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News on Medial
Qcomm fires up discounts with rivals getting quicker
Economic Times
·
1m ago
Medial
The proliferation of quick commerce platforms like Amazon and Flipkart has led to intense discounting, reaching 20-25% on maximum retail prices across various categories. This increase in competition within a crowded market has made price differentiation crucial, causing cash burn to intensify. In this rapidly evolving sector, platforms are offering steep discounts on essentials like dairy and groceries to attract customers, as indicated by various insiders familiar with the industry.
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Quick commerce fires up record discounts with rivals getting quicker
Economic Times
·
1m ago
Medial
The quick commerce sector in India, dominated by players like Blinkit, Zepto, and Swiggy's Instamart, is experiencing intense competition with new entrants like Flipkart and Amazon. This rivalry has led to record-high discounts across platforms and significant cash burn, particularly in personal care and packaged goods. Despite increasing losses, firms are prioritizing market share and expansion in tier-II and III cities. Analysts project the market, currently valued at $8 billion, to grow significantly by 2030.
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Chegg fires 441 employees
ABPLive
·
1y ago
Medial
American education technology company Chegg, which also has operations in India, fired 441 employees which represent 23% of the company's global workforce. "We executed a restructuring effort, a major step in my plans to refocus Chegg and return to subscriber and revenue growth," Chegg President and CEO Nathan Schultz said. Chegg expects to save up to $50 million with restructuring.
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Companies reduce reporting time by 80%
Inshorts
·
2m ago
Medial
Organisations like Apollo Tyres and Dulux have reported up to an 80% reduction in reporting time using Intellsys.ai. By intelligently automating data analysis and report generation, marketing teams can make quicker, smarter decisions, significantly improving efficiency and accelerating overall performance.
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QSR brands riding on qcomm wave with customised offerings
Economic Times
·
4m ago
Medial
Quick service restaurant (QSR) brands like Wow Momo, Chaayos, and Blue Tokai are expanding their presence on quick commerce platforms such as Blinkit and Swiggy Instamart. They offer customized versions of popular products to leverage growing demand for instant delivery. Founders report rapid sales growth, with quick commerce now a significant sales channel. This trend mirrors that of large FMCG companies, as QSR brands capitalize on quick commerce amidst sluggish growth in traditional food delivery.
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Flipkart Big Shopping Utsav 2024 Sale announced: Date, top deals, offers, more
Livemint
·
10m ago
Medial
- Flipkart's Big Shopping Utsav 2024 sale begins on October 9, offering significant savings on mobile phones and electronic devices. - Top brands like Apple, Samsung, Vivo, and Google will have smartphones with heavy discounts, including the iPhone 15, Samsung Galaxy S23, Google Pixel 8, and Motorola G85 5G. - Discounts can reach up to 80% off on select models, with prices as low as ₹12,499 for the CMF Phone (1) with 6GB RAM and 128GB storage. - Customers can benefit from exchange schemes, coupon discounts, and an instant 10% discount on select bank purchases. Flipkart Axis Bank credit card holders get 5% cashback on certain mobile phone purchases. - The sale will run until October 13, with discounts on personal gadgets, home entertainment systems, and large household appliances, including up to 80% off. Flexible payment options and credit benefits are available, including no-cost EMIs and up to ₹1 lakh credit limit for Pay Later users.
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DeepSeek reveals theoretical margin on its AI models is 545%
Economic Times
·
5m ago
Medial
Chinese AI startup DeepSeek disclosed its theoretical profit margin could surpass five times its costs, despite actual revenues being lower due to limited monetized services and off-peak discounts. While claiming a 545% profit margin, reality includes unaccounted costs like R&D. This transparency contrasts with rivals’ secrecy and emerges amid investor scrutiny of AI startups’ profitability. DeepSeek optimizes computing via balanced traffic load and open-source sharing, challenging proprietary models of competitors like OpenAI.
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Krafton-backed Loco fires 40 employees
Inc42
·
1y ago
Medial
Game streaming platform Loco, backed by Krafton, has announced the layoff of around 36% of its workforce, constituting about 40 employees. The founders mentioned this as part of the company's restructuring plan while expressing their intentions to expand globally. Loco aims to focus on transaction-based monetization and core objectives in order to streamline operations and attain a leaner cost structure. The Mumbai-based start-up raised $42 million in its Series A funding round last year. India has a significant gamer base of 568 million, with 25% being paying users.
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Apple’s challenge in China rises with new rival phones and AI delay
Livemint
·
11m ago
Medial
Chinese rivals are putting pressure on Apple by selling smartphones with advanced features that are not available on iPhones in China. Chinese consumers are not getting the latest AI services offered by Apple's competitors, such as Huawei, Honor, and Oppo. This delay in providing AI services in China puts Apple at a disadvantage and has led to declining iPhone sales in the country. Additionally, Apple's commission charges for app developers have caused backlash and are being scrutinized by regulators globally. Apple is currently negotiating commission practices with Tencent and ByteDance.
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'Insta Maids' is now 'Insta Help': Urban Company changes qcomm service name after netizens react
Economic Times
·
4m ago
Medial
Urban Company has renamed its 15-minute house-help booking service from ‘Insta Maids’ to ‘Insta Help’ after facing backlash on social media and criticism from employee unions over its work model. The name change reflects a commitment to dignity and respect, aiming to uplift the traditionally unorganised industry. Despite offering earnings up to Rs 150-180 per hour, criticisms highlight issues like the low starting rate and exploitation of gig workers, questioning the service's impact on working conditions.
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Amazon Diwali Sale is LIVE: Grab more than 80% on tablets and accessories
Livemint
·
9m ago
Medial
The Amazon Great Indian Festival Sale is offering exciting discounts on tablets and accessories just in time for Diwali. Customers can enjoy up to 71% off on budget tablets, up to 50% off on premium tablets, and up to 79% off on tablet styluses. Additionally, there are discounts of up to 71% on tablet keyboards, up to 78% on tablet cases, and up to 85% on tablet stands. Whether you're looking for an affordable device or high-end tablet, there are great deals available for everyone to enhance their digital experience.
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