Ecommerce sales — excluding smartphones — have surged 24% in Q2. Industry insiders and research firms indicate that the growth in smartphones is driven by premium devices, while demand for mass-market phones remains sluggish, part of a broader trend of a slowdown in sales of low-ticket items. This and more in today’s ETtech Morning Dispatch.
ONDC had gone beta live on July 5 in Mumbai, Delhi NCR (including Noida, Gurgaon and Faridabad), Chennai, Hyderabad and Kolkata post scaling seller density in these cities.
Lowering the age for consent under the proposed law was one of the biggest demands of Internet companies like Facebook and Google, as that has a significant impact on their business operations in the country.
Union Ministers Ashiwini Vaishnaw and Rajeev Chandrasekhar say the move won’t impact India’s chip mission.
Spacetech startups are increasingly relying on the ISRO for hiring grey-haired talent, both on full-time and consultant roles, given the experience and contextual understanding that the deeptech category requires.
Revenue at $934 million for the year ended March 31 grew at 4.2% from the year before. Operating margin of 17% was the narrowest in at least a decade.
Roposo offers livestream shopping along with entertainment on its platform. It is a business unit of Glance, a subsidiary of InMobi.