Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="6358977" type="General" weightage="100" keywordseo="swiggy" source="Orion">Swiggy</keyword> is one of the top food delivery apps in India.</li><li>We often wonder how much money we are spending on such apps.</li><li>There’s an easy way to find out how much you have spent on Swiggy - keep reading to find out.</li></ul>Food delivery apps have made our lives easier as ordering you can enjoy your favorite dishes from restaurants far away from your home without having to step out of your door. While food delivery apps like Swiggy and Zomato are convenient to use, most of us have started spending more on outside food when compared to earlier. Most of us may not even realize how much we are spending on food delivery apps. If you have been wondering the same thing, we have a solution that will allow you to know the amount spent by you so far on Swiggy. <cmsannotation type="cmsannotation" annotationid="How to calculate how much you have spent on Swiggy" comment="subhead" text="How to calculate how much you have spent on Swiggy">How to calculate how much you have spent on Swiggy</cmsannotation> <div type="image" title="Screenshot (144)" msid="91810776" hostid="261" caption="&amp;lt;p&amp;gt;Click on Inspect&amp;lt;/p&amp;gt;"></div> <ul><li>To begin, open the Swiggy<a href="https://www.swiggy.com/restaurants"> website</a> on your computer.</li><li>Now, click on your name on the top right corner and click on “Orders”.</li><li>Now, keep scrolling and click on “SHOW MORE ORDERS”.</li><li>Keep repeating this until you reach the end.</li><li>Now, right-click using your mouse and click on “Inspect”.</li><li>Now, click on “Console”.</li><li>Then paste the below code in the console and press enter.</li></ul> amount_node_list = document.getElementsByClassName('_3Hghg'); amount_regex = /\d+.\d*/g; total_amount = 0 for (let i = 0; i &lt; amount_node_list.length; i++) { current_amount = amount_node_list[i].innerHTML; if (current_amount.match(amount_regex)) { integer_amount = parseInt(current_amount.match(amount_regex)[0]) total_amount += integer_amount; } } console.log("Total amount spent on Swiggy so far is ₹", total_amount); <div type="image" title="Screenshot (146)" msid="91810737" hostid="261" caption="&amp;lt;p&amp;gt;The total amount spent being shown.&amp;lt;/p&amp;gt;"></div> You will then be shown the total amount you have spent on Swiggy. In my case, it was ₹5,052. We hope this has helped you find out how much you have spent on Swiggy so far. SEE ALSO: <a href="https://www.businessinsider.in/business/ecommerce/news/swiggy-to-foray-into-e-commerce-with-the-launch-of-minis-a-marketplace-for-local-stores/articleshow/91803819.cms">Swiggy to foray into e-commerce with the launch of Minis — a marketplace for local stores</a> <a href="https://www.businessinsider.in/stock-market/news/zomato-posted-a-1222-crore-loss-but-its-stock-gained-18-reasons-behind-the-surge/articleshow/91766080.cms">Zomato posted a ₹1,222 crore loss but its stock gained 18% — reasons behind the surge</a> <a href="https://www.businessinsider.in/india/news/andhra-pradesh-telangana-maharashtra-and-these-states-are-currently-charging-up-to-15-more-than-other-states/articleshow/91744626.cms">These states in India are paying up to ₹15 extra on petrol compared to other states</a>

