Deepsekhar Choudhury Profile
Deepsekhar Choudhury

@deepsekharc

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मसरूफ़ ज़माना मेरे लिए क्यों क्क़्त अपना बरबाद करे? Tech journalist @moneycontrolcom

New Delhi, India
Joined May 2016
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@deepsekharc
Deepsekhar Choudhury
2 years
Why isn't @Number10cat there to give him a warm reception?
@ANI
ANI
2 years
#WATCH | Rishi Sunak appointed new British PM by King Charles III, arrives at 10 Downing Street (Video source: Reuters)
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@deepsekharc
Deepsekhar Choudhury
1 year
Peak bear market phenomenon #finfluencers
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@deepsekharc
Deepsekhar Choudhury
3 years
"A lot of times, youngsters from small towns think it is important to drink or smoke so as to fit in. I would like to tell them not to fall for that. Put all your energies into building an incredible company," @vijayshekhar told @alnehaa and me #Paytm
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@deepsekharc
Deepsekhar Choudhury
2 months
IT minister @AshwiniVaishnaw shows his professor's instincts at a press briefing on 3 major semiconductor projects worth Rs 1.26 lakh crore approved by Cabinet today. Here he is explaining how India's chip design, ATMP and fab ecosystems will come together Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
1 year
@debarghya_das Nice thread, Debarghya! Taking the opportunity to plug the link of a @moneycontrolcom story that reported all of it last week. News gathering is hard... would appreciate it if you can post the link when you tweet stuff from any publication. Thanks!
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@deepsekharc
Deepsekhar Choudhury
1 year
Was waiting for *tumko paya hain toh jaise khoya hoon* to start playing in the background @iamsrk #Pathaan
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@deepsekharc
Deepsekhar Choudhury
2 years
"The thrill of RRR is not the density of its storytelling, though—it’s the exuberance of it... If wonder is to be consistently found on the big screen, then Hollywood has plenty of new lessons to learn from its best competitor."
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@deepsekharc
Deepsekhar Choudhury
11 months
👀👀Only 3 board members remain in Byju's: 1) Byju Raveendran himself 2) Divya Gokulnath (wife of Byju Raveendran) 3) Riju Raveendran (brother of Byju Raveendran)
@chandrarsrikant
Chandra R. Srikanth
11 months
BREAKING: 3 board members resign from Byjus, due to differences in the way the business is being run. GV Ravishankar - Peak XV Russell Dreidenstock - Prosus Vivian Wu- Chan Zuckerberg @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
4 years
Ola is subtitled as Uber in Choked. So mindfucked that I have paused the movie to write this tweet. Intended as two product placements simultaneously? Has SoftBank financed the movie? @anuragkashyap72 @NetflixIndia
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@deepsekharc
Deepsekhar Choudhury
2 years
Expected 32 lakh weddings till 14th December and a trade of about Rs 3.75 lakh crore *In Delhi alone, 3.50 lakh weddings to be solemnised and a volume of Rs 75 thousand trade is expected in Delhi* ^ Projections by @praveendel of traders' body CAIT
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@deepsekharc
Deepsekhar Choudhury
2 years
Byju's has settled Rs 2,830 crore of payments for the billion-dollar Aakash deal and is yet to pay around Rs 4,000 crore. And Rs 2,000 crore is due in 8 days, according to auditing firm #Deloitte Here are few other red flags the auditor highlighted 🧵🧵
@patwardhannn
Nikhil Patwardhan
2 years
🚨Byju's has a week left to pay Blackstone Rs 2,000 crore for Aakash deal A 🧵 @chandrarsrikant @deepsekharc
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@deepsekharc
Deepsekhar Choudhury
6 months
Disgruntled Byju's employee's email to journalists, govt officials
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@deepsekharc
Deepsekhar Choudhury
2 years
What is #ONDC all about? How does it seek to disrupt e-commerce disruptors like Amazon, Flipkart, Swiggy, Zomato? 🔮🔮Re-plugging our deep-dive explainer on everything @ONDC_Official
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@chandrarsrikant
Chandra R. Srikanth
2 years
🚨 BIG: In what is expected to be the first big test for Open Network for Digital Commerce or ONDC, it is set to go live for users at 16 pin codes of Bengaluru today. More than 200 grocery stores and restaurants have been onboarded @deepsekharc
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@deepsekharc
Deepsekhar Choudhury
2 years
Unacademy CEO moonlighting as Twitter PM? 😄
@gauravmunjal
Gaurav Munjal
2 years
@elonmusk @MrBeast - Share Ad Revenue with Creators (Instagram and TikTok don’t do that) - Introduce Categories / right now it’s too focused on Entertainment - Allow engagement / Polls within the videos would be awesome / and more features like that
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@deepsekharc
Deepsekhar Choudhury
1 year
India is set to bring a billion Indians online by 2025, says Google India head Sanjay Gupta @chandrarsrikant @tsuvik #GoogleForIndia 2022
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@deepsekharc
Deepsekhar Choudhury
4 years
. @swiggy_in I appreciate how you send former heads of states to deliver my food.
