The slowdown in funding environment has seen startups re-evaluating their fund management strategies to stretch available capital a long way.
Mumbai-based Housefull said it stopped selling its furniture on Mebelkart in February after the digital marketplace failed to clear dues of up to Rs 28 lakh.
The mixed cash and equity deal is a business acquisition and YourGuy’s 200 delivery personnel and the team of 20 will be absorbed by Sprintr.
The firm manufactures its line of cold coffees and bottled dairy beverages including milkshakes and markets them across 100-plus modern-trade stores.
Moglix, which said its revenue has grown 40% month-on-month since January, competes with Tolexo, which counts IndiaMart as an investor.
Considered a pain point for large delivery companies as well, last-mile delivery has seen multiple players emerge over the last year.
Online marketplace Snapdeal is looking to monetise its zero-commission marketplace Shopo, which is targeted at small sellers and home-preneurs.
The focus is on sourcing locally and tightening the supply chain to serve a specific region to reduce costs of logistics and returns.
Employee costs at India’s leading startups account for about 35% of their overall cash-burn rates, according to industry analysts.
“Apart from this, majority of our sales are generated through wellness and beauty services and we will expand those to Bengaluru and Hyderabad.”
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