Social Commerce In India Poised To Hit $16 Bn GMV By 2025: BAIN-Sequoia Report

Social Commerce In India Poised To Hit $16 Bn GMV By 2025: BAIN-Sequoia Report

The next biggest driver for Indian ecommerce will be social commerce, i.e. platforms enabling video interactions for shoppers with popular social media influencers, reseller platforms, chat-led commerce and group buying, which is cheaper, according to a report titled The Future Of Commerce In India by Sequoia Capital India, a venture capital fund and Bain and Company, a global consultancy firm.

Agnikul Cosmos sign agreement with ISRO as an IN-SPACe Entity

The Department of Space (DoS) and Agnikul Cosmos Private Limited, an IIT Madras based launch vehicle startup, are pleased to announce that they have signed a non-disclosure agreement under the newly proposed IN-SPACe entity. Indian National Space Promotion and Authorization Center (IN-SPACe) is an independent nodal agency under DoS for allowing space activities and usage of DOS owned facilities by private organizations as well as to prioritise the launch manifest.

The release of Filecoin could mean product shortages in the semiconductor industry

Years after the release of Bitcoin, the semiconductor industry is in for a splash with the upcoming release of Filecoin, a block-chain based digital storage system. With many users impatiently anticipating Filecoin’s release, pent up demand for Filecoin mining services and products will likely translate to a spike in demand for relevant components, such as processors, memory and storage.

Real-world use cases for Nexo, Elrond and Blockstack lure in investors

The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain 2.0 on Jan. 14, 2021, it was bound to cause a stir.

Biryani By Kilo begins its first dine-in outlet in Pune

Biryani By Kilo recently launched its first dine-in outlet in Pune. Located at one of the fastest-growing localities of Pune, Biryani By Kilo presents delectable Biryani and Kebabs in the latest dining facility to locals. Satiating the biryani cravings for locals in Pune, Biryani By Kilo offers a unique combination of welcoming, warm, and royal dine-in experience.

DealShare bags $21 million in Series C funding round by WestBridge Capital

DealShare is an e-commerce platform that targets a specific user group and recently the company has announced to conclude its Series C funding round with $21 million. The funding round was led by WestBridge Capital.

Indian app Chingari announces partnership with international record label

This partnership between Chingari and Thrace Music is part of the marketing strategy developed by Adventure Global India, Thrace Music’s exclusive licensing and distribution partner in India

Watch out! India’s social commerce growth may soon outrun e-commerce rise; expand 2X in 10 years

The segment currently dotted with startups such as Facebook-backed Meesho, DealShare, Simsim, Atmanirbhar Bharat App Innovation Challenge winner Mall91, and more, is worth $1.5 to $2 billion in Gross Merchandise Value (GMV).

DealShare Raises $21 Million in Series C Funding Led by WestBridge Capital

DealShare, one of India’s fastest-growing e-commerce companies, founded by Vineet Rao, Sourjyendu Medda, Sankar Bora and Rajat Shikhar, announced its Series C funding round of $21 million led by WestBridge Capital, with participation from Alpha Wave Incubation – a venture fund managed by Falcon Edge Capital, Z3Partners and existing investors Matrix Partners India and Omidyar Network India. This round also saw investment from select independent angel investors. With the current round, the total funding raised by DealShare in the last 2 years stands at $34 million.

Yulu plans long-term rental scheme in Pune

Yulu, the Bengaluru-based bicycle service provider is the sole bicycle provider currently operational in Pune. Before Covid-19 struck, Yulu had 2,000 bicycles in the city, but now, post the lockdown, Yulu has 500 bicycles operational in Kalyani nagar, Viman nagar, and Magarpatta.