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@deepsekharc
Deepsekhar Choudhury
1 year
Now who did this? 😂
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@deepsekharc
Deepsekhar Choudhury
11 months
🚨🚨Over the last 2 weeks, @moneycontrolcom had multiple conversations regarding artificial intelligence with #Zerodha chief technology officer Kailash Nadh Zerodha is the first Indian company we know to have an #AI policy on jobs. Incidentally, Nadh has a PhD in AI 🧵🧵(1/n)
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@deepsekharc
Deepsekhar Choudhury
1 year
📢Amid #funding winter, data from Zapkey shows that 11 #startup founders and executives bought houses worth a total of Rs 507 crore this year 🧵 via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
5 months
🚨🚨IT & Electronics Minister @AshwiniVaishnaw inaugurates a new Dixon smartphone mfg facility in Noida that will produce #Xiaomi handsets. Investment: Rs 256 crore Capacity: 25 Mn units per year Via @moneycontrolcom @chandrarsrikant
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@deepsekharc
Deepsekhar Choudhury
2 years
@johankilam @CMShehbaz moonlighting ka zamana hain janab.
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@deepsekharc
Deepsekhar Choudhury
2 years
This graph seems to suggest that India's democracy was at the same level in 2020-21 as it was in 1977-78 (the year of emergency). 🙃 We must all have the opportunity to take a sip of what these 'experts' are enjoying
@TVMohandasPai
Mohandas Pai
2 years
So long as the Indian public, the real sovereigns of India, are happy with their democracy, who are these fake experts to judge us? What competence do they have? @jsaideepak @MRVChennai @ARanganathan72 can they judge 17% of the world sitting in their holes? @anuraag_saxena
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@deepsekharc
Deepsekhar Choudhury
1 year
@debarghya_das The top 1,000 are the brightest and even get the best education in next 4 years. But where do they disappear? 70k of them since 1950. Very few known contributors like AKS Primality to society (fewer if you take out non-engg outcomes like Shiraz Minwalla, Kejriwal, D Subbarao)
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@deepsekharc
Deepsekhar Choudhury
4 months
🚨🚨 I was cautioned that Byju’s would swallow us, says #Coursera CEO Jeff Maggioncalda  Valuations then: Coursera: $4.3 B Byju’s: $15 B (went up to $22 B at peak) Valuations now: Coursera: $2.9 B Byju’s: $1 B Who had the last laugh? @chandrarsrikant
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@deepsekharc
Deepsekhar Choudhury
2 years
Big For Startups, VCs, ESOPs; Long term capital gains tax on unlisted shares of companies to be brought down from 37% to 15% which is the current LTCG on listed equites, says FM @nirmak #Budget2022 #BudgetForStartups
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@deepsekharc
Deepsekhar Choudhury
2 months
Wrapping up #GTC24
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Deepsekhar Choudhury
1 year
This just happened. I was dining alone at a dhaba... Couple comes and sits on the same table coz no space. We chit chat a bit. As I am leaving, guy asks me how was my Valentine's day. I mean, dude...
