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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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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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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Hunger deaths don’t deter fund flow to food startups

food-startupsThe hunger for a small pie of the large food genre continues to inspire startup entrepreneurs as well as investors. In the week ended August 4, at least four food startups, two among them in the dreaded food-tech genre that saw heavy casualties in the past eight to 10 months, got a thumbs up from […]

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Grocery app MovinCart shuts down

movincart_feHyperlocal grocery delivery app MovinCart has closed down its operations, with two of its three founders setting up a logistics-tech startup, a person close to the development, who did not want to be identified, told Techcircle.in. According to the person, the hyperlocal delivery space had become too crowded and was facing challenging unit economics. Therefore, […]

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Exclusive: BCCL’s Brand Capital picks stake in two Indian tech unicorns

Brand-CapitalMedia conglomerate Bennett, Coleman and Company Ltd (BCCL) has picked a small stake in two Indian technology ‘unicorns’ through its ad-for-equity investment arm Brand Capital, expanding its exposure to digital business beyond its in-house arm Times Internet. For full report click here

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Why VC-backed PepperTap shut its hyperlocal grocery business

PepperTapGurgaon-based PepperTap began its online grocery delivery business in late 2014 and quickly expanded to become the third most heavily funded player after BigBasket and Grofers. Its end was equally quick. The startup late last week decided to shut down its main business after months of rapid expansion showed no signs of profitability and deep […]

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Amazon unveils hyperlocal grocery delivery app, to dabble in used goods

AmazonOnline marketplace Amazon India on Wednesday started a hyperlocal grocery delivery service via an app in a development that could intensify competition for startups such as Grofers, LocalBanya and PepperTap. The local arm of Amazon.com Inc. launched its Amazon Now app that offers two-hour delivery for daily essential items. The service is currently available only […]

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Recap 2015: Ten startups that lost their way

Recap-logoA bunch of Indian entrepreneurs discovered the rough side of the fancied startup life in 2015. While these ventures showed a lot of promise, they seem to have lost the plot for a diverse set of reasons. Cost cutting became a central theme for ventures that were incessantly burning cash. In a bid to sustain […]

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