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Jiomart B2B is the latest among organised supply-chain companies to bite the bullet, shutting down its warehouses, and asking its employees to leave. Why are companies finding it difficult to sustain the supply-chain business? Experts point out that gross margins in supplying fast-moving consumer goods (FMCGs) are very low.
A look at the life and times of the Naspers Foundry, Naspers's $77 million venture capital which was shut down on March 13th,2023.
Swiggy plans to lay off 380 jobs and shut down its meat marketplace as the Indian food delivery giant looks to navigate the market downturn.
Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund When Aruna’s founders first met at university, they wanted to find a way to use their studies in information technology to help family members who were running small fisheries. Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. This means fisheries, especially small ones, deal with fluctuations in demand and price instability. Aruna was created to bring them closer to customers like restaurants and exporters, the way farm-to-table startups are a...
Bibit has received a second round of funding led by Sequoia Capital India