LOADSHARE
Zomato stops ‘Xtreme’ service; Reliance to bring back Shein
Zomato has halted its hyperlocal goods delivery service due to a lack of demand.
Zomato suspends hyperlocal goods delivery service Xtreme, restarts Intercity Legends: sources
Zomato's hyperlocal goods delivery service 'Xtream' was rolled out in nearly all the 750-800 cities where the company offers food delivery. Zomato has also removed the Xtream app from Google Play Store as well. The online food delivery giant has more than 300,000 delivery executives nationwide.
ONDC’s first buyer side logistics app to fix a big gripe
MP2 Innovations, led by Mahesh Herle, enhances ONDC by providing a seamless logistics solution for ecommerce players, aiming to address operational challenges and improve delivery experience. Integration with major ecommerce platforms is crucial for ONDC's growth.
Innovaccer’s new funding round; ONDC’s logistics push
Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.
Startups tap new pools of capital; consumer lending apps hit profitability
Capital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting new cheques. Domestic firms and family offices such as those run by Zerodha cofounder Nikhil Kamath, Manipal Group chairman Ranjan Pai, and Premji Invest have backed startups including Subko, Quorum Club, Kites Seniorcare and The Sleep Company.
Filter Capital hits final close of Rs 800 crore maiden fund to back growth-stage tech firms
Filter Capital closed its Rs 800 crore first fund, targeting Series B and C rounds in growth-stage companies. The Mumbai-based firm focuses on software services-linked businesses and plans to deploy capital for five years.
- Go To Page 1
Zetwerk wins order from Indian Oil to set up over 1,400 fast EV chargers in India
Contract manufacturing managed marketplace Zetwerk said these EV chargers will be the DC Dual gun CCS2 DC Charger that can charge two vehicles simultaneously with a dynamic load-sharing mode.
EV scooter makers deposit customer refunds; IT firms see dip in hiring
Four e-scooter makers have deposited part of the over Rs 300 crore they have to refund to buyers for mispricing their ebikes to avail of subsidies.
Zomato launches hyperlocal delivery service Xtreme to leverage 3-lakh strong delivery fleet
Xtreme, which was launched late last month, targets both small and large merchants for delivering small packages intracity on the lines of services provided by Shadowfax, Porter and Loadshare.
Staffing companies say festive season will create 20 per cent more jobs this year
As the festive season approaches, there is a surge in hiring across various industries in India. Sectors such as retail, logistics, e-commerce, travel & hospitality, and BFSI are experiencing a significant increase in hiring, with a focus on roles like sales representatives, customer service representatives, technical operators, recruiters, pickers, and packers.
Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture Partners
In a statement, the startup said it will utilise the fresh capital to expand operations, strengthen the salesforce, and invest in new innovative technologies.
Pidge launches hybrid delivery partner network for Bharat
This network is aimed to help increase fulfilment rate, reduced delivery costs and bring digital parity across the country.
ONDC to launch revised incentive structure from June 1
Under the new scheme, the maximum discount that can be offered per order has been limited to Rs 100, compared to Rs 125 earlier. Further, the discount will only be offered to users whose order value is more than Rs 200 in the case of food orders, and Rs 300 in the case of other products.
Control is back in your hands: NRAI advises restaurants on ONDC
The ONDC platform has started by offering prices 30-80% lower to consumers and charging significantly lower commissions from restaurants, compared to established food delivery platforms Swiggy and Zomato. In addition, it provides restaurants access to consumer data which can help them to customise offers and promotions.
Government working to bring in e-commerce policy, rules under consumer protection act on same page
Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that once the e-commerce policy will be finalised, it will be put up in the public domain for views. "We are holding discussions to harmonise e-commerce policy and e-commerce rules under the consumer protection act...While doing so, we will try to ensure that whether a regulator or some other way...rules that will ensure that the customer is the king," Singh told reporters here.
Government’s ONDC arrives with a price war taking on food-delivery majors Zomato, Swiggy
Prices on brands such as McDonald’s, Taco Bell, Behrouz Biryani, Wow Momo, Pizza Hut and Cafe Coffee Day are at 30-80% discounts on ONDC ordering platforms including Paytm, Magicpin and PhonePe compared to what consumers have to pay for the same items at Swiggy and Zomato.
A year on, ONDC clocks more than 11,000 retail orders per day
ONDC went beta live in some pin codes of Bengaluru on September 30, and has since expanded across Bengaluru and added Meerut to the beta phase.
B2B startups cornered $8.5 billion in funding over past eight years: Matrix report
Corner funds across 500 rounds since 2015, with six unicorns formed in the segment: Matrix report
Delhivery acquires Algorhythm Tech to boost supply chain solutions offering
The company said the transaction is expected to be completed by January 31 and Algorhythm Tech will operate as a wholly-owned subsidiary of Delhivery Ltd post the acquisition.
Delhivery to go live on ONDC
ONDC, a government-backed e-commerce network, has been seeing active participation from logistics, e-commerce and fintech firms. Dunzo and Grab are other notable logistics players that operate on the platform.
ONDC to open to public in select Delhi areas next month
This is following its launch across 16 pin codes in Bengaluru on September 30. According to network participants, electronics, fashion, and home decoration segments too will be opened to the public by the end of this year
ONDC starts beta testing with consumers in 16 pin codes of Bengaluru
The objective of the beta test is to allow consumers to experience the network for the first time and gather feedback which will help further refine the network before a pan-India roll-out.
LoadShare partners with KarmaLife to launch credit programme for delivery executives
Gig workers require access to short-cycle credit to meet an erratic cash need in between their payout cycles. This partnership will enable delivery executives at LoadShare to get easy and affordable access to funds through the KarmaLife app, empowering them to manage their financial liquidity and also start building their credit histories.
Grover guns for BharatPe CEO; no tax breaks for Tesla
Ashneer Grover, the embattled founder and managing director of BharatPe, has asked the company’s board members to remove CEO Suhail Sameer from the board.
ETtech Deals Digest: Loadshare, Headout, Jar raise funds
Logistics platform Loadshare, online experiences marketplace for travellers Headout were among the startups that raised funding this week.
Logistics platform Loadshare raises $40 million led by Tiger Global
The Bengaluru-based company said it plans to further invest in hiring, building logistics technology and adopting more electric vehicles into its fleet.
LoadShare raises Rs 100 crore from Beenext, others
LoadShare plans to expand its hyperlocal delivery network and enable movement of essentials.
Logistics company LoadShare lands Rs 32 crore in Series-A round
LoadShare offers services ranging from first-mile, line-haul, last-mile deliveries and modular logistics software solution to partners.
Diversification is next logistics move for slump-hit B2C firms
Players like Delhivery, Xpress-Bees, and Loadshare have extended their offerings to the B2B segment, currently dominated by the likes of Rivigo and Blackbuck.
Load More
