The month-long festive retail window saw quick commerce expand its footprint to capture 16% of total seasonal sales value. In mobility, family-oriented models helped electric scooter volumes double to 9.78 lakh units during the first half of FY27. Leadership structures also shifted in edtech as Unacademy appointed Akhilendra Kumar to the helm following its acquisition by UpGrad. Meanwhile, broader tech pressures surfaced with Rentomojo reporting a sharp profit drop and Qualcomm eyeing widespread domestic staff reductions.
Key points
Shifting consumer preferences toward family utility have accelerated nationwide electric…: Shifting consumer preferences toward family utility have accelerated nationwide electric scooter adoption to one-fifth of overall sales.
Edtech consolidation continues with Unacademy restructuring its executive team to target…: Edtech consolidation continues with Unacademy restructuring its executive team to target profitability ahead of UpGrad's planned public listing.
Semiconductor downsizing efforts threaten to eliminate around 1,000 engineering and tech…: Semiconductor downsizing efforts threaten to eliminate around 1,000 engineering and tech positions across Qualcomm's operations in India.
Sources checked by our analysis pipeline: 1
Business News›Tech›Newsletters›Morning Dispatch›Online festive sales miss estimates; Munjal steps down as Unacademy CEO
Morning Dispatch |
Online festive sales miss estimates; Munjal steps down as Unacademy CEO
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Happpy Thursday! Online festive sales grew, but fell short of expectations amid weak smartphone demand.This and more in today’s ETtech Morning Dispatch.
Also in the letter:
■ EV makers turn to family scooters
■ Rentomojo revenue rises
■ Qualcomm may cut 1,000 jobs in India
Ecommerce and online retailers clocked Rs 1.40 lakh crore in gross merchandise value (GMV) during the month-long festive period, up 17% year-on-year (YoY), but below expectations as smartphone sales slumped.
Festive sales:
“Online festival shopping has become more distributed as more players enter the market, each with their own strengths in specific segments.”
Mobile phones lag:
Also read | Ecommerce festive sales fizzle out on price pangs
Rapid delivery rush: Quick commerce emerged as a critical channel for…
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