Connect with us

Business

Softbank is Eyeing a Slice of the Indian Food Delivery Market

Published

on

Shop employees of SoftBank Corp work outside its branch in Tokyo

Softbank is said to be in talks to take a stake in Zomato. It commenced similar discussions with Zomato’s rival Swiggy last year.

India’s food delivery market is estimated to be growing at a quarterly rate of 15{193319180524fe1cbcf93f2fa4436f311e82d10b1113c9fa2c57b372435e0a56}.

Softbank is expected to make an investment decision by the end of 2018.

In the aftermath of Walmart’s $16 billion acquisition of e-commerce upstart Flipkart, Softbank, a Japanese tech giant and investor, looks set to double down on the Indian market. The Economic Times reported today that Softbank was engaged in initial talks with Zomato, a food delivery service, to take a stake in the company.

In fact, a source told ET that Softbank was scouring the Indian food delivery market for deals, with plans to infuse anywhere between $200 million and $400 million in a worthy candidate. The Japanese company had reportedly commenced talks with Swiggy, another food delivery service, late last year to invest as much as $250 million in the latter’s growth, although nothing seems to have come of it yet.

India’s food delivery market, which is dominated by Zomato and Swiggy, is growing fast. Earlier this year, RedSeer Consulting, a research and consulting firm, estimated that the market grew at a quarterly rate of 15{193319180524fe1cbcf93f2fa4436f311e82d10b1113c9fa2c57b372435e0a56} last year, with daily order volumes more than doubling to 460,000 by September 2017. In April, RedSeer also pegged the size of the market at $740m.

The increasing level of interest in India’s food delivery market is thought to be reminiscent of the investor hype surrounding ride-hailing services a few years ago when Uber entered the country. Interestingly, Softbank has a stake in both Ola and Uber. Both companies have or had their own food delivery services. Ola acquired Foodpanda, a food ordering app, in December last year with plans to invest $200 million in the company. Meanwhile UberEats was launched in May 2017 and is said to be going strong.

Softbank is expected to make an investment decision by the end of 2018. Last month, the company’s CEO, Masayoshi Son, said that Softbank was on track to invest more than its original target of $10 billion in India by 2024. It’s already invested $8 billion since 2014, partly through its Vision Fund for tech investments, making bets on the solar energy, e-commerce and hotel booking markets to name a few. It is currently said to be mulling a $3 billion investment in Paytm Mall, the e-commerce arm of Paytm, in which it already owns a 21{193319180524fe1cbcf93f2fa4436f311e82d10b1113c9fa2c57b372435e0a56} stake, pending a possible exit from Flipkart.

The news of the possible investment in Zomato follows speculation regarding the launch of a second Vision Fund by Softbank. The new fund is expected to also have a $100 billion corpus and could launch as early as 2019.

Source of the article : Business Insider

Continue Reading

Business

How to Overcome WFH Burnout?

Published

on

By

WFH Burnout

Working from home provides various advantages for employees. This remote work setup enables them to save money on transportation costs, establish a better work-life balance, as well as increase productivity and performance.

However, the same work-from-home setup also has drawbacks for people, particularly those that have just transitioned to this remote work setup. Working from home can also cause burnout for employees – most especially those who are heavily stressed out by their work.

Burnouts can impact the productivity and performance of a company. For instance, when an independent Filipino virtual assistant or freelancer gets burnt out, the quality of their services can degrade.

Employee burnout is valid, and this is normal when a person has heavy workloads, for instance. However, overcoming or avoiding burnout altogether is essential for the employee to continue providing their best at work.

To avoid work-from-home burnout, employees need to take good care of their mental and physical health. When working from home, they may have difficulty setting aside time for meals and snacks. Avoid this and ensure that they get enough sleep. Most people require eight hours of sleep per day. Not getting enough sleep makes it difficult to concentrate and remember tasks. Also, they need to avoid working late at night if they can.

Another way to avoid work-from-home burnout is to set boundaries between work and personal life. Employees must ensure that work-related communications and activities are only carried out during work hours and on specific days of the week and keep their personal issues and chores to their breaks. They must also take some time off monthly for mental health and vacation days. A clear separation between work and personal life hours is essential for both their physical and mental health.

Furthermore, networking with others is also another way to overcome or avoid work burnout. Not only will this help employees build their network, but it can also teach them the best practices in their respective industries. In addition to meeting colleagues and peers, networking allows them to pursue their passion projects and develop skills that will benefit their careers.

For more information on overcoming WFH burnout, read this infographicby OVA Virtual, a VA company that offers the best virtual assistant services.

How-to-Overcome-WFH-Burnout

Continue Reading

Business

Details Related To Trademark Stands Simplified and Hassle Fee

Published

on

By

Bonamark is a prominent global establishment devoted to knowledgeable property defense.

What is a trademark?

A trademark is a symbol or a word or a mark that is required typically to be registered and is used to represent a company or a brand or a product.

Trademark and the company

This globally acclaimed establishment deals with everything related to the trademark from research to registration to maintenance as well as periodic monitoring.

Key Highlights

There can be many companies round the world doing the same kind of work but the best part about this company are as below:-

  • Attorneys: The attorneys are chosen very carefully across each country where the scope of work is spread to ensure they are available just in time with high course service.
  • Prices:  A detailed study has shown that almost as much as 80{193319180524fe1cbcf93f2fa4436f311e82d10b1113c9fa2c57b372435e0a56} can be saved by working with this registration enabling firm. The prices are modest and in fact extremely judicious when compared to the high level service that is rendered.
  • Attention: A bespoke care by a knowledgeable account manager is prearranged to make the total registration course unpretentious and hassle free.
  • Worldwide: The worldwide presence makes the company an easy one to connect and team up with. Serving almost 150+ countries and territories through local attorney acquaintances and affordable pricing is a different understanding unquestionably.

Few definite highpoints:

Every company endeavors for the best services to be given to their clients but those who actually offer an all-inclusive service would work very stiff and provide incomparable assistances. That is what makes any company exclusive.

  • Trademark search means that the desired trademark is checked for its availability for registration and the expert attorneys in the company here would verify the registry to govern comparable or matching trademarks.
  • Online Registration process: The registration process is online and that helps to take the first step forward so much easier.
  • Sanity Check: A clear and through research is done to find out if similar or identical trademarks are been applied and the client is kept informed about the same.

Dealing with trademark isn’t just about researching and making one to use. It takes a detailed research, a through process of registration along with a robust renewal and monitoring to avoid any lapses or miss outs. At Bonamark, the service selection from attorneys to service delivery is precise and unrivaled. Experience a true proficient service and get the trademarks done with ease.

Continue Reading

Trending

Copyright © 2018-19 offcce - Offcce Team