Sequoia India
Retail
Only 8% of Indians shop for products online: Bain & Company, Sequoia India
IANS -
India's social commerce sector, which is a $1.5 to $2 billion Gross Merchandise Value (GMV) market today, has the potential to grow to $16 to $20 billion in just five years, increasing to $60 to $70 billion in revenue...
Retail
Peppertap shuts grocery delivery, lays off 150 people
PepperTap, on-demand hyperlocal grocery delivery service, has shut down its cash-burning grocery delivery operations and has decided to focus on expanding its logistics business.
According to a report in PTI: Citing issues like high customer acquisition costs and poor app...
Progressive Grocer
PepperTap completes Series B round with USD 40mn
On-demand hyperlocal grocery delivery service PepperTap has received an additional USD4 million from InnoVen Capital as part of a series B funding round which is now closed after raising a total of USD40 million.
In September this year, the company...
Food Service
Zomato all set to launch exciting services, raises fresh USD 60 Mn
Restaurant search and food ordering company Zomato has raised a fresh round of funding to the tune of USD 60 million led by Singapore investment company Temasek Holdings with participation from Vy Capital.
The funds raised will be used for...
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Latest News
Retail sales grow 8% y-o-y in March 2024: RAI Survey
According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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