Kevin O'Leary calls it a 'horror film'

Mumbai, D'chica's, a brand that curates puberty-essential products tailored specifically to the needs and preferences of teen girls, has bagged a deal of Rs 80 lakhs with <keyword id="20292047" type="General" weightage="20" keywordseo="namita-thapar" source="keywords">Namita Thapar</keyword> and Vineeta Singh on the new episode of '<keyword id="19913228" type="General" weightage="20" keywordseo="shark-tank-india" source="keywords">Shark Tank India</keyword> 3'. In a bid to propel D'chica to new heights of success, its co-founders, Richa Kapila and <keyword id="20348209" type="General" weightage="20" keywordseo="vani" source="keywords">Vani</keyword> Chugh from Delhi made a debut on the business reality show. From stylish bras and period panties to fashionable athleisure and footwear, the brand strives to empower young girls during their crucial teenage years with its meticulously crafted collection. Bound by both family ties as sisters-in-law and a shared passion for business, Richa and Vani, the founders of D'chica, embarked on a new entrepreneurial journey after facing setbacks with their previous venture focused on infants and toddlers. Despite the challenges that led to the closure of their initial business, the sisters-in-law remained undeterred. Instead, they embraced failure as a powerful teacher, drawing invaluable lessons from the experience. In 2019, they founded D'chica, a brand committed to celebrating the transition from adolescence to womanhood. They launched their first inner wear collection in 2020. Through their determination and hard work, Richa and Vani transformed D'chica into a brand that resonates with the Alpha and Gen Z generations. On the show, they asked for Rs 80 lakhs in exchange for one per cent equity. Amit Jain, CEO and co-founder of CarDekho Group, asked: "Do you do the manufacturing yourself or have you given a contract to someone for it?" Richa replied saying, "We currently have five manufacturing units which we operate out of." After seeing the products, <keyword id="20380308" type="General" weightage="20" keywordseo="namita" source="keywords">Namita</keyword> Thapar, executive director of Emcure Pharmaceuticals Ltd, said: "Dr. Garima is a new angel (pointing to the packaging)." To which the founders replied: "Dr. Garima is a consulting gynaecologist with us. We have onboarded a gynaecologist whom customers can reach out to for guidance. We do it for community building." Finally, they sealed the deal with Namita and Vineeta (Co-Founder and CEO of SUGAR Cosmetics), at Rs 80 lakhs for two per cent equity plus one per cent royalty until the sum is recouped. Sharing her excitement on being a part of the 'Shark Tank India', Vani Chugh, co-founder D'chica Fashion Lifestyle Private Ltd, said: "Shark Tank India helped our teen and young women inner-wear brand D'chica reach millions of Indian homes and create mainstream conversations about subjects as taboo as periods to common youth issues like body image and confidence." "With our body adapting bras, reusable period panties and chafing-free underwear D'chica is laser focused on the fast growing market of 12 crore plus girls," she added. 'Shark Tank India 3' streams on Sony LIV.

Body-adapting bras, reusable period panties & more help this startup bag ₹80 lakh from 'sharks'

'<keyword id="20653768" type="General" weightage="20" keywordseo="chefling" source="keywords">Chefling</keyword>', a unique do-it-yourself (DIY) kit that includes all the ingredients needed to make a tasty global recipe, has sealed a deal of Rs 40 lakh with four sharks on the business reality show '<keyword id="19913228" type="General" weightage="20" keywordseo="shark-tank-india" source="keywords">Shark Tank India</keyword>' season 3. Hailing from Mumbai, the 25-year-old <keyword id="20649763" type="General" weightage="20" keywordseo="rounit-gambhir" source="keywords">Rounit Gambhir</keyword>, founder of Chefling, introduced this innovative concept of, aiming to streamline the preparation of exotic cuisines. Seizing the opportunity during the lockdown, this young entrepreneur launched his product in Mumbai. Chefling seeks to offer individuals a personalised, cutting-edge gourmet experience that is not only enjoyable and delicious but also affordable. Rounit's vision is rooted in the desire to simplify the process of cooking fancy dishes for enthusiasts with time constraints. The types of DIY kits available are -- Japanese: Sushi and Mochi; Mexican: Enchilada and Taco; and Italian: Lasagna. Talking about his brand, Rounit said: "The company was started in August 2020, and we have sold more than 5,000 kits pan India till date. The kits are available on our own website." "The Indian DIY meal kit market size by the year 2025 will reach around Rs 8,000 crore, and we want the global cuisines to reach every household in India, and Indian cuisines to reach worldwide, so that their experience is economical, easy and sustainable," shared Rounit. He then made a pitch of Rs 40 lakh for 10 per cent equity. Anupam Mittal, the founder and CEO of Shaadi.com said: "Sushi was very good. Thank you for feeding us. The young pitcher further talked about his entrepreneurial journey. Fueled by the determination to rise above his father's company losses and bankruptcy, Rounit harnessed this setback as an opportunity in a market where culinary experimentation is a universal desire. Chefling emerged as the answer to the complexities faced by aspiring home chefs, making it a culinary haven that eliminates hassles and brings the joy of cooking straight to our homes. The compelling pitch and unique brand captured the attention of shark Namita Thapar, the executive director of Emcure Pharmaceuticals Ltd, who took on the challenge of crafting the perfect sushi roll on 'Shark Tank India 3'. And with that, 'Chefling' secured a deal with sharks Namita Thapar, Azhar Iqubal (Co-founder and CEO of Inshorts), Amit Jain (CEO and Co-founder of CarDekho Group), and <keyword id="20313422" type="General" weightage="20" keywordseo="peyush-bansal" source="keywords">Peyush Bansal</keyword> (Co-founder and CEO of Lenskart), at Rs 40 lakh for 16 per cent equity. Speaking about the experience on the show, Rounit shared: "Over the past three years, belief in connecting our unique idea with the right audience fueled our journey through highs and lows. This belief sustained us through challenges, leading to a pivotal moment when Shark Tank India expressed interest in featuring Chefling." 'Shark Tank India 3' is streaming on Sony LIV. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8-pro-review/articleshow/107726935.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8-pro-review/articleshow/107726935.cms" target="_blank">Pixel 8 Pro review: ‘Okay Google’ – The flagship smartphone ticks almost all boxes</a><a href="https://www.businessinsider.in/tech/mobile/news/poco-oneplus-top-indian-smartphone-shipment-growth-but-overall-reading-flat/articleshow/107681294.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/poco-oneplus-top-indian-smartphone-shipment-growth-but-overall-reading-flat/articleshow/107681294.cms" target="_blank">Poco, OnePlus top Indian smartphone shipment growth but overall reading flat</a><a href="https://www.businessinsider.in/business/auto/news/ola-electric-cuts-prices-of-scooters-to-compete-with-ice-two-wheelers/articleshow/107816897.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-cuts-prices-of-scooters-to-compete-with-ice-two-wheelers/articleshow/107816897.cms" target="_blank">Ola Electric cuts prices of scooters to compete with ICE two-wheelers</a>

