Thursday, December 25, 2025
Home Blog Page 168

UPI Wars: PhonePe Rockets Past $140 Billion, Leaving Google Pay & Paytm in the Dust

0
Image of UPI
UPI Wars: PhonePe Rockets Past $140 Billion, Leaving Google Pay & Paytm in the Dust

PhonePe has firmly cemented its position at the top of India’s digital payments landscape, recording an impressive 798.4 crore UPI transactions in December 2024, a notable increase of 7.8% from 740.1 crore transactions in November. 

The platform, owned by Walmart, handled transactions worth ₹11.76 lakh crore in December, up from ₹10.88 lakh crore the previous month. With over 47% of total UPI transactions and half of the overall transaction value, PhonePe continues to dominate the sector.

Continue Exploring: Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

Trailing behind, Google Pay held 37.22% of the market in terms of UPI transaction volume. It processed 614 crore transactions in December, up from 573 crore in November, showcasing steady growth in user activity.

Paytm remained the third-largest UPI player, though its market share dipped slightly from 7.03% in November to 6.97% in December. Despite this, it saw a modest rise in transaction volume, hitting 115 crore transactions compared to 107 crore in the prior month.

Meanwhile, Navi, led by Sachin Bansal, continued its upward climb. The app’s market share edged up to 1.02% in December, with 20.25 crore transactions, up from 15.2 crore in November, signaling increasing adoption among users.

Continue Exploring: Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

The UPI ecosystem as a whole reached new heights, clocking a record 1,673 crore transactions in December 2024, an 8.08% rise from November’s 1,548 crore. The value of these transactions also grew by 7.9%, hitting ₹23.25 lakh crore compared to ₹21.55 lakh crore the previous month, according to data from the National Payments Corporation of India (NPCI).

This growth has been fueled by continued support for the fintech sector. The Reserve Bank of India (RBI) recently raised the wallet limit for UPI Lite

Advertisement

Puma Courts PV Sindhu: A $57M Partnership to Dominate India’s Badminton Boom

0
Image of puma
Puma Courts PV Sindhu: A $57M Partnership to Dominate India’s Badminton Boom

Indian badminton champion PV Sindhu has made history by becoming the first-ever badminton athlete to collaborate with Puma India. On January 13, the two-time Olympic medalist signed a multi-year deal with the German sportswear giant, marking a significant milestone in both her career and Puma’s expansion into badminton.

Continue Exploring: Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

Sindhu, already a trailblazer as the first Indian woman to win two Olympic medals, joins a distinguished list of Puma athletes, including cricket star Harmanpreet Kaur and football legend Neymar Jr. Through this partnership, Puma India aims to tap into the fast-growing badminton fanbase in India, which boasts 57 million followers.

This move into badminton is a strategic step for Puma, as it strengthens its foothold in India’s evolving sports market. With a focus on performance wear, Puma India expects this collaboration to drive growth and enhance its brand presence in the country, doubling its current pace.

Continue Exploring: Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

The partnership will kick off during the India Open 2025 in New Delhi, where Sindhu will showcase the first fruits of this dynamic collaboration, paving the way for the future of badminton in India.

Advertisement

Boba Bhai’s ₹30 Cr Bet on K-Pop Burgers and Bubble Tea Takes the QSR World by Storm

0
Image of boba bhai
Boba Bhai’s ₹30 Cr Bet on K-Pop Burgers and Bubble Tea Takes the QSR World by Storm

Bengaluru-based QSR brand Boba Bhai, known for its bubble tea and unique food offerings, has raised ₹30 crore (approximately $3.4 million) in a Series A funding round led by 8i Ventures. The round also saw support from existing investors, including Titan Capital Winners Fund, Global Growth Capital, and DEVC, among others.

The fresh capital will be used to expand into new cities such as Pune and Ahmedabad, scale up operations, introduce Korean-inspired menu items, and create new sub-brands. With this latest round, Boba Bhai’s total funding now stands at ₹42.5 crore (around $4.9 million).

Continue Exploring: Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

Founded in 2023 by Dhruv Kohli, Boba Bhai has quickly made a mark with its 45 bubble tea flavors and K-Pop-inspired burgers infused with an Indian twist. The startup operates in nine cities, including Bengaluru, Hyderabad, Mumbai, Delhi, and Chennai, and plans to double its footprint by opening over 150 stores by the end of the year.

