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<ul><li><keyword id="8555" type="General" weightage="20" keywordseo="tata" source="Orion">Tata</keyword> Neu is an all-in-one platform that will offer electronics, groceries, and getaways.</li><li>Tata Group revealed the launch date of `Neu` on its app and Google Play Store.</li><li>Neu will compete against Amazon, Flipkart, and Jio.</li></ul>Tata group is all set to launch its super app ‘Neu’ on April 7. Neu will challenge Flipkart, Amazon, and Jio platforms in the digital e-commerce space. The company has made the announcement with a teaser image on the Google Play Store page. The first public advertisement of the Neu was seen along with the ongoing Indian Premier League cricket tournament. Tata Neu — everything you need to know Tata Neu is a unified platform that will connect multiple brands across the Tata universe of products and services. According to the company, this super app will offer everything from electronics, finance solutions, grocery, flights, holidays, and more such services. Each brand on Tata Neu will be connected by a common reward called NeuCoins, which can be earned and redeemed across all Tata brands and at physical stores. The company added that users can make payments across multiple Tata brands by using NeuCoins, UPI, cards, and other modes. Additionally, you can send money to friends and family using Tata Pay UPI. Before the launch of Neu, this super app was made available to the Tata employees for testing. For the promotion of the Super App, Tata had also given some Super Neo Coins to all its employees to spend in exchange for purchases on the app. Recently, Tata Group has acquired a majority stake in<a href="https://economictimes.indiatimes.com/news/company/corporate-trends/tatas-tejas-acquires-majority-stake-in-semiconductor-firm-saankhya-lab/articleshow/90550180.cms" data-type="tilCustomLink"> Saankhya Lab</a>, a semiconductor firm. With the acquisition of Saankhya Lab, the company aims to foray into the semiconductor business. Earlier this year in January Tata group also acquired Air India airlines and very recently it replaced the Chinese mobile manufacturer Vivo as the title sponsor of the Indian Premier League for 2022 and 2023. See also: <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-might-soon-limit-forwarding-messages-in-groups-to-curb-the-spread-of-misinformation/articleshow/90634763.cms">WhatsApp might soon limit forwarding messages in groups to curb the spread of misinformation</a> <a href="https://www.businessinsider.in/tech/how-to/how-to-stop-spotify-from-opening-on-startup-on-your-mac-computer/articleshow/90601527.cms">How to stop Spotify from opening on startup on your Mac computer</a> <a href="https://www.businessinsider.in/tech/how-to/how-to-record-a-google-meet-video-call-in-5-steps-to-rewatch-or-share-the-meeting-later/articleshow/76331452.cms">How to record a Google Meet video call to rewatch or share the meeting later</a>

Tata’s super app ‘Neu’ is all set to launch this week — here’s what to expect

The <keyword id="6355014" type="COMPANY" weightage="20" keywordseo="delhi-high-court">Delhi High Court</keyword> on Monday granted more time to the Centre to file the status report in a petition seeking direction for an injunction against the updated privacy policy by WhatsApp. Notably, WhatsApp had asked users to either give their consent to sharing data with Facebook or lose their accounts after February 8. The policy was, however, put on hold till May 15 due to a massive backlash by the users. The petition filed by <keyword id="6360668" type="PERSON" weightage="20" keywordseo="advocate">Advocate</keyword> Chaitanya Rohilla has claimed that the new policy violates the Right to Privacy guaranteed under the Constitution and gives a 360-degree profile into a person's online activity without any government oversight. During the course of <keyword id="6394153" type="UNKNOWN" weightage="20" keywordseo="Proceedings">proceedings</keyword>, Justice Sanjeev Sachdeva granted the government more time and adjourned the matter to April 19. The court refused to issue notice to the respondents in the matter. In a similar matter related to the new privacy policy, Chief Justice D.N. Patel had issued notice to the <keyword id="3428254" type="COMPANY" weightage="20" keywordseo="ministry-of-electronics-and-information-technology">Ministry of Electronics and Information Technology</keyword>. The matter will come up for hearing on March 15. In a hearing on January 25, Justice Sanjeev Sachdeva emphasized that downloading the application is not mandatory and a person can choose not to download it. "It is voluntary. If you do not want to, you can choose not to. It is not mandatory for you to download it," a single-judge Bench of Justice Sanjeev Sachdeva said, reiterating his stand from an earlier proceeding. Prior to that, the judge had remarked that if a person feels that WhatsApp will compromise data, they must delete it. "It is a private app. Do not join it. What is your grievance? I cannot understand your concern." SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/ratan-tata-is-reportedly-exiting-lenskart-with-returns-of-28-times-the-investment/articleshow/81268916.cms">Ratan Tata is exiting Lenskart with returns of almost five times the investment</a> <a href="https://www.businessinsider.in/finance/news/explained-the-nue-licence-for-payments-that-tata-ambani-and-bezos-have-applied-for/articleshow/81268434.cms">EXPLAINED: The NUE licence for payments that Tata, Ambani and Bezos have applied for</a> <a href="https://www.businessinsider.in/tech/news/elon-musks-starlink-satellite-internet-is-coming-to-india-heres-how-you-can-pre-book-your-connection/articleshow/81268052.cms">Elon Musk's Starlink satellite internet is coming to India – here's how you can pre-book your connection</a> <a href="https://www.businessinsider.in/business/news/elon-musk-and-reliance-industries-mukesh-ambani-compete-in-energy-storage-skytran-and-hyperloop/articleshow/81266903.cms">Elon Musk is facing a challenge from Asia’s richest man Mukesh Ambani in India⁠— both in energy and transportation</a>

WhatsApp privacy policy — Indian government gets four more weeks to file its response to plea challenging update

