
The Morning Vine: Fresh Brew for Your Office Commute š°
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Meesho is evolving its business model beyond its initial focus on providing a low-cost, commission-free marketplace. The introduction of a 2% platform fee on its Meesho Mall vertical, which sells branded products, represents a measured approach to generating additional revenue. This fee is significantly lower than the 7-15% charged by larger e-commerce giants, making it a more attractive option for merchants.
Alongside this, Meesho is doubling down on its seller financing capabilities through the Meesho Instant Cash loan service. By partnering with NBFCs, the company is positioning itself as a facilitator of credit access - a critical need for its merchant base, particularly smaller businesses. This diversification into financial services complements Meesho's core e-commerce operations and logistics services.
The company's broader strategy appears to be one of measured expansion, balancing its customer-centric, low-cost approach with new revenue streams. This nuanced approach, combined with its sizable merchant network, suggests Meesho is well-positioned to navigate the evolving e-commerce landscape in India?
š šš¤š§ ššš¤šŖššš©: ššššØšš¤'šØ 2% š„š”šš©šš¤š§š¢ ššš š„š”šš® ššØš£'š© ššŖšØš© š š§šš«šš£šŖš š©š¬ššš ; šš©'šØ š š©šššš©š§š¤š„š ššš© šš£ š©šš ššŖš©-š©šš§š¤šš© š¬š¤š§š”š š¤š š-šš¤š¢š¢šš§šš. š½š® šŖš£ššš§ššŖš©š©šš£š š©šš ššš šš¤š®šØ' šš¤š¢š¢ššØšØšš¤š£šØ, ššššØšš¤'šØ š¬š¤š¤šš£š š¢šš§šššš£š©šØ š¬šš©š š šØšš§šš£ šØš¤š£š š¤š šØšš«šš£ššØ. š½šŖš© š©šš š§ššš” š¢ššØš©šš§šØš©š§š¤š š? šæš¤šŖšš”šš£š šš¤š¬š£ š¤š£ šØšš”š”šš§ ššš£šš£ššš£š. šš£ š š”šš£š š¬ššš§š šš§šššš© ššØ š šš£š, ššššØšš¤'šØ š¢š¤š§š„ššš£š šš£š©š¤ š©šš šš¤ššš£ šš¤š¤š š¤š š§šš©ššš”, šØš©ššš”šš£š š¢šš§š šš© šØššš§š šš§š¤š¢ š©šš š§ššš šš£š ššš«šš£š š”š¤šš£šØ š©š¤ š©šš š„š¤š¤š§ (š¬šš”š”, š§šš”šš©šš«šš”š® šØš„ššš šš£š). šš©'šØ š ššš”šššš©š ššš£šš: š©š¤š¤ š¢šŖšš ššš, šš£š š¢šš§šššš£š©šØ šš”šš; š©š¤š¤ š”šš©š©š”š, šš£š š„š§š¤ššš©šØ š„š”šŖš¢š¢šš©. š½šŖš© šš ššššØšš¤ ššš£ š¬šš”š©šÆ šš©šØ š¬šš® š©š¤ š©šš š§šššš© š§šš©šš¤, šš© š¢šššš© ššŖšØš© š©š§šš„ šŖš„ š©šš š-šš¤š¢š¢šš§šš š©šš©šš£šØ šš© š©šššš§ š¤š¬š£ ššš¢š š
Source: The Arc - https://tinyurl.com/3y25k93k
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Hocco, an Ahmedabad-based ice cream brand, has raised INR 100 Cr ($12 Mn) in a fresh funding round. The round was led by the company's promoter group, the Chona family, as well as existing investor Sauce VC. Angel investors like Bollywood producers Ritesh Sidhwani and Farhan Akhtar also participated in the round.
This primary capital infusion has valued Hocco at INR 600 Cr ($72 Mn) post-investment. The company plans to use these funds to expand its manufacturing capacity. Hocco's managing director, Ankit Chona, stated that the 8-month-old brand expects to reach INR 200 Cr ($24 Mn) in revenue by the fiscal year ending March 2025.
But here's the scoop: Hocco isn't just another startup. It's the Chona family's second ice cream act. In 2017, they sold their legacy brand Havmor to South Korean giant Lotte for ā¹1,020 crore. Now, with Hocco targeting ā¹200 crore revenue by 2025, they're proving you can have your ice cream and sell it too.
