Swiggy, a leading food delivery platform in India, has recently increased its platform fee per order to Rs 17.58 from Rs 14.99, following a similar move by its rival Zomato. This adjustment comes as both companies heavily invest in expanding their quick-commerce businesses in a highly competitive market.
For Zomato’s parent company, Eternal, and Swiggy, food delivery remains a key revenue source. Despite the rising platform fees, the focus continues to be on growth and market expansion.
Meanwhile, Wispr Flow, an AI company, is making significant strides in the Indian market. Founder Tanay Kothari highlighted that India is the largest market for Wispr Flow in terms of both user engagement and paying subscribers.
On the funding front, EV maker Euler Motors has secured substantial investments totaling about Rs 1,900 crore ($229 million). The company plans to allocate Rs 400 crore towards research and development, tooling, new product development, and factory expansion, aiming to double its production capacity to 2,000 vehicles per month.
With the rapidly evolving landscape of AI and technology, India is witnessing a surge in global leadership roles. The country is forecasted to host around 30,000 leadership positions by 2030, propelled by advancements in AI technology.
Source: Tech-Economic Times