<ul><li>The Indian ecommerce space may soon run out of space to accommodate any more players if another big player tries to make an entry, according to a report.</li><li>Bernstein has maintained that the Indian ecommerce sector would not be a “winner take all” opportunity.</li><li>The four biggest players in the segment are <keyword id="18635" type="General" weightage="20" keywordseo="amazon" source="Orion">Amazon</keyword>, <keyword id="6354742" type="General" weightage="20" keywordseo="flipkart" source="Orion">Flipkart</keyword>, <keyword id="10926" type="General" weightage="20" keywordseo="reliance" source="Orion">Reliance</keyword> and Tata Digital.</li></ul>Every big Indian business has been chasing the ecommerce space, which is expected to clock <a href="http://www.businessinsider.in/business/ecommerce/news/india-will-have-more-ecommerce-users-by-2025-than-us-population/articleshow/92062424.cms">half a billion users</a> by the end of this decade. Whether it’s Amazon, Flipkart, Reliance JioMart or Tata Digital’s latest super app <keyword id="12651286" type="General" weightage="20" keywordseo="Tata-neu" source="Orion">Tata Neu</keyword>, everyone has been leaving no stone unturned to dominate the customer demand and mindspace. Now, a new report by JM Financial has revealed that we may soon run out of space to accommodate any more players. The Indian financial services company noted that the entry of another large player into the already “crowded” ecommerce space could instead lead to further consolidation, which will be harmful for smaller players trying to make a mark. “Smaller “me-too” players are likely to lose out. Further, we see these large players continuing their hunt for specialised e-commerce players to fill their portfolio gaps in order to maintain leadership. Besides, we could see them acquiring e-commerce enabling companies, e.g., logistics, data analytics, etc. to support organic growth,” the report added. Meanwhile, Bernstein has maintained that Indian ecommerce would not be a “winner take all” opportunity due to low ecommerce penetration of different categories and customer segmentation. The private wealth management firm noted that ecommerce is the largest segment in India internet and is expected to grow more than five-fold to reach $133 billion by 2025. <cmsannotation type="cmsannotation" annotationid="Tata Neu may eat into Amazon, Flipkart and Reliance’s share" comment="subhead" text="Tata Neu may eat into Amazon, Flipkart and Reliance’s share">Tata Neu may eat into Amazon, Flipkart and Reliance’s share</cmsannotation> Tata Digital’s superapp Tata Neu — which brings all of its digital services and apps on a single platform — is the latest one to join the battle. Even though none of the brands or banners launched under the super app are new, the consolidation of them all under one banner has given an advantage to the company especially when it comes to personalisation of products. JP Financial noted that Tata Neu sells almost 95% of overall e-tailing segments, ranging from electronics to clothes to shoes to groceries through brands like Westside, Tata CLIQ, Croma and BigBasket. The platform also offers flight tickets, jewelry and would add more product lines or brands in the time to come. It is expected to clock<a href="https://www.businessinsider.in/retail/e-commerce/news/tataneu-could-be-worth-15-billion-all-thanks-to-bigbasket-croma-and-westside/articleshow/92052094.cms"> $20 billion in sales</a> by the end of this decade. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Monthly Active User </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15 million* </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Flipkart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 million* </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance JioMart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/business/news/dmart-and-jiomart-are-offering-deep-discounts-to-catch-up-with-bigbasket/articleshow/86750826.cms#:~:text=According%20to%20the%20report%2C%20BigBasket,and%20DMart's%205%20million%20each.">5 million</a> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Neu </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/business/news/tata-neu-has-been-downloaded-2-2-million-times-in-the-last-one-week/articleshow/90848701.cms">2.2 million**</a> </td></tr></tbody><tbody></tbody></table>Source: Media reports, Jefferies, Bernstein *The Data is based on Bernstein analysis **Tata Neu announced that it recorded 2.2 million downloads in the first week of its launch in April 2022. Tata Neu is well placed to take market share away from its existing competitors like Flipkart, Amazon, Reliance Retail, the report added. Reliance Industries had launched JioMart in 2019 to sell groceries online, the platform maily competed with BigBasket (now owned by Tata) and Zomato-backed Grofers (now called Blinkit). The Mukesh Ambani-led company later decided to expand JioMart’s offering to include clothes, accessories, household items and more to give tough competition to Amazon and Flipkart. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/corporates/news/paytm-could-be-entering-a-low-cost-high-profit-margin-regime-say-a-brokerage-firm/articleshow/92054964.cms" style="">PayTM could be entering a low cost-high profit margin regime, say a brokerage firm</a> <a href="https://www.businessinsider.in/business/startups/news/physicswallah-is-indias-first-profitable-edtech-startup-up-here/articleshow/92056796.cms" style="">YouTube channel to a billion dollar company — India’s first profitable edtech unicorn is here</a> <a href="https://www.businessinsider.in/retail/e-commerce/news/tataneu-could-be-worth-15-billion-all-thanks-to-bigbasket-croma-and-westside/articleshow/92052094.cms" style="">TataNeu could be worth $15 billion all thanks to BigBasket, Croma and Westside</a>

After Amazon, Flipkart, Reliance and Tata Neu, India's $133 billion ecommerce market may be too little for a fifth player

