1947 Tech 🇮🇳: 112
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. Rebel Foods brews a new food kits plan
India has been often labeled as a “Copy cat” nation. Well this is changing, both by design and choice.
What works in the west doesn’t guarantee it would work in India too. In fact, most of the time it doesn’t.
You need to build companies that are built in India and built uniquely for India.
Rebel food is an excellent example.
In fact, Rebel foods pioneered the concept of Cloud kitchen.
A business that is uniquely built in India, for India and now going global.
Rebel partnered with Travis Kalanik owned-Cloud Kitchens to launch operations in London.
2. Reliance JioMart website goes live, offers discounts on select products
This is going to be intense.
Politics in India has revolved around Roti Kapada Aur Makaan (English: Food, Clothing and Shelter)
Jio has added the fourth: “The data”
India’s GDP is still quite low and the majority of the consuming power is spent on buying basic necessities: Vegetables and fruits.
Naturally, everyone wants a piece of it.
Reliance Jio’s e-commerce portal JioMart has finally gone live after months of testing. The website of the new e-commerce venture has gone live and the company has also started receiving orders from serviceable pincodes.
Reliance JioMart website goes live, offers discounts on select products
3. Ola Electric to launch its electric two-wheeler for global markets; acquires Amsterdam-based Etergo
India is a decade-old startup story.
2010- 2015: India showed the world that it has the product-market fit
2015–2020: Indian companies can scale
2020 onwards: Indian companies can scale globally and become profitable
Worth your attention:
Ambani Prepares Facebook-Backed Unit for Overseas IPO Link
Ola Financial Services raises $30 from Matrix Partners, others Link
Indian clone of TikTok called Mitron achieves 5 Mn installs in a month Link
India’s contact-tracing app is going open-source Link