HYPERLOCAL
Lighting lives beyond Diwali: How everyday Indians are making a difference through giving
An RBI officer, a Bengaluru retailer, a safari lodge owner and a 24-year-old money coach tell us how giving a little, steadily, lights someone else’s life, long after Diwali.
Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
Shadowfax revenue rises 57% in Q2, net profit jumps fivefold
Its total revenue, including other income, rose 58% YoY to Rs 1,558 crore in Q2 FY27. The Bengaluru-based company’s total expenses rose 53% YoY to Rs 1,490 core, driven by other expenses, employee benefits expenses and depreciation and amortisation costs.
BIG FM applies for six more news channels, acquires Sapphire Media’s news business
BIG FM has submitted a request to the Ministry of Information and Broadcasting for launching six news channels. This expansion aims to create a national news network combining traditional and digital broadcasting. The new channels will focus on timely reporting and hyperlocal content tailored for digital consumption. BIG FM's initiative is part of the broader ONE BIG WORLD media ecosystem.
Stocks in news: Reliance Industries, Eternal, IREDA, Yes Bank, Trent and Hindustan Zinc
Indian equity benchmarks experienced a decline as profit-booking occurred amid rising crude oil prices. The Nifty 50 dropped significantly, closing at 22,889 after disappointing corporate earnings. Reliance Industries aims to raise funds through its initial public offering today, which is highly anticipated. Other companies such as IREDA and Yes Bank reported mixed financial results for the quarter. Investors are closely monitoring these developments and their potential market impacts.
Snabbit reports net loss of Rs 168 crore, revenue of Rs 12 crore in FY26
Backed by investors including Nexus Venture Partners, Elevation Capital and Lightspeed, the Bengaluru-based company started operations in August 2024, making FY26 its first full year of operations.
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Juspay slips into losses in FY26 on AI investments; revenue rises 30%
In the fiscal year 2026, Juspay encountered a net loss of Rs 90 crore, attributed to substantial investments in artificial intelligence and GPU infrastructure. Despite this setback, revenue soared by 29%, totaling Rs 664 crore compared to the prior year. Looking ahead to FY27, Juspay is set to bolster its GPU technology investments.
E-commerce firms turn to AI to solve for Bharat during festive sales
From spotting trends before they become popular and predicting what consumers are likely to buy to personalising recommendations – AI is doing a bulk of the work behind the scenes.
Jefferies sees 76% upside in Kalyan Jewellers in bull case; here is why
Jefferies has reiterated a Buy rating on Kalyan Jewellers, setting a base target of Rs 830 and a bull-case target of Rs 1,000, implying a 76% upside. The brokerage highlighted market-share gains, store additions, and structural shifts to organised retail as primary long-term growth triggers for the stock.
Apple Pay lands in India; Google executive on AI's next big hurdle
Apple Pay has finally arrived in India, giving iPhone users a new way to make payments. This and more in today’s ETtech Top 5.
DoorDash opens first India Office, plans to scale tech, support team to 3,000
The company is starting with 500 professionals and plans to scale its headcount to more than 3,000 within next two years, a company release said.
Ecommerce firms scale logistics, hiring ahead of festive sales
Flipkart’s logistics arm Ekart has added 14 million cubic feet of warehousing space nationwide, increasing its storage capacity by 50%, the company said on Tuesday. The Walmart-backed company also added more than 900 delivery hubs to its last-mile network.
The 30-Minute Medicine Problem
How India's largest ePharmacy is building an in-house quick-commerce engine across cities and why moving medicines in under an hour is far more complicated than it looks
ETSA 2026: Emergent shifting focus from AI software to business automation, says CEO Mukund Jha
The company is testing agents that can remain active in the background, monitor business metrics and help with tasks such as cash-flow analysis, scheduling and social media management. More than half of its team is working on its core agent technology, he said.
Ashwini Vaishnaw on India’s chip push; Emergent's new AI bet
Happy Monday! The next set of investments under India’s semiconductor scheme are expected to begin in the next six months, IT minister Ashwini Vaishnaw told us. This and more in today’s ETtech Morning Dispatch.
