Hey, there!
It’s time to pay up👮♂️ for all those free movies you’ve been downloading⬇️! Encrypted messaging app Telegram is making a push toward monetization💰 - the company launched a premium tier (priced at $5-6 / month).
Although you may need to empty your pockets👛 now, fear not! as you will still be updated on the hottest happenings of the startup world by E-Cell IIT BHU’s newsletter for absolutely no cost whatsoever😉!
#primetime
Zomato’s stock tumbles after Blinkit acquisition!
On 24th June 2022, Zomato’s board approved the acquisition of quick commerce startup Blinkit (formerly Grofers) for INR 4,447 Cr🤑 in an all-stock deal. Zomato will tackle Swiggy’s Instamart, Zepto, and other well-funded players in the quick commerce market🛒.
Macro trends indicate a shift to unplanned and spontaneous purchases. Compared to next-day delivery, 15-20 minute delivery⏩ witnessed 2.4x growth in app open-to-order ratio
Quick commerce is a natural extension of the food delivery business as it is also a hyperlocal business catering to the needs of quick delivery
Grocery is the hook🪝 for quick commerce, which can later extend to personal care, electronics, pharma, etc.
However, the move has caused its stock to tank by over 20%📉 since the date of the announcement! Moreover, investors have written to SEBI accusing the company of late disclosure!! Analysts believe the acquisition will delay🕔 Zomato’s path to profitability, thus hurting🩸 the stock.
#quotethis
“Nobody has a monopoly on good ideas.”
― Kevin O’ Leary, Chairman of O’Shares Investment Advisers and Beanstox
#weeklyspecial
Crafting Awesome Elevator Pitch 🛗
📌 Step 1: Draw a diagram- Brainstorm important points that you want to highlight.
🎙️Step 2: Create a hook - Start with something that amazes the audience.
🤝🏻Step 3: Keep a good connection -Allow them to ask more about you.
💁♀️ Step 4: Be yourself - Embrace who you are and be authentic don’t exaggerate.
🦄Step 5: Insert something different & be positive - Catch your audience's attention.
🗣Step 6: Challenge yourself & rehearse - Practice delivering your pitch in a minute.
#youtubebinge
Ola - an Indian multinational ride-sharing company 🚗 founded by Bhavish Aggarwal and Ankit Bhati is one of the most revolutionary companies💡 in the Indian business ecosystem. However, the company has been in the news lately for all the wrong reasons😥.
From the resignation of top executives, the shutdown of its used cars and quick commerce wing to electric vehicle fires😱. This video deals with how this revolutionary company got into such deep trouble, and the challenges faced by Ola Cabs today😵💫.
#podcastworthlistening
Listen to how Amit Khatri, the CEO and Founder of Noise overcame challenges🥇 and scaled⬆️ their business over the years
That’s all for this week.
We will be back 🔙 again next week with exciting stories and more fun!
Goodbye👋👋, Happy reading 📖