š šš¤š§ ššš¤šŖššš©: šš¤ššš¤'šØ šØš¬ššš© ššØ 600 šš§š¤š§š š«šš”šŖšš©šš¤š£, ššŖšØš© 8 š¢š¤š£š©ššØ š„š¤šØš©-š”ššŖš£šš, ššØš£'š© ššŖšØš© ššš¤šŖš© šØšš¤š¤š„šØ; šš©'šØ š šššØš šØš©šŖšš® šš£ šš§šš£š š§ššš®šš”šš£š. š¼šš©šš§ šØšš”š”šš£š ššš«š¢š¤š§ š©š¤ šš¤š©š©š, š©šš š¾šš¤š£ššØ' š§šš„šš šš¤ššš¤ š§ššØš ššššØ š©šš š¦šŖššØš©šš¤š£: šš£ šš£ššš'šØ šš¤š£šØšŖš¢šš§ šš¤š¤ššØ šØš„ššš, ššØ š”ššššš® šš§šš£š šæšš¼ š¢š¤š§š š«šš”šŖššš”š š©ššš£ ššš§šØš©-š¢š¤š«šš§ ššš«šš£š©ššš? šš§ šš§š šš£š«ššØš©š¤š§šØ šØšš¢š„š”š® ššššØšš£š ššš¢šš”ššš§ šš¤šŖš£ššš§šØ, š„š¤š©šš£š©ššš”š”š® š¤š«šš§šššš©šš£š š«šš”šŖšš©šš¤š£šØ šš£ š©šš šš¤š¤š” š©š§ššš©šØ š¢šš§š šš©?š¦
Source: Inc42 - https://tinyurl.com/ys4ncura
š. šš®š„š.šš¢š š šØš¢š§š ššØš°š§ šš”š šššššš”š„šØš§ š«šØš®šš?
Cult fit, a leading Indian fitness company, is undergoing a strategic shift to focus on its e-commerce vertical, Cultsport, as a key driver of growth and profitability. According to the company's new CEO Naresh Krishnaswamy, Cultsport currently accounts for 30% of Cult fit's total revenue, but is expected to grow to 50% of revenue within the next 2-3 years.
This shift is driven by the strong brand credibility of Cult fit, which is helping the company rapidly expand its online fitness equipment and apparel business. Cultsport's hardline category, which includes products like treadmills, spin bikes and outdoor cycles, is a particularly strong performer, expected to grow 40-50% year-over-year.
While Cult fit's core gym business remains the largest revenue contributor at over 64% in FY23, the company is betting big on Cultsport to achieve full-year EBITDA profitability within a year. This strategic pivot comes as Cult fit has managed to significantly reduce its losses by 20% in FY23 compared to the previous year, even as its overall revenues tripled.
The company's focus on profitability is further underscored by its recent cost-cutting measures, including layoffs of around 120 employees. Cult fit is also working towards a public listing, as it looks to capitalize on the growing demand for organized fitness chains in the Indian market.
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Source: The Arc - https://tinyurl.com/2awcnxbp
š. šš¢š³ ššØššš„ ššÆšš«š”šš®š„ šš ššš¢š¬šššš³ššš«?
Paisabazaar, the credit marketplace owned by PB Fintech, is facing a major business model shift. Traditionally, Paisabazaar has focused on sourcing unsecured loan leads like credit cards and personal loans for its 70+ lending partners. This model has been highly profitable, contributing 95% of Paisabazaar's revenue and helping PB Fintech achieve its first annual profit.
However, the Reserve Bank of India has now discouraged lenders from offering small-ticket, collateral-free loans. As a result, Paisabazaar's lending partners have started moving away from unsecured loan leads, hampering the fintech's growth. To avoid further deceleration and regulatory scrutiny, Paisabazaar is now pivoting towards secured loans like home loans and loans against property.
This shift poses several challenges for Paisabazaar:
- šļø Branch vs. Browser: Home loan hunters love the personal touch of bank branches. Can PaisaBazaar's algorithms charm them online?
- š One-and-Done Deals: Credit cards keep customers coming back. Mortgages? It's a once-in-a-lifetime click.
- š° Margin Meltdown: Secured loans pay peanuts compared to the unsecured jackpot
PaisaBazaar's countermove? Poaching banking bigwigs and data diving. But PB Fintech's top brass are sweating. Their profitability streak could snap faster than a subprime mortgage!