How to find out how much you have spent on Swiggy so far

<ul><li>There has been a growth of 8.26% in <keyword id="41887" type="General" weightage="100" keywordseo="biryani" source="Orion">biryani</keyword> orders compared to the same period in 2022</li><li>With over 6.2 million orders, 'Dum Biryani 'has emerged as the undisputed champion</li><li>A biryani lover from Chennai spent an amount of Rs 31,532 on a single order</li></ul> Ahead of International Biryani Day, celebrated on July 2 every year, online food delivery platform <keyword id="6358977" type="General" weightage="20" keywordseo="swiggy" source="Orion">Swiggy</keyword> on Friday revealed that Indians placed 7.6 crore biryani orders in the past 12 months. According to the company, people across the country placed 219 orders per minute for their favourite dish, ranging from the aromatic '<keyword id="3462963" type="General" weightage="50" keywordseo="lucknowi-biryani" source="Orion">Lucknowi Biryani</keyword>' to the spicy 'Hyderabadi Dum Biryani', and from the flavourful '<keyword id="2134102" type="General" weightage="50" keywordseo="kolkata-biryani" source="Orion">Kolkata Biryani</keyword>' to the fragrant 'Malabar Biryani'. When it comes to cities that truly appreciated the biryani experience, Bengaluru took the lead with nearly 24,000 biryani-serving restaurants, followed by Mumbai with over 22,000 and Delhi with over 20,000. Swiggy's order analysis also revealed some interesting biryani ordering trends from the first half of 2023. In the last five and a half months, there has been a growth of 8.26% in biryani orders compared to the same period in 2022. While over 2.6 lakh restaurants across the country offer biryani through Swiggy, more than 28,000 thousand restaurants specialise solely in dishing out the biryani. Hyderabad topped in biryani consumption, with 7.2 million orders placed through June of this year. Bengaluru came second with nearly 5 million orders, and Chennai came third with nearly 3 million orders, the company mentioned. A biryani lover from Chennai spent an amount of Rs 31,532 on a single order. With nearly 85 variants and over 6.2 million orders, 'Dum Biryani 'has emerged as the undisputed champion. Biryani rice came in second with 3.5 million orders, while '<keyword id="159461" type="General" weightage="50" keywordseo="hyderabadi-biryani" source="Orion">Hyderabadi Biryani</keyword>' received over 2.8 million orders. (Text inputs from IANS)

