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Article on July 06, 2017

'UberEATS Will Offer Effortless Way to Order Food'

Bhavik Rathod, Head of UberEATS India is excited about the potential of the market and has already tied up with 300 restaurants in Gurugram, the second city they launched in, after Mumbai.

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Israel and India Announce $40M I4F Tech Fund

The tech fund by the two emerging super powers was announced during PM Modi’s visit to Israel; agrees to collaborate in space, water and agriculture.

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Minjar Raises Fresh Funds; Vivriti Capital to Raise Rs 650-700 Cr; Team Indus Plans $40M Fund; Ofo Gets $700M Led by Alibaba & More

ETechAces Marketing and Consulting, which owns online financial services marketplaces PolicyBazaar and PaisaBazaar, is looking to raise Rs 500 crore from Wellington Management, one of the world's largest asset management companies with $1 trillion under management.

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Moglix Raises $12M in Series B Funding from IFC, Rocketship, Accel Partners and Jungle Ventures

The funds will be used to support the strong demand for Moglix’s robust technology solution in supply chain and manufacturing domain, infrastructure growth and geographical expansion plans.

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Shamik Sharma Joins pi Ventures as a Venture Partner

pi Ventures focuses on healthcare, logistics, retail, fin-tech and enterprise sectors.

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Foodtechie Jumbotail Raises $8.5M in Series A from Kalaari and Nexus

“98% of India’s food and grocery consumption is via Kirana stores. Jumbotail brings tech centric innovation to address massive inefficiencies in terms of product discovery, distribution costs, stock outs, and pricing.”

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GST Will have Significant Impact for the Shipping Industry

It remains to be seen how the shipping and logistics sector adapts to the new changes brought about by the GST. Although there are concerns that the sector might be adversely affected.

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