The online grocery platform expects to become profitable in the next 9-12 months, it is expecting a revenue growth of 40-50 percent this year as compared to last year.
Category: Advertising
BMC releases ad hoarding policy; Revises SOPs, specifies liability
The new draft released by BMC on outdoor advertising policy includes insurance cover up to Rs 1 crore; DOOH provisions include prohibiting video content in the right of way and multiple static images with a dwell time of a minimum of eight seconds.
World Federation of Advertisers suspends brand safety unit after Elon Musk’s lawsuit
Addressing the disbanding of GARM, X CEO Linda Yaccarino said in post on X, “This is an important acknowledgement and a necessary step in the right direction.”
Exclusive: Kalyan Hoarding collapse; KDMC to take action against 13 OOH agencies
According to a KDMC official, the civic body had permitted 160 contractors to install hoardings in the city, out of which only 147 contractors complied by conducting structural audits.
The Advertising Club launches The TAC Academy with the IPA Qualifications
The Ad Club has forged a special deal with IPA – The Institute of Practitioners in Advertising to offer curated and cutting-edge qualifications from around the globe under the aegis of The TAC Academy.
R K SWAMY Ltd Q1 FY25 results: Revenue from operations up 11.4% versus a year ago
Shekar Swamy, Managing Director & Group CEO, R K Swamy Ltd, said, “We are focused on winning a few large new engagements, in addition to the strong stable roster of clients we serve.”
Reddit plans to introduce paywalled content and AI search summaries
For Q2, Reddit’s revenue reached $281.2 million, up 54% year-over-year due to the platform’s growing ad business.
Colgate unveils “Eat Like You Should” campaign to raise oral care awareness
Based on a recent Colgate study’s findings, almost 1 in 2 Indians claim to have a dental problem, which has led to people changing their eating habits without even realizing it.
India should soon see its first Olympics sponsor
The IOC currently has 15 top-tier partners, which collectively paid almost $740 million last year in cash and services, though none from India.
Ajoy Chawla of Titan Company: Amid competitive intensity, need to step up marketing investments tactically
Titan Company reported a marginal decline in standalone net profit to Rs 715 crore in Q1FY25. Talking about cost-optimisation strategies, and future growth prospects, Chawla, CEO of jewellery division discusses witnessing pent-up demand this quarter (post-budget) and its growing retail presence both in India and outside.