wordpress blog stats
Connect with us

Hi, what are you looking for?

Funding roundup: Swiggy, InstaLively and LogiNext

Swiggy raises $2.5 million from Accel and SAIF Partners Bangalore-based food delivery app Swiggy has raised $2.5 million from VC firm Accel Partners and SAIF Partners, reports ET. The funds will go towards hiring and expansion of the company to cities like Mumbai, Delhi and Chennai by end of this year. Interestingly, Swiggy has its own delivery personnel who use an app, powered by an algorithm, on their smartphones to check for delivery routes. Swiggy says that this helps them provide users real time tracking of the order status. Because of its in-house fleet, they do not have a preset minimum order value. The company says that it accepts online payments for all the restaurants that they work with and their personnel carry out only one delivery at a time. As a commission, it takes a percent of the order generated from the restaurants and has tied up with over 300 restaurants, taking over 1,000 orders daily. Swiggy was founded by Sriharsha Majety, Rahul Jaimini and Nandan Reddy in August 2014. The company claims to have fulfilled over 30,000 orders. **** InstaLively raises funding worth $120,000 InstaLively, a mobile and desktop app which livestreams in HD from an Android phone to YouTube, has raised angel funding worth $120,000 from Rajan Anandan, Amit Ranjan, Rajesh Sawhney, Niraj Singh, German investor AECAL and MeraEvents, reports VCCircle. The company will be launching its Android app end of this week. The funds will go towards customer acquisition with a target on the global livestreaming…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

News

By Soujanya Sridharan and Dr. Sarayu Natarajan Platform work and data: the intersection Every time you use a ride-hailing app, the matching algorithm processes...

News

New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