India's love for biryani stays in top gear

<ul><li>Several investors believe that <keyword id="8681398" type="General" weightage="20" keywordseo="urban-company" source="Orion">Urban Company</keyword> has managed to build a moat around its business, which has given a competitive advantage to the company.</li><li>The experts believe that the entry of other big players in the on-demand service can only be fueled by the entry of deep-pocketed players like Reliance or Amazon.</li><li>Interestingly, Amazon already entered this segment six years ago with its investment in home repair service Housejoy.</li></ul>Whether it’s Ola-Uber in the cab-hailing world or Zomato-Swiggy in the food delivery arena, the existence of competition is something taken for granted, especially when you’re running a so-called lucrative business. Then, there is Urban Company that has been enjoying its high status and multi-billion dollar valuation without having to worry about any competitor who may threaten to take away customers or the power to price the product at will. The on-demand home and beauty service startup — valued at a whopping<a href="https://www.businessinsider.in/business/news/urban-company-raises-255-million-at-over-2-billion-valuation-eyes-global-expansion/articleshow/83167168.cms"> $2.1 billion</a> in June 2021 — has spent the last seven years expanding to<a href="https://www.businessinsider.in/business/startups/news/urban-company-on-lookout-for-15000-service-professionals-in-50-cities-in-india/articleshow/85447261.cms"> five international markets</a>. Yet the company still has not found a rival of the same size or scale in its home market — India, which is also the largest source of its revenue. This does raise a lot of questions such as if the sector is not lucrative enough or whether Urban Company has found a holy grail into people’s pockets that others find hard to crack. Business Insider spoke to several analysts, industry experts and investors, all had one thing to point out — Urban Company has found its moat. A moat, which you must have heard about in history books or fairy tales, is the preliminary source of defence to protect what one has built. In business parlance, it means competitive advantage over other players. What moats has Urban Company built for itself? <div type="image" title="Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?" msid="85835712" hostid="261"></div> Founded by Abhiraj Bhal, Raghav Chandra and Varun Khaitan in 2014 , Urban Company is an aggregator that allows service professionals to list on its platform and enables them to connect with customers. The company charges a 20% commission off each order these service professionals fulfil. <div type="image" title="Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?" msid="85835695" hostid="261" caption="&amp;lt;p&amp;gt;Services offered by Urban Company&amp;lt;/p&amp;gt;"></div> Ankur Bansal, co-founder of an investment firm BlackSoil, says that surviving the<a href="https://www.linkedin.com/pulse/impending-meltdown-2016-indian-rift-valleyand-how-do-ranganathan/"> 2016 meltdown</a> was a big enough milestone in the journey of Urban Company as it was the time when several companies were coming up in e-commerce and home delivery space. More than 1,000 startups <a href="https://www.techinasia.com/insights-from-25-failed-startups-in-india-2016">shut down</a> in India that year as investors tightened their pockets. He also emphasised that Urban Company has focused on providing standardised services, “which is very difficult to replicate when you are dealing with such a large network of people.” This has led to a very customer-centric business, with good repeat order. The ability to survive 2016 amidst tough competition and lack of funding to eventually becoming a category leader with big fundraises has acted like a moat for the company, Bansal told Business Insider. These points have allowed the company to raise close to $440 million to date from marquee investors like Tiger Global, Dragoneer Investment Group and Prosus Ventures in the not-so-distant past. “They are bringing a certain amount of quality and customer service at the centre of what they are doing. Maybe that’s what allowed them to differentiate themselves and after a certain scale VCs [venture capitalists] look at these things as a one horse kind of a game,” Kabir Kochhar, partner at Anthill, told Business Insider. Does this mean the company will be the single big player in its play? The experts are still split over how the market would look and who are going to be the next big players competing against Urban Company. Based on the inputs from industry experts, there are four possible outcomes here: <div type="image" title="Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?" msid="85857636" hostid="261"></div> Out of the above mentioned scenarios, two and three are the most likely to happen. Many may not know this, but Amazon already made an entry in this segment six years ago with its investment in Housejoy, which specifically focused on home services like house repairs, cleaning, fumigation and more. Housejoy has also been trying to revamp its offering since February 2021. It expanded to on-demand beauty services in some of its cities including Bengaluru in association with salon chain Naturals. The Bengaluru-based startup, founded around the same time as Urban Company, has raised about $30 million to date and raised its last round in 2018. Again, the key to Urban Company lies in the investors’ willingness to fuel its competitor “[If] Somebody like Reliance and Amazon decides that they want to get into it and invest a very huge amount of capital to build on to it, then they can because the market is extremely large. It’s not like Urban Company has captured the market, it’ll be a very small percentage. There is always room for competition, but to do it practically, is not always that easy,” Bansal of BlackSoil said. <div type="image" title="Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?" msid="85835658" hostid="261"></div> Devendra Agrawal, founder and chief executive (CEO) of investment bank Dexter Capital, told Business Insider that the market Urban Company caters to may not be easy to crack for a larger player organically. Inorganic medium — investments, mergers and acquisitions (M&amp;A), etc — is the only way to make a segway in this play. “Unfortunately, there are not too many high quality players of scale, which are in this segment so it may actually mean that Urban Company becomes one large player in this segment,” he noted. Meanwhile, Kochhar of Anthill Ventures told Business Insider, “I don’t think that Urban Company will be a market leader in all these different kinds of services. I can see the verticalisation happening better also. Maybe there is someone who does better home services or sub sections like plumbing, house repair.” Regardless, the players in the segment are hopeful about setting up their marker here. “We are confident that with time ahead, this [on-demand home and beauty service] will become a huge industry because everyone wants comfort and convenience,” said Mayank Arya, co-founder of Yes Madam, another startup working in the segment. SEE ALSO <a href="https://www.businessinsider.in/investment/news/doge-meme-nft-is-being-auctioned-off-in-17-billion-pieces/articleshow/85833023.cms">The most expensive meme NFT ever sold will be auctioned off in 17 billion pieces tonight</a> <a href="https://www.businessinsider.in/business/corporates/news/icici-bank-becomes-the-sixth-valuable-firm-after-ril-tcs-hdfc-bank-infosys-and-hul-in-india/articleshow/85828220.cms">ICICI Bank becomes the sixth valuable firm in India with over ₹5 trillion mcap after RIL, TCS, HDFC Bank, Infosys, and HUL</a> <a href="https://www.businessinsider.in/business/telecom/news/minimum-broadband-speed-in-india-increased-to-2mbps-from-512kbps/articleshow/85828322.cms">TRAI suggests government to pay for half of your broadband bill, increases minimum broadband speed to 2 Mbps</a>

Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?

