Prime Venture makes its first investment in foodtech; Ninjacart raises Rs 250 crore in Series B
Prime Venture Partners made its first investment in the foodtech space, investing Rs 6 crore in FoodyBuddy. The food-network platform that connects foodies with home chefs in the neighbourhood plans to use the funding to expand beyond Bengaluru and further grow the community and network and reach over 1,00,000 home chefs by 2019.
Ninjacart raises Rs 250 crore in Series B led by Accel US and Syngenta Ventures
Just last year, Bengaluru-based Ninjacart had raised debt funding of $1 million led by Trifecta Capital. And now, the B2B agritech startup is back in the news, having secured Rs 250 crore in Series B funding from Accel US, Syngenta Ventures, Jo Hirao, Founder of ZIGExN, Neoplux, HR Capital and Trifecta Capital. Following this round, Ninjacart would be looking for geographical expansion and aiming to strengthen its technology and product.
OYO vs FHRAI: All you need to know about the ongoing tussle
Federation of Hotel and Restaurant Associations of India (FHRAI) recently slapped a warning notice to OYO, warning about the illegal and exploitative malpractices allegedly employed by the hospitality brand. The bone of contention seemed to be over the endorsement of certain Bed and Breakfasts, deemed illegal and unlicensed by FHRAI. However, OYO has responded by dismissing the claims as “misguided and misplaced”.
Twitter reacts to the Zomato firing: “Give some snacks to delivery boys every day please”
Zomato firing has spurred a social media storm. While some people called out the food tech unicorn over the viral video – showing a delivery partner eating food from a customer’s order – others felt that it was an error of judgement and too harsh a step to have sacked the “rider”. “Spin this around Zomato, give some snacks to delivery boys everyday please!” tweeted a Twitter user, adding to the barrage of tweets online.
Rise of Dunzo: Why this Bengaluru-based app is urban India’s favourite buddy?
Ever craved for a cheesecake in the middle of the night? Or forgot an important file at home right before a meeting? Things like these would have been a mammoth task for city-dwellers, but thanks to task-management app Dunzo, it’s all handled. From arranging pickups and drop-offs to carrying out tasks efficiently, this app-based service is making life a little easier for urban Indian. Haven’t you heard, just Dunzo it!
LambdaTest raises $1 M in Pre-Series A funding led by Leo Capital
Cloud-based testing platform LambdaTest has raised $1 million in Pre-Series A funding led by Leo Capital, a venture capital firm. Shedding light on future plans, Asad Khan, Co-founder and CEO of LamdaTest said, “The investment is also important in order for us to meet the growing demand for new and better products by our present and future customers."