Ravi Gururaj’s QikPod’s Intelligent Locker Networks To Help Ecommerce Deliveries

QikPod will launch a network of intelligent lockers for delivery of ecommerce parcels to online consumers across the metros. Parcel Locker is a unit that is installed alongside neighborhood delivery and collection box units or in conjunction with Post Office Boxes in a retail facility that is used for parcel delivery. The startup venture will be launched by serial entrepreneur Ravi Gururaj backed with a $9 million funding from Flipkart, Delivery, Accel Partners and Foxmobile.

Quikr Ventures Into The Entertainment Industry

From a cross category classifieds business, Quikr has now ventures into the entertainment industry, partnering with filmmakers. It has signed a memorandum of understanding (MoU) with filmmaker Vivek Bohra and casting director Aadore Mukherjee, to launch a platform for actors, casting directors, and production houses. The new platform will unite the different entities which will o help meet the needs of the entertainment industry.

Grofers Raises $120m; Valuation Jumps Threefold In Less Than A Year

Grofers has wrapped up a $120 million (Rs.800 crore) funding led by Japan’s SoftBank, thus taking the ecommerce stores to a valuation of $400 million. Other investors included Apoletto Asia, the personal investment vehicle of DST Global’s partners, Russian billionaire Yuri Milner, along with existing backers Tiger Global Management and Sequoia Capital India, according to Grofers CEO Albinder Dhindsa.

Travel Food Services Looks To Raise Rs.150 crore For Expansion Plans

Travel Food Services, a subsidiary of Mumbai based K Hospitality, has big plans for the coming year, looking at raising investments of Rs.150 crores for its hospitality food service and travel retail businesses. The company manages brands such as Smoke House Bar & Cafe, KFC, Domino’s, The Coffee Bean and Tea Leaf, Cafe Coffee Day and Haagen-Dazs at the country’s airports

TN Industry Stalwarts To Help Government Kick Start Startups

A team of entrepreneurs which include founders of companies like Cognizant’s Lakshmi Narayanan and Arun Jain of Polaris are in talks with the Tamil Nadu state authorities to conceive a plan that will help startups reduce registration time. This initiative is in alignment with the Centre’s plan to help startups speed their registration and other processes enabling them to go-to-market sooner.