New Delhi, <keyword id="61562" type="COMPANY" weightage="20" keywordseo="LG-Electronics">LG Electronics</keyword> on Monday expanded its 'Tonefree' truly wireless earbuds lineup with the launch of its most advanced TWS the HBS-FN7 and HBS-FN6 at a starting price of ₹24,990. The earbuds come with a UV nano charging cradle with ultraviolet light that sanitizes the earbuds, eliminating 99.9 per cent bacteria while charging. "The HBS-FN7 and HBS-FN6 from the latest LG Tonefree range feature technology from <keyword id="197389" type="LOCATION" weightage="20" keywordseo="Meridian">Meridian</keyword> Audio, the renowned British audio technology company and LG's trusted partner in delivering superior sound. Powered by <keyword id="1119422" type="COMPANY" weightage="20" keywordseo="digital-signal-processing">Digital Signal Processing</keyword>, a technology that Meridian has been perfecting for over 25 years, the LG Tonefree FN7 not only recreates a realistic soundstage that simulates the experience of listening to real loudspeakers but also delivers vocals with pristine clarity, completely immersing the listener," the company said in a statement. Accessible through the LG Tonefree app available for both <keyword id="6355645" type="PERSON" weightage="20" keywordseo="Android">Android</keyword> and iOS devices. The case comes with LED lighting on the top, making it easy to monitor the charging levels and UVnano status. According to the company, the earbuds have been engineered to fit comfortably in the ears with head-centered weight distribution that helps them stay snug and secure along with flexible, medical-grade ear gels that conform to the ear shape. The FN7 comes with <keyword id="6697739" type="COMPANY" weightage="20" keywordseo="active-noise-cancellation">Active Noise Cancellation</keyword> (ANC), specially engineered to reduce high-frequency noise encountered on a daily basis. SEE ALSO: <a href="https://www.businessinsider.in/international/news/questions-arise-about-jack-ma-whereabouts-as-alibaba-faces-scrutiny-from-the-chinese-government/articleshow/80090457.cms">Where is Jack Ma? Questions arise about the billionaire’s whereabouts as Alibaba faces scrutiny from the Chinese government</a> <a href="https://www.businessinsider.in/stock-market/news/big-money-chasing-bitcoin-takes-the-cryptocurrency-to-a-new-record-high-of-34000/articleshow/80090730.cms">Big money chasing Bitcoin takes the cryptocurrency to a new record high of $34,000</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-stock-surge-the-early-trading-hours-today-after-the-company-reported-a-21-increase-in-total-vehicle-sales/articleshow/80092876.cms">Tata Motors’ rallies over 3% as it outshines Mahindra and Maruti in December sales</a> <a href="https://www.businessinsider.in/tech/news/over-100-million-debit-and-credit-card-users-data-has-been-leaked-online-from-payments-processor-juspay-amazon-and-swiggy/articleshow/80096472.cms">The company that processes payments for Amazon and Swiggy has reported a data leak of over 100 million debit and credit cardholders</a>

LG launches truly wireless earbuds in India, pricing starts at ₹24,990

KOLKATA: Voltas established a clear lead in air-conditioners sold through multi-brand outlets in the past fiscal year, dethroning <keyword id="6356116" type="CITY" weightage="80" keywordseo="LG">LG</keyword>, the first time in almost 14 years that a local manufacturer was able to topple South Korean companies in any major segment in the fiercely competitive Rs 50,000-crore consumer electronics market. 
 
This follows a year in which Voltas emerged as a front-runner in the category, fighting LG for ascendancy. The performance by Voltas came in the face of scepticism that success in FY13 had been a flash in the pan and that no domestic brand could make a dent in the dominance of the multinationals in multi-brand outlets, where 90% of total industry sales take place. 
 The <keyword id="6383291" type="COMPANY" weightage="40" keywordseo="ACS">ACs</keyword> made by the <keyword id="6355725" type="CITY" weightage="40" keywordseo="Tata-Group">Tata Group</keyword> unit had a 20% share in multi-brand outlets followed by LG at 18% and Samsung at 10.8% in the April 2013-February 2014 period, according to the latest data from market researcher GfKNielsen that tracks sales in the durables industry. Voltas is ahead by value as well at 18.9%, followed by LG at 17.9% and Samsung at 10.6%. 
 
This was the first full year in which Voltas sustained its leadership throughout, with LG having fought back to the top in some months in FY13. 
 
However, LG is still the market leader when counting sales in multi-brand outlets and its own exclusive stores. 
 
As per GfK-Nielsen, LG India has a 22% share by this measure, with Voltas at 18%, followed by Samsung at 14%. Since multi-brand outlets account for the dominant share of AC sales, it's a fair measure of competition, said Pradeep Bakshi, president and COO, unitary cooling products business group. 
 
“We are targeting more than 25% share this year. For this, we have launched more than 90 models,” he said. LG India seemed to reject the reasoning offered by Voltas. 
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	“We would like to mention that LG is market leader in AC segment and figures mentioned in the mail are representing manipulative and incorrect form of market share,” it said in an email without responding on other queries sent as part of a detailed questionnaire.
To be sure, as a delayed summer gets under way, LG will be more than ready to unleash the might of its vast marketing machine. Voltas will have a tough task as LG has been pushing back hard with higher margins this season, said a senior executive of a leading electronic retail chain. 
 
“Another area where Voltas has not worked hard is to increase the appeal of the brand among younger consumers, for whom Hitachi and Daikin are the preferred brands and may settle for a LG or Samsung if budget does not permit,” he said. 
 
Still, the turnaround at Voltas is big news at Bombay House, the Tata group headquarters, considering the many Indian brands that lost out after LG and Samsung entered the Indian market in the late 90s. 
 Homegrown brands such as BPL, Videocon, Onida, <keyword id="6369697" type="COMPANY" weightage="40" keywordseo="Godrej">Godrej</keyword> and Voltas lost lustre starting 2000-01, with the South Koreans kicking off their marketing thrust. IFB was one of the few Indian brands to maintain its grip on the market in the niche front-loading washing segment until about four years ago, when LG took over as leader. 
 LG India has built the country's largest network of company-branded exclusive stores in the durables industry, with more than 1,800 such franchisees. As per estimates, such stores account for around 20% of LG India's sales, the highest contribution from this category in the industry. However, AC makers including Hitachi, Daikin, Voltas and <keyword id="345443" type="COMPANY" weightage="40" keywordseo="Carrier">Carrier</keyword> have not focused on setting up exclusive stores since most AC sales take place in multi-brand stores such as local outlets, regional chains and modern retail. 
 
