Samiksha Goel

Startup reporter @MorningContext. Formerly @NewIndianXpress @Deccanherald || Send tips to [email protected] or DM here

[Samiksha Goel @samikshagoel2]

DealShare is reeling under fulfilment problems, customer dissatisfaction and micro frauds—e.g. with local partners buying unsustainably discounted products for resale. Story @MorningContext
Cleaning of the copy by @Pranavenstein

https://t.co/f0R4qMUIkc

[Prince Thomas @PRINCE0879]

Who will succeed @udaykotak?
What role will he play after stepping down?
How about his son @jay_kotakone?

@imFmoharkan & @AshwinM_ look for answers on the most important leadership transition in Indian banking @KotakBankLtd

@MorningContext

https://t.co/ZZwyL3XjNj

[Shivani Verma @verma_shivani12]

More than half of the 200 dark stores run by #Blinkit in Delhi NCR have been shut for the past three days, @EconomicTimes reports.

On Tuesday, we wrote about how
a revised payout system will result in lower earnings for the workers.

@MorningContext

https://t.co/ikBD6ofwq7

[Shivani Verma @verma_shivani12]

🚨 #Breaking

Blinkit’s operations were hit on Tuesday in some parts of Delhi NCR after several delivery partners went on strike against a revised payout system, which will result in lower earnings, workers say.

@letsblinkit
@MorningContext

https://t.co/ikBD6oeYAz

[The Morning Context @MorningContext]

In the financial year 2021-22, Angel One’s profit shot up to Rs 625 crore from Rs 82 crore in 2019-20; it is expected to hit Rs 1,000 crore in 2022-23. Compare this to rival Zerodha. Angel One needs to up its game.

Read more: https://t.co/WHH0tm0OIA

Chart by @arkgrafix

[The Morning Context @MorningContext]

Tomorrow.

[The Morning Context @MorningContext]

#ICYMI

The social commerce startup, after a year of explosive growth, has slowed to a crawl amid broken or delayed vendor payments, leakages and cooling interest.

✍️ @samikshagoel2

https://t.co/sZyINh5BTB

[Prince Thomas @PRINCE0879]

After a year of explosive growth, DealShare has slowed to a crawl amid broken or delayed vendor payments, leakages and cooling interest.

@samikshagoel2 writes @MorningContext

https://t.co/Teg7lS3wtF

[The Morning Context @MorningContext]

Scale is particularly important for DealShare, since it positions itself as a discount/deals brand, which is conventionally a fairly low-margin business.

This worked for a good while but now it seems to have become bogged down.

Read more: https://t.co/gCpPoVI1p8

[Harveen Ahluwalia @Harveen_A]

The need to account for the human factor in business.

DealShare is an operational mess, @samikshagoel2 writes in @MorningContext: https://t.co/IEls8mFVcl

[Ashish K. Mishra @akm1410]

80% of DealShare's GMV is oil. Buy it at Rs 190, MRP is Rs 200 and sell it at Rs 185. So its own employees running the warehouse were placing orders.

The social commerce unicorn is an operational mess. By @samikshagoel2 https://t.co/zE5cJOUcvl

[The Morning Context @MorningContext]

DealShare spent much of its funding over the years chasing growth. This has come with its own problems in operations. It is now reeling under fulfilment problems, customer dissatisfaction and micro frauds.

✍️ @samikshagoel2

https://t.co/sZyINh5BTB

[The Morning Context @MorningContext]

Tomorrow.

[Ashish K. Mishra @akm1410]

This sums up Dunzo's issues very well. Credit to the team of @samikshagoel2, @Harveen_A, @Pranavenstein.

https://t.co/IocIFL5Y6n

[Ashish K. Mishra @akm1410]

As Dunzo lays off more than 30% of its people and closes dark stores, remember that @MorningContext called it out pretty early on despite vehement denials by Dunzo. But we are used to this playbook now. Onwards.

1. https://t.co/IocIFL5Y6n

2. https://t.co/mC0QYcgGoI

[The Morning Context @MorningContext]

From being the hunted, Amit Dahanukar has now become the hunter. Tilaknagar’s acquisitions underline the remarkable reversal in its fortunes. The company has reported record revenues in FY 2022-23. Investors too seem to be coming back.

✍️ @PRINCE0879

https://t.co/o5keraavnz

[Aakriti Bhalla @aakriti_bhalla]

Indian Energy Exchange is a clear monopoly in power exchange market. But the business that saw its stock rally 300% between 2020-21, has seen a sharp reversal in last 1 year. It touched a 52-week low last week.

So what has underpinned IEX? @MorningContext digs into it.

[Ashish K. Mishra @akm1410]

Be kind + careful when you fly Air India. Their crew are clocking 80-100 hours of flying hours every month, compared to 65-75 before. They aren't well rested which is obviously creating problems for the company.

By @verma_shivani12. Charts by @arkgrafix.

https://t.co/2NAIBXlbF2

[Shivani Verma @verma_shivani12]

@airindiain's cabin crew is flying at their maximum threshold.

🧵A thread.

@MorningContext @PRINCE0879

https://t.co/GZxxu6v3uu

[The Morning Context @MorningContext]

[RECAP]

As complaints pile up, the furniture rental company has been nowhere to be found.

✍️ @samikshagoel2

https://t.co/mCxQWvD7Y0