End-to-end logistics solution provider Ecom Express has bagged a whopping Rs 192 crore funding in a new round from its existing investor Warburg Pincus. “We have been aggressive on our growth plans and intend to achieve our strategic goal of extending full state coverage to 23 states and cover 80…
Tag: LOGISTICS
IFC to increase focus on India by backing early-stage venture capital funds
As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
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GST Impact: Logistics industry likely to grow at 9-10% rate, says ICRA
The Goods and Services Tax (GST), which got introduced on July 1, is expected to be a good turn for the organised logistics players going forward. The logistics industry in India is likely to grow at a rate of 9-10 per cent over the medium-term, supported by underlying structural p…
ShopClues rolls out GST compliance services for over 6 lakh MSME merchants
ShopClues is introducing several merchant initiatives and workshops nationwide to have a smooth transition to the Goods and Services Tax (GST) framework. The online aggregator plans to pan over five lakh plus merchants under the new tax regime as it is required to file returns under GST, which wi…
MaxWholesale raises $1 m from Indian Angel Network & Maple Capital Advisors
MaxWholesale, a mobile-based B2B grocery supply chain, has raised $1 million in Pre-Series A round of funding led by Indian Angel Network (IAN) and Maple Capital Advisors. IAN investors include Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, amongst others. Bikky Khosla of Tradeindia, Pankaj Karna…
Logistics start-up Delhivery grabs a hefty $100mn investment
Logistics start-up Delhivery has raised $100 million capital in a latest round, led by Carlyle Asia Partners Fund IV. Along with Carlyle, Tiger Global Management has also participated in this round. As per the reports, US-based investment fund Carlyle Asia Partners IV has picked up a significant …
Logistics firm BlackBuck raises $70mn from Sands, Accel, others
Bengaluru: Truck aggregator BlackBuck has raised $70 million (Rs 476 crore) from Sands Capital and other existing investors. The company, founded two years ago, has so far raised $100 million and has more than a lakh trucks on the platform. The Bengaluru-based company, founded by logistics profes…
The start-up hub that was once in contention to be India’s Silicon Valley is battling persistent storms
There is an alley going towards the washroom at Starbucks in Powai. Both male and female entrepreneurs have pitched their ideas to me while waiting their turn to use the loo. That is the kind of exuberance that existed back then,” said investor Sanjay Mehta, recalling the heady days of Mumbai’s s…
Venture capital funding of logistics start-ups dips 68%
Hyperlocal logistics start-ups, the backbone for any e-commerce company, had a bumpy ride in 2016 in terms of fund raising and it does not seem to be getting any better. Venture capital funding into logistics start-ups has drastically declined by 68% to $124.61 million in 2016 compared to the pre…
TYGR secures $3 mn pre-Series A funding from Franchise India
Chennai: Logistics aggregator app TYGR, bagged its pre-series A funding of $3million, from lead investor, Franchise India, a franchise and retail solution provider and other investors. This fund will be utilised for marketing, product development, and to expand the franchisee-led distribution net…