The company initially raised ₹12.5 crore in April 2024 from Titan Capital, Global Growth Capital UK, and a lineup of prominent investors such as V3 Ventures cofounder Arjun Vaidya, Warm Up Ventures, Razorpay’s founders’ fund Marsshot VC, Mamaearth cofounder Varun Alagh, and PeerCheque.

Continue Exploring: Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

In its first six months, Boba Bhai achieved revenues of ₹8 crore, a testament to its rapid growth. Founder Dhruv Kohli attributed the success to the brand’s focus on innovation, quality, and customer satisfaction.

“Over the past nine months, we’ve experienced remarkable growth, which reflects our dedication to delivering unique and high-quality experiences to our customers. With the backing of our investors, we’re excited to scale further, introduce new products, and establish Boba Bhai as the top choice for India’s next generation of QSR consumers,” Kohli said.

Advertisement

Blue Tokai’s Bold Brews, Swiggy’s Lightning Speed – Coffee Just Got Quick!

0
Image of swiggy
Blue Tokai’s Bold Brews, Swiggy’s Lightning Speed – Coffee Just Got Quick!

Swiggy has teamed up with Blue Tokai Coffee Roasters to bring premium coffee options directly to your doorstep through its SNACC app. With a promise to deliver your favorite brew in as little as 15 minutes, this new partnership is set to elevate your coffee break.

Continue Exploring: Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

Users can now enjoy a selection of Blue Tokai’s finest drinks, including Americano, Cappuccino, Flat White, Iced Americano, Latte, and even a Vietnamese-inspired Iced Coffee, all available via SNACC.

“This is only the start,” said Satheesh Raman, Business Head of SNACC. “We’re committed to partnering with brands that share our vision of delivering top-quality products to our customers and expanding our ecosystem.”

SNACC, Swiggy’s standalone app, focuses on delivering food and beverages in 10 minutes or less. This is Swiggy’s second major push into the rapid delivery game, following the launch of Bolt in October 2024. The market has become highly competitive, with players like Zomato, Blinkit, and Zepto all making bold moves.

Raman emphasized that in today’s fast-paced world, customers crave quick, easy, and hassle-free solutions to their needs. After revolutionizing food delivery with Swiggy and Bolt, SNACC aims to make daily life even more convenient, positioning itself as the go-to app for quick snacks, beverages, and healthy options.

Continue Exploring: Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

Shivam Shahi, Co-Founder and COO of Blue Tokai, echoed this sentiment, saying, “We know that coffee lovers want speed, convenience, and quality. With SNACC, we’re excited to meet those needs and enhance the experience for today’s fast-moving customers.”

Advertisement

The End of a Retail Era: Neville Noronha Checks Out, Anshul Asawa Checks In

0
Image of DMart
The End of a Retail Era: Neville Noronha Checks Out, Anshul Asawa Checks In

DMart’s long-serving Managing Director and CEO, Neville Noronha, will step down from his role in January 2026, parent company Avenue Supermarts announced in a stock exchange filing on Saturday.

Noronha, who has been with the company since 2004, decided not to renew his contract, bringing an end to a remarkable journey of over two decades with the retail giant.

Continue Exploring: Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

Reflecting on his tenure, Noronha said, “It has been an incredible privilege to serve this business. I am deeply thankful to the early leadership team, especially those who believed in the DMart vision and stood by it for years.”

Sharing his thoughts on the company’s future, Noronha added, “DMart has a long runway for growth if we continue to prioritize simplicity, cost efficiency, employee satisfaction, and delivering unmatched value to our customers. Staying true to these principles will keep the business relevant for decades to come.”

Continue Exploring: Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

C.B. Bhave, Chairman of Avenue Supermarts, praised Noronha’s leadership, saying, “Neville was a visionary leader who never lost sight of the details. For him, growth and profitability were not goals in themselves but outcomes of a business rooted in fairness, efficiency, and a relentless focus on customer value.”

Advertisement

Fizzing Up Leadership: Nitin Bhandari Joins PepsiCo as Beverages Head

0
Image of pepsico
Fizzing Up Leadership: Nitin Bhandari Joins PepsiCo as Beverages Head

Nitin Bhandari, a long-time executive at PepsiCo India, has been appointed to lead the company’s beverages division in India and South Asia. 

He will take over the reins from George Kovoor, who is set to retire on March 31, 2025, after announcing his decision in December 2024.

