Ashneer Grover, Ola, Rapido, Zomato, Blinkit, Shark Tank India, Sony, Zerodha, Business News

Summary

In today's video, Sahil Khanna discusses several pressing issues in the business world, including Ashneer Grover's settlement with Bharatpay and the declining fortunes of Ola Electric, which faces numerous complaints and a poor rating. He highlights Rapido's rise in daily trips, MagicPin's impressive growth in ONDC, and challenges in the startup ecosystem. The video also covers changes at Zomato, innovative moves by Blinkit, and potential acquisitions by Airtel and Hyundai. Lastly, Khanna touches on ISRO's satellite initiatives and Nikhil Kamat's entry into esports, reflecting on trends and challenges in various sectors.

Takeaways

• 📉 Ashneer Grover has settled with Bharatpay after calling the police to close the FIR against him, suggesting allegations of fraud.
• ⚠️ Ola Electric is facing backlash due to misleading ads, resulting in a decline in share prices and over 80,000 monthly complaints.
• 📊 Indian companies like Ola, Uber, and Porter received a 0 out of 10 rating regarding gig workers' satisfaction.
• 🚴‍♂️ Rapido has surpassed Ola in daily trips, achieving 2.5 million rides per day, primarily focusing on bike rides.
• 📈 MagicPin is experiencing significant growth with 1.5 lakh daily orders on ONDC, outperforming competitors in food orders.
• 💼 Zomato's CEO expressed a loss of motivation, hinting at potential changes in top management.
• 📦 Blinkit has introduced GST invoicing for businesses, indicating positive innovations in their operations.
• 🤝 Kunal Behl, co-founder of Snapdeal, is joining Shark Tank Season 4, bringing attention to the startup ecosystem.
• 🚗 Airtel may acquire Tata Play, potentially enhancing their OTT offerings to compete with Jio's services.
• 🌍 ISRO is launching a satellite for methane monitoring to help ONGC reduce emissions and improve profitability.

Q & A

What recent action did Ashneer Grover take regarding the FIR against him?

Ashneer Grover called the police to close the FIR filed against him after settling with Bharatpay on September 30th.

What issues is Ola Electric currently facing?

Ola Electric is dealing with a notice for misleading advertisements, a drop in share prices, and a significant number of complaints, leading to a zero rating in a recent survey.

What does the recent rating for gig workers indicate?

The rating shows that companies like Big Basket, Swiggy, Urban Company, and Zomato received a score of 6 out of 10, suggesting average treatment of gig workers.

How does Rapido compare to Ola in terms of daily trips?

Rapido has surpassed Ola by achieving around 2.5 million daily trips, with a significant portion of these rides being bike rides.

What growth has MagicPin experienced recently?

MagicPin has seen a growth rate of 15x over the past 15 months, processing 1.5 lakh daily orders through the ONDC platform.

What challenges is Zomato's CEO facing?

Zomato's CEO has expressed a loss of motivation and indicated possible changes in top management due to the competitive landscape, particularly with Swiggy.

What innovation has Blinkit recently introduced?

Blinkit has started offering GST invoicing for businesses, marking a significant innovation in their service offerings.

Who is joining Shark Tank Season 4, and what is their background?

Kunal Behl, the co-founder of Snapdeal, is joining Shark Tank Season 4 as a Shark.

What financial status has the Board reported for FY24?

The Board has reported a loss of ₹53.5 crores for FY24, which is an improvement from the ₹101 crores loss in FY23.

What trend is observed in the wearable technology market?

The wearable technology market is highly competitive, resulting in decreasing margins as various companies compete for market share.