Moulishree Srivastava

There are about 50 online video platforms in India, making it a hyper-competitive market.

While Zomato claims to process 1.2 to 1.3 million orders per day, UberEats, delivers 300,000 to 600,000 orders a day.

If the deal materializes, the Zomato-UberEats entity will emerge as India’s largest food-tech company, leaving Swiggy behind.

The serial entrepreneur is streamlining banking for India’s SMEs.

For its next phase of growth, the early-stage startup is targeting large enterprises and Fortune 500 companies.

Investments in logistics startups this year have more than doubled to USD 1.04 billion across 29 deals.

The two funds mark the firm’s continuing focus on early-stage companies in a market where investments are increasingly skewing towards late-stage startups to avoid risks. 

It has started hotel booking service as well and is aiming 3,000 bookings a day by this year-end.