This week in Indian Startup News, BigBasket vs dailybasket, Earth Energy EV launches three EVs, Flipkart to deploy 25,000 EVs by 2030, CCI investigates Google Pay for antitrust claims and layoffs at Ninjacart and Bounce and acquisitions by Dailyhunt, DeHaat & Vedantu.
In funding news, Zomato raises $250 million, Innovaceer raises $105 million to become a unicorn, Infra.Market raises $100 million and Hubilo raises $23.5 million.
00:00 Introduction
00:30 BigBasket vs dailybasket
05:07 Earth Energy EV launches three EVs
06:41 Flipkart to deploy 25,000 EVs by 2030
08:14 CCI investigates Google Pay for antitrust claims
09:54 Layoffs at Ninjacart and Bounce
10:35 Acquisitions by Dailyhunt, DeHaat and Vedantu
11:34 Zomato raises $250 million
12:01 Innovaceer raises $105 million to become a unicorn
12:44 Infra.Market raises $100 million
13:34 Hubilo raises $23.5 million
BigBasket vs dailybasket: BigBasket believes it owns the word ‘basket’ and now it wants dailybasket to stop using ‘basket’ and also hand over their domain to BigBasket. According to BigBasket, dailybasket, which is a small online grocery platform operational in Coimbatore, is trying to use the brand and goodwill of BigBasket to lure its customers into thinking that they are associated with BigBasket.
https://inc42.com/buzz/bigbasket-vs-d...
https://bbisabully.com/
Earth Energy EV launches three EVs: Earth Energy EV has launched three electric vehicles – Glyde+ (smart electric scooter), Evolve Z (bike) and Evolve R (smart cruiser). All these electric vehicles are now available for pre-booking. The company claims that their electric cruiser Evolve R comes with fast charging capabilities but it can only be used at their dealerships.
https://www.thebetterindia.com/249453...
Flipkart to deploy 25,000 EVs by 2030: Indian e-commerce giant has decided to add 25,000 electric vehicles to its delivery fleet by 2030 and they have already partnered with three manufacturers – Hero Electric, Mahindra Electric and Piaggio.
https://storiesflistgv2.blob.core.win...
CCI investigates Google Pay for antitrust claims: Back in November 2020, the Competition Commission of India (CCI) had ordered a probe against Google Pay to check if Google was using its dominance to gain an unfair advantage over its competitors in India’s digital payments space. While the probe was ordered last year, formal investigations have started in January of this year.
https://www.livemint.com/news/india/c...
Layoffs at Ninjacart and Bounce: Ninjacart and Bounce have fired 200 employees each.
https://inc42.com/buzz/ninjacart-empl...
https://inc42.com/buzz/bounce-lays-of...
Acquisitions by Dailyhunt, DeHaat and Vedantu: Dailyhunt’s parent VerSe Innovation has acquired AI-based startup Cognirel Technologies, DeHaat has acquired FarmGuide and Vedantu has acquired InstaSolv.
https://www.cnbctv18.com/startup/dail...
https://www.livemint.com/companies/st...
https://economictimes.indiatimes.com/...
Zomato raises $250 million: Zomato has raised $250 million from Kora, Fidelity, Tiger Global Management, Bow Wave and Dragoneer.
https://techcrunch.com/2021/02/22/ind...
Innovaceer raises $105 million to become a unicorn: Healthcare focused SaaS startup Innovaceer has raised $105 million from Tiger Global Management, OMERS Growth Equity, Steadview Capital, Dragoneer, B Capital Group, Mubadala Capital and M12.
https://www.prnewswire.com/news-relea...
Infra.Market raises $100 million: Infra.Market has raised $100 million from Tiger Global Management, Foundamental, Accel Partners, Nexus Venture Partners, Evolvence India Fund, and Sistema Asia Fund.
https://economictimes.indiatimes.com/...
Hubilo raises $23.5 million: Hubilo has raised $23.5 million from Lightspeed Venture Partners, U.K.’s Balderton Capital, John W. Thompson and Chris Schagen.
https://venturebeat.com/2021/02/24/hu...
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