Continue Exploring: Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

PepsiCo India, the maker of popular drinks like Pepsi, Mountain Dew, and Tropicana, confirmed the leadership change. “George Kovoor has decided to retire from PepsiCo, effective March 31, 2025, to explore other opportunities. Nitin Bhandari will step in as the general manager for beverages in India and South Asia,” a company representative shared with ET.

Continue Exploring: Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

The leadership shift comes as the soft drinks industry faces heightened competition, particularly with summer just around the corner. While PepsiCo’s bottling operations in India are handled by its franchisee partner, Varun Beverages Ltd (VBL), rival Coca-Cola is gearing up for its next phase of expansion. In a major move last month, the Jubilant Bhartia Group acquired a 40% stake in Hindustan Coca-Cola Beverages (HCCB), Coca-Cola India’s bottling partner, for ₹12,500 crore.

Advertisement

Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

0
Image of blinkit CEO
Ethics Over Earnings: Blinkit’s Albinder Dhindsa Takes a Stand Against Data Games

Following reports that the National Restaurant Association of India (NRAI) may approach the Competition Commission of India (CCI) to raise concerns about the rise of standalone 10-minute food delivery apps, Blinkit CEO Albinder Dhindsa took to social media to clarify the company’s position. He emphasized that Zomato, Blinkit’s parent company, has no intention of launching private brands to compete with its restaurant partners on the main app.

Dhindsa further explained that Zomato would not be using its platform to promote its new 10-minute food service, Bistro. While acknowledging that this decision could be costly, he firmly stated that maintaining ethical business practices takes precedence over financial considerations.

Continue Exploring: Emami Targets Rs 1,000 Crore in Male Grooming with ‘Smart and Handsome’ Rebrand

This statement came in response to concerns raised by Sagar Daryani, president of the NRAI, who criticized foodtech companies for withholding customer data from restaurant partners. Daryani argued that while food delivery giants have access to valuable consumer insights, they do not share this information with the restaurants, which rely on it for their business strategies.

In his response on X, Dhindsa reassured the industry by stating, “The companies we work with on Bistro also collaborate with a number of restaurants. Our success with Bistro can bring significant value to the entire food and restaurant ecosystem.” He further clarified that Bistro operates as a separate app, distinct from Blinkit and Zomato, and is currently available in select areas of Gurugram as part of the process to find the right product-market fit.

Continue Exploring: NRAI Considers Legal Action Against Zomato and Swiggy Over Anti-Competitive Practices

The controversy comes at a time when both Zomato and Swiggy have launched 10-15 minute food delivery services—Zomato’s Bistro and Swiggy’s Snacc. The NRAI has voiced concerns that these services might be steering customers away from restaurant partners by leveraging valuable consumer data. The association has also lobbied the government to grant the food services sector industry status, which they believe would protect restaurants, delivery partners, and consumers from potentially exploitative practices by foodtech platforms.

Previously, the NRAI accused food delivery companies of engaging in anti-competitive behavior, citing issues like bundled services, high commission fees, delayed payments, and one-sided contract terms.

Advertisement

Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

0
Image of fair & handsome
Fair And Handsome Gets a Makeover: Emami Unveils ‘Smart And Handsome’ with Kartik Aaryan

Emami Ltd has unveiled a major overhaul for its men’s grooming brand, Fair And Handsome, which is now rebranded as Smart And Handsome. To spearhead this new chapter, Bollywood actor Kartik Aaryan has been roped in as the brand’s ambassador. 

The revamped brand identity, under the new tagline “Har Roz Handsome Code,” reflects the company’s commitment to providing effective grooming solutions that help men feel confident and enhance their overall personality.

Continue Exploring: Emami Targets Rs 1,000 Crore in Male Grooming with ‘Smart and Handsome’ Rebrand

The new positioning focuses on a more holistic approach to male grooming, aiming to cater to face, body, and hair care needs. According to Mohan Goenka, Vice Chairman of Emami Ltd, the company sees a significant opportunity to address the evolving grooming preferences of modern, young men. The rebranding from Fair And Handsome to Smart And Handsome is based on deep consumer insights that reveal a shift in what today’s men want—products that reflect individuality, confidence, and natural skin health.

This transformation is a strategic move, tapping into a growing demand for versatile, all-encompassing grooming solutions. Young men are increasingly looking for products that not only address traditional concerns like hydration and oil control but also promote overall skin health. 

Continue Exploring: NRAI Considers Legal Action Against Zomato and Swiggy Over Anti-Competitive Practices

With these shifting expectations, Emami aims to position Smart And Handsome as a one-stop grooming solution that resonates with the dynamic needs of the millennial and Gen Z demographic.

