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Posts Tagged ‘ PepperTap ’

Will a possible BigBasket-Grofers merger stave off competition from Amazon?

Monday, January 16, 2017 | More »

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Online 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 expand...

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Grofers FY16 revenue drops, losses widen

Locodel Solutions Pvt Ltd, the company behind hyperlocal delivery startup Grofers, reported a sharp drop in revenue and a multifold jump in losses for 2015-16. Revenue for the year through March 2016 fell 32% to Rs 58.34 lakh from Rs 86.38 lakh the previous year, the company’s annual report filed ...

11 January, 2017 | More »

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Flashback 2016: Six startups that pivoted this year

Some entrepreneurs get it right the first time and succeed, some just give up. And then there are some who don’t get it right the first time but don’t give up either. What do they do? They pivot. As the euphoria of 2015—when investors were rushing to back startups in India—faded away, 2016 t...

28 December, 2016 | More »

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Flashback 2016: Funded startups that shut shop

When 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...

27 December, 2016 | More »

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Flawed business model or funding crunch: What led to startup shutdowns?

The 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 do...

9 December, 2016 | More »

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One funded Indian tech startup shut shop every 10 days this year

Well begun, as they say, is half done. By that measure, startups that managed to raise funding from marquee investors such as Sequoia Capital, Matrix Partners and Helion Ventures even before they began to earn revenue would surely have been on the path to success. But, a beginning however great is j...

6 December, 2016 | More »

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Online hypermarket operator urDoorstep bags $1.4 mn

Raising 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....

5 December, 2016 | More »

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Exclusive: Housing.com ex-COO to start online grocery venture

Two former executives at property portal Housing.com are starting an online grocery delivery venture, a segment that was investors’ favourite until last year but where many startups have shut shop after struggling to find profitable business models. Former Housing.com chief operating officer Risha...

17 October, 2016 | More »

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Why some investors are betting on competing businesses

Two weeks ago, Taiwanese chip designer MediaTek invested $60 million in One97 Communications, which runs Paytm, a mobile wallet platform and an online shopping site. In itself, the transaction is not unusual – Paytm is raising funds for growth and MediaTek is known for backing innovative firms. Wh...

12 September, 2016 | More »

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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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