<ul><li>A Reddit user managed to get an <keyword id="19899647" type="General" weightage="20" keywordseo="iPhone-16" source="keywords">iPhone 16</keyword> by paying less than ₹27,000.</li><li>The user redeemed points from his <keyword id="19927314" type="General" weightage="20" keywordseo="credit-card" source="keywords">credit card</keyword> to get the iPhone 16 at this price.</li><li>Here’s everything you need to know about how the user got the iPhone 16 using ₹27,000.</li></ul>Credit cards are great if you use them correctly and pay your dues on time. They not only help you get access to free credit for a short period of time, but you can also accumulate reward points and redeem them while making your purchases. If you haven’t been taking your credit card reward points seriously, here is something that might change your mind. In a post, a Reddit user, Wild_Muscle3506, revealed that he purchased the recently launched<a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-iphone-16-plus-price-specs/articleshow/113203568.cms"> iPhone 16</a> 256GB variant for under ₹27,000. <div type="Article" hostid="261" msid="113204340" title="iPhone 16 Pro and iPhone 16 Pro Max with bigger displays, A18 Pro chipset launched starting at ₹1,19,900" mstype="2" mssubtype="0"></div> To recall, the iPhone 16 256GB variant is currently priced at ₹89,900. If you are wondering how the user managed to get such a big discount, the answer is reward points. As per the user, he was able to get the iPhone 16 for ₹26,970 by paying the remaining balance of ₹62,930 in reward points. The user was able to accumulate the points on his <keyword id="23469811" type="General" weightage="20" keywordseo="hdfc-bank-infinia-credit-card" source="Orion">HDFC Bank Infinia credit card</keyword>. This is a <keyword id="23469815" type="General" weightage="20" keywordseo="premium-credit-card" source="keywords">premium credit card</keyword> from the bank and comes with an issuance fee of ₹10,000 and an annual fee of ₹10,000. The user mentioned in the comments that he had to spend a huge amount to accumulate enough points to be able to get the iPhone 16 without having to spend a huge amount. In response to a user asking how much the person spent to accumulate enough points to get the iPhone 16, the user said around ₹15 lakh. However, this may not be entirely accurate as Infinia offers several accelerated reward point opportunities. In response to another comment, the user accepted this. “I never calculated how much I spent as I had also used my reward points earlier to book some flights,” the user said in a comment. Like most of us, a user was in awe of how the person was able to get the iPhone 16 at such a low price. “It makes me feel how little I know about credit cards and I was so dumb assuming that credit cards are scams,” the user chimed in. If you are thinking along the same lines and would like to know more about the <keyword id="23469814" type="General" weightage="20" keywordseo="HDFC-Bank-Infinia" source="keywords">HDFC Bank Infinia</keyword> credit card, do let us know and we will come up with a detailed post. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/here-are-the-benefits-you-get-with-indias-most-expensive-credit-card-with-a-3-54-lakh-annual-fee/articleshow/113123752.cms">Here are the benefits you get with India’s most expensive credit card with a ₹3.54 lakh annual fee</a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-swiggy-ather-upcoming-large-ipos-in-india/slidelist/114014140.cms">Hyundai To Swiggy: Everyone wants to cash in on the IPO bonanza</a> <a href="https://www.businessinsider.in/business/auto/news/september-auto-sales-automakers-report-a-decline-mahindra-and-mahindra-overtakes-tata-motors/articleshow/113925972.cms">September Auto sales – Automakers report a decline, Mahindra and Mahindra overtakes Tata Motors</a>

