
Swiggy, Dunzo spice up hyperlocal space
After seeing several shutdowns a few years ago, the hyperlocal space is abuzz with activity once again with players such as Swiggy and Dunzo expanding their roster of services as funding pours in.
After seeing several shutdowns a few years ago, the hyperlocal space is abuzz with activity once again with players such as Swiggy and Dunzo expanding their roster of services as funding pours in.
Here are some highlights from the sessions on the second day of the World Economic Forum’s India Economic Summit on Friday.
A panel at the WEF’s India Economic Summit which had OYO’s Aditya Ghosh and Zilingo’s Ankiti Bose says many startups in Asia have created global brands and are at the forefront of innovation.
The hotels major will acquire @Leisure from Axel Springer, a media and technology company, for nearly €369 million ($416 million).
Anandan will join Sequoia as managing director and will focus on their startup accelerator programme—Surge.
The company said its costs during the year rose more than six-fold to $500 million, compared with $80 million a year ago.
Co-living startups offer shared housing with services like laundry, 24x7 security, and WiFi.And none of the hassles of setting up house from scratch.
With the corpus raised, the company intends to strengthen its market leadership and expand global footprint.
The money will be utilised to further scale the company’s network across Bengaluru, invest in technology and ramp up its presence across major cities in India by 2020.
An NBFC, Five Star lends to small businesses and self-employed individuals.