Work fulfillment platform Awign, which is based in Bengaluru, has earned $15 million in a Series B round that was co-led by Bertelsmann India Investments and Amicus Capital Partners. It also received funding from Mynavi Corporation, Unitus Ventures, and the Michael & Susan Dell Foundation. Annanya Sarthak, Gurpreet Singh, and Praveen Sah, three IIT graduates … Read more
CommerceIQ, the leading Retail Ecommerce Management Platform, today announced the appointment of Kal Raman as President. In this role, Raman will lead CommerceIQ’s product strategy, research and development, and customer success functions, as well as support the company’s global expansion and go-to-market strategies. Raman has served as a special advisor for CommerceIQ since April 2022. He joins the … Read more
Flipkart, India’s homegrown e-commerce marketplace, today announced the signing of a Memorandum of Understanding (MoU) with the District Administration of Varanasi, Government of Uttar Pradesh, to enable national market access for artisans, weavers, people with disabilities and of Varanasi. Through this partnership, iconic goods such as Banaras Sarees, Handmade Carpets, Zardoji Craft, Metal Crafts, and Handmade … Read more
Taskmo, Quess Corp. backed, an on-demand Gig Tech platform has witnessed over 66% rise in gig work during the month of June this year. As many as 5 lakh gig tasks were offered during the month compared to 3 lakh gig work in May this year as Fintech and E-Commerce companies started preparations for the … Read more
The Global eCommerce Market is Segmented by Type (Buyer-oriented E-commerce, Supplier-oriented E-commerce, Intermediary-oriented E-commerce), by Application (SMEs, Large Enterprises). Due to the COVID-19 pandemic, the global E-Commerce market size is estimated to be worth USD 7750530 Million in 2022 and is forecast to a readjusted size of USD 20313450 Million by 2028 with a CAGR … Read more
Swiggy, a food and grocery delivery service, has agreed to buy restaurant table reservation platform Dineout from Times Internet in a definitive deal. Swiggy will now be a complete foodtech platform, from delivery to table reservations. Swiggy is now directly competing with Zomato’s table reservation service, Zomato Book. Swiggy said in a news release that … Read more
Unicorn in logistics On Tuesday, a day before its shares open for bidding on May 11 as part of its initial public offering, Delhivery raised Rs 2,347 crore from 64 anchor investors, a mix of marquee domestic and international investors (IPO). The anchor investors received 48 million shares at a price of Rs 487 per … Read more
GoKwik, an e-commerce enabling firm, has secured $35 million in a Series B round headed by RTP Global and Think Investments. Existing investors Sequoia Capital India and Matrix Partners India also participated in the round. The fresh capital follows GoKwik’s $15 million Series A round in November of last year, bringing the company’s total fundraising … Read more
Swiggy, the Bengaluru-based food aggregator, has shut down its subscription-based commerce platform Supr Daily. The firm informed its customers that it will cease operations in five cities, including the Delhi-NCR region, on May 12. Supr Daily was started in 2015 by IIT Bombay grads Shreyas Nagdawane and Puneet Kumar and acquired by Swiggy in 2018. … Read more
Entersekt, a global leader in device identity and authentication solutions, today announced that Capitec Bank has implemented its innovative EMV 3-D Secure solution that boosts the security of e-commerce payments, while reducing friction for cardholders. Entersekt’s solution leverages behavioral analytics from NuData Security, a Mastercard company, that provides industry-leading risk-based authentication technology. This builds on the partnership between Entersekt … Read more
Deepinder Goyal, co-founder and CEO of online food aggregator and delivery platform Zomato, has announced that he will donate the whole revenues from the vesting of some of his employee stock option plans (ESOPs) to the Zomato Future Foundation (ZFF). Goyal received some ESOPs before Zomato went public last year, and some of them vested … Read more
Xirify- a Pune-based hyperlocal, quick commerce App for ordering products and services announced integration of Cashfree Payments, Petpooja, Gupshup, Exotel, and Brozo (Previously known as Wefast), to become a one-stop order management solution for business partners. Having created a mark for itself in the marketplace which is to a large extent dominated by big players, … Read more
According to regulatory papers issued by the firm, Walmart-backed Flipkart invested $116 million in apparel retailer Myntra on March 25th. The news comes just days after the e-commerce giant announced that it will list in the United States next year and that its IPO valuation target has been upped by a third to $60-70 billion. … Read more
Reliance Retail Ventures Ltd (RRVL) announced on Sunday that it had purchased an 89 percent ownership in Purple Panda Fashions Pvt. Ltd, which owns the Clovia girls’ innerwear and lounge wear brand. The transaction included both a secondary equity purchase and first funding. Clovia’s founding group and management will own the remaining portion, according to … Read more
FarMart acqui-hired fruits and vegetables (F&V) logistics platform, Subjimandi.app to optimize our logistics and expand our product portfolio by entering into the F&V categories. Subjimandi.app was set up in 2020 to replace the physical marketplace and has a strong network in India across the states of Maharashtra, Telangana, and Andhra Pradesh. Their approach has been … Read more
UpScalio, a digitally led ‘House of brands’ in the utility consumer goods space, has raised $15m in a pre-series-B round, led by Gulf Islamic Investments, with participation from a consortium of lenders including Northern Arc and Unity bank. This fund raise announcement comes shortly after UpScalio’s mega series-A round fundraise of $42.5M in August last … Read more
