Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...
Amazon to Enter Online Food Delivery Business in India
Seattle, Washington-based Amazon Inc., will launch a new service delivering from restaurants ahead of India’s month-long festive season, which starts in September. The company has teamed up with Bangalore-based Catamaran Ventures, founded by IT billionaire Narayana Murthy. Research firm RedSeer Consulting says that India's rising middle class has driven the growth...
Starbucks to Add Ten Stores in India This Year
Seattle WA-based Starbucks, in a joint venture between subsidiary Starbucks Coffee and Tata Global Beverages, India, is planning to add up to ten new stores this year taking the total count to 145 cafes. "We currently have 136 stores and we will open another five to ten stores by the...
Food Delivery Startup Raises from New York's Harmony
Swiggy, a food ordering and delivery startup based out of Bangalore, India, raised $35 million in a Series C round of funding. The company attracted two new investors, New York-based venture capital firm Harmony Partners Ltd., and Singapore-headquartered venture capital firm RB Investments Pte. Ltd. Existing investors Norwest, SAIF and...