A DIY cooking kit maker Chefling raises ₹40 lakhs from four 'sharks'

<ul class="summary-list"><li>Homebuyers that wait for lower mortgage rates will pay more for the house, Barbara Corcoran said.</li><li>She told Bloomberg TV that there's a tremendous amount of demand waiting for lower rates.</li></ul>With the decline in mortgage rates <a target="_blank" href="https://www.businessinsider.com/mortgage-rates-30-year-refinance-applications-real-estate-housing-market-2024-8">picking up steam</a>, sidelined homebuyers are likely anticipating a more affordable market. If that's the case, they should brace for disappointment, Barbara Corcoran told <a target="_blank" href="https://www.youtube.com/watch?v=k9ag-HOrYJg">Bloomberg TV</a>.The "Shark Tank" star advised prospective buyers to instead enter the market now, without waiting for lower borrowing costs.She told Bloomberg that when mortgage rates slip just one more point, it will unleash a wave of "tremendous demand" that will only add to unaffordability pressures."You need one more point to bring everybody out into the market, and what's going to happen is you're going to pay more for the house," she said.According to Freddie Mac, the <a target="_blank" href="https://www.freddiemac.com/pmms">30-year mortgage rate</a> dropped to 6.47% last week, marking its lowest level since May 2023. Rates have been elevated for years now amid tighter monetary policy, discouraging both buyers <a target="_blank" href="https://www.businessinsider.com/housing-market-mortgage-rates-lock-in-effect-economy-interest-rates-2024-8">and owners</a> from participating in the market.Consumers have also stayed back due to a lack of both existing and new housing supply, which has contributed to runaway price appreciation. In the second quarter, the median single-family home and condo price surged to a new high of $360,000, data from <a target="_blank" href="https://www.businessinsider.com/us-housing-market-home-prices-wages-mortgage-rates-affordability-crisis-2024-7">ATTOM showed last month</a>.The same report found that mortgage payments, insurance, and property taxes also boosted housing costs to a record $2,114.In this context, it might be tempting to think that the better time to buy will come once mortgage rates drop. But every homebuyer is thinking this, Corcoran said.In March, she outlined that home prices could <a target="_blank" href="https://www.businessinsider.com/housing-market-outlook-barbara-corcoran-home-prices-mortgage-rates-forecast-2024-3">jump as much as 8%-10%</a> once mortgage rates reach 6%. Therefore, buyers should snap up a property now, as they're likely paying costs in the form of rent, anyways."If you have any way of getting cash together and getting into the market and buying a house and getting out of a rental, which is tempting to keep because it's a little cheaper, don't do it," she said <a target="_blank" href="https://www.businessinsider.com/housing-market-outlook-us-mortgage-rates-fall-prices-barbara-corcoran-2023-12">similarly in December</a>. "Buy yourself a house."Bank of America similarly told Business Insider that <a target="_blank" class="" href="https://www.businessinsider.com/mortgage-rates-homebuyers-housing-market-affordability-outlook-fed-rate-cuts-2023-12#:~:text=%22Timing%20the%20market%20is%20never%20good%2C%22%20Matt%20Vernon%2C,and%2For%20your%20needs.%22">it's a bad idea to try and time the market</a>. It noted high mortgage rates can always be refinanced once these borrowing costs drop.

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Economist Paul Krugman defends Harris' price-gouging plan — but 'Shark Tank' star Kevin O'Leary calls it a 'horror film'

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Body-adapting bras, reusable period panties & more help this startup bag ₹80 lakh from 'sharks'

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A DIY cooking kit maker Chefling raises ₹40 lakhs from four 'sharks'

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Beware lower mortgage rates that could unleash a buying spree and push home prices higher, 'Shark Tank' investor Barbara Corcoran says

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