#hyperlocal startup

[cannyalley]

Hyperlocal

Hyperlocal marketplaces have been making a lot of buzz these days. Just last week, two hyperlocal delivery ventures raised massive funding. On one side, Zopper, a hyperlocal mobile delivery marketplace raised $20Mn in series B round funding from Tiger Global and Nirvana and yesterday, on the other side, Chandigarh based Jugnoo raised $5 Mn in Series A funding from Snow Leopard and Paytm.

Increase in the number of startups in this particular space and the growing interest of investors, highlights the amount of potential in Hyperlocal space which has now made delivery of everything from groceries to mobile phones to medicines, directly from the stores near your home easy, along with an upper hand over ecommerce in terms of faster delivery, less shipping costs and trust of the consumer. In recent times, apart from new startups, giants like Amazon too have entered this space, making it look much more promising. The demand in the hyperlocal delivery which is already skyrocketing with consumers becoming more aware and pro-technology, people now feel much more comfortable by getting everything with a click of a button. “Running an errand has been redefined by hyperlocal and on-demand ventures. Consumers want to buy groceries, stock up for the month etc. in a more intelligent fashion than the old-school way. Eventually, everything will become on-demand in a literal sense. Getting one’s medical reports, household chores or laundry and cleaning services etc, will be executed the hyperlocal way,” says Samar of Jugnoo. He further adds that the way things are moving, it won’t be long before ecommerce is replaced by hyperlocal. The options are way more and the turnaround time is way less in hyperlocal.  But on some level, a collaboration could also be explored between the two models. Experts are of the view that Hyperlocal delivery will grow strong in the areas where the product demand is immediate such as pharmacy, grocery and gifts to some extent.

[shishirmba]

Co-Founders Required: Hyperlocal in Delhi/NCR

Co-Founders Required: Hyperlocal in Delhi/NCR

Co-Founders Required

Industry: Hyperlocal B2B/B2C

Location: Delhi/NCR

I am building a Hyperlocal delivery startup in on-demand logistics segment. Please read my previous post regarding hyperlocal. Please go through the co-founder requirements as below:

CEO: Should be an experienced leader Equity: 15% Investment: INR 2,50,000 Qualification: BE/B.Tech or MBA or Both Age: 26 to 35

CTO: Should be…

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[thetechbulletin]

An Indian hyperlocal startup, ShadowFax raises $8.5m in Series A funding

An Indian hyperlocal startup, ShadowFax raises $8.5m in Series A funding

ShadowFax, a hyperlocal tech startup backed by Snapdeal founders has raised $8.5 million in Series A round of funding led by Eight Roads Venture, a Fidelity’s proprietary investment arm. Founded in April 2015, the Delhi-based ShadowFax follows a hyper-local model with service-delivery restricted to eight kms in Delhi-NCR, Mumbai and Bengaluru. The startup uses technology as a key enabler to drive…

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