India’s leading Cryptocurrency Exchange Zebpay is Shutting Down

Zebpay, one of India’s leading cryptocurrency exchanges, is winding up its operations. Zebpay will be stopping all its exchange business from today itself, i.e. September 28, 2018. Company, however, said that it will continue to operate its wallet services. The development seems to be direct consequence of RBI’s recent diktat to ban banks from undertaking any…

ByGirish ShettiSeptember 28, 20180Comments

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Swiggy to focus on Cloud Kitchen for faster delivery and growth

Swiggy has decided to aggressively pursue its cloud kitchen business model to enable faster delivery services for their customers. India’s leading food delivery startup had launched cloud kitchen model under the new vertical ‘Swiggy Access’ last year only for Bengaluru restaurants. Zomato’s rival now aims to bring onboard over 300 restaurants spread across different cities in the…

ByGirish ShettiSeptember 27, 20180Comments

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Pinterest is eyeing India & SE Asia for expansion: Report

San Francisco based Pinterest, which allows web browsers to create virtual pinboards, is now eyeing India and South East Asian countries for international expansion. Currently, Pinterest boasts approximately 250 million monthly active users, but half of these active users come from outside the U.S. market. The huge international traction has forced the company to keep pushing…

ByGirish ShettiSeptember 26, 20180Comments

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Netmeds buys Telemedicine portal JustDoc for little under $1 Mn

Netmeds acquires JustDoc little under $1 Mn JustDoc will help the company to add online diagnostic services to its kitty Netmeds will absorb JustDoc’s technology to roll out online diagnostic services soon. This is Netmeds second acquisition Online pharmacy startup Netmeds has acquired telemedicine portal JustDoc in a…

ByGirish ShettiSeptember 25, 20180Comments

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Ola & Uber see Drastic Slowdown in the Growth of Daily Rides: Report

The two biggest sharks in India’s cab hailing industry - Ola & Uber - have reportedly witnessed serious slowdown in the growth of their rides over the past one year. However, if grapevines are to be believed then both companies are least surprised by this downward trend. Industry experts claim that this downward trend is the…

ByGirish ShettiSeptember 24, 20180Comments

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Livspace secures $70 Mn Series from TPG Growth & Goldman Sachs

Online home designing startup Livspace has secured $70 Mn in series C funding round. The round was led by US-based private equity company TPG Growth and global investment giant Goldman Sachs. The funding also saw participation by existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures. Following the latest funding round, Livspace’s total funding has…

ByGirish ShettiSeptember 19, 20180Comments

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After OZ & UK, Ola all set to tap into New Zealand Market

Barely hours after raising $50 Mn, Ola made another important announcement on Tuesday. India’s home grown cab hailing company has announced that it is all set to make foray in New Zealand (NZ). This will mark cab hailing company’s third international operation, followed by its recent launch of operation in U.K. and also in Australia…

ByGirish ShettiSeptember 18, 20180Comments

BigBasket and Grofers are reportedly in the initial stage of merger talks

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Are BigBasket and Grofers heading for a Grand Merger?

If grapevines are to be believed then India’s two biggest grocery startups – BigBasket and Grofers – are in the initial stage of a possible merger talks. The merger talks have been pushed by their respective investors – Alibaba Group Holding (investor in BigBasket) and SoftBank Group Corp (investor in Grofers). Logically, …

ByGirish ShettiSeptember 17, 20180Comments

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Small Sellers demand CCI to keep Flipkart’s large Sellers at bay on Big Billion Day

A group of small online sellers have knocked on the doors of India’s competition watchdog to restrict large sellers from getting preferential treatment in Flipkart’s annual Big Billion Day (BBD) festival. The group, which is been represented by All India Online Vendors Association (AIOVA), has lodged its compliant in a written letter to the Competition…

ByGirish ShettiSeptember 14, 20180Comments

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Fitness startup Curefit will launch quick service restaurants in Bengaluru

Fitness startup Curefit is all set to start a new vertical that will cater at satisfying hunger pangs with healthy dose of breakfast. The startup will unveil two quick service restaurants (QSR) in coming weeks in Bengaluru city. The distinctive feature of this QSR is that it will offer healthy breakfast for people who are…

ByGirish ShettiSeptember 11, 20180Comments

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