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@deepsekharc
Deepsekhar Choudhury
3 months
🚨🚨 #BREAKING Just before Budget, govt issues notification on slashing import duty on mobile phone spare parts from 15% to 10%. This move is expected to make made in India mobile phones more competitive for exports. @chandrarsrikant
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@deepsekharc
Deepsekhar Choudhury
2 years
Starting with #Amazon , every large #ecommerce platform has tried to be an 'everything store.' With the tech ecosystem attracting hundreds of billions in funding, that ambition also expanded to becoming a 'super app' like #WeChat or GoTo Long thread 🧵🧵 (1/n)
@chandrarsrikant
Chandra R. Srikanth
2 years
🚨 The ONDC explainer I've been waiting for! Understanding ONDC, the open network billed to be the UPI of e-commerce @deepsekharc breaks it down really well 👇👇
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@deepsekharc
Deepsekhar Choudhury
11 months
🚨🧵Paytm’s ESOP cost jumps 80% in FY23, while other new-age peers see such expenses reduce in double-digit figures (1/n)
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@deepsekharc
Deepsekhar Choudhury
1 year
🧵📢Amid the funding winter that has gripped the startup ecosystem, #Chennai has thrown up a surprise. >> The city's #startups raised $1,5 billion in 2022, crossing the billion-dollar mark first time ever in a year. >> Delhi-NCR has been the worst-hit by the funding crunch
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@deepsekharc
Deepsekhar Choudhury
11 months
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@tsuvik
Vikas SN
11 months
🚨 New: Google is launching an accelerator for ONDC, says Google Pay VP Ambarish Kenghe ( @kenghe )
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@deepsekharc
Deepsekhar Choudhury
6 months
Virat Kohli also managing crowd is the coolest thing #BleedBlue 💙
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@deepsekharc
Deepsekhar Choudhury
6 months
Don't get people wishing for a good game. I love cricket, but I want Aus to get a drubbing tom Still scarred by memory of the never ending first over by ZaK. And Sachin mistiming that McGrath ball I want that devastation to happen to Aus Good night and best wishes, everyone!
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@deepsekharc
Deepsekhar Choudhury
9 months
Momentous occasion for commercial #spacetech in India. #GSAT24 commissioned into service by @TataPlayin today. It went into orbit last year. Testing completed. Will beam 900 channels. First demand-driven satellite operated by NSIL and built by #ISRO Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
3 months
Remembering reading somewhere long ago: McKinsey's Rajat Gupta was first given the over-speeding ticket equivalent of insider trading charges. When he went to town dissing it, the prosecutors got enraged and went back on the road to find a case of hit and run.
@chandrarsrikant
Chandra R. Srikanth
3 months
🚨🆕 Scoop: A group of founders have written a letter to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the Reserve Bank of India urging them to reconsider the recent sanctions against Paytm and engage in constructive dialogue with the Fintech ecosystem.…
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@deepsekharc
Deepsekhar Choudhury
2 years
In an hour-long chat with @moneycontrolcom , Union Minister @Rajeev_GoI lays out blueprint of India's trillion $ digital economy In the interview: Data protection. 5G tech. Social media intermediaries. Chip and cloud economy And much more! With @AihikS
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@deepsekharc
Deepsekhar Choudhury
4 months
#Coursera to teach in Indian languages like Hindi, Tamil as AI drives down translation cost by 500X Over next 12 months, even videos on Coursera will become translate-able and lip-synced due to AI (as you can see below), says CEO Jeff Maggioncalda
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@deepsekharc
Deepsekhar Choudhury
8 months
🚨Groundbreaking ceremony of Micron's semiconductor packaging plant at Sanand, Gujarat "This plant will be a beacon to all other participants in global semiconductor ecosystem," says @Rajeev_GoI Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
1 year
🚨🚨 #Airbnb hosts in India collectively made over Rs 100 crore from bookings with families in 2022, says @amanpreet_bajaj Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
10 months
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@deepsekharc
Deepsekhar Choudhury
2 years
