Foodtech startup Zomato hit the $100 million revenue run rate mark this last month, Founder and CEO Deepinder Goyal tweeted. The annualised revenue run rate in March also saw the online restaurant search and food delivery platform register a 40 percent growth in the last two months, wrote Goyal.
Aavishkaar Bharat Fund has committed to investing Rs 35 crore in Kottaram Agro Foods, a Bengaluru-based packaged foods startup that markets its products under the brand ‘Soulfull’. The company markets products made from traditional grains such as millets in modern avatars.
Three days after drivers of cab aggregators Ola and Uber went on an indefinite strike, a press statement by Ola stated that its drivers in Mumbai had called off the strike. The press statement stated: “Confirmed, the strike being called off with immediate effect.”
Google is reportedly working on a Blockchain service in cloud computing to take on startups that specialise in the emerging tech. It could even license its ledger system to third-party companies to run it on its own servers and use to post and verify transactions. This will help Google differentiate its cloud services from peers like AWS, and help secure tonnes of customer data.
For 23-year-olds Adarsh Kumar and Rupesh Mishra, it took months of hard work and some “hustle” to be in the right place, at the right time. Last week, their year-old startup Aetlo Tech was acquihired by UK-based Page Solutions in a part-cash, part-equity deal. Now called Page Chain Technologies Pvt Ltd, they will be the Blockchain subsidiary of Page Solutions.
From kaleidoscopes and periscopes to imparting IOT-driven knowledge, New Delhi-based Smartivity is dedicated to designing, producing and selling innovative STEM and art-based educational activities and toys. Started by Tushar A Amin, Ashwini Kumar, Apoorv Gupta and Rajat Jain, the company is exploring the gap in early STEM education in India.
(From L-R) Ashwini Kumar, Rajat Jain, Tushar A Amin, Apoorv Gupta
Mumbai-based BuzzOpinion claims to be India’s first AI Voice Assistant for shopping. Started by Vivek Arya and Anand Ramachandran, it is looking to leverage AI and voice-commerce to help customers make informed purchases faster. They launched the platform to the public about six months ago, and have clocked Rs 80 lakh in GMV in six months.