With wary VCs drastically cutting their investments in cash-burning start-ups, top two players in many categories are standing out from the herd
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Tag: Zomato
Why are food-tech start-ups once again investors’ choice in India?
At a time when investors’ confidence in the Indian start-ups ecosystem shook in post 2015, questions were being raised on the survival of market-sensitive sectors. Food technology being the worst hit saw funding slump down to $80 million in 2017 from an attractive $500 million in 2014. Are food-t…
Are Indian tech start-ups robust enough to run fast with nation’s digital drive?
The digital drive in India has altered the functioning of the industrial sector and put it on a fast track. In today’s cut-throat competition, every small or big company is following the common mantra of ‘Go Digital’ in a bid to make their strong online presence and fetch traction instantly. With…
Gurgaon may shine with big names, but Delhi homes more start-ups
The total number of start-ups in the NCR is 4,218 but guess what, Gurgaon is not topping this list. While Noida contributes to 20 per cent of the total number, with 784 start-ups, Delhi still has the lead with 45 per cent — concentrated mostly in South and Central Delhi. Nationally, Gurgaon comes…
Mumbai based hyperlocal delivery app Scootsy raises $3.6 mn from agnus capital, others
Mumbai-headquartered discovery and delivery service provider Scootsy has raised a $3.6 Mn Pre-Series A round led by Agnus Capital and Khattar Holdings. AntFarm, Scootsy’s incubator, also participated in this investment round. Founded in July 2015 by Rishi Khiani, Sandeep Das, Sanjay Ghai and Sun…
SaaS start-up Squad raises $2.1 mn from Blume Ventures, others
San Francisco- and Delhi-based software-as-a-service (SaaS) startup Squad, earlier known as SquadRun, has raised $2.1 million in a fresh funding round led by early-stage investor Blume Ventures, a company statement said. Contrarian Capital, 91springboard, Emergent Ventures, Abstract Ventures, Ant…
In rat race with Zomato, Swiggy set to get $50 mn in fresh funding
Swiggy, the online food delivery startup, is currently in talks with potential investors to raise at least USD 50 million in fresh funding. Among the potential investors include South African media company Naspers and Chinese conglomerate Fosun International, two people familiar with the developm…
Social fitness app Fitso raises $200K from former Flipkart exec, others
Gurgaon-based Jogo Technologies Pvt. Ltd, which runs health and fitness app Fitso, has raised $200,000 (Rs 1.3 crore) in angel funding from a clutch of investors including former president – operations at Flipkart Sujeet Kumar, Intelenet Global Services CEO Bhupender Singh and PolicyBazaar CEO Ya…
Indian food tech start-ups grew by 150% in 2016 despite funding slowdown: Report
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…
IITs fourth largest producer of unicorn start-ups in the world
Chennai: If you aspire to create a billion-dollar business in India, one of the IITs is your best bet. Sage, a UK-based accounting and payroll company, stated this in a research released on January 28. In a study that lists universities that have produced the most unicorn founders, the Indian Ins…