Zomato, Swiggy Likely to Merge Just before the Amazon’s Entry In Online Food Delivery Business in India. India’s leading online food delivery startups Zomato and Swiggy grand mega merger on the cards soon amid looming threats from Amazon and UbeEats, according to media reports. Both Swiggy and Zomato are in negotiations over a strategic merger. […]
Bengaluru is the world’s scooter-sharing capital, shows a report by German e-scooter maker Unu. Thanks to mobility startups Bounce and Ola-backed Vogo, the city accounts for over 15,000 of India’s 20,000-odd scooters – much ahead of Madrid and Paris. The two desi ventures together clock over 100,000 rides a day even as cab-aggregators Uber and […]
Online travel firm MakeMyTrip is looking to add over 10,000 alternative accommodation properties in India in 2020, with the company expecting to achieve double-digit growth in the segment during the period. Currently, the company has 1,70,000 bookable properties in India and overseas in the alternative accommodation segment which includes villas, apartments, home stays, guesthouses and […]
Silicon Valley-based AngelList announces angel fund for individuals and institutions to raise capital upfront and invest in startups. A half year in the wake of propelling India devoted support, Silicon Valley-based AngelList has reported angel fund product for individuals and institutions to raise capital forthright and put resources into new companies.
India could boast more than 100 startups sporting $1 billion-plus valuations by 2025, domestic IT body Nasscom predicts. Its annual report on startups says the country will be home to 95-105 unicorns having a combined valuation of $350-390 billion. India is already home to 24 unicorns, a distant third after the US and China. Seven […]
Ola and Uber are looking beyond cabs in their hunt for growth, Economic Times reports. Industry experts say the companies are likely to focus on bike taxis and autos, car rentals, corporate tie-ups and collaborations with public transporters to shore up ride numbers as their core business slows. That’s because four-wheeler taxis aren’t affordable for […]