In a surprising turn of events that has captured the attention of the Indian financial markets, fintech giant Paytm (One 97 Communications) has officially shelved its proposal for a maiden bonus issue of shares. Despite the company’s recent financial resurgence, the board of directors concluded that the timing for such a capital restructuring is not […]
The Great Recalibration: Can BigBasket Pivot to Profitability in the Age of Instant Commerce?
For 15 years, BigBasket stood as the undisputed titan of India’s online grocery sector. It was the company that taught the nation how to order weekly supplies via an app, pioneering a sophisticated, integrated supply chain that connected farmers directly to urban doorsteps. Yet, as co-founder Hari Menon stepped down last month, his farewell message […]