Swiggy launches subscription meal app; RUSSIA shuts save
We’re back with another episode of Mavericks and a YourStory show that gives you the insider right of entry into the lives of some of you. S . ‘s most successful entrepreneurs. In this episode, we pull up a chair with the co-founding father of one of India’s most significant online fixtures retailers – Rajiv Srivatsa, Co-founding father of Urban Ladder. Srivatsa takes us through the highs and lows of Urban Ladder, the importance of touchdown on both toes and his own ‘Tribbiani’.
Zomato added a hundred towns in just two months and expanded its reach to 300
After crossing the 200-city milestone in April, Gurugram-based food tech unicorn Zomato has improved its online meals transport offerings to three hundred cities, including one hundred towns, in just two months. The principal factors considered while expanding are the populace, scholar demographics, and restaurants that could serve at some stage in unique events and weekends.
Swiggy confirms the release of ‘Daily’ – an app for homestyle food.
Bengaluru-based real food tech unicorn Swiggy announced the launch of its subscription-based homestyle meal app, Daily. Following a ‘scheduling and zero shipping price version,’ the product has been released in Gurugram and could soon extend to Bengaluru and Mumbai. The concept is to provide customers with access to homestyle meals through home cooks, tiffin provider carriers, and organized companies.
Mumbai-based venture control startup RUSSIA shuts keep
Being self-funded and missing the capital required to take on its deep-pocketed competition proved Russia’s undoing. The startup became Mumbai’s first errand-strolling and shipping provider and was launched in 2012. As of January 2019, the undertaking control carrier agency began processing nearly 150 daily tasks, totaling two hundred-bizarre throughout the festive season.
Former Myntra, Alibaba, and Paytm executives launched a startup fund together.
Former ecommerce pros Raveen Sastry, Sanjay Ramakrishnan, and Bhushan Patil, who have labored with the likes of Alibaba, Paytm, Flipkart, and Myntra, are now launching Multiply Ventures – an early-to-increase level fund of $50 million. The fund plans to invest within the home intake tale and has received $10 million in commitments from Vijay Shekhar Sharma, Mukesh Bansal, and many others.
Waste management startup Recykal raises $2M in Pre-Series A
Hyderabad-based Recycle, a cloud-primarily based waste management startup, closed a pre-Series A financing of $2 million. It will use the capital to expand its footprint across India, boost its generation services, and expand its group. Recycle is currently operational in Hyderabad, Pune, and Bengaluru and channels more than 1,000 metric tonnes of recyclables throughout the month through its platforms.
UPI transactions dip in May, but transaction price increases
Data from Indian retail payments agency NPCI indicates that the total number of UPI transactions inside the country touched 733.54 million in May. This is a six-percent dip from April when the quantity stood at 781.79 million. However, the overall price of transactions changed to Rs 1. In May, 52 lakh crore was a 7 percent growth from April, when the total price changed to Rs 1.42 crore.