AI at population scale: Rahul Chari’s charter for the next 300 million
At Global Fintech Fest 2026, PhonePe co-founder and CPTO Rahul Chari laid out an AI philosophy built on intent-led experiences, engineering scale and operational efficiency.
“Whether we leave anyone behind”: Sameer Nigam’s blueprint for PhonePe’s second decade
At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame?
PhonePe's Sameer Nigam unveils vision for next decade of financial inclusion at GFF 2026
PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and promoting financial inclusion. By eliminating obstacles like the necessity for smartphones or bank accounts, the company plans to facilitate broader access to digital finance. With innovative solutions like UPI 123Pay and UPI Circle, PhonePe is also making wealth building simpler through daily savings and investment choices, while enhancing credit availability and equipping merchants with advanced tools.
India's festive season promises strong show as quick commerce reshapes online shopping battle
India’s festive e-commerce season is expected to deliver healthy spending growth, with premium purchases coexisting with aggressive bargain-hunting. Quick commerce is expanding beyond groceries, non-metro India is driving online demand, and AI is increasingly shaping how consumers discover and buy products.
Social Impact Summit: India shifts focus to disaster resilience and mitigation
India is evolving from merely responding to disasters to focusing on mitigation and building resilience. This transformation emphasizes reducing adverse effects through strategic planning and enhancing community coping mechanisms. The Reliance Foundation spearheads numerous community-driven initiatives across multiple states, employing technology, including AI-driven risk management, to facilitate this essential shift. These innovations empower communities with the knowledge needed to safeguard their futures and adapt to changing environments.
ET Startup Awards 2026 | Comeback Kid: Mukund Jha returns stronger with AI bet
Emergent cofounder Mukund Jha has won the Comeback Kid award at the ET Startup Awards 2026, marking a return after the collapse of Dunzo. The jury recognised his second act with AI startup Emergent, which recently raised $230 million at a $1.5 billion valuation and built more than 12 million applications through its AI-powered platform.
Google Maps launches Air View+ in India; real time hyperlocal air quality info
This move is on account of the air pollution faced all around the world especially in Delhi where the air quality index reached a score of 491 which created a toxic environment halting the normal activities in the capital. This feature is expected encourage both the government and people to take action.
Zepto a ‘hyperlocal Walmart of India’, says CEO Aadit Palicha
Zepto, a quick commerce platform in India, raised $665 million in funding, valuing the company at $3.6 billion. The CEO sees Zepto as a hyperlocal Walmart focusing on groceries and household essentials. The company plans to expand its dark stores to 700 to compete with rivals like Blinkit and Swiggy Instamart. Zepto aims to capitalize on the massive market opportunity in the top 40 cities of India.
Hyperlocal delivery revolution: How shopping trends are changing the logistics industry?
For hyperlocal deliveries, speed is the core essence, where customers expect their deliveries within a few hours, if not minutes.
How hyperlocal marketing can be a gamechanger for SME's
Hyperlocal marketing will be the future for many businesses. Those who recognise this early will have an edge over competition.
Why I shut my startup: Founder of an erstwhile hyperlocal services startup opens up
The 31-year-old took it since he felt he needed a break. "It's easier now. Since it's an established company, processes are in place. Entrepreneurship is quite taxing, physically and emotionally.
With $4.4 bn investment across 1017 deals in 2016, the ups and downs of India's startup ecosystem
A key reason for the sharp decline is the fact that in 2015, sectors such as food, hyperlocal, ecommerce and taxis were the flavours of the year. In 2016, we have not seen any such sector favourites.
Hyperlocal delivery platform Daily Ninja raises pre-series round A funding
The round saw participation from angel investor Anupam Mittal and Kunal Shah of Freecharge, among others, according to LetsVenture.
Facebook testing hyperlocal services website in India
It works on the hyperlocal model, where services are catered to a local geographical area, and lets vendors upload business details through their FB page.
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