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35 ‘Soonicorns’, chiefly in fintech, cloud kitchen and SaaS space, are ready to move into the big league

Home delivery boom churns out 1 lakh jobs Online shopping, grocery and food orders, which are growing at a fast clip, have emerged as a saviour for many during the pandemic as around one lakh people received jobs in the last year to cater to the delivery juggernaut. Food delivery and e-commerce platforms and their partner logistic aggregators hired thousands of delivery personnel as the crisis turbocharged online orders. They also have given much-needed options to millions to buy products and services from home without being exposed to the highly contagious virus. Many people are flocking to ...

India’s warehousing boom creates winners in unexpected corners Photo: Bloomberg April 14, 2021 Every day, Shiv Kumar sets out to work on his new Hero Splendor from Patherheri village in Haryana’s Gurugram district toward Tauru Road—a long stretch just off the National Highway 48. Over the last few years, the road—surrounded by fields of wheat, jowar, bajra and mustard—has slowly metamorphosed into a warehousing hub, thanks to the e-tailing boom. Kumar saved up over the last three years to buy the bike. Savings entered his vocabulary after he started working with Mahindra Logistic...

BENGALURU: New-age logistics major Delhivery is in talks with multiple global investors, including US-based Fidelity, for funding before its initial public offer (IPO) that would value the startup at around $3 billion, two people aware of the matter said. Delhivery was valued at a little over $2 billion after the secondary investment from Steadview Capital in December 2020, the sources added. This indicates an almost 50% higher valuation for the SoftBank-backed Delhivery in about three months, if a deal is concluded. The pre-IPO round is said to be in the range of $100-150 million, but it co...

Synopsis This indicates an almost 50% higher valuation for the SoftBank-backed Delhivery in about three months, if a deal is concluded. (This story originally appeared in on Mar 17, 2021)New-age logistics major Delhivery is in talks with multiple global investors, including US-based Fidelity, for funding before its initial public offer (IPO) that would value the startup at around $3 billion, two people aware of the matter said. Delhivery was valued at a little over $2 billion after the secondary investment from Steadview Capital in December 2020, the sources added. This indicates an almost ...