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

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

Business

Devan Christopher Anderson’s Universal Champion Life Net-Worth & Professional Business Leader

Published

on

By

Devan Christopher Anderson

Devan Christopher Anderson, known as the selected honoured man & with a highly respected reputation, within the workforce & online media, has empowered several men and women to become the best version of themselves. An business administrator, professional fitness model, novelist, and self-improvement coach, Devan’s focus is to transform men and women to gain self-confidence to lead a highly successful life.

American model, trainer, novelist, business administrator, healthcare manager, and online fitness influencer. Devan Christopher Anderson, has become a prominent personality in the international online fitness community. He is gaining popularity as an honest and approachable personality in the online fitness community. Devan Christopher Anderson, is helping many people with his training and nutrition experience to get their fitness goals. His impressive physique, which he made by working hard in the gym, is giving inspiration to many other fitness athletes around the world. Currently, Devan Christopher Anderson is growing as an online fitness influencer, author, and business administrator, and making his potential acting career path easy. He shared his success mantra with his fans in an article interview.

Devan Christopher Anderson said that all of us should be ready to work hard for the goals that we want to achieve. He trains himself like most fitness models and focuses on compound movement to build and strengthen his physique. Devan Christopher Anderson, also said that he is working on refining specific muscles by adding some isolation exercises at the end of his workouts. He is aiming to increase the maximum weight he can lift in every workout. This causes his body to adapt, grow and become stronger. Devan Christopher Anderson, also does cardio whenever he gets extra time. Otherwise, he always keeps himself sticking with heavy weightlifting exercises.

Devan Christopher Anderson

Devan Christopher Anderson, is setting such a diet plan that could include longevity and health. He is focusing more on protein to build muscle and making sure to get all of his micronutrients such as vitamin, minerals, and phytonutrients. All of these nutrients are playing an important role in his life.

Being just 27 years old African American and achieving such great heights of success, Devan Christopher Anderson is a youth savoring the aroma of aesthetic diligence, encountering millions of lives to reach out of their comfort zone to grasp for their dreams.

Such a boost to your confidence is all you actually needed today.

A true representative is the one that holds an ample amount of courage, confidence, and bewilderment, a great sense of thinking and apt knowledge enough for the crew to participate in the race and come back home bagging a platinum sword.

To find such leaders is actually the real task. We wish Devan Anderson all the very best for his future endeavours. May he encounter success in every pursuit and bring fame home!

Continue Reading

Trending

Copyright © 2018-19 offcce - Offcce Team