Jugnoo Autos Will Now Deliver Groceries
Just when you thought it was accepted that grocery delivery wasn’t really working as a business model in India, another company has decided to throw its hat in the ring – but with a twist.
Author: Bart Eshwar
Bart Eshwar is interested in startups, business and green tea. He is currently nursing an unhealthy obsession with Donald Trump.
The Old Meets The New: Flipkart Ties Up With Kirana Stores For Deliveries
Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery program. As a part of this initiative, the company plans on powering last-mile delivery using personnel at the corner stores in a radius of 500 to 800 metres.
In A Cruel Twist Of Fate, Travis Kalanick’s Girlfriend Now Owns Shares In His Biggest Rival
Travis Kalanick’s girlfriend owns shares in Apple. With Apple’s investment in Didi, her money will essentially fund the Chinese company as it tries to push Uber out of China.
The Indian Wallets Space Has A Big New Entrant: Reliance
Finally a big player has taken note and decided to throw its hat in the wallets ring. Reliance quietly launched its JioMoney wallet on the Play Store yesterday.
New Startup Idea Not Working Out: Rahul Yadav
Rahul Yadav, who’d earlier claimed that his new startup would be unlike anything that the Indian industry had ever seen, and had said that it would be 10x bigger than any other internet company, has said that his new startup idea is not working out.
Zomato CEO Deepinder Goyal Emails Employees After HSBC Valuation Cut
After reports that HSBC had slashed Zomato’s valuation by 50%, valuing it at just $500 million, Zomato CEO Deepinder Goyal wasted no time in clearing the air. In an email sent this morning to Zomato’s global employees, Goyal talks about Zomato’s numbers, points out how HSBC’s report might have overlooked certain aspects, and urges his team to “get back to work.”
Unicorn No More? HSBC Slashes Zomato’s Valuation By Half
It’s the season of markdowns. After Flipkart has seen its valuation being marked down by as many as 4 separate investors, HSBC has valued Zomato at about $500 million, a full $500 million short of the $1 billion valuation at which it had raised funds last year.
Snapdeal Enters Yet Another Vertical, Starts Hyperlocal Services
After lots of small startups had proliferated the Indian hyperlocal services space, the biggies are now coming in in droves. After Quikr had launched its hyperlocal arm, and Facebook had made a bold play in the space, India’s 2nd biggest e-commerce company, Snapdeal, has launched its own version of hyperlocal services.
In A First, Swiggy Introduces Surge Pricing For Deliveries
If cabs can do it, why should food startups be any different? In what is possibly a first for the food delivery industry, Swiggy is now charging surge prices for certain orders.