Hyperlocal

Alibaba To Acquire 40% Stake In Hyperlocal Grocery Delivery Firm BigBasket For $300 Mn

With the year 2017 stepping to an finish, yet an additional significant offer is on its way in the Indian startup ecosystem. Alibaba together with Paytm Mall is all set to acquire all around 35% – 40% stake in hyperlocal grocery delivery startup BigBasket against an investment decision of $300 Mn. As per modern experiences,…

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Quikr Begins Pilot Of Hyperlocal Fulfillment Service Under QuikrEasy

On line classifieds portal Quikr is tests waters in the hyperlocal fulfilment area. The enterprise has just lately floated a pilot on a incredibly tiny scale in decide on parts of North Bengaluru. As aspect of the pilot, latest workforce and existing consumers in these parts can get almost just about anything on QuikrEasy to…

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Sequoia Capital Sells Almost 1% Of Its Stake In Just Dial For $5.4 Mn

Sequoia Capital, one particular of the early buyers in local search support Just Dial has bought just about 1% of its stake in the organization as a result of open marketplace transactions, building an earning of close to $5.4 Mn (INR 35.55 Cr). The transaction took put on November 20, 2017. On the sale day,…

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Local Search Engine JustDial Reports 26.5% Rise In Profit For Q2 FY 18

Mumbai-based hyperlocal research motor JustDial has introduced its fiscal and functioning final results for the fiscal quarter ending on September 30, 2017. As for each the filings, the enterprise saw a web earnings of $5.7 Mn (INR 37.5 Cr), claiming a 26.5% Y-o-Y increase for Q2 FY 18. Nevertheless, the web earnings declined by 1.8%…

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