News
Indian logistics startups rev up funding in 2019 to tap growing demand
Investments in logistics startups this year have more than doubled to USD 1.04 billion across 29 deals.
3 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
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.
Flipkart will have an edge over Amazon, Bigbasket, and Grofers with additional access to Shadowfax’s technology and delivery fleet.
According to RedSeer, online grocery market is projected to grow to USD 10.5 billion by 2023.
Currently, the service is present in 10 states which will soon be available pan India.
It has primarily invested in five categories—consumer internet, software, business-to-business, healthcare, and financial technology.
Though India has a huge domestic opportunity, the premium smartphone market is pretty limited.
One97 posted a loss of USD 552.1 million for FY19, up 165.5% from USD 207.9 million reported in FY 2018.