B2B grocer Jumbotail gets $14.2 million to close Series B funding round
Jumbotail, a business-to-business e-commerce marketplace for groceries, will use the funding to fuel its expansion plans, double down on its J24 store network, and launch a suite of services for FMCG firms.
Udaan forged tie-ups with more than 2,500 brands in midst of Covid
Udaan connects manufacturers and brands with small retailers across three categories - food (staples and fresh vegetables), non-food (electronics and fashion), and pharmaceuticals.
Arzooo secures $7.5 million Series A funding led by WRVI Capital
Arzooo plans to use the funds raised to scale its operations in the eastern and western regions of the country as well as strengthen its technology platform Go Store.
Business with turnover of over Rs 100 crore to generate e-invoice for B2B deals from Jan
The electronic invoicing system for business to business transactions was implemented on a mandatory basis for companies with turnover above Rs 500 crore kicked into effect from October 1.
B2B tech startups driving tech adoption in India: NetApp Zinnov study
Over 415 B2B tech startups received a cumulative equity funding of $3 billion with a two-fold growth in average funding. A key driver of this growth is an increase in cloud-born startups that are using advanced technology to solve new use cases across industries.
Flipkart Wholesale launches service in 3 cities
Flipkart Wholesale will compete with other deep-pocketed players like JioMart, Udaan, Metro Cash & Carry, and Amazon’s B2B division.
Mindtree founders set up Rs 200 crore fund to invest in B2B tech startups
Mela Ventures will invest upto $1 million in companies in areas such as artificial intelligence, machine learning, augmented reality or virtual reality and quantum computing. The firm has already shortlisted a AR/VR firm that is focused on the retail industry in which it would invest later this month.
Business with turnover above Rs 500 crore to generate e-invoice for B2B transactions
New Delhi, Jul 31 () Businesses with turnover of Rs 500 crore and above will generate all B2B invoices on a centralised government portal starting October 1.
Matrix, Sequoia lead $10 million round in B2B startup Bijnis
Bijnis, formerly known as ShoeKonnect, has raised $10 million led by Matrix Partners India and Sequoia Capital India, along with existing investors Info Edge and Waterbridge Ventures.
SBI readies Rs 1,000 crore B2B e-market only for MSMEs
YONO is currently used by the bank to hawk its products and as an e-commerce platform. It is expecting regulatory clearances to come through as the B2B marketplace is not going to earn it revenue but help with its banking business.
B2B firms exempted from using only BHIM, RuPay for accepting payments
The relaxation has been issued for B2B companies, “If at least 95% of aggregate of all amounts received during the previous year, including amount received for sales, turnover or gross receipts, are by any mode other than cash,” the Central Board of Direct Taxes clarified on Wednesday.
A pivot to B2B signals new direction for fintech startup ClearTax
Earlier this week, ClearTax obtained the licence to be a GST Suvidha Provider, enabling it to offer tech solutions to taxpayers.
B2B unicorns need 50% less funds than B2C
India's unicorn club has increased from just about nine companies at the start of 2018 to close to 30 now, collectively valued at about $100 billion, according to an Iron Pillar report.
Avataar Venture Partners to invest $300 million in B2B and SaaS companies
Avataar Venture Partners will typically put in $10-$30 million in its portfolio companies, aiming to make about 10 investments from its maiden fund.
Investors make a beeline for B2B fintech startups
Investors are increasingly looking at getting the fundamental metrics right like profitability, unit level of economics, customer acquisition cost, and are only then willing to pump capital