Buoyed by Lockdown demand, Grofers in talks to raise fresh fund

The nationwide clampdown may have stalled the Indian economy but it is having a reversal effect on grocery e-tailers. Virtually every online grocery company is reporting a surge in their demand and deliveries as people clamor hard to collect daily essentials. Encouraged by this skyrocketing demand, Grofers is now in talks to raise fresh tranche of…

ByGirish ShettiMay 3, 20200Comments

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Near.Store ties up with FMGC players to enter Hyperlocal space

E-commerce platform Near.Store has tied up with key FMGC players like Mondelez India and Marico to marks its entry in the hyperlocal space. The purpose of this partnership is to help deliver essential & daily use products to customer’s doorsteps and thereby assist them in coping with the lockdown. The other FMGC brands that have on…

ByGirish ShettiApril 30, 20200Comments

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Social E commerce startup DealShare enters Karnataka

DealShare, a social e-commerce platform that offers online shopping services to people hailing from low income segment, has forayed into IT city of Bengaluru. This almost two year startup is already providing services across 25 cities in leading states like Maharashtra, Gujarat and Rajasthan. Commenting on DealShare’s enter in Bengaluru, Mr. Vineet Rao, Founder and Chief…

ByGirish ShettiApril 29, 20200Comments

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Covid-19 bites Udaan, furloughs 1000 contract staff

The impact of coronavirus is already been felt across the entire Indian startup ecosystem. From bootstrapped startups to deep pocketed unicorn startups, the industry is resorting to mass lay-offs to help them cope with tough times. Now joining this long drawn list is B2B e-commerce startup Udaan. Udaan has furloughed nearly 1000 contract staff due to…

ByGirish ShettiApril 25, 20200Comments

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Exclusive: Mswipe denies reports of fund crunch; Claims Company has enough funds

B2b Fintech startup Mswipe has categorically denied reports that it is facing any fund crunch and is desperately looking for getting acquired. Earlier today, a leading media portal had reported that Mswipe is running out of funds and is in talks with companies like Paytm and Bharatpe for a sellout. The news portal cited the…

ByGirish ShettiApril 24, 20200Comments

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Swiggy may fire 800-900 Employees Next Month

Swiggy is likely to become the next high profile startup to hit by lay off blues in the aftermath of COVID-19 nationwide lockdown. According to sources privy to the matter, the foodtech major has received board approval for firing nearly 800-900 employees next month. Swiggy may fire 800-900 from its cloud kitchen unit next month.. Most of…

ByGirish ShettiApril 21, 20200Comments

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Moglix Forays in the UK and European markets

B2B ecommerce major Moglix has announced its foray in UK and other European markets, marking its first big international expansion. The details of the expansion are currently bit hazy, since it is still not known which European markets Moglix will be entering (apart from UK). Moglix enters in the UK and European markets to mark major…

ByGirish ShettiApril 20, 20200Comments

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Sachin Bansal Hired as the new MD of Navi Technologies: Report

Fintech firm Navi Technologies has hired Sachin Bansal as its new managing director, after the latter invested whopping INR 3000 crore in the company barely few weeks back. Navi’s management has approved Bansal’s appointment as the new MD, according to the media reports. Earlier this month, Flipkart’s ex-CEO and…

ByGirish ShettiApril 13, 20200Comments

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Facebook Sues Indian Techie over Deceptive ads

Facebook has filed a lawsuit against Thailand based Indian techie for running fake ads and spreading misinformation about coronavirus on its social media platforms. The lawsuit, filed in a California court, alleges that Indian techie’s software company ‘LeadCloak’ used a malicious technique called ‘ad cloaking’ to bypass its stringent ad review process. The name of…

ByGirish ShettiApril 11, 20200Comments

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Google & Apple are Collaborating for Covid-19 project

Two of the biggest powerhouses in mobile operating system – Google and Apple – are coming together for a noble project. This unlikely union and collaboration is taking place all for the sake of stemming the growth of coronavirus. The two companies have issued a white paper to provide a brief idea about this upcoming…

ByGirish ShettiApril 11, 20200Comments

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