Author: Editorial
Bengaluru, 1 April 2021: DusMinute, India’s first omnichannel amenities platform for gated communities, has raised 1.1 million USD in pre-series A round of funding led by Indian Angel Network (IAN), along with a few High Net-worth Individuals (HNIs). Launched in October 2017 in Bengaluru, DusMinute offers amenities like supermarket, pharmacy, home services, café, and more, through the in-society store and an exclusive app, for residents of gated communities. The startup has ensured safe and convenient shopping experience for its users, especially during the lockdown period, by delivering all necessities within minutes from their own community store. According to various reports,…
The hyperlocal market is going through an interesting transition. While platforms like Google Maps and JustDial solved the hyperlocal discovery problem, products like Swiggy and UrbanCompany solved the hyperlocal services and transactions problem. With businesses around the world moving towards a social model of selling, communities are taking centrestage. In the hyperlocal market, this necessitates a hyperlocal collaboration platform that brands and businesses can leverage. A similar transition happened in the web world. Web 1.0 was the read-only era with home pages and web forms. Web 2.0 was the read-write era with blogs and web applications. Web 3.0 is the…
Owing to the COVID-19 lockdown and ‘Work from Home’ scenario for a foreseeable future, self-storage facilities have seen a significant rise in demand. In the United States of America, the storage facilities sector is a 50 billion industry. Gradually self-storage facilities and businesses are picking up in India now. Many number of such storage facilities have opened in India during the lockdown to cater to the rising consumer demand. With companies adopting the Work from Home model since early 2020 many people, who were working in cities have moved out of their rented apartments back to their native places/hometowns for…
Announces the launch of their India Hackathon “Polkadot Buildathon: India” aimed at developers and entrepreneurs driving the Web3 wave in India; Winners of the two month long hackathon to win prizes from a pool of $14000 Bangalore, March 30, 2021: Web3 Foundation, a Swiss Foundation that facilitates a fully functional and user-friendly decentralized web in association with Lumos Labs, today announced the launch of the first edition of Polkadot Buildathon: India to build and expand the blockchain developer ecosystem in India. The inaugural edition of the Hackathon aims to empower and equip the developer ecosystem in India with the right…
When serial entrepreneur Nishanth Chandran, took the plunge into the fresh meat and seafood retailing with TenderCuts in 2016, he never knew he was a pioneer in the trade. Inspired by the wet markets in European countries on his travels, Nishanth decided to usher in a revolution in Chennai, offering fresh cut meat and fish in a consumer-friendly hygienic environment. “98% of the meat market in India is unorganised. My tech background and experience enabled me to create a tech-enabled omni-channel retail format, which is highly effective considering we deal with highly perishable products. Our first mover advantage continues to gives us…
Areca nut – commonly known as areca nut – has a large portion of commercial value attached to it. Belonging to the family Arecaceae, tropical walnuts are used by a large section of Indians either for direct consumption or during certain religious practices. Thousands of farmers in Kerala, Assam and Karnataka have been immersed in the cultivation of hardwood fruits for years now. However, business has not been easy for many people. Faheem Hussain, who heads the agronomy division at Indore-based agritech startup Gramophone, gives more information about this. He says, “Due to non-availability of fungicides, lack of labor resources,…
Mumbai, 12th April, 2021: Netcore Cloud, Asia’s leading email & multi-channel campaign delivery company, today announced a partnership with San Francisco-based Blueshift, the leading SmartHub Customer Data Platform (CDP), to help APAC B2C enterprises accelerate their vision of intelligent customer engagement. The partnership will combine the best of Blueshift’s customer data unification and real-time AI-powered decisioning, with Netcore’s intelligent multi-channel delivery solutions and marketing services. Netcore’s platform bundles multi-channel delivery across email, SMS and mobile push notifications, coupled with a layer of AI that helps brands improve their customer retention campaigns. Netcore serves leading FSI companies in India, Asia and…
7th April, every year, is celebrated as World Health Day. It is observed annually to create awareness about health and wellbeing and draws the attention of people from all around the world to highlight important health issues. It is very imperative to be prepared mentally, physically and financially for all kinds of uncertainties during these constantly evolving times. The outbreak of the COVID-19 Pandemic is one example of such an unprecedented situation. Some people were able to live healthier lives and had better access to health services and some were facing difficulty fighting back. These unforeseeable situations make us realize the…
In 2005, OakNorth’s founders, Rishi Khosla and Joel Perlman, were looking for a working capital facility to support their growing business, Copal Partners, a financial research firm they’d founded three years previously. They approached numerous high-street banks and kept getting variations of the same response – “the computer says ‘No’”. Despite being a profitable business with strong cash flow and retained clients, none of the commercial banks were willing to lend to them. It was too small a ticket to offset the costs the bank would incur in doing a fundamental assessment of their business and structuring a finance facility for their needs. A few months later through one…
The year 2020 although will be recalled for the pandemic, India’s retail sector, particularly that of online retail will remember it for the economic turnaround and demand revival. The crisis has transformed the way e-commerce functions, with portals having experienced an incredible traffic boom. While the traditional retail sales have declined, e-commerce has witnessed an impressive year-over-year growth with most if not all, brick-and-mortar stores having navigated their businesses online. The Indian e-commerce industry has been on a rising growth curve and is anticipated to surpass the US to become the second-largest e-commerce market in the world by 2034. With…