The executives most credited with the Voltas turnaround are Bakshi and managing director Sanjay Johri. The process started eight years ago when Bakshi was given the task of turning around the air-conditioner business by the board, with the condition that if he failed, the business may be sold. At the time Voltas was at a negligible 6-7th position in the market, with accumulated losses of Rs 140 crore. 
 
“Regaining market leadership has indeed been a Herculean task, considering LG was a tough market leader and the AC category has been one of the most penetrated with more than 25 international and domestic brands jostling for their share of the wallet,” said Bakshi, who joined Voltas after stints at Electrolux and Godrej Appliances. Bakshi’s strategy involved launching India’s first energy efficient air-conditioner in 2007, three years before the government made energy ratings mandatory, pricing the models Rs 2,000-3,000 higher than LG and Samsung. Advertisements said energy efficiency would lower electricity bills. 
 
He also shut two factories that could not produce such models. In 2012, Voltas launched its biggest success to date -- the all-weather AC range. He also employed one of LG's strategies to great success. “The AC business was traditionally done by dealers who would specialise in this field. LG had changed the game by selling AC in the general trade and we too decided to follow suit. We currently have more than 9,400 such outlets where our products are sold. This changed the game for us too,” said Bakshi. 
 
The air-conditioner business is now the highest contributor toward profitability for Voltas, encouraging Bakshi to draft a blueprint to expand the brand into household appliances such as refrigerators and washing machines with a target to expand revenue to Rs 5,000 crore in five years. The business is the second-largest revenue contributor for Voltas, after electro-mechanical projects and services, with sales of Rs 1,835 crore in 2012-13 with a profit of Rs 173 crore. Total net sales for Voltas in 2012-13 amounted to Rs 5,514 crore . 
 
The brand lends itself very strongly to the domain of air and water, said Deba Ghosal, head of marketing and key accounts. “If you add our pedigree of cooling expertise, leadership position, and the trust factor of a Tata brand, the possibilities to expand into other categories are immense,” he said. 
 
Bakshi acknowledges challenges ahead such as increasing appeal to younger consumers. “But we are on the way. For instance, this year we have launched a smartphone app to control the AC and are also targeting social media,” he said. 
 
Bakshi is also betting on his new team, which consists of seasoned talent from the industry. This includes Rahul Jain, who joined from LG to head service, Ghosal, another ex-LG India executive, and Manish Desai, who moved from Onida to head finance.

Voltas Topples LG, Samsung In Consumer Electronics; Grabs No 1 Spot In ACs

<ul><li>Samsung has partnered with <keyword id="19898109" type="General" weightage="20" keywordseo="Paytm" source="keywords" meta.keywordsubtype="org" meta.entityname="Paytm" meta.hostid="83" meta.entityid="Paytm">Paytm</keyword> to offer travel and entertainment ticket bookings in the <keyword id="20006622" type="General" weightage="100" keywordseo="Samsung-Wallet" source="keywords">Samsung Wallet</keyword> app.</li><li>Samsung users can also access tickets booked on Paytm through the Samsung Wallet app.</li><li>This comes soon after the launch of the Google Wallet app in India.</li></ul> Consumer electronics brand Samsung has partnered with One97 Communications, the parent company of Paytm to bring ticket-booking services to the Samsung Wallet in India. Samsung <keyword id="22039330" type="General" weightage="20" keywordseo="Galaxy-smartphone" source="keywords">Galaxy smartphone</keyword> users can now access Paytm's suite of services, including <keyword id="19938716" type="General" weightage="20" keywordseo="flight" source="keywords">flight</keyword> and bus bookings, movie ticket purchases, and event bookings, through the Samsung Wallet. The new feature is already live and all users have to do is update their Samsung Wallet app. “We are delighted to launch new features on Samsung Wallet in collaboration with Paytm. These features allow Galaxy smartphone users to easily purchase bus and airline tickets, as well as movie and event tickets, without needing to switch between multiple apps. Furthermore, users can access these tickets simply by swiping up on their Galaxy smartphone's home screen,” said Madhur Chaturvedi, Senior Director, MX Business, Samsung India. Galaxy users using the Paytm and Paytm Insider apps can add their tickets directly to Samsung Wallet using the 'Add to Samsung Wallet' functionality. <cmsannotation type="cmsannotation" annotationid="Samsung announces referral offer" comment="subhead" text="Samsung announces referral offer">Samsung announces referral offer</cmsannotation> Samsung has announced that it will soon roll out a referral program for the Samsung Wallet app. When you refer someone, you and your referee will both receive a ₹100 Amazon gift card when the person joins Samsung Wallet. In addition to this, Samsung and Paytm will soon announce an introductory offer, providing discount offers of up to ₹1,150 on first bookings to new users. “By combining Samsung’s cutting-edge technology with Paytm’s wide-ranging services, we are making it easier than ever for consumers to manage their bookings and payments through a single unified platform,” a Paytm spokesperson said. The partnership between the two companies comes soon after the launch of the<a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms"> Google Wallet</a> app in India. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms">Tata Group reportedly looking to acquire a majority stake in Vivo India</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-30000-in-india/slidelist/110995645.cms">Best smartphones under ₹30,000 in India</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-now-allows-video-calls-with-32-people-screen-sharing-and-more/articleshow/110990939.cms">WhatsApp now allows video calls with 32 people, screen sharing and more</a>

