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Two-wheelers a key growth engine for Uber India: President Prabhjeet Singh
Uber announced entry into Indian B2B logistics space with launch of Uber Direct, powered by ONDC. Singh was speaking on the sidelines of the launch of Uber’s B2B logistics service in Bengaluru. Uber Direct will initially deliver groceries for partners like Zepto and KPN Farm Fresh and has plans to onboard restaurant partners such as KFC, Burger King, Taco Bell, and Rebel Foods, over the next few weeks.
Uber enters B2B logistics with Uber Direct on ONDC, onboards Zepto, KPN Farm fresh
Uber is broadening its B2B logistics portfolio in India with the introduction of Uber Direct, in partnership with ONDC. Kicking off with grocery deliveries for allies like Zepto, the service plans to branch out to popular food chains, including KFC and Burger King.
UK’s BII to invest $33.5 million in India’s EV sector
British International Investment (BII) is investing $33.5 million in India's electric vehicle sector, divided among fleet operator Everest Fleet, EV manufacturer TI Clean Mobility, and EV component maker Vecmocon. These investments aim to enhance EV manufacturing capabilities and provide affordable financing, contributing to India's energy transition and job creation.
Ecommerce logistics companies join quick commerce bandwagon as orders rise
Ecom Express, Shadowfax, and Loadshare, supported by Warburg Pincus, Flipkart, and Tiger Global, respectively, have entered the rapid delivery market. Delhivery plans to open shared dark stores for faster deliveries. A rise in demand for quick deliveries and significant sales via social media from smaller D2C brands has prompted this shift in the logistics industry.
Logistics-as-a-service on ONDC hits 1 million transactions in June
A significant proportion of the on-network logistics orders are also currently being fulfilled by Ola, said ONDC. Players like Pidge, Loadshare, Shadowfax, Adloggs and Zypp have recorded more than 50 per cent month-on-month growth, it said.
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.
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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.
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.
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.
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.
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.
Alteria Capital announces first close of its second fund at Rs 1,800 crore
The second fund includes a target corpus of Rs 1,000 crore and a green shoe option of Rs 800 crore, said Vinod Murali, founder and managing partner of Alteria Capital.
There’s more than food on plate of delivery firms Swiggy and Zomato
This comes at a time when both food aggregators have made a big push in delivering grocery and products for daily use during the ongoing nationwide lockdown.
LoadShare raises Rs 100 crore from Beenext, others
LoadShare plans to expand its hyperlocal delivery network and enable movement of essentials.
Former SAP India MD joins Deutsche Bank
Khandelwal, who spent 18 years at the German software firm before joining Deutsche Bank, built the SAP labs in Bengaluru, which became the second largest unit of SAP. He set up SAP Startup Studio, the software maker’s accelerator programme to incubate startups.
ElasticRun raises $40 million from Prosus Ventures, Avataar, others
ElasticRun will invest freshly raised capital to further build its technology platform, expand categories, and expand its network coverage to new geographies, its cofounder Sandeep Deshmukh said.
South Africa’s Naspers may lead $55 million round in logistics startup ElasticRun
Post funding, the valuation of firm may touch $250 million.
SAP Labs India MD Khandelwal resigns
Khandelwal had a dual role, including that of the global president of SAP HANA Enterprise Cloud (HEC) Organization, which provides key cloud infrastructure for the company.
Logistics tech startup Blackbuck gets $150m, nears unicorn status
The latest fund raise values the Bengaluru-based Zinka Logistics Solutions, which runs Blackbuck at around $800-850 million.
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.
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