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Food delivery and restaurant discovery company Zomato has recorded $206 million (about Rs 1,339 crore) in revenue for FY19, a three-fold jump in topline on-year, driven primarily by its core food delivery business.
Read More : Economictimes
This week one of the biggest funding came to Bengaluru-headquartered logistics startup BlackBuck which raised INR 553 Cr ($79.9 Mn) in a Series D round from Accel Partners US, Goldman Sachs and B-Capital.
After Ola, the Karnataka state transport department is now looking to stop the services of bike taxi company Rapido.
Several lending startups in India are returning to raise fresh equity because of an easing of the liquidity situation.
Budget hotel startup Oyo Rooms (Oravel Stays Pvt. Ltd) plans to create cloud kitchen brands, as part of its strategy to become a full-fledged hospitality chain.
Early-stage consumer-focussed investor DSG Consumer Partners has marked the first close of its $50 million third fund—DSGCP III—at $30 million, said the fund’s founder and managing director Deepak Shahdadpuri in an interview.
Online discovery and shopping platform Little Black Book (LBB) on Wednesday said that it has raised $5 million in Series-A funding round led by venture capital firm Inventus India and Indian Angel Network (IAN) Fund.
Budget hotel startup Oyo (Oravel Stays Pvt. Ltd) has cut its estimated net loss to a tenth of its overall sales in 2018-19 even as it continued to focus on expanding in India and South Asia, said Aditya Ghosh, the company’s chief executive officer.
Self-drive car rental platform Zoomcar (ZoomCar India Pvt. Ltd) is in talks to raise around $500 million in a fresh funding round led by automaker Mahindra and Mahindra Ltd, said two people aware of the development.
A little over a year after it introduced Syndicates to the India market, AngelList — the U.S. service that helps connect companies with investors — is rolling out its own fund in the country with the backing of some stellar names.
In 2007, Stefania Mallett and Briscoe Rodgers conceived of ezCater, an online marketplace for business catering, and began building the company in Mallet’s Boston home, mostly at her kitchen table.
When we started Ninjacart in 2015 as a B2C hyperlocal grocery delivery platform, our main aim was to help retailers take their inventory online.