While the funding has been confirmed in a press statement, Milkbasket's Registrar of Companies (RoC) filings state that it has raised Rs 10 crore, with the remaining coming in tranches.
Zomato acquired WOTU in 2018, rebranding it as Hyperpure. It began as a B2B online supplier of ingredients in 2015, serving almost 250 restaurants out of a 6,000 square foot warehouse. Today, it has moved to a 30,000 square foot warehouse capable of serving 2,500 restaurants every day. So, what is Zomato planning?
RedSeer data estimates the foodtech industry in India to reach 2.6 million daily industry average order volumes during IPL season. Compared to the daily order volume average before IPL, this is almost a 20 percent jump - likely to continue even after as the ICC Cricket World Cup approaches.
Redwing Aerospace, a Bengaluru-based drone delivery startup, isn’t looking at drones for delivery of food or ecommerce. Instead, it aims for a deeper use-case perspective. The team decided to use drones to deliver medicines, vaccines, and blood to the remotest parts of the world, where getting a truck, van, or even a bike to deliver medical essentials is next to impossible.
Customers can use this to settle bills or expenses with friends, borrow and lend money, and pay rent, services like house help, newspaper bills, milk subscription, etc. Users can also make payments directly from their bank account to local stores nearby or to Amazon delivery associate by scanning UPI QR codes using the app.