Here’s how a Reddit user was able to get an iPhone 16 at under ₹27,000

<ul><li>Some credit cards have a joining fee, but the welcome offers that one gets may make the joining fee worthwhile. </li><li>In some cards, one can get the joining fee waived off if one <keyword id="52705" type="General" weightage="20" keywordseo="spends" source="Orion">spends</keyword> a certain amount of money within a given time. </li><li>Before getting a <keyword id="6368202" type="General" weightage="20" keywordseo="credit-card" source="Orion">credit card</keyword>, it is important to understand the reward and redeeming structure. </li></ul>Credit cards are like a double-edged sword. If used wisely, they can bring a lot of benefits. But when not used judiciously, they can become a burden. With such a lot of options available, it is often difficult to find the right credit card, as every credit card comes with its own set of offers. We picked 5 credit cards for you across types and spending categories, that you can take a look at if you are planning to go for a new credit card. HDFC Infinia Credit Card Metal Edition For a joining/renewal fee of ₹12,500 this metallic card offers a range of benefits. You may enjoy complimentary nights and buffet offers at select ITC hotels along with a first-year Club Marriott membership that grants up to 20% discounts on dining and stays in the Asia-Pacific region. Plus there is unlimited access to <keyword id="1937199" type="General" weightage="20" keywordseo="airport-lounges" source="Orion">airport lounges</keyword> worldwide for both primary and add-on members. You can earn 5 reward points for every ₹150 spent and relish a 1+1 complimentary buffet at participating ITC hotels when you book a 3-night stay. Moreover, there are perks like unlimited complimentary golf games and coaching at various courses in India and globally. You can also benefit from a low 2% markup fee on foreign currency transactions. The card provides round-the-clock global personal concierge services, offering assistance for golf bookings, itinerary planning, private dining, international gift delivery, event planning, airport VIP services, and more. Amazon Pay ICICI Bank Credit Card The Amazon Pay Credit Card has some great offers especially if you shop on Amazon. It does not have any joining fees or annual charges. Also, <keyword id="45593" type="General" weightage="20" keywordseo="rewards" source="Orion">rewards</keyword> accrued using this card come without any limit or expiration. These rewards, earned through transactions, hold significant flexibility, allowing their use across a vast selection of over 10 crore products on<a href="http://www.amazon.in/"> www.amazon.in</a> and at more than 100 associated merchant partners. Prime members of Amazon can get a 5% <keyword id="470101" type="General" weightage="20" keywordseo="cashback" source="Orion">cashback</keyword> on transactions executed at<a href="http://www.amazon.in/"> www.amazon.in</a> when utilising this card, while non-Prime customers still benefit, earning a 3% cashback on similar transactions. Additionally, cardholders receive a 2% cashback when engaging with over 100 Amazon Pay merchant partners via this card. For all other payments, a 1% cashback is assured, on the top of any existing offers. Importantly, these earnings materialise as an Amazon Pay balance, so that they can be redeemed easily. SBI Card Elite At a joining/renewal fee of ₹4,999 this credit card offers various benefits. Users receive a welcome e-Gift Voucher worth ₹5,000, applicable across various travel and lifestyle brands. Additionally, they enjoy annual free movie tickets, earning up to 50,000 bonus reward points yearly, with extra points for specific spending milestones. The card provides 5X reward points on dining, departmental store, and grocery purchases, and 2x reward points on other expenses, excluding fuel. Cardholders gain access to the priority pass program, including international and domestic airport lounge visits. Furthermore, they receive Club Vistara Silver membership, earning points for flight spends and receiving an upgrade voucher. The card offers low foreign currency mark-up charges of 1.99% and rewards for international transactions. Specialised assistance for flower and gift delivery, along with online doctor consultations, is also provided. Axis Bank ACE Credit Card The Axis Bank ACE Credit Card has a joining fee of ₹499 which is waived off if you spend more than ₹10,000 in the first 45 days of card issuance . It entitles users to unlimited cashback on various expenditures. There is a 5% cashback on utility bill payments made through Google Pay and a 4% cashback on orders placed through Swiggy, Zomato, and Ola. For all other expenses, there is a 2% cashback. Moreover, cardholders enjoy complimentary access to domestic airport lounges, providing up to four free visits annually. The card further grants a fuel surcharge waiver, enabling a significant 1% waiver on fuel transactions at Indian fuel stations, applicable for transaction amounts ranging from ₹400 to ₹4,000. The maximum monthly benefit is capped at ₹500. Standard Chartered Manhattan Credit Card This credit card has some cool reward points for shopping. Upon payment of the joining fee of ₹999, cardholders receive a welcome with 5,000 reward points, kicking off their rewards journey right from the start. For those frequenting supermarkets, the card offers an attractive 5% cashback deal, subject to certain conditions and caps. You can also get 15% off on e-vouchers of top brands and 25% discount at Easemytrip till 31 January, 2024. Additionally, every expense adds up in the form of reward points. Cardholders earn 3X reward points for every ₹150 spent on all other transactions, allowing them to accumulate points swiftly and effortlessly across various purchases, beyond the specified categories. They can redeem these points for products at the 360 Degree Rewards portal. Furthermore, the card provides an opportunity for renewal fee reversal. By spending ₹1,20,000 in a year, users can enjoy the benefit of having the renewal fee waived off.

