As more and more traditional brick-and-mortar companies look at adapting themselves to an increasingly digitised world, Kalyan Jewellers’ Ramesh Kalyanaraman tells YourStory how his company plans to clock Rs 25,000 crore revenue by 2025.
Young India has been on the move for a while now. More than ever before, Indians are moving out of their homes and away from their hometowns for either college or work. We may have PGs and hostels and apartments on rent, but now we have co-living. When Nestaway started in 2015, there were hardly, if any, players in the sector. Today, there are over a dozen. After all, a $93 billion market opportunity is hard to let go of!
It all started with a picture that the foodtech unicorn recently shared on its social media platform, of a scene outside Hyderabad’s Bawarchi. Known to be one of the iconic biryani joints in town, it receives an insane amount of orders daily. To put it in perspective, Bawarchi receives a whopping 2,000 biryani orders every single day. “Which restaurant from your city deserves this kind of a queue?” the online food delivery platform asked, adding a cheeky post in the same thread.
Thinktank NITI Aayog and the Rocky Mountain Institute (RMI) have launched a report detailing the oil and carbon savings electric vehicles under FAME II could deliver. In fact, EVs sold through 2030 could cumulatively save 474 million tonnes of oil equivalent worth Rs 15 lakh crore and generate net carbon dioxide savings of 846 million tonnes over their operational lifetime.
Fintech startup Eduvanz Financing has raised $2 million in a pre-Series A round, from Unitus Ventures and the Michael and Susan Dell Foundation. The company will be using the freshly raised funds to expand their geographies to more than 30 cities across India, including in Hyderabad, Delhi NCR, Bengaluru, Jaipur and Chennai, amongst others.
The used phones market is actually growing 4-5x faster than the overall smartphone market. In India, there is a huge unmet demand for pre-owned smartphones, making it one of the fastest-growing markets for refurbished handsets in the world. And riding this ‘reverse commerce’ or recommerce wave is Bengaluru-based Budli.in.