1947 Tech Newsletter 🇮🇳

Share this post

1947 Tech 🇮🇳: 107

1947tech.substack.com

1947 Tech 🇮🇳: 107

Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India

shiva singh sangwan
Apr 16, 2020
Share this post

1947 Tech 🇮🇳: 107

1947tech.substack.com

1. Zomato may buy Grofers in an all-stock deal valuing e-grocer at $750M

One thing that we have seen that has happened in India during COVID-19, startups partnering up with startups and startups partnering with the government. Whether Uber teaming up with Flipkart or Oyo and Bounce teaming up with the government.

It’s great. We all are in it together!

But Zomato and Grofers are going one step further.

Zomato is learnt to be in talks to acquire online grocery retailing startup Grofers in an all-stock deal

Btw Albinder Dhindsa, founder of Grofers led international expansion for Zomato before parting to start Grofers.

Zomato may buy Grofers in an all-stock deal valuing e-grocer at $750M

2. RIL, Facebook weigh creating a super app

Facebook is in talks to buy a 10% stake in Jio.

Looks like they have a bigger plan together.

SuperApp has paid massive dividends in China and SEA. Wechat in China, Go-jek and Grab in Indonesia and Malaysia respectively.

India is still wide open.

No one in India has been able to build a dominant SuperApp. Many have tried.

Let’s see how this one goes.

The idea is to create an app that is not just a communication platform but one where users would also be able to buy groceries through Reliance Retail stores, or make payments using JioMoney.

RIL, Facebook weigh creating a super app

3. Zomato, Meesho, Snapdeal, Perpule and NoBroker expand to launch groceries

Sometimes you gotta do whatever it takes to stay in the game! At the end of the day, it is about who can adapt to the change and stay there the longest.

Post COVID-19, one thing is certain — the real businesses will stay and thrive, tourists will evaporate.

A slew of internet businesses have diversified into the groceries space, a category deemed tough to crack for e-commerce players, in the wake of the Covid-19 pandemic.

Social commerce startup Meesho, etailers like Snapdeal, Paytm Mall, Perpule and Shopclues as well as food delivery app Zomato, and real estate platform NoBroker have all launched delivery of essential grocery products on their platforms, in a bid to keep operations running and tap into rising consumer demand.

Zomato, Meesho, Snapdeal, Perpule and NoBroker expand to launch groceries

Worth reading:

  1. Rebel Foods gets $50 million more from US hedge fund Coatue Management Link

  2. Vedantu raises $12.5 million from Legend Capital, Omidyar link

  3. BigBasket raises $60 Mn from Alibaba and others Link

  4. India’s NoBroker raises an additional $30M from General Atlantic Link

  5. Prosus will keep investing in core areas, eyes M&As link

A week in Review:

Thank you for reading. Please share any feedback, questions or comments with me on Twitter :)

Share this post

1947 Tech 🇮🇳: 107

1947tech.substack.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Shiva Singh Sangwan
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing