From the Editor's Desk Cafe bars are the grown-up versions of coffee shops. As the youth evolve, they are looking for experiences beyond your typical Cafe Coffee Day. Cafe bars like 'Social' or 'Mockingbird Cafe' fill this niche, with both better food and ambience. They also encourage you to hang out, with free wifi and other goodies. By keeping pricing reasonable, they attract a larger client base. All-day dining and a lounge experience at night keep them occupied longer hours, increasing revenue. While the cafe bar will not be as ubiquitous (higher set-up costs) as coffee shops, India might just be ready to see more of this new format - Comment
PepperTap’s shutdown questions the viability of e-grocery business in India India's third-largest e-grocer PepperTap shutting shop reveals the challenge of running a tech startup, expanding aggressively and managing customer expectations as discounts recede with longer path to profitability. It also shines some light on the complexities related to the grocery vertical and throws some takeaways.
Digital payment startup TranServ raises $15 million from IDFC fund, Micromax Digital payments firm TranServ Pvt Ltd has raised $15 million (Rs 100 crore) in its Series C round of investment led by venture capital fund IDFC SPICE and consumer electronics maker Micromax Informatics Ltd. Existing investors Nirvana Venture Advisors and Faering Capital India Evolving Fund also participated in this round, the company said in a statement. IDFC SPICE is part of IDFC Asset Management Company. TranServ, which was founded in 2011, said it will use the funds to grow its business and invest in new products including micro credit.
Announcing the Bengaluru edition of Techcircle Startup 2016; registrations open now The Bengaluru edition of Techcircle Startup will provide a comprehensive insight on the startup ecosystem in and around Bengaluru bringing together cutting-edge and disruptive early-stage startups, current and potential investors, angels, seed funds, incubators, accelerators & mentors, along with many of India’s most active VC/PE funds.
Yatra to allow users book Ola, Uber on its platform Online travel agency Yatra.com will now allow users to book cabs from aggregators such as Ola and Uber through its mobile app, as it looks to provide more services to travellers that can add to its revenue. The app will also allow booking of outstation cabs and hiring self-drive cars, Gurgaon
Thrifty Indian startups eye local talent Gone are the days when bigger e-commerce players would hire vice presidents for Rs 1-1.5 crore plus stock options that would be worth another Rs 1 crore a year.
Patanjali's turnover growth at 150%, Ramdev targets Rs 10000 crore revenue Patanjali's turnover growth at 150%, Ramdev targets Rs 10000 crore reve...Patanjali sells its products though about 5000 distributors, 10,000 health centers, 100 mega stores, besides through the retail market where it has tie ups with Fortune group and Reliance retail. It employs more than 15,000 people.
Alibaba spin-off Ant Financial gets $4.5b funding as China's payments war escalatesTech in AsiaAlibaba spin-off company Ant Financial, which runs China's top mobile payments app, today revealed it has secured a gargantuan US$4.5 billion in series B funding. The investment amount is substantial even at a time ... It can be used for online