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Posts Tagged ‘ hyperlocal ’

Fashion discovery app Findow gets seed funding, eyes tier-two cities

Tuesday, September 13, 2016 | More »

Findow
Fashion discovery app Findow has received an undisclosed amount in seed funding from Raj Singh Bhandal, director at Next Media Works, it said in a statement. The app, run by Findow Marketing LLP, introduces shoppers to brands, boutiques, retailers, designers and stylists. It also helps shoppers loca...

Zapmart

Why hyperlocal grocery startup Zapmart wants to open offline stores

Online hyperlocal grocery startup Zapmart plans to set up brick-and-mortar stores, as the Mumbai-based company seeks to avoid the risks that sank several ventures in the segment. Zapmart founder Parvez Siddiqui told TechCircle the physical stores will be part of an omni-channel strategy and help att...

7 September, 2016 | More »

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Sequoia India-backed Indonesian on-demand services platform Go-Jek raises $550 mn

Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyperlocal shopping app Go-Jek, has secured $550 million in funding from a clutch of investors that include investment firms KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. Existing investors Sequoia I...

4 August, 2016 | More »

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Exclusive: Syska invests in hyperlocal grocery delivery startup Tokri

Pune-based hyperlocal delivery startup Tokri has raised a pre-Series A round of funding from Syska LED group, a top company executive told Techcircle.in. The firm has raised $2.5 million (around Rs 16.7 crore), with a commitment from Syska to put in more money, said Neeraj Kansa, co-founder of Tokri...

1 August, 2016 | More »

GrocShop1

Exclusive: Grocery delivery startup GrocShop folds as pain spreads

Mumbai-based online grocery delivery firm GrocShop has shut down, joining the growing list of startups that failed to find a profitable growth model in a segment which until recently was attracting investors in droves but is now feeling the pinch of a slowdown in funding. GrocShop co-founder Ayush G...

30 June, 2016 | More »

layoff

Grofers lays off staff, revokes campus offers

Tiger Global-backed grocery delivery firm Grofers has let go some employees and revoked campus job offers as part of a restructuring of operations, indicating the growing pains Indian startups are facing as the funding crunch deepens. “In the past couple of months, we have been making some necessa...

29 June, 2016 | More »

Machadalo-team

Exclusive: Ad-tech venture Machadalo gets $175K

Hyperlocal advertising technology platform Machadalo.com, which is run by Mumbai-based Vijaikirti Technologies Pvt Ltd, has raised $175,000 (Rs 1.17 crore) in a seed round of funding from a group of angel investors, a top company executive told Techcircle.in. Close to 18 investors, including serial ...

31 May, 2016 | More »

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Exclusive: Restaurant food pre-ordering app Zeppery shuts shop

Mobile app Zeppery which allows users to pre-order food at restaurants and other food outlets and thus avoid long queues has decided to shut shop, barely six months after commencing operations, a senior executive told Techcircle.in. “We were trying to copy, Tapingo, a US-based startup, but realise...

13 May, 2016 | More »

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Micro-delivery startup Milkbasket raises $500K from EVC, others

Gurgaon-based Aaidea solutions Pvt. Ltd, which runs micro-delivery grocery startup Milkbasket, has raised $500,000 (Rs 3.3 crore) in a pre-Series A funding round led by venture capital firm EVC Ventures. Chinese investors Peter Zou, CEO of YeahMobi, and Li Jian, founder of Zhu Dao Investments, also ...

26 April, 2016 | More »

PepperTap

Why VC-backed PepperTap shut its hyperlocal grocery business

Gurgaon-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 expansio...

25 April, 2016 | More »