AskMe Group, a consumer focused internet firm focusing on hyper local businesses, is doubling the reach of its grocery delivery arm to more than 80 cities and aims at a five-fold growth in deliveries this financial year. Askme Grocery, which claims to be the largest online grocery player with pr…
Companies, Finance & Markets
Government seeks industry’s views to improve ease of doing business
The government is seeking feedback from industry on the hurdles they face when dealing with regulatory bodies, a move aimed at making it easier to do business in the country. “We are working towards improving our rankings on the World Bank’s ease of doing business index, and also taki…
Rivigo gearing up to spend $100 million in new fiscal to beat rivals
Surface transport logistics services provider Rivigo, is gearing up to spend between $80 million-$100 million in the new fiscal, as the SAIF Partners-backed venture looks to outdistance its peers, by expanding at a rapid pace. Founded by IIT Kanpur and IIM Lucknow alum Deepak Garg and Stanford G…
Domestic e-Commerce market may grow to $102 billion by 2020
The domestic e-Commerce (B2C) market could grow to almost $102 billion by 2020 from $16 billion in 2015, according to the latest report by the Confederation of Indian Industry (CII) and consultancy firm Deloitte. The number of online shoppers could rise to 220 million by 2020 from 39 million in 2…
PepperTap to focus on Logistics business
Hyperlocal delivery startup PepperTap is closing grocery delivery operations in the next one month. The startup will instead pivot and focus on building a logistics company to compete with startups including Delhivery, Flipkart’s ekart division and go Javas head on, multiple sources told ET…
Licious raises $3 million from mayfield India
Bengaluru-based consumer food brand start-up Licious has raised $3 million in Series A funding from Mayfield India II Management, a global fund that has made investments in start-ups like Simplilearn and Amagi. The money will be used to spur product innovations by partnering with Executive Chefs …
Carzonrent to focus on corporate car rental business
Carzonrent, which operates radio cabs service Easy-Cabs, said it will not compete with taxi-hailing services such as Uber and Ola, but would focus on growing its corporate car rental business and self-drive venture Myles over the next 3-4 years. Rajiv Vij, CEO, Carzonrent, said “We are a profit-m…
Venture fund invests Rs 52 crore in Greenvision Technologies
Singapore-based venture fund Vintage Energy & Resources has invested $8 million (Rs 52 crore) in Bengaluru-based Greenvision Technologies, a company engaged in research, design and manufacture of lead-acid batteries. Founded by first-generation entrepreneurs Biju Bruno (48) and Atul Mehta (52…
Ujjivan expects modest growth on way to becoming a small bank
Bengaluru-based Micro Finance Institution Ujjivan Financial Services, which will hit the primary market on April 28 with a Rs 900-crore IPO, expects moderate growth in the next couple of years as it transitions into a small finance bank. “The RBI has told us for the first two years that we …
ixigo launches 1-Tap Cab Booking, that books cabs even without internet or GPS
ixigo, India’s leading travel search app has announced the launch of “1-Tap Cab Booking” on the ixigo cabs app – an innovative feature that allows booking the nearest available cab in one tap of a button on the user’s home screen. Currently available for Android, 1-Tap Cab Booking will wor…