Bike rental startups throughout India hit a roadblock amid the coronavirus pandemic. Now, as the country unlocks, people are looking for a safe way to commute. Bengaluru-based bike rental startup Vogo goals to faucet this market – in hibernation until for the final couple of months – by utilizing know-how.
The give attention to know-how has helped Vogo, which helps you to choose up a scooter from wherever and drop it off when you’ve reached your vacation spot, make a mark within the crowded market.
Anand Ayyadurai, Co-founder and CEO, Vogo, says: “From the very early days, we invested closely in constructing IoT know-how for our scooters. This serves a twin goal – it makes your entire reserving course of automated, permits quicker scale, and permits us to remotely monitor and management the scooter, making certain the safety of the asset.”
From mobility, we now transfer on to the rise of cloud kitchens.
Eating places and eateries are starting to hit the panic button because the coronavirus pandemic continues to eat into their enterprise. Diners have shown a propensity for takeaway options, leading to a shift towards cloud kitchens, cooking amenities that cater solely to on-line supply orders and that don’t have any bodily eating area.
RedSeer Administration Consulting, in a latest report, stated cloud kitchens had been set to change into a $2 billion business in India by 2024, up from $400 million in 2019. The truth is, it known as cloud kitchens the “secret sauce to outlive within the post-COVID restaurant market.”
Everybody desires an even bigger cheque at present. With the evolution of VC investing, the explosion of India’s mobile-led digital economic system, and second-time founders within the ecosystem, spherical sizes have gone up.
Blume Ventures began in 2010 to bridge the hole between small angel buyers and large VCs. Within the final decade, it has backed hordes of startups which have change into family names, mirroring the expansion of India’s digital economic system.
Blume Ventures, which completed a decade in July, turned to LPs and international investors for Fund III, and also closed a $41 million Opportunity Fund to further invest in its successful bets (mostly growth-stage startups). “LPs again you once they know that you would be able to change into a narrative of [many] successes,” Sanjay Nath, Co-founder and Managing Associate of Blume Ventures, tells YourStory.
Blume bridged the elemental hole between the 2 by considering like an early-stage angel investor — generally backing even idea-stage startups — however approaching the affiliation like an institutional VC. They adopted up the funding with steady mentoring, and providers like hiring, enterprise improvement, go-to-market, and so forth.
We now give attention to a fintech firm that’s making an impression within the instructional area by taking training to the plenty. This is where Financepeer comes in. Based by Rohit Gajbhiye, Naveesh Reddy, DebiPrasad Baral, and Sunit Gajbhiye in 2017, the Mumbai-based startup supplies zero-cost EMI-based college price financing choices to oldsters.
The Google Launchpad-incubated startup to this point claims to have impacted 9 lakh youngsters throughout 2,000 colleges, in 50-plus Indian cities. The startup acquired angel funding of Rs 5 crore in September 2019 and claims to be working to take away financial disparity within the area of training.
(Edited by Teja Lele Desai)
Wish to make your startup journey clean? YS Training brings a complete Funding Course, the place you additionally get an opportunity to pitch your marketing strategy to prime buyers. Click on here to know extra.