BUSINESS
Licious invests $1 million in pet food startup Pawfectly Made
Arpita Ganesh founded Pawfectly Made in 2020 who had earlier founded online lingerie brand Buttercaps which was acquired by Amazon.
BUSINESS
D2C funding volumes flatline in March quarter as sector set to consolidate
Beauty and wellness, apparel and accessories, and food will consolidate
BUSINESS
Zomato's 10-minute delivery goes live in Gurugram
Zomato had faced a lot of flak from the netizens and delivery partners for this 10-minute strategy. However, the space is seeing quite a momentum with all the major players upping their quick commerce strategy.
BUSINESS
CoinDCX CEO Sumit Gupta: The best companies in the world are built in the toughest of times
The platform’s valuation has doubled to $2.15 billion after its $135 million Series D fundraise, eight months after it turned unicorn.
BUSINESS
The new brain drain: Indian Web3 startups flock to Dubai amid regulatory uncertainty, stiff taxes
Entrepreneurs are looking for places where they are welcome, supported and provided various benefits. Some jurisdictions, like Dubai, are scrambling to create favourable rules and regulations to attract entrepreneurs and thus becoming epicentres for Web3. India is losing out.
BUSINESS
Zomato starts piloting 10-minute food delivery with employees in Gurugram
Zomato earlier had said it will be able to deliver biryani, momos, bread omelette, poha, coffee, tea, and even instant noodles in ten minutes. Ola too is offering items such as pizza and rolls in 10 minutes in Bengaluru through its quick commerce service, Ola Dash.
BUSINESS
Y Combinator-backed Zepto launches 10-minute food delivery service 'Cafe' in Mumbai
In its last round, Zepto raised $100 million in a round led by YC Continuity at a valuation of $570 million, within months of raising $60 million in its first institutional round.
BUSINESS
Why banks are playing hard to get with crypto exchanges
The attention garnered by Coinbase’s announcement allowing UPI on its platform, followed by UPI operator NPCI distancing itself from the remarks, has led banks to rethink their association with crypto exchanges, say industry sources
BUSINESS
Rapido raises $180 million in Series D round led by Swiggy
This round comes at a time when Swiggy’s rival Zomato has announced 10-minute food delivery
BUSINESS
Web3 startup EPNS raises $10.1 mn led by Jump Crypto,Tiger Global, Polygon Studios and others
The EPNS team will leverage the funding to expand the team and develop beyond the Ethereum ecosystem. It will also help EPNS push for faster adoption of the protocol, enhance the protocol and enable developers and wallets alike to integrate the protocol.
BUSINESS
Double whammy for crypto volumes as MobiKwik pulls rug from under exchanges in wake of stiff tax laws
WazirX, CoinDCX, and Zebpay see drop in trading volumes, as per data by CREBACO.
BUSINESS
Coinbase stops payments via UPI in India, volumes down after Mobikwik withdrew services
Notably, UPI payments are not allowed on other crypto exchanges as well, while Mobikwik wallet, which had partnered with major crypto exchanges, has stopped supporting crypto trading
BUSINESS
The rise and rise of community managers: The new stars of the Web3 universe
In Web3, a community team is as important as a product team
BUSINESS
Transactions volumes plunge after crypto tax comes into effect in India
Last week, Moneycontrol reported that this new move of crypto tax will be a major hurdle for the smaller investors and is anticipated to drive the retail investors to the grey market.
BUSINESS
EXCLUSIVE | Trell exits AppsForBharat, sells 10% stake to Mirae Asset and MSANovo
AppsforBharat was founded by Prashant Sachan, one of the co-founders of Trell.
BUSINESS
Crypto exchanges brace for new tax rules, expect small investors to move to grey market
This move will be a major hurdle for the smaller investors and is anticipated to drive the retail investors to the grey market, that is the decentralised exchanges.
BUSINESS
B2B food supply startup FarMart raises $32 million in Series B funding round
FarMart banks on tech and data to source at scale and uses underutilised assets in the food value chain to build a high growth and contribution margin profitable business.
BUSINESS
Trell mulls sale of its stake in AppsForBharat
Trell was founded in 2016 by Pulkit Agrawal, Arun Lodhi, Prashant Sachan, and Bimal Kartheek Rebba. It is a community-based social network to discuss and exchange lifestyle trends.
BUSINESS
Personal care brand mCaffeine raises Rs 240 crore in Series C funding round
Till date, mCaffeine has raised a total of $40 million across three funding rounds, and claims to be profitable.
BUSINESS
Shopee's short-lived India foray to end on March 29, amid mounting pressure from local retailers
Shopee is still advertising a sale event on April 4, at the time of writing this article. Offer letters were also being released till last week, indicating that the transition plans are still not clear at the firm, sources told Moneycontrol.
BUSINESS
Cloud kitchen company Rebel Foods announces $10 million ESOP
This comes at a time when, cloud kitchens have gained traction as the pandemic forced people to stay indoors and order food online.
BUSINESS
Pivots, struggle, and aha moment: How OnJuno found the right crypto product for the US market
After years of pivots in business strategy, OnJuno founders Varun Deshpande, Ratnesh Ray, and Siddharth Verma seem to have found the right product market fit with a crypto native platform and have closed its Series A round.
BUSINESS
Beauty brand Plum raises $35 million led by A91 Partners
So far, the company has raised a total of $50 million. With this new round of funds, the brand plans to strengthen its technology, brand building, and expand its offline presence.
BUSINESS
Inside Zomato’s 10-minute delivery gamble: A value proposition and risk
Frozen foods, robotic equipment to automate food preparation, predictive analytics and finishing stations are among the elements being put into play for Zomato’s latest initiative.
