Sreyashi B | Voice Of Ventures - real voice of founders, startups and stories around them

The tale of discounts and offers : How it has reformed the customer-brand relationship

We don’t like to buy things anymore on MRP. Often there are big margins on most of the products ranges from small to big, and we want value addition from whatever we buy. That’s why discounts are now an unavoidable part of an Indian shopper. Be it online shopping or offline in-store shopping, offers & discounts have been now taken for granted. However, it is the new talk. These deals and discounts that we take for granted today didn’t even exist before. Discounts, coupons and deals were born when brands surfed number of…

Is ‘going digital’ a good option for the Indian luxury retail market ?

Sreyashi B

The luxury brands from Rolex to Rolls Royce and Louis Vuitton to Lamborghini, have been facing the challenge of how to maintain an unimagined exclusivity. Therefore, this industry has been the last one to embrace digitization. But, with the outbreak of Covid-19, the rules of this industry demands reform. Covid-19 gave a severe blow to the luxury sale numbers globally and India is not any exception to it. Luxury market, although rapidly growing in India, is still at a very baby stage and thus, a crisis situation like this pandemic is…

WeWork India receives a new batch of funding of $100 million from its parent organization WeWork Global

Sreyashi B

WeWork India, owned by the Embassy Group raised $100 million from WeWork Global and is hopeful of the sustainable growth that the business would see.With this round of funding, US-based WeWork Global has reassured that it is truly committed towards the Indian market. “WeWork India — the global platform that carry collaborative workplace solutions, will receive $100 million funding from WeWork Global to help boost sustainable growth,” the co-working player said. Karan Virwani, CEO, WeWork India pointed out that the flexible workspace industry in India and around the world is…

FPO : A great player in boosting the rural entrepreneurial economy

Sreyashi B

The Modi government has been attempting to make some reforms like e-markets to boost the rural economy, Farmer Producer Organizations (FPOs) and the Model Contract Farming Act, 2018. As Indian farmers have the smallest landholding on the planet, they lack individual bargaining scope in the open market for their little produce. In such a situation, the FPOs can give them an important edge since they can pool in their produce, put resources into cold storerages and better burgain with enormous purchasers along these lines eliminating the mediators in the business…

The top delivery startups will soon be experimenting with BVLOS drone deliveries

Sreyashi B

Hyperlocal delivery startup companies including Dunzo, Swiggy and Zomato can start to test fly beyond visual line of sight (BVLOS) drones for deliveries, in the wake of getting authorization from Directorate General of Civil Aviation (DGCA). A senior DGCA official,affirmed the improvement that alongside the delivery startups, budget airline SpiceJet, Reliance-upheld drone startup Asteria Aerospace were among the 13 consortia which had gotten the endorsements to test fly these drones. The DGCA needed to see the business prospects which could be accomplished through the BVLOS drones, and set up the…

Bengaluru based LetsTransport , an Intra-city logistics marketplace raises ₹13 crores from InnoVen Capital .

Sreyashi B

Intra-city logistics marketplace, LetsTransport has raised ₹13 crores as a part of a new debt round from venture debt provider InnoVen Capital. Founded in 2015, by IIT-Kharagpur alumni, Pushkar Singh, Sudarshan Ravi, and Ankit Parasher, Bengaluru-based LetsTransport provides urban logistics solutions to enterprises by offering tech-enabled intra-regional transportation services.It also enables enterprise clients to book trucks and manage bookings through their mobile app, call and website. “We continue to be bullish on the logistics space and expect that organized players will continue to gain share on the back of higher efficiencies…

Chinese giant Alibaba backed Bigbasket to see 200 mn Dollars in new fund raise

Sreyashi B

Online grocer BigBasket is planning to raise around $150-200 million, two people aware of the development said, as the coronavirus outbreak and the nationwide lockdown are expected to boost online grocery sales. Supply chains were disrupted in the early days of the lockdown but, subsequently, e-commerce has emerged as the most viable alternative for people to source essential supplies such as groceries, as restrictions on movement and the fear of contracting the disease prompted more people to try home deliveries.BigBasket has “appointed Goldman Sachs and Morgan Stanley to help raise…

India ahead of China in fintech funding in Q1 2020

Sreyashi B

India has overtaken China in attracting venture capital (VC)-backed investments in the fintech sector both in terms of deal value and volume in the March quarter, said data and analytics firm GlobalData. This comes amid diminished investment appetite for fintech startups due to the covid-19-led global economic crisis. China, where the pandemic originated, has been particularly hit hard.In the last two years, China’s fintech startup ecosystem was a breeding ground for VCs. This trend has now been reversed with Indian fintech startups attracting more investments.“In Asia, though there is an…

TCS WaferWise™ : TCS Launches AI-powered Solution to Detect Wafer Anomaly in Semiconductor Manufacturing

Sreyashi B

Tata Consultancy Services’ Cloud-based Solution, TCS WaferWise™ Automatically Detects Defects, Improves Product Quality, Drives Up Throughput, and Enhances Business Growth. Tata Consultancy Services (TCS) a leading global IT services, consulting, and business solutions organization, announced the launch of TCS WaferWise™, a cloud-based wafer anomaly detection solution that harnesses the company’s contextual knowledge of the semiconductor industry and the power of deep learning technology, to help chip makers digitally re-imagine their product quality assurance process. Sophisticated quality inspection of wafers during the semiconductor manufacturing process is essential to detect and classify…

New p2p lending platform launched by 5paisa.com brokerage

Sreyashi B

5Paisa.com, a fin-tech firm, on Thursday announced the launch of its peer-to-peer (P2P) lending platform — 5Paisa Loans. The lending platform will function as a subsidiary of its listed parent, 5Paisa.com, and will have a separate application as well as website. In its statement, the company said 5Paisa Loans would enable individuals to lend between Rs 500 to Rs 50 lakh to multiple borrowers and the lenders could earn an interest rate of up to 36% per annum. 5Paisa loans, which acquired an NBFC license from the Reserve Bank of…