Reliance Industries is preparing to introduce a 30-minute grocery delivery service through its retail subsidiary, JioMart, starting next month. This is a big step towards expedited commerce. The program will launch in seven or eight large cities, with intentions to spread to over 1,000 places in the future, according to a Times of India story….
SUMMARY Zomato’s offer reportedly values the SaaS logistics platform Shiprocket at about $2 Bn but a final decision has not been made Shiprocket had raised $185 Mn in its Series E round co-led by Zomato, Temasek, and Lightrock India in 2021 The startup was last valued at $1.2 Bn following a $33.5 Mn fundraising last…
New Delhi: M2P Fintech, a digital banking infrastructure company, has acquired Goals101, a firm specializing in transaction behavioural intelligence, for approximately ₹250 crore. The move will enhance M2P Fintech’s data analytics offerings to its clients. Goals 101, a seven-year old company, has developed a platform that runs on advanced algorithms and analytics tools which provide…
In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. According to research platform Tracxn data, as of December 5,…
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New Delhi: Agilitas Sports, founded by Abhishek Ganguly, the former managing director of Puma India and South-East Asia, has raised ₹100 crore from Nexus Venture Partners. This funding is aimed at developing a range of consumer brands in the sports footwear and apparel sectors. Agilitas had secured ₹400 crore in May from funds managed by…