#Zomato founder Deepinder Goyal says he will give away his ESOP grants that he got just before IPO last year But the question about Indian founders getting ESOP grants without performance targets remains. Here's my story from a couple of weeks back
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@deepsekharc
Deepsekhar Choudhury
2 years
Three quarters after IPO, #Zomato had its first ever earnings call on Tuesday. Until this point, Zomato's communication with the outside world had been just through CEO Deepinder Goyal's tweet storms and blog posts Thread 🧵🧵 (1/n)
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@deepsekharc
Deepsekhar Choudhury
4 years
Wasn't there enough space to mention the universities in North East? They were the first to protest, FYI @TheQuint @Raghav_Bahl @dugalira @BloombergQuint @menakadoshi #CAAProtests
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@deepsekharc
Deepsekhar Choudhury
5 months
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@deepsekharc
Deepsekhar Choudhury
1 year
India missed the bus in Semiconductors. Is playing catch up in AI The next big thing is going to be quantum tech, and the world has already invested $36 billion for it. Google, IBM, Intel are racing to develop it. China has pledged #15 billion Where's India? Thread 🧵🧵
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@deepsekharc
Deepsekhar Choudhury
3 years
First page 1 scoop. Can't thank @shivaniAshinde ma'am enough for the opportunity
@bsindia
Business Standard
3 years
Good morning! This is what @bsindia front page looks like today. Read the stories on
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@deepsekharc
Deepsekhar Choudhury
1 month
Tech should come to #Noida . We have water, good speed of road traffic, cleaner localities, big public parks, cheaper rent.
@chandrarsrikant
Chandra R. Srikanth
1 month
🥵 Is Bengaluru losing its cool? The worry now for the IT capital of India, already facing a water crisis in some areas, is whether the temperature will surpass the highest of 39.2°C recorded in April 2016 or touch 40°C, possibly for the first time in Bengaluru's history Good…
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@deepsekharc
Deepsekhar Choudhury
2 years
When #Zomato shared its result for the first quarter in August, it played up the number zero. It had claimed that the food delivery segment had broken even in terms of ‘Adjusted Ebitda’. But, it seems that was not really true.
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@deepsekharc
Deepsekhar Choudhury
8 months
🆕️🚨 32 companies have applied to make laptops, tablets, servers under Rs 17,000 crore PLI 2.0 scheme Companies like Dell, Acer, Asus, Lenovo have applied. But #Apple has given it a miss Via @moneycontrolcom @chandrarsrikant Here's a list of 30 applicants till 1 PM today:
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@deepsekharc
Deepsekhar Choudhury
2 years
Oxfam should come out with a report on how much Indian economy lost today due to this
@chandrarsrikant
Chandra R. Srikanth
2 years
Did all the Diwali gifs and messages bring down WhatsApp 😭
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@deepsekharc
Deepsekhar Choudhury
1 year
Now, @chandrarsrikant delivers her mega TCS-Gopinathan scoop in chaste #Hindi ! Note that she grew up in Hyderabad, then pursued academics in Chennai for 7 years and has been living in Bangalore since. Watch and #BeBlownAway
@CNBC_Awaaz
CNBC-AWAAZ
1 year
#Exclusive | राजेश गोपीनाथन के इस्तीफे की पूरी कहानी बताते हुए @moneycontrolcom में #Tech , #startups & #neweconomy की एडिटर @chandrarsrikant . @_anujsinghal #RajeshGopinathan #tcs
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@deepsekharc
Deepsekhar Choudhury
5 months
Ashwini Vaishnaw to introduce Telecommunications Bill 2023 in Parliament at 12 pm. The proposed legislation seeks to replace the Indian Telegraph Act, which has been in existence for 138 years Via @moneycontrolcom @chandrarsrikant
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@deepsekharc
Deepsekhar Choudhury
2 years
UPI moment for transport? Data of all road operators to be brought on a single platform via APIs - this will lead to efficient movement of goods, reducing logistics costs. Open source mobility stack for seamless transport of passengers will also be facilitated #Budget2022
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@deepsekharc
Deepsekhar Choudhury
2 years
Jio, Voda Idea, Airtel 5G test beds to be used for launch. Company chiefs to be on stage with PM Modi. 5G services launch to follow in 7 cities (incl Delhi, Mumbai): Source
@deepsekharc
Deepsekhar Choudhury
2 years
As we report, a meeting is going on at the Department of Telecom where more details of the grand launch are being discussed. Stay tuned!
