Small-cap SME stock jumps 3% after partnership with Zomato. Do you own?
Cellecor Gadgets share price rose by 3.4% during Friday's trading session following the firm's announcement of its partnership with Zomato. The company noted in an exchange filing that this collaboration is being managed comprehensively by Orbis Nova, the official third-party operations partner for Zomato's delivery partner app.
From bringing brands on board to overseeing procurement, logistics, and partner accessibility, Orbis Nova is efficiently leading the initiative to guarantee effective last-mile distribution, said the company in an exchange,
As it embarks on its extensive rollout, Cellecor will supply 10,000 units of its top-tier smart devices, which include compact home appliances, to delivery partners who have been integrated into Zomato through the in-app store. Renowned for their long-lasting battery life, intelligent features, and sturdy construction, these products aim to meet the demands of an always-active, industrious gig workforce.
'We're excited to be part of this meaningful initiative. Delivery partners are the backbone of India's digital economy, and we are proud to contribute to their empowerment with reliable, Made-in-India technology,' said Mr. Ravi Agarwal, Co-Founder and MD of Cellecor Gadgets Limited.
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Economic Times
32 minutes ago
- Economic Times
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NDTV
an hour ago
- NDTV
In New Era In Private Spaceflight, HAL To Operate Small Indian Rockets
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Dr Pawan Goenka, Chairman, IN-SPACe, said, "As India looks at realizing the $44 billion space economy earmarked for 2033, it is imperative to enable a robust public-private-partnership model. The SSLV technology transfer marks a pivotal moment in India's transformative commercial space segment, as this is one of the first instances of a space agency transferring complete launch vehicle technology to a company. Under this technology transfer agreement, HAL will have the capability to independently build, own, and commercialize SSLV launches." As per estimates, ISRO spent under Rs 200 crore for the development of its latest SSLV launcher which has had three successful launches and the per cost of the SSLV is expected to be about Rs 30-35 crore. It weighs 120 tonnes and is 34 meters high and a rocket can be assembled in less than a week which is a great turnaround time. The SSLV serves a niche market for on-demand launch services for the under 500 kilogram satellite market. 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