Five credit cards offering year-end schemes for shopping and travelling

<ul><li><keyword id="6587619" type="General" weightage="20" keywordseo="Upasana-Taku" source="Orion">Upasana Taku</keyword> of <keyword id="143842" type="General" weightage="20" keywordseo="mobikwik" source="Orion">Mobikwik</keyword> believes that it's not as easy as some companies are making it out to be.</li><li>The company claims to be the largest <keyword id="9522245" type="General" weightage="20" keywordseo="bnpl" source="Orion">BNPL</keyword> fintech company in India with 24 million pre-approved BNPL users.</li><li>According to Redseer, digital BNPL players’ GMV could scale up 15 times to $45-50 billion in the next four years.</li></ul>‘Buy Now, Pay Later’ (BNPL) has become the new buzzword in the Indian fintech ecosystem that everyone has been chasing. From Paytm to Ola Money, everyone has been looking to get deeper into the fintech space and generate revenue out of this simple form of micro loans. However, Upasana Taku of Mobikwik believes that it's not as easy as a few companies are making it out to be. Mobikwik – which has been in the BNPL space since the last two years – noted that there is a lot that goes behind the scenes in order to build these BNPL processes. “Lending as a feature the whole world is making. Don’t worry, mein bhi yahin hoon, aap bhi yahin hoon. 2024 mein baat karein gaye, vo sab band ho gaya hoga... Log na excitement mein aa kar posuting, prespetion aur valuation k liye cheezein shuru kar dete hain phir usmeine grand opening and grand closing ho jati hai [We are here, we’ll talk in 2024, till then all these new businesses will be shut. People get excited and start new vertices for posturing, perception and valuation. Then there is a grand opening and a grand closing],” Taku said. She also gave examples of how Flipkart, Ola, Amazon and several other non-traditional players entered the wallet payments in 2015 as it became a fad, but later exited since they had no expertise in the domain. Even MakeMyTrip has a wallet, but it is now only used for cashbacks, she added. “Kuch cheezein fashion mein aati hain, jitni jaldi aati hai utni jaldi fashion se nikal bhi jaati hai… Ultimately kya hota hai ki yeh sab khulta hai, ek-do saal paise bhetein hain. Phir 1-2 saal mein yeh sab baand bhi ho jata hai kyunki sabko realize hota hai ki hum apne core business mein leadership position to manage nahi kar paa rahe hain. Hum ek aur side business mein bina focus ke kya karna cha rahe hai. [These are just fads that come and go. Ultimately, the companies flow a lot of cash in these fads for 1-2 years and then shut it down as they realise that they are not able to manage leadership positions in their core business and it makes no sense for them to enter a new vertical without focus,” she added. <div type="image" title="INTERVIEW: Mobikwik’s Upasana Taku says all the companies that made their grand entry into BNPL will have a grand exit too" msid="89960638" hostid="261"></div> Taku has zeroed down on three major problems that any new fintech company planning to get into consumer-facing BNPL products might face. First, where to get the customer. Second, where to get the data from. Third, who to partner with so that the customers can spend the credited amount. How to get consumers? “You need consumers, and consumer ko acquire karne ke liye customer acquisition cost lagti hai [to acquire consumers you need to spend on customer acquisition cost], which if you're acquiring from a Google or a Facebook or a partner, it is going to be ₹1000 or higher per person. That’s a massive problem for any new fintech that is starting, because it will cost them a lot of money to acquire new customers,” she added. Where to get the data? Citing this as a “chicken and egg” problem, Taku explained that the Credit Information Bureau (India) Limited (CIBIL) only has data of the top 50-60 million people in India. These are the type of users that top banks