Advertisement

Zing: The New Startup Bringing Speed and Quality to Food Delivery in 10 Minutes”

0
Image of zing
Zing: The New Startup Bringing Speed and Quality to Food Delivery in 10 Minutes

Back in 2008, few could have imagined how Zomato would completely redefine the way Indians order food. Fast forward to 2014, and Swiggy entered the scene, turning the simple act of ordering food into an integral part of modern living.

Now, more than a decade later, the food delivery landscape in India is once again on the brink of a transformation. This time, the focus isn’t just on convenience but on instant gratification. The race to deliver meals in record time—10 to 15 minutes—is heating up, and startups are sprinting to meet this growing demand.

Continue Exploring: NRAI Considers Legal Action Against Zomato and Swiggy Over Anti-Competitive Practices

What began as a niche offering has become a booming market. India’s quick delivery sector, which includes these food-tech innovations, is projected to grow from $3.3 billion in 2024 to a staggering $9.9 billion by 2029. Established giants like Zomato and Swiggy have already embraced the trend, rolling out super-fast delivery options. But the space is getting crowded with ambitious newcomers eager to carve their niche.

Take Bengaluru-based Swish, for example. This startup has entered the fray with a promise to deliver fast-food favorites within 10 to 15 minutes via its dedicated app. Meanwhile, Gurugram-based Zing is making waves with a slightly different approach. Launched in November 2024 by Tarun Arora and Rachit Sahi, Zing has built a hyper-local network of cloud kitchens strategically located close to its customers.

Continue Exploring: Emami Targets Rs 1,000 Crore in Male Grooming with ‘Smart and Handsome’ Rebrand

By focusing on speed and efficiency, Zing has optimized its menu to feature high-demand dishes that are easy and quick to prepare. This strategy allows the startup to slash delivery times while maintaining quality.

As the competition intensifies, it’s clear that India’s food-tech industry isn’t just adapting to customer expectations—it’s shaping them. With these innovations, the next revolution in food delivery is already here, and it’s happening faster than ever before.

Advertisement

Zepto Café Rockets to 50,000 Daily Orders in Just Four Weeks

0
Image of zepto
Zepto Café Rockets to 50,000 Daily Orders in Just Four Weeks

Aadit Palicha, co-founder and CEO of Zepto, recently shared an exciting update on LinkedIn about the rapid growth of Zepto Café, the company’s 10-minute food delivery service. Launched just a month ago with its own dedicated app, Zepto Café has grown from processing 30,000 orders a day to crossing the 50,000 orders/day mark—a staggering 60% month-on-month growth.

In his post, Palicha highlighted not just the numbers but the momentum behind the success. He emphasized that customer retention has remained strong despite the steep scaling efforts. This level of growth, coupled with repeat customers, speaks volumes about the service’s appeal and reliability.

Zepto Café Hits a Milestone: 50,000 Orders a Day in Just Four Weeks

Reflecting on the journey, Palicha likened the evolution of Zepto Café to the early days of Zepto itself. “It’s reminiscent of our first steps three years ago,” he noted, recalling a time of relentless growth, undeniable product-market fit, and the energy of a dedicated team driving the mission forward.

For Palicha, Zepto Café represents more than just a business milestone—it’s a glimpse into the future of Indian Q-commerce (quick commerce) and consumer internet. With its ability to deliver freshly prepared meals in under 10 minutes, Zepto Café is carving out a niche in the market, setting itself apart from traditional food delivery models.

Continue Exploring: NRAI Considers Legal Action Against Zomato and Swiggy Over Anti-Competitive Practices

“The growth feels transformative,” he wrote, expressing optimism for the road ahead. “I believe this is the next big innovation in Indian Q-commerce.”

Palicha also credited the success to the team behind Zepto Café, whose execution and drive have been instrumental in scaling operations so rapidly. The vision seems clear: not just meeting demand, but exceeding customer expectations with speed, quality, and consistency.

Continue Exploring: Emami Targets Rs 1,000 Crore in Male Grooming with ‘Smart and Handsome’ Rebrand

Zepto, a company that began as a grocery delivery service promising quick turnarounds, has continued to push boundaries in the consumer space. With Zepto Café gaining momentum, Palicha’s belief that the company is “just getting started” feels less like ambition and more like a promise.

This milestone is a clear signal: Zepto is not merely riding a trend—it’s shaping the future of how India eats and shops.

Advertisement