Will a possible BigBasket-Grofers merger stave off competition from Amazon?

For-BigBasket-Merger-Story_ThinkstockPhotos-519469680_feOnline grocers BigBasket and Grofers have both rejected a media report of a possible merger. This has not prevented experts from speculating about what could probably be the biggest merger in the e-grocery segment. Such a consolidation would create an entity with a lion’s share of India’s expanding online grocery market, much like the Myntra-Jabong […]

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Grofers FY16 revenue drops, losses widen 15-fold

Grofers3Hyperlocal delivery startup Grofers India Pvt. Ltd reported a sharp drop in revenue and a multifold jump in losses for 2015-16, hurt by rapid expansion and high costs that subsequently forced it to curtail operations and lay off staff. Revenue for the year through March 2016 fell 32% to Rs 58.34 lakh from Rs 86.38 […]

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Flashback 2016: Six startups that pivoted this year

flashback-logo_feSome entrepreneurs get it right the first time and succeed, some just give up. And then there are some who don’t get it right the first time but don’t give up either. What do they do? They pivot. As the euphoria of 2015—when investors were rushing to back startups in India—faded away, 2016 turned into […]

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Flashback 2016: Funded startups that shut shop

ClosedWhen an unfunded, rookie startup shuts shop, not many are surprised. But one can sense the upheaval when well-oiled, promising startups begin to fail–in that sense, 2016 was a forgettable year for India’s tech startups. At least 32 well-funded tech startups folded up in 2016, compared to merely 17 in 2015, according to a Techcircle […]

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Flawed business model or funding crunch: What led to startup shutdowns?

startups_feThe startup euphoria that was evident in 2015 seems to have subsided in 2016 with the demise of several well-funded ventures such as PepperTap, Intelligent Interfaces, Fashionara, Purple Squirrel and Flashdoor. According to a Techcircle analysis, at least 32 funded tech startups reported shutting down their operations in the first 11 months of 2016 compared […]

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One funded Indian tech startup shut shop every 10 days this year

ThinkstockPhotos-511734232Well begun, as they say, is half done. By that measure, startups that managed to raise funding from marquee investors such as Sequoia Capital, Matrix Partners and Helion Ventures even before they began to earn revenue would surely have been on the path to success. But, a beginning however great is just that—a beginning. And […]

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Online hypermarket operator urDoorstep bags $1.4 mn

For-UrDoorstep-Story-TC_ThinkstockPhotos-486217378Raising its second bridge round in six months, Bengaluru-based online hypermarket operator urDoorstep Eretail Pvt. Ltd has secured $1.4 million (Rs 10 crore) in funding. While Rs 5 crore was raised as debt from Lakshmi Vilas Bank, an equal amount was invested by an unnamed high net-worth individual. Quoting Dinesh Malpani, founder and CEO of […]

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Exclusive: Housing.com ex-COO to start online grocery venture

Housing_feTwo former executives at property portal Housing.com are starting an online grocery delivery venture, a segment that was investors’ favourite until last year but where many startups have shut shop after struggling to find profitable business models. Former Housing.com chief operating officer Rishabh Gupta has co-founded ‘The Box’—a subscription-based groceries startup—along with Vaibhav Chhimpa, a […]

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