and credit card companies have been chasing for loans. A BNPL product usually focuses on users, who usually don’t have any credit history or data on them, but are transacting digitally. These platforms don’t just need this data to know who to lend to, but also to know how much to lend. Another issue for new BNPL companies is that if they acquire 1000 customers, only a part of it would be creditworthy. However, since the companies have spent so much capital on acquiring these users, they can’t really reduce the ticket size of these BNPL credits. “Now most fintechs are giving ₹10,000, ₹30,000, ₹40,000 on a three months EMI [equated monthly installment] kind of product. But that is when they are able to make money on it. They can’t reduce the ticket size because it is a problem that they spent so much on acquising the total users,” Taku noted. Where will customers spend this credit? The third and another major challenge is setting up a BNPL business is getting merchants to use the payment feature so that the customers have enough options to spend the credited amount. Several companies like Zomato, Swiggy, Amazon and Flipkart currently accept BNPL whether directly or through third party platforms like Simpl, LazyPay, ZestPay and others. There is not much sense to borrowing capital from fintech startups if you are not able to spend it. “As an example, there is a company called Simpl. They also have a <keyword id="4585897" type="General" weightage="20" keywordseo="buy-now-pay-later" source="Orion">buy now pay later</keyword> product. They are not into the payments business. So they don’t have millions of merchants unlike us. Therefore, their PayLater product is available in a few hundred ecommerce platforms or apps. That is a problem,” Taku added. “In a platform play [it is easier], because you already have millions of merchants, you already have millions of customers,” Taku explained. The company claims to be the largest BNPL fintech company in India with 24 million pre-approved BNPL users. <div type="image" title="INTERVIEW: Mobikwik’s Upasana Taku says all the companies that made their grand entry into BNPL will have a grand exit too" msid="89960671" hostid="261"></div> “This is where a platform like Mobikwik has a serious upper hand,” Taku added, explaining that 50 million users have completed ‘know-your-customer’ (KYC) with Mobikwik so they have all customers' details. Secondly, they also have the customers’ spending and financial data given they have used Mobikwik’s app across their products. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/upl-wipro-vedanta-future-retail-and-other-hot-stocks-on-march-3/slidelist/89959123.cms">UPL, Wipro, Vedanta, Future Retail and other hot stocks on March 3</a> <a href="https://www.businessinsider.in/india/news/expect-your-household-budget-to-go-up-sharply-as-prices-of-essential-items-take-a-plunge/articleshow/89954724.cms">Expect your household budget to go up sharply as prices of essential items shoot up</a> <a href="https://www.businessinsider.in/tech/news/google-is-calling-employees-back-to-some-us-offices-for-3-days-a-week-starting-april-4-with-flexibility-like-work-from-anywhere-weeks/articleshow/89956286.cms" data-type="tilCustomLink">Google is calling employees back to some US offices for 3 days a week starting April 4, with flexibility like 'work from anywhere' weeks</a>

You Searched For "swiggy amount spent" and got 6 results

How to find out how much you have spent on Swiggy so far

Sourabh Jain

India's love for biryani stays in top gear

BI India Bureau

Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?

Kritti Bhalla

Here’s how a Reddit user was able to get an iPhone 16 at under ₹27,000

Sourabh Jain

Five credit cards offering year-end schemes for shopping and travelling

Anagh Pal

INTERVIEW: Mobikwik’s Upasana Taku says all the companies that made their grand entry into BNPL will have a grand exit too

Kritti Bhalla

Popular Keywords

Buying Guides