Fashion e-tailer Zilingo eyes Unicorn Status with latest Funding

Singapore headquartered Zilingo is on the cusp of achieving the coveted status of Unicorn. This after the Southeast Asian fashion marketplace raised $226 Mn in Series D funding round. Sequoia Capital, Temasek, Burda Principal Investments and other investors including existing investors led the round. Singapore based Zilingo raised $226 Mn in Series D round Zilingo will use…

ByGirish ShettiFebruary 13, 20190Comments

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Swiggy Moves Beyond online Food Delivery Business

Swiggy on Tuesday made a surprise announcement that clearly marked company’s future aggressive strategy for growth. The Bengaluru headquartered company said that it will now soon start delivering home essential products to consumers. These home essential products would mainly include groceries, vegetables, baby care items and medicines. Swiggy will soon start delivering home essential products This will…

ByGirish ShettiFebruary 12, 20190Comments

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Alibaba bets on Video Intelligence Platform Vidooly

Alibaba has decided to take a bet on India’s fast-growing video analytic market after the Chinese giant along with Times Internet infused $2.11 Mn (15.08 Cr) in video intelligence startup Vidooly. Alibaba and Times Internet infuse $2.11 Mn in Vidooly According to Vidooly’s latest filing with Ministry of Corporate Affairs (MCA), the Delhi based company raised the…

ByAnkit KumarFebruary 9, 20190Comments

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BigBasket is Inching Towards Unicorn Club: Report

Bengaluru based online grocery company BigBasket is likely to become the latest entrant in the coveted unicorn club, Economic Times (ET) claims after citing unknown sources. ET’s report further claims that BigBasket’s existing investor Alibaba and two new investors UK government-owned CDC Group and South Korea’s Mirae Asset Global Investments will be participating in the upcoming round. BigBasket is…

ByAnkit KumarFebruary 8, 20190Comments

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Oyo Rooms is Testing Waters in U.S. Market: Report

India’s largest hospitality company Oyo Rooms is gearing up for a big leap of faith as it is busy testing waters in the U.S market, according to sources familiar with the matter. This is obviously part of the ongoing rapid international expansion strategy that has propelled Oyo to some of the most lucrative hospitality markets…

ByAnkit KumarFebruary 7, 20190Comments

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Zomato may Divest its UAE Business to Compete with Swiggy

Zomato is in talks to sell its UAE business to German based food delivery firm Hero Delivery, according to sources familiar with the matter. The Gurgaon headquartered firm is likely to rake in $200 Mn-$250 Mn with this deal as it looks to shore up the financial resources to take on its arch rival Swiggy. Zomato…

ByGirish ShettiFebruary 1, 20190Comments

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Flipkart’s New Office may Land you in a Co-working Space

Walmart owned Flipkart is now looking for a new office in Bengaluru that will stand as a separate entity from its sprawling head office inside the Bengaluru’s Embassy Tech Village. However, this new office may land you in a co-working space and not in a traditional rental office. Flipkart in talks with WeWork & others for…

ByGirish ShettiJanuary 8, 20190Comments

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Uber India Witnessed Bumper Growth in Revenue & Net profit in FY18

Uber’s India business is steadily consolidating its performance as has been revealed by its latest filing, which was accessed by business intelligence platform Tofler. As per the filing, the revenue of Uber India - Uber India Technology – grew by 19.67% to touch $3.05 Mn (INR 21.5 Cr) in the financial year ending March 2018.…

ByGirish ShettiJanuary 3, 20190Comments

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Amazon is Planning to take a Huge bet on Whole Foods store in 2019

It seems that e-commerce giant Amazon has decided to enter 2019 with a New Year resolution of expanding physical stores across the United States. It plans to achieve this resolution by increasing the counts of Whole Foods Grocery stores across suburban cities and other areas, according to Wall Street Journal (WSJ). Amazon is planning to big…

ByGirish ShettiJanuary 1, 20190Comments

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Govt’s new Rules may make Life little Difficult for Swiggy & Zomato

It seems like India government is in no mood to give any more leverage to the startup world. Barely 48 hours after issuing new guidelines for the E-commerce industry that has made Flipkart & Amazon worried, it has now issued new guidelines for the foodtech sector as well. These tough new guidelines may make life…

ByGirish ShettiDecember 28, 20180Comments

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