Localbanya

5 startups that shut shop in 2016

It has been a tough year for e-commerce companies, which have been hard hit by market realities this year, their fund-raising game drastically lowered. Where 2015 led to a jump in registering startup-preneurs, 2016 proved to be a U-turn of sorts as...

Is there something wrong with food-tech startups?

A pure delivery model is a no-no because value-add is not great. As an investor, I would be inclined to invest my money in a food-tech startup that connects restaurants and consumers, enables discovery and has a rational costing...

Online grocery: Convenience trumps price

From pure-play and omni-channel to hybrids, the grocery e-tailing roll call in India is well and truly on. Grocery – given the perishable nature of some products and logistics bottlenecks – is not an "in favour category" with Indian e-tailers...

Amazon launches grocery delivery app in Bengaluru

Bangalore: E-Commerce giant Amazon launched a grocery delivery app, wriggling its way into the already crowded hyperlocal grocery delivery market. The space is currently occupied by domestic players like Grofers, LocalBanya and PepperTap. The app, Amazon Now, will provide shoppers...

What is wrong with food-tech startups?

Venture capitalists are always on a lookout for the next big idea. After placing their bets in e-commerce sector in India, the next sector that excited them was food-tech startups. As investors opened their purse strings for such startups,...

Grofers rolls back operations in nine cities

Hyperlocal grocery delivery app Grofers, has shut delivery operation in nine cities, where it started a pilot in September last year, as sales in these locations failed to garner traction. The cities where it has decide to stop services include...

FOOD TECH IN FOCUS

Hefty investments on customer acquisition, lucrative discounts and cash-back schemes left many food-tech startups floundering this year, before they actually took off -- LocalBanya, Dazo,SpoonJoy among others, are collectively a case in point. Lesson learnt. Most discovered that while monies...

Food tech startup woes: From an investor's lens (Part 1)

Venture capitalists are always on the lookout for the next big idea. After placing their bets in the e-comm sector in India, the next one that excited them was food tech . As investors opened their purse strings for...

Grofers raises USD120 mn in series C funding from SoftBank

Gurgaon-based hyperlocal delivery start-up Grofers has raised USD120 million (Rs 800 cr) in latest funds largely from Japan’s SoftBank Corp. Apoletto Asia, the personal investment vehicle of DST Global's partners, Russian billionaire Yuri Milner, and existing investors Tiger Global...

Is online food retail in the pink of health?

The online food retail space, which has gained momentum over the past year with scores of startups taking shots at both grocery delivery and foodservice, is appearing to be struggling for survival already, as funding gets harder to come...
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BlueStone celebrates the milestone of opening its 150th store

The brand strengthened its retail presence with the launch of its 150th store at Dimapur, Nagaland Bengaluru: Jewellery brand BlueStone celebrates the milestone...
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