Will Snapdeal really turn profitable in next two years?

Snapdeal_by-Junaid2Snapdeal co-founder Kunal Bahl has said that the e-commerce firm is looking to turn profitable in the next two years and that it doesn’t need to raise funds unless it decides to make an acquisition. “I see a relatively clear line of sight to (profit) and we’ve been making great progress in that direction also,” […]

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How a former Flipkart director founded his robo-advisory firm

FinAskUs-co-foundersAmar Choudhary’s decision to establish FinAskUs Technologies Pvt Ltd, an automated investment service focused on mutual funds for B2C mass customers, was based on his prior professional experience. As part of his stint at the Boston Consulting Group between 2005 and 2012, Amar Choudhary worked intensively in the mutual fund sector. The consultant, who later […]

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Why Ronnie Screwvala’s ed-tech startup UpGrad faces an uphill climb

startuo_feEvery year nearly two lakh students compete for barely 4,000 seats at the premier Indian Institutes of Management; in other words, 50 candidates for each seat. That statistic highlights the challenges in India’s higher education system. It also indicates the opportunities that a lot of ed-tech startups are tapping into by providing online courses designed […]

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Love in the time of disability, the Inclov way

VCCircle_InclovMovies, books, internet are all abuzz with dating tips, making it clear that finding your significant other is not an easy business. Throw in a disability, and dating becomes virtually impossible. Add to that the social realities of India, you can forget about ever finding that special someone. However, 30-year-old Anu Multani refused to settle […]

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TinyOwl may merge with Roadrunnr

startupOnline food ordering platform TinyOwl is likely to merge with hyperlocal on-demand logistics startup Roadrunnr in an all-stock deal, in a sign that consolidation is picking up in the consumer internet space at a time when access to fresh funding has become increasingly difficult for startups that fail to show profitability. The Economic Times, which […]

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What does PepperTap shut down mean for e-grocery business

paper_tap_feIndia’s third largest e-grocer PepperTap shutting shop does not just reveal the challenge of running a tech startup, aggressive expansion and the pain point of managing customer expectations as discounts recede with longer path to profitability. It also shines a light on the unique challenges related to the grocery vertical and throws some takeaways. E-grocery […]

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Exclusive: TruckMandi co-founder quits; startup to rejig business model

AnuragDelhi-based truck aggregator TruckMandi is going through a churn with co-founder Anurag Jain quitting, even as the startup tries to rejig its business model. “The current industry needs an overhaul, where more product and technology is required. From an operations-tech company we are transitioning to a tech product, rule-based company,” said Ankit Singh, co-founder, Truck […]

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How B2B marketplaces are riding the SME wave

Team-BizongoSanket Gupta, owner of Pune-based plastics products maker Shri Ram Plastics, hasn’t had to deal with the polymer traders in Pune and Mumbai since a business partner told him about online B2B marketplace Bizongo. He now buys goods worth Rs 10-12 lakh a month on the Bizongo platform. “We make the payment in the morning […]

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Funding is not a solution to every business problem

Startups need to curtail overspending. High cash burn rate is acceptable only for a short term. Startups need to be creative in their pursuit of getting more customers. Over-dependence on advertising (to get more users) depicts a lack of creativity and imagination on the founders’ part. Investors need to re-calibrate their approach towards senseless spenders. […]

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Subscription-based e-grocery startup RainCan raises seed funding from Ajeet Khurana, others

Pune-based Bloomskart Retail Pvt Ltd, the firm behind online grocery e-commerce startup RainCan, has raised about $100,000 (Rs 64 lakh) in seed funding from angel investor Ajeet Khurana and a number of other unnamed individuals. The startup will use the funds to strengthen its customer base and improve supply chain infrastructure, Munendra Singh, founder of […]

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