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Posts Tagged ‘ LocalBanya ’

Hunger deaths don’t deter fund flow to food startups

Monday, August 8, 2016 | More »

The 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 [&...


Grocery app MovinCart shuts down

Hyperlocal 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 to...

6 May, 2016 | More »


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

Media 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...

2 May, 2016 | More »


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 »


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

Online 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 f...

3 February, 2016 | More »


Recap 2015: Ten startups that lost their way

A 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 diverse reasons. Cost cutting became a central theme for ventures that were incessantly burning cash. A few unfortunate one...

29 December, 2015 | More »


Fresh food vendor Greencart.in raises angel round of $1.5M

Mumbai-based Greencart Ventures Pvt Ltd, which runs an e-com venture for fresh produce and gourmet food under Greencart.in, has secured $1.5 million (Rs 9 crore) in what us being an angel round of funding from Techno Group. Techno Group has interests in engineering, hospitality, construction, real...

31 March, 2014 | More »


Online super market LocalBanya raises Series A funding from Mumbai realtor

Mumbai-based MN&C Supply Links Retail Pvt Ltd, which owns and operates online super market LocalBanya.com, has raised an undisclosed amount in Series A funding from Karmvir Avant Group, a real estate developer in Mumbai. “This cash inflow empowers us with the resources to scale up operations,...

9 January, 2014 | More »