Experimented by IITians Samar Singla (CEO) and Chinmay Agarwal (CTO), Chandigarh-based Jugnoo began as India’s first auto-rickshaw aggregator in November 2014 with the objective of making daily commute easy and reliable.
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Tag: GMV
Here’s why 2017 will be an interesting year for Indian start-ups
Even as 2016 comes to a close, startups are hopeful that the New Year will bring in some joy. The last two months of 2016, have been a dampener for the Indian startup ecosystem in hyper-local, food tech, software and investment domains. While grocery e-tailing and payment wallets have gained this…
Amazon to open ‘seller cafes’ to offer on-ground help
Online marketplace Amazon India is opening ‘seller cafes’ across 24 cities and towns to offer on-ground help to merchants on its platform ahead of the festival season. “We are opening 24 ‘seller cafes’ in cities and towns to offer on-ground support to sellers to help…
Indian online retail market to trail behind China: Report
The Indian online retail market will grow at a much slower pace as compared to China, says a new report by Kotak Institutional Equities which estimates gross sales or the value of merchandise sold on ecommerce platforms, referred to as GMV, to reach $28 billion by 2020. India’s online retai…
$1 billion club in sight for Myntra
Myntra said it recorded gross sales worth $1 billion on an annualised basis in July riding on the success of an aggressive end-of-season sale. The company, which also acquired rival Jabong last month, now controls over two-thirds of the online fashion market with parent Flipkart, which is widely …
Paytm plans to invest in three-four start-ups in India
Paytm, mobile wallet and e-commerce marketplace, is expected to close three-four start-up funding deals this month as part of its investment programme from a corpus of $150-200 million fund which the company had started in 2015, Kiran Vasireddy, Senior Vice President at Paytm told. “Most of the s…
Flea market gives Paytm, Shopclues a high
Online marketplaces ShopClues and Paytm have said consumers in small towns and cities are fuelling their weekly ‘flea market’ sales. Flea market gives Paytm, ShopClues a high; strategy helps them differentiate from larger firms The strategy of a Sunday ‘flea market’— where…
Voonik acquires three startups
Sequoia Capital-backed fashion marketplace Voonik has acquired three startups to build its premium fashion product Vilara . The company has now acquired five startups in the past six months. Voonik, which is focused on curated fashion, is attempting to strengthen its leadership in the unbranded f…
Droom raises Rs 200 crore from a consortium of Japanese and Chinese investors
Online marketplace for used automobiles and auto services Droom has closed a Rs 200 crore funding round, a transaction that comes at a time when mid-to-late stage funding in India continues to be under severe stress. The Series B round of equity financing has been led by Singapore-based investor …
Mobikwik offers loans to wallet users to push digital payments
Fin-tech company Mobikwik is expanding its services by offering instant micro loans to wallet users running short on balance as part of its efforts to boost digital payment usage in the country. The company, which competes with Alibaba-backed Paytm, started pilot on the project a few weeks back a…