š šš¤š§ ššš¤šŖššš©: ššššØšš½ššÆššš§'šØ šš¤š§ššš š¢šš§šš šš§š¤š¢ šššš-š¢šš§ššš£, š§šš„ššš©-ššŖšØšš£ššØšØ šŖš£šØšššŖš§šš š”š¤šš£šØ š©š¤ š”š¤š¬-š¢šš§ššš£, š¤š£š-š¤šš šØšššŖš§šš š”š¤šš£šØ ššØš£'š© ššŖšØš© š š„šš«š¤š©; šš©'šØ š šØš©šš§š š§šš¢šš£ššš§ š¤š š§šššŖš”šš©š¤š§š® š§ššØš šš£ ššš£š©ššš. š¼šØ šš½š šš¤š¤š”šØ š©šš šššØš®-šš§šššš© šš¤š¤š¢, ššš£ ššššØšš½ššÆššš§'šØ ššš©š š¢š¤šš© šš£š ššš£š šš£š ššš§ššØ š¤š«šš§šš¤š¢š š©šš šš£ššš§šš£š© šš§ššš©šš¤š£ š¤š š©šš šš£š š¢š¤š§š©šššššØ ššššš©šš”? šš§ š¬šš”š” š©šššØ š§šššŖš”šš©š¤š§š® š¬ššš„š”ššØš šØšš£š ššš£š©ššššØ šØššŖš§š§š®šš£š šššš š©š¤ š©š§šššš©šš¤š£šš” ššš£š š„šš§š©š£šš§šØššš„šØ, š¢šš šš£š š©šš 'ššššš©šš”' šš£ ššššš©šš” š”šš£ššš£š š¢š¤š§š š„š§š¤š¢ššØš š©ššš£ š„š§š¤ššš©?
Source: The Ken - https://tinyurl.com/yc2rsymk
š. šš¦šš³šØš§'š¬ šš šš„šš²šš« šš„šš²: šššØšØš©š¢š§š ššØš§ššš§š, ššØš ššØš¦š©šš§š¢šš¬
Recently we heard it on the Grapevine that Amazon is acquiring MX Player. Well, it turns out Amazon's not buying MX Player; it's cherry-picking its crown jewels. The e-commerce titan is snapping up select assets of the Times Internet-owned video streamer in what's whispered as a $50 million "distress sale."
This isn't a merger; it's media surgery. Amazon's scalpel is aimed at MX's content library, tech, and user base, leaving the corporate liabilities on the operating table. It's a power move to juice up Prime Video and miniTV in India's cutthroat streaming wars.
The deal includes MX's brain trust, with CEO Karan Bedi and team joining Amazon's ranks. But the real prize? Content, not control.
š šš¤š§ ššš¤šŖššš©: š¼š¢ššÆš¤š£'šØ šššš§š§š®-š„ššš šš£š š¤š šš šš”šš®šš§'šØ ššØšØšš©šØ šš£ š "šššØš©š§ššØšØ šØšš”š" ššØš£'š© ššŖšØš© ššš§šššš£ ššŖš£š©šš£š; šš©'šØ šØšŖš§ššššš” šš¤š£š©šš£š© ššš¦šŖššØšš©šš¤š£. š½š® šØš£ššššš£š šš'šØ šš¤š£š©šš£š© šš§š¤š¬š£ ššš¬šš”šØ šš£š šš§ššš£ š©š§šŖšØš© š¬šš©šš¤šŖš© š©šš ššŖš”š” šš¤š§š„š¤š§šš©š ššššššš, ššØ š¼š¢ššÆš¤š£ š¬š§šš©šš£š š©šš š„š”šš®šš¤š¤š šš¤š§ šš¤š¬ š½šš šššš ššš£ ššššØš© š¤š£ šØš©š§šŖššš”šš£š š”š¤ššš” šššš¢š„šš¤š£šØ? šš§ š¬šš”š” š©šššØ š„ššššš¢ššš” šš„š„š§š¤ššš š”ššš«š š¼š¢ššÆš¤š£ š¬šš©š š šš¤š£š©šš£š© š¢š¤šØššš š©ššš© šššš”šØ š©š¤ ššš„š©šŖš§š šš'šØ š”š¤ššš” šš”šš«š¤š§, š„š§š¤š«šš£š š©ššš© šš£ šš£ššš'šØ š¢šššš š¢šš”š©šš£š š„š¤š©, šš¤š£š©ššš© š¢šššš© šš š©šš š šš£š š©ššš© šš«šš£ š¼š¢ššÆš¤š£ ššš£'š© āš„š§šš¢šā šš¤š§ ššš”šš«šš§š® š
Source: Entrackr - https://tinyurl.com/yc3f6s5v
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