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Samsung Galaxy ‘M’ series smartphones now in India at Rs 10, 990

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New Delhi: Samsung India on Monday launched Galaxy M20 and M10 smartphones at a starting price of Rs 10,990 and Rs 7,990, respectively, to take on Xiaomi’s budget “Redmi” series in the country.

Galaxy M20 will be priced at Rs 12,990 for the 4GB+64GB variant, while the 3GB+32GB variant will cost Rs 10,990.

Galaxy M10 is priced at Rs 8,990 for the 3GB+32GB variant and Rs 7,990 for the 2GB+16GB.

 

Samsung India, Samsung Galaxy, Galaxy M, Galaxy M20, Galaxy M10, Xiaomi, Redmi, Smartphone, Amazon India, India, Gadget news, Technology news

 

The new Galaxy M series devices, available on Amazon India starting February 5, come with infinity-V display, dual camera with ultra-wide lens, and a new Samsung Experience UX.

“Today’s millennials want a smartphone that is lighting fast, runs longer and comes loaded with latest innovations. Customer-centric approach form a part of our DNA and the new Galaxy M series is an embodiment of that commitment,” said Asim Warsi, Senior Vice-President, Samsung India.

Galaxy M20 comes with a FHD+ 6.3-inch FHD+ infinity-V display, while Galaxy M10 has a HD 6.2-inch HD+ screen.

 

Samsung India launches Galaxy M20, M10 smartphones at Rs 10,990:

 

Both the devices come with “Widevine L1” certification for seamless HD content streaming via popular apps.

A big 5000mAh battery powers the Galaxy M20 and the power management feature has a multi-layered technology system that ensures low power consumption, the company claimed.

There’s type-C fast-charging with a 15W in-box charger.

 

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It is powered by Samsung’s latest Exynos 7904 octa-core processor.

Both Galaxy M20 and M10 sport dual rear cameras with ultra-wide feature.

Galaxy M Series customers on Jio 4G would be entitled to double-data offer on Rs 198 and Rs 299 plans.

 

Business

Zomato acquires UberEats India for nearly Rs 2,500 crore

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New Delhi: Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.

According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

“We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category,” said Goyal, Founder and CEO, Zomato.

According to company sources, for the first three quarters of 2019, “our Uber Eats business comprised 3 per cent of our global Eats gross bookings, but was more than 25 per cent of our global Eats Segment Adjusted EBITDA losses”.

Uber started its food delivery service in India around mid-2017, but has not been able to scale up in the face of big players like Zomato and Swiggy.

It currently has nearly 26,000 restuarants listed on its platform from over 40 cities.

The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023.

Uber CEO Dara Khosrowshahi said that the Uber Eats team in India has achieved an incredible amount over the last two years.

“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” said Khosrowshahi.

“We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” he added.

On January 10, Zomato had announced that it has secured $150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba.

The latest round of funding in Zomato, which currently value the company at $3 billion, is part of $600 million funding round announced by Zomato CEO Goyal at a Delhi event last December.

The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date.

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