Online food tech industry saw a 150% in order volumes in 2016 despite a funding squeeze and multiple players scaling down their operations or shutting shop, according to a new study. After a heady 2015, Food tech sector was one of the worst affected sector in the funding slowdown last year. The s…
Tag: RedSeer
B2B online marketplace Udaan.com raises $10 mn from Lightspeed
Udaan.com, a business-to-business online marketplace, on November 22 said it has raised $10 million in series A funding from venture capital firm Lightspeed Venture Partners India and Lightspeed US. Udaan was launched earlier this year by Sujeet Kumar, Vaibhav Gupta and Amod Malviya, former senio…
Why Mark Zuckerberg thinks an Indian EdTech start-up is worth millions
India is currently the fastest growing major economy in the world, and that’s a title that doesn’t come without its own set of challenges. Depending on who you ask, it’s often argued that India’s number one challenge moving forward is the need to transform its current one-size-fits-all approach t…
E-Commerce sales to touch $1.5-1.7 bn in Oct: RedSeer Report
eFestive sales are expected to help e-Commerce companies register transactions worth USD 1.5-1.7 billion in October, according to research firm RedSeer Consulting. “With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments. It is going…
Uber plans major investment in India operations
Online cab aggregating platform Uber Technologies, which raised $3.5 billion on June 1st 2016 from Saudi Arabia’s Public Investment Fund, is likely to invest a substantial portion of this fund in Indian operations. This is likely to intensify the competition in the growing online taxi market in I…
Snapdeal invested $300mn in supply chain, logistics in 18 mnths
E-commerce major Snapdeal has pumped in $300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics and facilitate the increase in shipment volumes. The city-based firm has seen 1.9 times increase in shipment volumes from 1.29 lakh daily shipments last…