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Lava refreshes its feature phone A7 Wave in India for Rs 1,799

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Lava, A7 Wave, Feature phone, Domestic mobile company, Mobile phone and Smartphone, Gadget news, Technology news, Business news

New Delhi: Domestic handset maker Lava on Thursday launched A7 Wave feature phone in India for Rs 1,799.

 

Lava, A7 Wave, Feature phone, Domestic mobile company, Mobile phone and Smartphone, Gadget news, Technology news, Business news

 

The dual tone finish device has a 2.4-inch display, polycarbonate body and is powered by a 1750mAh Li-ion battery that the company claims lasts for six days on a single charge.

The memory can be expanded up to 32GB.

 

Domestic company Lava launches A7 Wave phone in India for Rs 1,799:

 

“Feature phone is seen as a commodity by marketers. The innovation of dual colour… we are happy that this innovation in feature phones has come from Lava’s R&D division,” Tejinder Singh, Head of Product-Feature Phones, Lava International Limited, said in a statement.

 

Lava, A7 Wave, Feature phone, Domestic mobile company, Mobile phone and Smartphone, Gadget news, Technology news, Business news

 

The budget device supports 22 languages including English, Hindi, Punjabi, Gujarati, Tamil, Telugu and Kannada.

The Lava A7 Wave currently comes with a one-year replacement guarantee along with six months replacement offer (on accessories).

 

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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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