Samsung Wallet gets ticket booking services as it partners with Paytm

Consumer electronics maker <keyword id="19897758" type="General" weightage="20" keywordseo="Samsung" source="keywords" meta.keywordsubtype="org" meta.entityname="Samsung" meta.hostid="261" meta.entityid="Samsung">Samsung</keyword> <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> on Wednesday announced the launch of a range of <keyword id="20097714" type="General" weightage="20" keywordseo="AI-powered" source="keywords">AI-powered</keyword> <keyword id="20704535" type="General" weightage="20" keywordseo="home-appliances" source="keywords">home appliances</keyword> and said it aims to exceed customers' expectations in the fast-growing premium <keyword id="20269097" type="General" weightage="20" keywordseo="appliances" source="keywords">appliances</keyword> market. The new range of appliances with <keyword id="20212398" type="General" weightage="20" keywordseo="bespoke" source="keywords">bespoke</keyword> AI (artificial intelligence) will ensure smarter living for Indian homes and reduce energy consumption, contributing to a greener planet, the company said. "With our bespoke AI-powered home appliances, consumers will be able to customise their choices, get easy controls for elders and kids, and get seamless diagnosis for their home appliances. "With the transformative power of AI, we are confident that bespoke AI will strengthen our leadership in the digital appliances market in India," said J B Park, President &amp; CEO, Samsung Southwest Asia. Samsung's bespoke appliances include refrigerator, air-conditioner, microwave and washing machine, which are powered by AI. These appliances with in-built internet connectivity, cameras and AI chips will help consumers manage these products through SmartThings app. Samsung claimed these appliances optimise energy savings using AI algorithm based on usage patterns and save up to 10 per cent energy in refrigerators, up to 20 per cent in air-conditioners and up to 70 per cent in washing machines. Samsung India Senior Director, Digital Appliances, Saurabh Baishakhia said: "With AI appliances, our objective is to further strengthen our premium portfolio and increase our share in the premium appliances segment." SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-scooters-get-a-price-hike-of-up-to-16000-as-fame-subsidy-ends/slidelist/109136771.cms">Electric scooters get a price hike of up to ₹16,000 as FAME subsidy ends</a> <a href="https://www.businessinsider.in/business/auto/news/ather-rizta-electric-scooter-launched-in-india-starting-at-rs-109999/articleshow/109128809.cms">Ather Rizta launched in India as the Hero MotoCorp-backed EV forays into the family scooter segment</a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-march-2024/slidelist/109066534.cms">Top selling cars in India in March 2024 – Tata Punch leads the pack</a>

Samsung launches AI-powered home appliances range

TW Electronics, the UK-based company behind the reference remote used on most <keyword id="418023" type="General" weightage="50" keywordseo="android-tv" source="Orion">Android TV</keyword> and <keyword id="1030162" type="General" weightage="20" keywordseo="Google-TV-devices" source="Orion">Google TV devices</keyword> in recent years, has introduced a new design of the remote that includes a photovoltaic panel at the bottom that allows for self-charging of the battery. "Excited to announce the launch of a self-charging, battery-free #remotecontrol powered by indoor light. Developed with #Exeger, the device is #GoogleTV ready and easily integrated into your existing system," TW Electronics tweeted. According to 9to5Google, the panel used in the remote uses light sources to convert that energy into electricity that can charge the battery within the device. In recent years, self-charging remotes from brands like <keyword id="10591" type="General" weightage="50" keywordseo="samsung" source="Orion">Samsung</keyword> have been introduced, and <keyword id="18635" type="General" weightage="50" keywordseo="amazon" source="Orion">Amazon</keyword> is expected to be working on incorporating the technology into its next Fire TV remote. However, it is unclear when this self-charging remote might actually launch with a <keyword id="162708" type="General" weightage="100" keywordseo="google-tv" source="Orion">Google TV</keyword> product, said the report. Last year, the tech giant started rolling out 'personalised profiles' for its users on <keyword id="6355629" type="General" weightage="20" keywordseo="google" source="Orion">Google</keyword> TV. The new Google TV profiles let users enjoy their own personalised space with their Google Account. "As you watch TV, your profile takes into account your interests and preferences to help you discover more of what's out there for you. And for the little ones, you can always set up a kids profile to help them access a fun collection of movies and shows under your guidance," the company said in a blog post. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/apps-for-marathon-runners-on-iphones-and-apple-watch/articleshow/96965438.cms">The best apps for marathon runners on iPhones and Apple Watch</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/charging-infra-improvement-can-reduce-range-anxiety-for-evs-tata-motors-md/articleshow/96961534.cms">Charging infra improvement can reduce range anxiety for EVs: Tata Motors MD</a>

