Soonicorns like Nykaa, UrbanClap, Grofers to the rescue with 2X more jobs next year: HR firm Xpheno
HR firm Xpheno categorised 79% of tech startups, such as Lending-Kart, Nykaa, Pinelabs, UrbanClap, Practo, Zoomcar, Grofers and ShareChat, as soonicorns. The report predicts that these companies will be doubling their aggregate headcount to 36,000 next year.
Dunzo gets $45 million to fight Swiggy, Amazon
After the fund-raise, the company has been valued at $180-200 million. Google, which made its ...
Indians ordered 95 biryanis per minute; falooda is the new favourite dessert this year
The humble khichdi witnessed a 128 per cent increase i...
Startups should be allowed to list outside: Rajan Anandan
There are at least 10 to 20 companies which are ready to get listed if the government enables this, the Sequoia MD said.
Swiggy now in 500 Indian cities, targets 100 more this year
Swiggy has progressed from launching in one city every two months in early 2018 to launching in four cities a day in the month of September.
Next big wave of technology Unicorn listings could be in India
Mohandas Pai said that liquidity and valuations shouldn’t be concerns for companies seeking to list, as the market is “flush with money” and India investors have shown a willingness to pay up for growth stocks.
Zomato frontrunner to acquire UberEats
Talks for the acquisition come even as Zomato is in the midst of raising capital where it has already got a commitment from existing backer Ant Financial for $200 million. The funding round will value Zomato over $3 billion, and a potential share-swap may also happen using that benchmark.
Flipkart, Swiggy-backer Accel eyes $700 million fund
The final size of the fund is still being decided, and Accel could end up raising more than its stated intention.
NRAI holds follow up meetings with Swiggy and Zomato
Follow up meetings with both Swiggy and Zomato on the eight core issues were largely positive and talks have progressed well so far, NRAI stated.
Food firms feast on binge watching
Streaming services driving sales in food delivery, ready-to-eat, packaged food segments. The surge is more evident for restaurants, with fine-dining and quick service outlets reporting faster growth in home delivery, which has resulted in aggregators Swiggy and Zomato also reporting swift growth.
Road, net shutdowns disrupt e-commerce
Among the many disruptions caused by multicity agitations against the citizenship Act is the effect on deliveries and orders of large e-commerce operators. While online food delivery business has suffered a hit of 25-30%, other online categories have seen a drop of 3-5%, said businesses.
'In-principle agreement with Swiggy, Zomato on delivery'
The National Restaurant Association of India (NRAI) has said that there is an in-principle agreement between the association and the two major online delivery aggregators, Zomato and Swiggy to resolve the issues of the industry including deep discounts.
Swiggy, Dunzo open doors to dark stores to go hyperlocal
Swiggy and Dunzo have tied up with wholesalers for the first, while they have teamed up with Jumbotail for the second.
NRAI flags concerns with Swiggy, Zomato, other aggregators
Restaurants body says deep discounting and data masking hurting players.
What SoftBank’s new vision means for Indian industry
SoftBank made a big-bang entry in the industry in 2014, when it announced three investments totalling $1 bn.
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