After two years of hyper growth fuelled by a funding boom, India’s startup sector is busy getting back to the basics. And as these enterprises get ready for the new year, the glass looks more half full than half empty compared with the year gone by. Data from startup researcher Tracxn show …
Tag: Flipkart
Currency Switch Impact | Who gains, who loses
It has been a little under two weeks since Prime Minister Narendra Modi declared that Rs 500 and Rs 1,000 notes will no longer be legal tender. Although it is still early days, the impact of the move to squeeze 86% of India’s currency in circulation is beginning to take effect. While the sudden m…
‘We learnt about app metrics from start-ups we invested in’, say Flipkart Founders
One start-up as the most external funding, the other has been bootstrapping for 20 years. Both Flipkart Founders Sachin Bansal and Binny Bansal, and Zoho’s Sridhar Vembu have started giving back, investing time and money in other startups. Flipkart’s billionaire Founders Sachin Bansal…
Food delivery start-up Swiggy posts 65 fold increase in losses
Bengaluru: Food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) posted a near 65-fold increase in losses for the fiscal year ended March 2016, indicating heavy cash burn and poor unit economics in food start-ups. Swiggy’s revenue rose to Rs 23.59 crore for the year ended 31 March from Rs 1…
Paytm, Freecharge launch ‘Wallet on Delivery’ to counter COD
In a move that may end the era of cash on delivery (CoD) forever, mobile wallets Paytm and Freecharge today launched ‘Wallet on Delivery’ (WoD), which will allow users to pay on delivery by using their e-wallet. Paytm in an official tweet said: “Goodbye, COD. We’re working with our co…
Cash on delivery: 2 million shipments stuck with e-tailers
E-commerce players who stopped accepting orders made through cash on delivery (CoD) on Wednesday collectively have 1.6-2 million shipments stuck in the pipeline which were ordered through this payment route, as per industry sources. The government’s move to ban Rs 500 and 1,000 currency not…
Currency Ban Impact | Start-ups encouraging online transactions, gaining new customers
Even if temporary, markets wore a deserted look today across India as high value cash in hand became just a paper overnight for Indian citizens. Modi’s surgical strike on black money has had an impact on traders and parallel economy who used to deal only in cash, especially in India’s…
Angels rush in as logistics sector is set to touch $10 bn
Venture capital firms scanning Indian markets for the next big investment opportunity after consumer internet would do well to have their eyes trained on technology-driven logistics startups. The market for logistics-technology businesses, which include delivery startups, truck aggregators and wa…
Online wallet, payment firms account for 50% of fintech start-up buyouts in 2016
Indian financial technology start-ups saw 12 acquisitions in 2016, according to a report published by the start-up tracker, Tracxn. Six of these were in mobile wallet and online payments segment, which includes PayU Payments Private Ltd’s acquisition of Citrus Payment Solutions Pvt. Ltd in a $130…
VCs seed the best of funds for start-ups
Mumbai: Are fears of a slump in startup investments overplayed? That seems to be the case as funding commitment – from investors to venture capital funds has octupled to Rs 9,469 crore between October 2015 and September 2016 vis-a-vis Rs 984.81 crore in the corresponding months of the previ…