INTRODUCTION Zomato and Swiggy are two big food delivery platforms of India. Both the startups have come under scrutiny by the Competition Commission of India (CCI). This reveals that the startups have used some exculsivity contracts with restaurant partners to breach the antitrust laws. Zomato and Swiggy Breached Competition Laws for their own benefits. This…
INTRODUCTION 1% Club Fires 15% Workforce and Sharan Hegde received a lot of criticism after this. This marks a major cost-cutting exercise for the startup. The decision affected nearly 30 employees. 1% club is a rapidly growing fintech startup. It offers some tools that can help you manage your finances. For example, you can calculate…
SaaS Focused AI Startup Pulse Bags Funding from Endiya Partners
Introduction Paytm has launched a UPI statement download feature to support users in managing expenses and tax filing. This tool is common in developed countries. But Paytm has launched this feature now in Indian market. This tool provides detailed transaction statements in a simple PDF format. Users can select specific date ranges, including entire financial…
INTRODUCTION Boldfit is a D2C firm. The startup is based in Bengaluru. Boldfit, raises INR 110 Cr ($13 Mn) from Californian venture capital firm, Bessemer Venture Partners. After receiving this funding, Boldfit can invest in product development. Moreover, this will help in brand visibility in the market. There are plans to open physical stores within…
The Hosteller is a backpacker hosteller chain. The journey of the startup began in 2014 and since then it has been working really hard. It specialises trips and workations. In 2015, a new hostel was launched in Jaipur. Since then, they have opened a lot of hostel chains for those who are eager to travel….
Dhoni-Backed Khatabook Clocks Rs 102.7 Crore Revenue
Zomato Hyperpure Warehouse Raid Hyperpure is a service of Zomato that delivers fresh and packed food items to restaurants, hotels, and caterers across India. Zomato hyperpure was started by Zomato because restaurant owners had to reply on various vendors for fresh delivery of food. So, Hyperpure is a place from restaurant owners can buy the…
Easy Bags $35 Mn
Revolutionizing Agriculture with Series A Funding Marut Drones is a Hyderabad-based drone technology company. The startup focusses on revolutionizing the agricultural sector. Marut Drones has secured $6.2 million in Series A funding from impact investor Lok Capital. Marut drones was founded in 2019 by IIT alumni. The startup aims to resolve the challenges which are…