India's Drone Policy; OYO is a fraud, says hotel partners..

Curated news and views from the the wild web. We save you time.

Hi there

Welcome to the new version of newsletter, which we are sending to a smaller group of subscribers. If you are receiving this, we request you to share your feedback.

If you like the newsletter format, press the ‘heart’ button. If you don’t, hit the reply button !


Oyo sets sights on wedding business

Oyo is planning to gatecrash the big fat Indian wedding this season with a chain of offline stores.

The stores, some of which will sell wedding products while others will be experiential in nature to help customers simulate wedding scenarios, will mark the Softbank-backed company's foray into the offline retail space. This will help Oyo monetise a large number of its properties that can be used as banquet and wedding halls by creating a 360-degree ecosystem related to weddings [via]

A distraction? Well, Oyo is pretty much done with hotel penetration in India and before it gets into more conflict with hotel owners, diversification is a great strategy to stay relevant and also to monetize its services marketplace IP and infrastructure.


India’s Drones Policy is taking off : Zomato, swiggy and Dunzo might be leading the race.

The DGCA has sought additional details from seven consortia that had applied to conduct long-range, or beyond visual line of sight (BVLOS), drone experiments.

The seven that were picked were food and delivery companies Zomato, Swiggy and Dunzo, medical delivery providers Zipline and Redwing, Tata Advanced Systems Limited, and drone maker Throttle Aerospace Systems, which has partnered with Honeywell.


India slips 10 places on global competitiveness index; Singapore tops the list

India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum (WEF), is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year) - via

And we continue to debate on cows and religions, while China is grabbing the AI market!


Hotel operators who partnered with Oyo call it 'biggest online fraud', demand criminal probe

Oyo charges hotels a roughly 20 percent franchise fee on room revenues when hotels join its network, but some Indian hotel operators say the startup often ends up taking half or more of revenues through fees that were not initially disclosed.

This conflict comes at a time when Oyo is raising Series F at $10Bn valuation.


Quote of the day:

“I think the (economic) slowdown is helping the cinema business,” PVR CEO, Gianchandani said. “There is negativity around and people want to escape it.”

[via]


Flipkart, Amazon could generate up to $6 billion or Rs 39,000 crore in sales this festive season

In the first phase of the festive sale, E-commerce companies are estimated to have registered sales of close to $3 billion or Rs 19,000 crore, up 30 percent from last year.

The report said there was a 30 percent year-on-year growth during the first festive sale event, with significant share coming from customers in tier-II cities and beyond."Given the strong industry performance during the first sale event, the whole festive month up to October-end is expected to generate up to $6 billion or Rs 39,000 crore in sales (via).

Note that these are ‘predictions’ and numbers are coming from a consulting company and not directly from the horses’ mouth.


Quickies:

Also, the UnPluggd conference tickets are up for sale and the price increases this Saturday. Go ahead and block your seat.

Register for UnPluggd


Aside, Hooked author, Nir Iyal’s next book Indistractable has been released and we had an opportunity to read the pre-launch copy. And we did an interview with Nir. An excerpt:

The opposite of traction is distraction. So, it’s anything that pulls you away from what you want to do in life. And this doesn’t require any money or particular financial resources if you find yourself distracted at work or at home, or with your kids and your personal life. It doesn’t matter where you come from. It has nothing to do with money whatsoever and I can’t see how it does. [via]


Finance ministry suggests shutting down BSNL and MTNL

The development comes after the finance ministry rejected the proposal of the department of telecommunications (DoT) to pump in a massive Rs 74,000 crore to revive the ailing PSUs.

The cost of closure won't be as high as Rs 95,000 crore as argued by the DoT earlier [via]

There are arguments that the decision is being done to favor Jio - but then, BSNL and MTNL have also lost relevance. They are ‘done’, unless revived.


That’s it, folks!

If you like the newsletter format, press the ‘heart’ button. If you don’t, hit the reply button !