In January, the firm co-led a $105 million round in mobility startup Bounce, while also participating in B2B packaging materials marketplace Bizongo’s $30 million Series C funding round.
The company has already piloted electric autos in Chandigarh with SUN Mobility, where the EV platform offers swappable batteries and interchange stations to select OEMs. Uber has also tied up with e-cycle sharing app Yulu to offer bicycle rentals to customers in Bengaluru.
Teenagers, college-goers, housewives from small towns and cities are driving the bulk of demand for such services where a celebrity wishes you or loved one on important occasions, companies say.
Flipkart has over the last few months ramped up its supply chain capabilities and engagements with manufacturers in the run-up to the launch.
Twitter-backed Sharechat’s daily active user number has been broadly flat over the last six months, according to data sourced from tracker AppAnnie.
As a part of the deal made with its Limited Partners the portfolio companies that Alpha Wave Incubation (AWI) backs will have to have a core team technology presence in Abu Dhabi, people in the know said.
Payment companies are seeking regulatory intervention against alleged inefficiency at banks.
Swiggy currently has 100 such brands on its platform that were co-created with 95 restaurant partners across 13 cities.
Singapore, US, UK and UAE are preferred due to stable regulations, subsidised tax rates and investor interest.
Over half a dozen companies are taking over kirana stores to control branding, merchandising and invoicing. What helps is that mom-and-pop stores today are more digitally savvy compared to even five years ago and are slowly embracing technology.
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