Future Google TV to get self-charging, battery-free remote

<ul><li>Analysts say FMCG, auto makers and clothing company stocks are expected to witness strong demand.</li><li>Raksha Bandhan, Ganesh Chaturthi, Navratri, Diwali, Dussehra are considered auspicious for purchases of valuable items like automobiles, apartments or even going on a shopping spree for clothing, watch,electronics etc.</li><li>Besides, India’s consumption story is coming across to be strong even as Inflation may be hurting household budgets.</li></ul>Festive season that starts from August and runs till December brings limelight on company stocks, whose products and services are in high demand during the period. The festivals of Raksha Bandhan, Ganesh Chaturthi, Navratri, Diwali, Dussehra are considered auspicious for the purchase of valuable items like automobiles, apartments. Also, people tend to go on shopping sprees this season for clothing, watches, electronics etc. Analysts say FMCG stocks are best performers during the season led by demand for sweets, chocolates and snacks. “Festive season is around and some stocks in sectors like FMCG, auto, banking might see some good action due to increased demand during these times. Recently there has been a record growth in auto sales with long waiting times, in spite of the inflation concerns. Some stocks to look for could be Tata Motors, Mahindra and Mahindra,Titan and other banking stocks,” Manoj Dalmia, founder and director at Proficient Equities told Business Insider India. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Festive stocks </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% returns in last one year </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">59% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">60% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">34% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">DMart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shoppers Stop </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">159% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manyavar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">27% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Raymond </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">127% </td></tr></tbody></table> And, there are weddings too Right along with the festival season comes the wedding season and that’ll spur the demand even further – making the season of shopping sprees last longer. “FMCG stocks tend to do well during festive season with stocks like DMart, Shoppers Stop being in the limelight. Apart from the festive season, it’s also the marriage season so stocks like Manyavar, Raymond, these stocks would be back in focus because of the shopping spree,” Kranthi Bathini, director of equity strategy at WealthMills Securities told Business Insider India. Moreover, India’s consumption story is coming across to be strong even as inflation may be hurting household budgets. Consumers, experts say, are not yet cutting back on discretionary items like skincare and cosmetics. In a recent interview with Nykaa CEO Achint Nayar he said that consumers are not cutting back on small luxuries despite inflation. Especially in the premium category, there are fewer consumers who are unlike in the case of FMCGs in the last few months. Morgan Stanley too backed the India consumption story and said in a recent report that it consumption will pick up in the coming quarters, as the economy is now fully reopened and supported by job creation and income growth. It says that <a href="https://www.businessinsider.in/business/news/healthy-household-balance-sheets-will-push-auto-consumer-goods-sales-morgan-stanley/articleshow/93473239.cms">India’s household balance sheets </a>are healthy and a conducive macro backdrop will keep consumer confidence high. “India’s consumption story is not a one day or one season story, it's going to be a much buoyant story in the coming days because the disposable income of people is going up. Besides, despite the increase in interest rates, real estate is picking up as people tend to book during the festive season,” added Bathini. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/food-delivery-startup-qmin-claims-to-be-the-only-profitable-business-among-its-peers-like-zomato-swiggy/articleshow/93520527.cms">Taj Hotels’ Qmin food delivery app claims to be the only profitable business among its peers</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/avatar-2-black-panther-2-ant-man-here-is-a-complete-list-of-hollywood-movies-expected-to-hit-indian-theaters-in-the-next-6-7-months/articleshow/93522825.cms">Avatar 2, Black Panther 2, Ant Man — Here is a complete list of Hollywood movies expected to hit Indian theaters in the next 6-7 months</a>

Here’s a list of stocks that can benefit from the festive season

<ul><li><keyword id="16368070" type="General" weightage="100" keywordseo="scrapuncle" source="Orion">ScrapUncle</keyword> offers scrap recycling services via its own website and app to homeowners and offices. </li><li>ScrapUncle received a grant of ₹23 lakh from Columbia University. </li><li>Sharks got into a bidding war over the startup, leading to its valuation getting doubled in a matter of minutes. </li></ul>In season 2 of the reality show <keyword id="11924074" type="General" weightage="80" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword>, multiple entrepreneurs pitched products that aim to solve the nation’s problems. The latest startup that pitched the show, ScrapUncle, also falls into this club. Started in 2019, ScrapUnce is a Delhi-based startup that positions itself as a modern-day ‘kabbadiwala’ (scrap dealer), which <a href="https://www.linkedin.com/company/scrapuncle/about/">aims to bring </a>“a systematic change in India's recyclable waste management problem”. ScrapUncle offers scrap recycling services via a website and an app. Customers can book trained and verified agents to collect scrap from their homes or offices. These agents accurately weigh the scrap and provide the best value for it, claimed the founder, Mukul Chhabra. The startup also promises <a href="https://scrapuncle.com/home">‘responsible recycling of scrap items’</a> on its website. “Customers and scrap dealers face problems because this sector is extremely unorganised and neglected. But when local sellers are online, then why not scrap dealers?” said Chhabra on the show. Chhabra also stated that in two years, ScrapUncle has completed over 22,000 pickups in the Delhi-NCR region, and sent 14 lakh kilograms of scrap for recycling. <cmsannotation type="cmsannotation" annotationid="Finding heaven in a junkyard" comment="subhead2" text="Finding heaven in a junkyard">Finding heaven in a junkyard</cmsannotation> A BTech graduate from Indraprastha Institute of Information Technology in Delhi, Chhabra always had an entrepreneurial bent of mind. Before starting ScrapUncle, he co-founded DroneMed in 2017. DroneMed was a startup in the field of unmanned aerial vehicles i.e. drones. It received various awards and recognitions from organizations like DST, Tata Trusts, Indian Air Force, etc. including a grant of ₹10 lakh but the startup had to be shut down. However, 25-year-old Chhabra was always interested in setting up ScrapUncle. “I was interested in robotics since childhood. My maternal uncle is a scrap dealer. I’d visit his junkyard and look for electronic equipment for my robots and projects. For me, it was heaven. That’s also how I got a fair idea about how the sector functioned,” shared Chhabra on the show. From visiting various junkyards to moving scrap dealers in his apartment to understand their challenges, Chhabra researched the industry in detail before launching the business. Normally, a scrap dealer earns ₹30,000-35,000 on a monthly basis, but ScrapUncle collection partners earn anywhere between ₹60,000-70,000, claimed Chhabra. The startup also received a grant of ₹23 lakh from Columbia University. The company, which was founded in 2019, started full-time operations in August 2020, and currently, has monthly sales worth ₹27.5 lakh. Chhabra claimed the business grew 4x during Covid — as more people went in for decluttering. It achieved yearly sales of ₹35 lakh in FY21 and ₹1.48 crore in FY22. Chhabra also projected sales worth ₹6 crore for FY23. After hearing Chhabra’s pitch and vision, sharks Namita Thapar, Anupam Mittal, and Aman Jain commended him for providing dignity to the profession, and for his knowledge of the sector. <cmsannotation type="cmsannotation" annotationid="Fighting for ‘scraps’ of equity" comment="subhead2" text="Fighting for ‘scraps’ of equity">Fighting for ‘scraps’ of equity</cmsannotation> The co-founder of boAt, Aman Gupta, was the first one to back out from investing because he believed the startup was at a stage where it needed a lot of work. However, he shared that he was impressed by Chhabra’s earnest approach to the business. Impressed by his passion and clarity, Sugar Cosmetics’ cofounder Vineeta Singh made the first offer — ₹30 lakh for 5% equity stake, and ₹30 lakh in debt at 12% interest rate, valuing the company at ₹6 crore. “I don’t know if every city will have a ScrapUncle like this or if you’ll single-handedly be able to make this a pan-India business. But I feel you’re passionate and possess clarity. I want to bet on that,” shared Singh. Namita Thapar, executive director at Emcure Pharmaceuticals, backed out because she didn’t believe she could add any value to the startup. CarDekho’s co-founder Amit Jain highlighted the emerging market for car scrapping and made an offer at the same valuation as Singh but without the element of debt — ₹60 lakh for a 10% equity stake. “This (car scrapping) is an important moment for our industry, where cars that are 10-15 years old will be scrapped… mandatorily, by law” added Jain. Shaadi.com’s founder Anupam Mittal countered with his own offer of ₹60 lakh for an 8% equity stake, raising the valuation to ₹7.5 crore. Jain instantly revised his original offer — the same investment for ₹7% equity stake, which prompted Mittal to offer a revised deal with a 6% equity stake. Before Chhabra could even respond to any of the offers, Jain made a final offer — ₹60 lakh for a 5% equity stake that valued the company at ₹12 crore. In less than a minute the valuation doubled from ₹6 crore to ₹12 crore. Mittal then rescinded his offer, stating that Chhabra took too long to respond. Ultimately, Chhabra agreed to Jain’s offer – of ₹60 lakh for 5% equity. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/adani-group-to-pre-pay-1114-million-for-release-of-pledged-shares-ahead-of-maturity-in-september-2024/articleshow/97643602.cms">Adani Group to pre-pay $1,114 million for release of pledged shares ahead of maturity in September 2024</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/mens-apparel-brand-snitch-sews-all-sharks-together-gives-king-of-bling-anupam-mittal-his-own-fashion-line/articleshow/97576836.cms">Men’s apparel brand Snitch sews all sharks together – Gives ‘King of Bling’ Anupam Mittal his own fashion line</a>