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@deepsekharc
Deepsekhar Choudhury
1 year
Rajesh Gopinathan tenders his first resignation at age 52.
@chandrarsrikant
Chandra R. Srikanth
1 year
HUGE! Rajesh Gopinathan resigns as TCS CEO
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@deepsekharc
Deepsekhar Choudhury
7 months
Scott Beaumont, President of Google APAC: -4 BN transactions on GPay this month - 200K developers from India on Google - 750k creator economy jobs by YouTube in India - Android has created 2 MN jobs in India #GoogleForIndia Via @moneycontrolcom @chandrarsrikant @tsuvik
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@deepsekharc
Deepsekhar Choudhury
4 months
. @ONDC_Official crosses 5 million transactions in a month for the first time in December
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@chandrarsrikant
Chandra R. Srikanth
4 months
ONDC crosses 5 million transactions in a month for the first time in December Of the 5.5 million transactions made via ONDC in December, 2.1 million were in the retail category, while 3.4 million were in the mobility category. Within the retail segment, food delivery and fashion…
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Deepsekhar Choudhury
2 years
A lot of times, elders in the family didn't care if we weren't back home for lunch on a weekend. They knew there would be some neighborhood kid whose parents would be feeding us to the brim that day #Swedengate
@chandrarsrikant
Chandra R. Srikanth
2 years
Still cant wrap my head around this culture. #Swedengate
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@deepsekharc
Deepsekhar Choudhury
3 years
No, tech startups haven't disrupted legacy businesses in India yet.
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@deepsekharc
Deepsekhar Choudhury
1 year
⬇️⬇️ Valuation cuts in #India tech by private investors: *Ola down 35% to $4.8 bn (Vanguard) *Swiggy down 49% to $5.5 bn (Invesco) *Oyo down 73% to $2.2 bn (SoftBank) *Byju's down 73% to $6 bn (Prosus) [Caveat: Byju's is still raising fresh money at $22 bn valuation]
@chandrarsrikant
Chandra R. Srikanth
1 year
Vanguard slashes Ola's valuation by 35% to $4.8 billion @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
2 years
Tech companies: "We grew 5X this year". Editor-fearing journalists: "Sure, congrats. But please specify if you mean GMV, revenue, number of users or number of transactions."
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@deepsekharc
Deepsekhar Choudhury
1 year
📢🚨The most important thing first. After disrupting the stock-broking industry, #Zerodha seems to be getting ready to shake up the mutual funds industry Here's what @Nithin0dha told me this week: 🧵🧵
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@deepsekharc
Deepsekhar Choudhury
3 years
PR agencies call you up for random shit all throughout the day. But give the one important story to a select few. I got a funding release at 11:50 pm saying it is on embargo till 11:59 pm. Another website publishes with more info + quotes than don't sound robotic. Not cool
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@deepsekharc
Deepsekhar Choudhury
6 months
#Mamaearth mentions the phrase 'economies of scale' 13 times in its red herring prospectus. I >>It seeks valuation of over 105x P/E in IPO >> It is increasingly an offline brand rather than online D2C >> New SKUs have an outsized impact on revenue growth Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
1 year
Guess who is employing one rupee per tweet trolls now.
@Mdrgoyal2
Mayank Goyal
1 year
@deepsekharc read your totally biased news article against @Ashneer_Grover today on moneycontrol. Are you also getting paid by company? Shameful how company doing everything it can to trouble it's former founder! TV fridge and medical bills! He can buy thousands.
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Deepsekhar Choudhury
2 years
Last few months have been painful for #Ecommerce . #Inflation has hurt sales. Demand has shifted back to offline. So, a lot is riding on the festive season sales that started on September 23 🧵🧵What are the early signs looking like?
