Dunzo
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Quick commerce is making fast inroads in India
Even as quick commerce is slowly fading in many markets and several heavily funded startups have folded shop in the past two years, India is emerging as a striking outlier where the model — of delivering items to customers in 10 to 20 minutes — appears to be working. India’s quick commerce market has witnessed…
Flipkart has weighed acquiring Reliance-backed instant delivery startup Dunzo
Indian e-commerce giant Flipkart has held discussions in recent weeks about potentially acquiring Dunzo, the hyperlocal delivery startup backed by Reliance Retail, three sources familiar with the matter told TechCrunch.…
Dunzo, backed by Reliance and Google, delays employee salaries again
Dunzo informed its employees on Wednesday that it would not be able to meet the postponed deadline for their monthly wages as trouble mounts at the hyperlocal delivery startup that…
Zepto becomes India’s first 2023 unicorn with $200 million fresh funding
Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday, at a time when most other firms…
India’s Dunzo defers staff pay, to cut jobs amid funding search
Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month and plans a new wave of layoffs as soon as Thursday as the Google and Reliance…
Reliance Retail and Google, two existing backers of Dunzo, are among those holding discussions to invest in the new round, sources said.
Google-backed DotPe, which helps businesses in India go online and sell digitally, is in advanced stages of talks to raise about $50 million in a new financing round, a source…
Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain expands to the instant commerce space, a category that has…
India’s Blume Ventures raises $105 million in the first close of its fourth fund
Blume Ventures said on Wednesday it has raised $105 million in the first close of its fourth fund, less than two years after finalizing its previous fund, as investment activity…
Zepto, a 10-minute grocery delivery app in India, raises $60 million
Two 19-year-old entrepreneurs, who previously collaborated on a number of projects including a ride-hailing commute app for school kids and left Stanford last year to pursue a new startup, said…
Google is writing a check to another startup in India. The Android-maker, which last year unveiled a $10 billion fund to invest in the world’s second-largest internet market, said on…
India’s Flipkart gives hyperlocal delivery service another try
Flipkart on Tuesday launched a hyperlocal service in suburbs of Bangalore, four years after the e-commerce group abruptly concluded its previous foray into this category. The e-commerce group, owned by Walmart,…
Covidmaps lets you find grocery stores and pharmacies in India
More than half a dozen volunteers have banded together in India to launch a crowdsourced tool to help people in the nation identify and locate nearby grocery stores, pharmacies, and…
Unacademy, one of India’s fastest growing education startups, has just received the backing of a major technology giant: Facebook. The social juggernaut has participated in the four-year-old Indian startup’s Series…
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How Bykea is winning Pakistan’s ride-hailing and delivery market
Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s tech startups. India now has more than 25,000 startups and raised a record $14.5 billion last year, according to government figures.…
Google-backed Dunzo raises $45M to expand its hyperlocal delivery startup in India
An Indian startup that is increasingly posing a threat to established food and grocery delivery businesses and e-commerce giants just closed a new financing round to expand its business in…
Milkbasket, a Gurugram-based micro-delivery startup, is in talks to close a new financing round as it looks to expand its footprint in the milk, grocery, fruit and vegetable delivery market…
Y Combinator-backed Vahan is helping low-skilled workers in India find jobs on WhatsApp
The emergence of online hyperlocal services and e-commerce firms in India has led to the creation of about 200,000 jobs for blue-collar workers who deliver items to customers, according to…
A91 Partners, a new VC fund from former Sequoia Capital India execs, closes $351M maiden fund
India’s growing number of startups now have one additional VC fund that will listen to their business ideas. A91 Partners, a new VC fund founded by former partners at Sequoia Capital…
Amazon, reeling from recent regulatory hurdles, pumps $404M into its India business
Following months-long intense regulatory setback in India, Amazon is moving back to spending big bucks to grow its business in the world’s second largest internet market. Amazon has infused Rs…
Online grocery startup Grofers lands $200M led by SoftBank’s Vision Fund
Hot on the heels of Indian delivery startup BigBasket raising $150 million — at a unicorn valuation, no less — so its close rival Grofers has also pulled in capital…