Young boy builds an online kabadiwala biz after being inspired by his uncle's scrapyard 'heaven'

New Delhi, Apr 13 () A high-powered committee comprising government officials and tech leaders, set up by the Prime Minister's Office, is working on solutions to deal with the coronavirus crisis, including the next version of Aarogya Setu app, according to a source.The committee has been formed under Principal Scientific advisor Professor Vijay Raghavan.The member includes IT secretary Ajay Sawhney, Trai Chairperson RS Sharma, telecom secretary Anshu Prakash, Tata Group chairperson N Chandrasekaran, Mahindra Group chairman Anand Mahindra, Tech Mahindra CEO CP Gurnani, Professor V Kamakoti of IIT Chennai and Google map founder Lalitesh Katragadda."The committee meets regularly and is progressing aggressively and the PMO is actively involved. They meet 3 to 4 times a week to discuss the next steps. Prime Minister Narendra Modi has been himself stressing on 'harnessing digital and tech innovation for a healthier planet', and spearheading this initiative," the source told .The committee is said to have been the driving force to develop coronavirus patient tracker mobile Aarogya Setu."The goal of the committee is to make this app cover all aspects. 100 per cent reach, ability to trace and restrict movement of patients and those quarantined using artificial intelligence and GPS technologies, reduce burden on the health care system by providing remote health care support," the source said.The committee is working on the next version of Aarogya Setu to help citizens to identify lockdown spots and also especially for the economically weaker section to use these services to find out and locate daily needs distribution centres."Basically aim is to be a complete one stop shop for all citizen needs arising due to covid-19. Tata Consultancy Services is working on testing and some of the other aspects while Tech Mahindra and the Mahindra group is working with the committee on the next version of this application and leveraging next generation technologies like AI, machine learning, data science," the source said.Tech Mahindra is also working on expanding the reach of Aarogya Setu on all types of phones.The current version of Aarogya Setu app is fit for use on smartphones only."There is work going on to add health care facilities, remote healthcare and medical staff support also in the app," the source said.According to the source, the committee is also working on to come up with solutions that can be rolled out across the country expeditiously and in an economical manner."The committee came up with Aarogya Setu on April 2. Now, over 1 crore people have downloaded it. Mahindra Group has declared that the group will enable building of automated versions of bag valve mask ventilator – especially to simplify design and to scale up capacity. Similarly other solutions are being expeditiously looked at by the committee," the source said.According to the source, Niti Aayog and the Ministry of Electronics and IT have played an instrumental role in the development of Aarogya Setu. PRS BAL

