Goldman Sachs estimates Blinkit's valuation within Zomato's sum-of-the-parts analysis to $13 billion, exceeding food delivery value for the first time!

Zomato bought Blinkit for less than $600 million in 2022.

Reliance JioCinema app shows their lower plan prices for four devices at 89 rupees is just a one month offer and rates will rise to 149 rupees later. That will be a price hike from current 99, but that's not true, Viacom18 spokesperson says. Company fixing display bug

JioCinema introduced a new monthly subscription plan on Thursday, with the lowest tier costing just Rs 29. The plan, even at Rs 29, includes access to full-library of Hollywood content, ad-free experience, and 4K viewing.

India's central bank orders Kotak Mahindra Bank to stop signing up new customers through its online and mobile banking channels and cease issuing fresh credit cards after finding 'serious deficiencies and non-compliances' in its IT practices.

Glance, an Android lockscreen platform backed by Google and Jio, has reached 300M active smartphones - source

Pilot begins in the US with Motorola and Verizon. Plans full launch in the US with more tie-ups -- including with NBA, CNN -- later this year - sources

Premji Invest, the family office of Wipro founder chairman Azim Premji, has grown to roughly one-third the size of Wipro's $30 billion market cap.

thearcweb.com/article/wipro-…

“I know he doesn’t get along very well with Marc Andreessen.”

“Then Bill and I have that in common.”

🌶️🌶️🌶️🌶️🌶️

Massive 🤯

GST from online gaming touched Rs 3,470 crore in Oct-Dec 2023 quarter

Over 5.5x jump from the Rs 605 crore collected in the previous Jul-Sep quarter.

28% tax came into effect on October 1

Goldman's note on Gupshup:

Piyush Gupta, one of the operating leaders at Peak XV Partners, is leaving the firm at the end of the month to start a secondary-focused VC fund - sources

#SCAMALERT

Over the past week, It was brought to our attention that someone is defrauding general public by using our brand assets and hosting a page m2p-capital.com and promising quick loans, the website is designed eerily similar to our corporate website and in some…

CRED has received in-principle approval from RBI for the payment aggregator license - sources

Flipkart weighed buying Zepto - ET

Talks no longer happening, per the report, but interesting peek into Flipkart's growing interest in q-com m.economictimes.com/tech/startups/…

Amazon staff went undercover on Flipkart, Walmart and other marketplaces to scoop up info on pricing, logistics and other biz practices

'Walmart wasn’t aware that Amazon ran the seller accounts on the Walmart and Flipkart sites before WSJ told it.'

wsj.com/business/retai…

UBS, on India quick-commerce market: 'We estimate a TAM of $520bn for q-com with sector GMV reaching $34bn by FY29e or 7% penetration of TAM. This would imply a CAGR of 45% over FY24-29e vs the FY24e estimated market size of $5bn.'

Tesla boss Elon Musk set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, sources say reut.rs/3TYmrGZ

Murdoch Partner Helps Asia’s Richest Man Build a Media Empire

A man from a small town in rural Bihar is helping Asia's richest--based in Mumbai--navigate his media empire.

bloomberg.com/news/articles/…

HSBC: 'We believe India is likely to graduate directly from unorganised retail (Kirana stores) to QC (quick commerce), while Modern Retail penetration will likely remain low.'