@chandrarsrikant
Chandra R. Srikanth
2 years
🚨Flipkart, Amazon return to deep discounts, mega ad spends to kickstart festive sales. Sellers see 2.5 times jump in demand but they are unhappy over high costs of keywords, lower average selling prices, delayed dispatches By @deepsekharc & @sangha_kar
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Deepsekhar Choudhury
1 year
The Instagram team within #Meta is hashing out a plan to build a standalone app that will compete with #TwitterFiles @tsuvik and I have exclusive details about what this app's minimum viable product might look like 🧵🧵 (1/n)
@chandrarsrikant
Chandra R. Srikanth
1 year
🚨🚨 SCOOP: Exclusive: Meta mulls a Twitter competitor codenamed ‘P92’ that will be interoperable with Mastodon.
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Deepsekhar Choudhury
2 years
Remember the good old days of 1+1 and 2+2 on food and drinks on #Zomato Gold? Those days of peak dine-in freebies might be coming back. And not only on Zomato. But #Swiggy as well. Long thread 🧵🧵 (1/n)
@chandrarsrikant
Chandra R. Srikanth
2 years
🚨Scoop: Zomato and Swiggy have started pilot dine-in projects in Hyderabad, offering discounts of as much as 25 percent to customers who pay their food bills through their apps. Eateries are not too happy @deepsekharc tells you why
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@deepsekharc
Deepsekhar Choudhury
1 year
Google has granted $1 million for its first Responsible AI Centre to IIT Madras -- Manish Gupta, Director -Research, #Google India
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@deepsekharc
Deepsekhar Choudhury
4 months
#FirstCry founder and CEO Supam Maheshwari has offloaded 9.3 million shares in six months before filing for IPO. At most recent value, this offloaded stake would be worth Rs 453 crore. Also, he offloaded 6 million of these above shares within 10 days before filing DRHP
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@chandrarsrikant
Chandra R. Srikanth
4 months
🚨FirstCry CEO Supam Maheshwari offloaded shares worth Rs 300 crore before IPO filing @deepsekharc and @Goenka_Tushar1 report
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Deepsekhar Choudhury
2 years
New-age companies have been stating an 'Adjusted EBITDA' number which doesn't count ESOP as expense. OYO goes a step further in stating an EBITDA that doesn't count ESOP cost. And making other adjustments against that EBITDA. Will double-adjusted EBITDA become the new norm? 🤔
@TVMohandasPai
Mohandas Pai
2 years
This is fake accounting! There is nothing like an adjusted ebidta. They are trying to mislead Investors by such fake accounting. Regulators and stock exchanges should stop such misreporting in india @chandrarsrikant
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@deepsekharc
Deepsekhar Choudhury
2 months
How does a company add a trillion dollars of market cap in just 67 days? @moneycontrolcom will look to find a few answers over the the next few days at #GTC24
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@deepsekharc
Deepsekhar Choudhury
2 years
@chandrarsrikant @RemindMe_OfThis when Byju's files FY22 results. To check: whether recognised revenue has grown 4X, how much of Rs 10,000 crore revenue finds recognition, if net loss really halved CC @patwardhannn
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@deepsekharc
Deepsekhar Choudhury
2 years
Whitehat Jr has contributed Rs 326.66 crore of total revenue and loss of Rs 1,548.76 crore to the loss before tax from operations. “WhiteHat Junior has been a challenge on the cost side,” Byju Raveendran said yesterday
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@deepsekharc
Deepsekhar Choudhury
2 years
Recap of Byju's newsflow: hardware sales account for most of revenue > Mgmt leverages stake to raise debt > Packages receivables as debt > auditors refuse to sign off annual report > Fails to pay off M&A obligations > $300 mn acquisition cuts workforce Ticking time bomb?