PMO ropes in tech leaders to develop solutions to deal with coronavirus crisis

<ul><li>Analysts at <keyword id="6361649" type="UNKNOWN" weightage="20" keywordseo="Goldman-Sachs">Goldman Sachs</keyword> expect <keyword id="8506093" type="UNKNOWN" weightage="20" keywordseo="Jiomart">JioMart</keyword> to garner a 50% market share of India’s <keyword id="1640900" type="PERSON" weightage="20" keywordseo="Online-grocery">online grocery</keyword> segment by FY25. </li><li>JioMart’s expansion, even as competitors like Grofers and Swiggy have limited their presence, will give it an added advantage. </li><li>Barely a year old in the industry, JioMart is riding on Reliance’s power and presence across the country. </li></ul>Mukesh Ambani’s JioMart has been hailed as the next big thing in online <keyword id="1392240" type="PERSON" weightage="20" keywordseo="grocery-retail">grocery retail</keyword>. This, even as the sector sees tough competition from the likes of Amazon, Flipkart, Grofers, Swiggy, and BigBasket, with whom the Tata Group is reportedly in talks for a 50% stake. Analysts at Goldman Sachs expect JioMart to have a 50% market share of India’s online grocery segment by FY25. And here’s why they are bullish about the company’s growth. JioMart’s foray into areas others have refrained from Ambani’s e-commerce bet made a soft launch in December 2019 in select areas of Thane, Navi Mumbai, and Kalyan. But as the coronavirus lockdown began and the opportunities in e-grocery became more evident, JioMart was quick to act and expanded to over 200 cities. And this gives it an edge over others – its presence across India and offline-to-online approach by partnering with kirana stores. India’s kirana retail network of millions of stores remains the primary source of sales for grocery across the country. It has also become the object of fascination for the likes of Amazon, Flipkart. “India has 10 million kirana stores, which account for 90% of grocery retail. JioMart has already launched in more than 200 cities, leveraging Reliance Retail’s store network, with kirana partnerships across 20 cities,” said the Goldman Sachs report. JioMart’s expansion comes even as its competitors like Grofers and Swiggy have limited their presence. Grofers, which is present in 30 cities, sees most of its revenue come in from the top four or five cities. “Even Swiggy, which operates a food platform across 500 cities, mentioned it will restrict grocery to about 20 cities,” said the report. Barely a year old in the industry, JioMart is riding on Reliance’s power and presence across the country. India’s online grocery segment: The players <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Launch date </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Presence (no. of cities) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon Fresh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">August, 2019 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Flipkart Supermart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November, 2017 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Swiggy Stores </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">February, 2019 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BigBasket </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">October, 2011 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grofers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">December, 2013 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JioMart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">December, 2017 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">200+ </td></tr></tbody></table> JioMart’s downloads are surging JioMart’s availability in cities that the other apps don’t service during the nationwide lockdown also helped add to its popularity. During its first quarter (April-June) earnings report, Reliance had said that JioMart clocked big numbers during the lockdown – over 400,000 orders on a single day. In the second quarter, the company said that JioMart continues to scale-up rapidly with a consistent increase in daily customer orders. The Goldman Sachs report showed that the new app downloads for JioMart in recent weeks have been double than BigBasket and Grofers put together. <div type="image" title="Jiomart downloads." msid="79054710" hostid="261"></div> Even while the analysts at Goldman Sachs noted that downloads don’t necessarily translate to transactions on the app, they said, “it is an indicator of initial customer engagement, which can translate into future market share.” JioMart + WhatsApp integration boost? Another advantage lying on JioMart’s side is its possible integration with WhatsApp. During Facebook’s $5.7 billion investment in Reliance in April, it was clear that Reliance Retail would be leveraging WhatsApp’s existing large user base in India to reach out to new customers. In return, WhatsApp Pay’s possible integration with JioMart will give Facebook the much-needed kickoff for its payments feature. “RIL’s foray into the space leveraging its large ofﬂine distribution capabilities, and integration of ability to order groceries through WhatsApp, a platform with &gt;400 mn MAUs in India,” said the report about Reliance’s stronghold in grocery. Tapping newer avenues Meanwhile, JioMart is also expanding beyond groceries; it has recently forayed into fashion, consumer electronics. And it's experiments with fashion came right before the festive season – with Diwali around the corner. According to <a href="https://yourstory.com/2020/10/jiomart-subscription-milk-bread-deliveries-bengaluru-chennai">reports</a>, JioMart is also working on a subscription-based model for dairy delivery – quite similar to MilkBasket and Big Basket offerings. It's also <a href="https://timesofindia.indiatimes.com/business/india-business/jiomart-bets-on-private-labels/articleshow/78455174.cms">reportedly </a>working on private label offerings – a path that its peers in grocery BigBasket and Grofers have already taken up successfully. SEE ALSO: <a href="https://www.businessinsider.in/business/ecommerce/news/reliance-backed-ajio-is-riding-on-the-indian-e-commerce-wave-poses-tough-competition-to-myntra/articleshow/78996579.cms">Reliance-backed AJIO is riding the Indian e-commerce wave — poses tough competition to Myntra</a>

Here’s what gives JioMart an edge over its competitors, according to Goldman Sachs

New Delhi, Apr 7 () COVID-19 has spelt disaster for many sectors but one segment witnessing strong growth is ed-tech that has seen individuals - both school students and professionals - taking up online courses to study and enhance their skills amid the ongoing lockdown. BYJU'S, which is backed by investors like Tiger Global, has witnessed a 150 per cent increase in the number of new students, with over six million new students joining the app in the month of March. The company has recently introduced free 'Live Classes' on its platform to support students in their learning journeys. Similarly, upGrad - which offers online programmes for working professionals - has on boarded 4,000 learners in March, and now aims to double this to 8,000 in April. The ongoing economic slowdown has made working professionals somewhat skeptical of the job environment in 2020, and they are therefore looking at upgrading their skills and staying ahead in the professional spheres. Swathi Karanth, a learner from Bengaluru who enrolled on upGrad, said his concern when the lockdown was announced was whether he will have a job in the next three months. "I was told most companies would really tighten their belt over the next six months and only the better performers will survive," he added. The government, on March 24, had announced a complete lockdown in the country for 21 days to contain the spread of the coronavirus infection. While schools are shut, many of them have started conducting online sessions to ensure students do not get impacted. Similarly, many professionals have been asked to work from home to ensure business continuity. This also presents a growth opportunity for ed-tech platforms that can offer short-term courses to these professionals to help them enhance their skills. According to Debjani Ghosh, president of Nasscom, coronavirus has thrown up "exceptional challenges" across the world and industries. "While we continue to fight these challenges as a nation, amidst lockdown and remote working scenarios, it is extremely important that we continue harnessing our skill sets on emerging technologies to become future ready...we would encourage all stakeholders to use this opportunity of working from home to upskill themselves in the skills of the future," she added. The industry body has partnered Electronics and IT Ministry to launch an on-demand courseware on artificial intelligence. Similarly, TCS iON, a strategic unit of India's largest IT services firm Tata Consultancy Services, has announced a free, 15-day self-paced digital certification programme that has been specially designed for college students/working professionals to enhance their career skills by helping them effectively utilise the time at hand during this period of lockdown. SR SHWSHW

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