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Grofers, Zomato and the big online grocery battle
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Grofers is the latest beneficiary of the boom in
online grocery deliveries. The company is set to become the latest Indian startup unicorn after raising $120 million from
Zomato and
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E-grocery sweepstake
E-grocer Grofers has signed a deal with Zomato and Tiger Global to raise $120 million, sources have told us. We were the first to report on May 7 that Zomato was in talks to invest $100 million in Grofers at a $1-billion valuation.
Detect Technologies gets $12 million funding from Accel, others
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Last Updated: Jun 30, 2021, 06:01 AM IST
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Synopsis
Industrial AI startup Detect Technologies’ funding round comes at a time when it’s looking to grow its presence overseas to tap the rising demand for automation amid a pandemic.
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Industrial AI startup Detect Technologies works with over 45 customers, including Shell, Tata Steel, ExxonMobil, Adani Group and Reliance Industries.
Bengaluru:Industrial AI startup Detect Technologies has raised $12 million in a funding round led by US venture capital firm
Accel, as it looks to grow its presence in markets such as North America, Middle East and Southeast Asia driven by rising demand for automation on the back of the Covid-19 pandemic.