Union Food Processing Minister Harsimrat Kaur Badal has taken up with the Finance Ministry the issue of high GST rate proposed on some products like pickles, murabba and papad and sought a review of the same. The Minister has also forwarded Coca-Cola India’s demand not to include fizzy drin…
Tag: GROFERS
SoftBank sets eyes on several Indian start ups; likely to fund Paytm, Big Basket
Mumbai: Japan’s SofBank Group Corp, one of the world’s largest investors in startups, is considering major investments in upcoming Indian entities such as Paytm and online grocer BigBasket. The possibility comes on the heels of talks with Flipkart for a merger with Snapdeal, wherein SoftBank is a…
Decoding GST: How it will impact Indian start-ups
Even as the government is still deliberating on the list of over 5,000 goods that will be taxed under the upcoming Goods and Services Tax (GST), Indian start-ups have welcomed passage of the Bill, which they feel will simplify conduct of business. Start-ups believe it will simplify taxation in th…
Retail start-ups see spike in orders, supply chain hit
Chennai: Startups, who had bet big on vegetable and fruit retail — like RainCan, DailyNinja and Ninjacart have seen an uptick in their orders even as management of their supply chain got tough with demonetisation. Online retailers said the length of the supply chain has been affected — from farme…
Planning a New Year party? These start-ups will help you out
New Year is around the corner and to add more cheers this time it’s falling on a weekend. While most of the people love to go out for a party, many love the idea of planning a house party as it’s more comfortable and pocket-friendly too. Given today’s fast moving life and busy schedules, people […
Internet economy: Reality check at start-ups
For Indian Internet start-ups, this year turned 2015 on its head. Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016. It was a total departure from the previous year, when start-ups tou…
Start-up funding declines, but no let up in deals
India’s start-up ecosystem may have seen a fall in funding this year, but there’s been almost no let-up in the number of deals, highlighting that investor appetite is still strong. Start-ups have attracted roughly $4 billion in funds so far this year, down from a heady $7.55 billion in 2015, whic…
Demonetisation: Yes Bank, Grofers tie up to deliver cash at doorstep
Extending facility to deliver cash at doorstep, Yes Bank has now tied-up with e-grocer Grofers allowing customers to get cash of up to Rs 2,000 when they order grocery online. “Grofers, the on-demand e-commerce mobile and web application, is opening up a new avenue for people to get cash …
Currency Switch Impact | Demonetisation powers online food delivery, grocery biz
While demonetisation may have led to a decline in sales of e-commerce firms due to the slowdown in cash-on-delivery orders, it has seen a rise in sales of companies which are into online food delivery business. For instance, foodpanda.in CEO Saurabh Kochhar said his firm has seen the number of or…
SoftBank & its uneasy ties with India’s start-ups
Those listening in on SoftBank Group Corp.’s second-quarter earnings briefing would have picked up an interesting anecdote in the question and answer session with founder and CEO Masayoshi Son. Back when Uber was still quite small, Son passed up a chance to invest in the San Francisco-based cab-h…