The capital raised will be used for geographical expansion, accelerate product growth and innovation, invest in additional sales and marketing resources and evaluate strategic acquisition opportunities.
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Tag: International Finance Corp (IFC)
Next big thing in e-commerce, online grocery start-ups in India struggle
Once seen as the next big thing in online commerce, the euphoria surrounding e-grocery companies seem to have whittled. Online grocery start-ups such as LocalBanya, PepperTap and AAGAAR.com have already shut shop while Grofers continues to struggle to stay afloat, all of which point that the busi…