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Inflation and pricier inputs may take some shine off this year's ecommerce festive sales.
But both dining and shopping are massive offline behaviours we’re trying to capture,” Ganjoo said.Expansion plans: The company has ruled out expanding into travel for now, saying it does not see a clear competitive advantage in the segment.On competition: “We have individual competitors in each segment… a few players in dining, a couple in movies and events, though more are entering, some coming from adjacent areas like food delivery.
In stores, maybe MagicPin was addressing part of that space, but not quite the way we're approaching it, so there's no like-for-like today,” Ganjoo said.Building the Flywheel: District is focusing on cross-category engagement, which has nearly doubled in eight months; peak-day usage up to three times normal.In Q1FY27, NOV rose 60% YoY to Rs 3,218 crore, though adjusted Ebitda loss widened to Rs 65 crore.Eternal attributed the growth to seasonality while flagging that movies and events keep the business lumpy.Also Read: Eternal targets $20 billion in B2C NOV by FY28; $1 billion in adjusted Ebitda by FY29: Deepinder GoyalJungle pivots to AI and manufacturing in $300 million India plan133077376Jungle Ventures is raising India’s share of capital deployment to nearly 70%, up from about 35% in its third fund, as the Singapore-based investor concentrates new bets on artificial intelligence and advanced manufacturing, its founding partner Amit Anand told ET.