@chandrarsrikant
Chandra R. Srikanth
2 years
Byju’s Said to Offer More Than $1 Billion for 2U to Expand in US. Yet to pay Aakash but making a new acquisition 🤔
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@deepsekharc
Deepsekhar Choudhury
1 year
🚨 With 2,500 delivery workers on strike since last week, Zomato-owned #Blinkit is permanently shutting down some dark stores + disabling the log-in IDs of the delivery riders Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
1 year
Your grandfather officially ordered the butchering of 20,000 Bangladeshis. Your mother helped create Taliban and supported jihad in Kashmir. Meanwhile, your 10% commission charging father profiteered from all this. @BBhuttoZardari
@ghulamabbasshah
Ghulam Abbas Shah
1 year
Pakistan's foreign minister's unexpected reaction to the Indian External Affairs minister's remarks “I want to tell India that Osama bin Laden has been killed while the butcher of Gujarat is still alive & he is the PM of India"Says Foreign Minister of Pakistan @BBhuttoZardari
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@deepsekharc
Deepsekhar Choudhury
1 year
📌Why are hyperlocal delivery companies always cutting delivery fees paid to gig workers? 🧵🧵छोटी मगर मोटी thread. Per an industry exec, the hyperlocal delivery sector's modus operandi is to cut delivery fees paid out to riders when order volume rises in an area/on a platform
@chandrarsrikant
Chandra R. Srikanth
1 year
Blinkit strike: BJP leader writes to deputy labour commissioner on pay cut of delivery workers. Around 2,500 delivery workers of Zomato-owned Blinkit are on strike in Gurugram. More are protesting in Delhi and Noida @deepsekharc reports
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@deepsekharc
Deepsekhar Choudhury
8 months
🆕️🚨 SCOOP: #ONDC revises incentive scheme scheme. Important changes: - Focus on tier 2,3 cities - More flexibility to buyer apps on how they disburse discounts for specific orders, users - Food delivery aggregate incentives lowered by 50% And more... Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
2 years
Govt constitutes expert committee to suggest ways to scale up of VC/PE investments. Is the road being paved for EPFO corpus and PSU insurer floats to go into PE/VC funds?
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@deepsekharc
Deepsekhar Choudhury
18 days
🚨 Indigo Airlines promoter Rahul Bhatia and former Tech Mahindra boss CP Gurnani launch a technology company called AionOS Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
1 year
🚨📢Source: BharatPe has asked SIAC to award Ashneer Grover's 1.4 percent unvested shares in the company to Shashvat Nakrani for a cash consideration of Rs 33 lakh At BharatPe's last round valuation of $2.8 billion (Rs 23000 crore, 1.4% should be worth Rs 322 crore)
@chandrarsrikant
Chandra R. Srikanth
1 year
🚨🚨BharatPe files arbitration for clawback of Ashneer Grover's unvested shares, founder title @deepsekharc
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@deepsekharc
Deepsekhar Choudhury
6 months
#Mamaearth was a 'kids' mosquito repellant company' when we funded them, Snapdeal co-founder and angel investor @1kunalbahl tells @chandrarsrikant Via @moneycontrolcom
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@deepsekharc
Deepsekhar Choudhury
2 years
According to sources, the Byju’s auditor had to put in around 3,000-3,500 extra hours of work to make the revisions in its revenue recognition for FY21. Deloitte identified 'material weaknesses' in internal controls
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@deepsekharc
Deepsekhar Choudhury
2 years
Absolutely de-humanising for Byju's employees. Bosses are telling sales execs 'I don't see you as a human, I see a number.' Worse: founder-CEO can come up with no better solution than whitewashing this with an e-mail that gives false hope to fired staff. And leaking it
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@patwardhannn
Nikhil Patwardhan
2 years
🚨🆕More layoffs at Byju's? Over 5,000 employees across departments are said to have received performance notices. What lies in store for the world's most-valued edtech? A long 🧵👇
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@deepsekharc
Deepsekhar Choudhury
2 years
10 important things that @Rajeev_GoI told @AihikS and me as we met him a day after the withdrawal of the #Data Protection Bill 🧵🧵 #DigitalIndia #IndiaAt75
@deepsekharc
Deepsekhar Choudhury
2 years
In an hour-long chat with @moneycontrolcom , Union Minister @Rajeev_GoI lays out blueprint of India's trillion $ digital economy In the interview: Data protection. 5G tech. Social media intermediaries. Chip and cloud economy And much more! With @AihikS
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@deepsekharc
Deepsekhar Choudhury
2 years
@Number10cat My bad, sir. What's for dinner?
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@deepsekharc
Deepsekhar Choudhury
1 year
🚨📢 Interesting titbit from #Policybazaar analyst call: It collected Rs 47 crore of premium from high value ULIP sales in March as govt will #tax proceeds from life insurance policies over Rs 5 lakh p.a. effective April 1, 2023
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