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.

Rebel Foods brews a new food kits plan

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

Bhavish Aggarwal @bhash

Very excited to share that @OlaElectric has acquired Amsterdam based @Etergo_official. The future of urban mobility is both electric, stylish and on two-wheels! We‘ll launch our first electric 2W later this year for Indian and global consumers. Read More: bit.ly/Etergo

Few tweets:

Elad Gil @eladgil

Jio is one of the most interesting things happening in the world today

Uday Kotak @udaykotak

China is the world’s factory, India can be its office! Why should Google pay $200,000 to work-from-home US engineers, when they can cheaply hire Indians here to do the same job on VC. Same with finance analysts, marketing, architects etc. New world creates new opportunities.

Worth your attention:

1. Ambani Prepares Facebook-Backed Unit for Overseas IPO Link

2. Ola Financial Services raises $30 from Matrix Partners, others Link

3. Indian clone of TikTok called Mitron achieves 5 Mn installs in a month Link

4. India’s contact-tracing app is going open-source Link

A week in review:

Shiva Singh Sangwan @shivassangwan

This week in 🇮🇳! • Ola Financial services raises $30M from Matrix partners and others • Ola electric to launch its electric two-wheeler for global markets: acquired Amsterdam-based Etergo • Jio prepares for Overseas IPO • Indian user base grew 120%: Snapchat

Shiva Singh Sangwan @shivassangwan

• Amazon launches food delivery service in India • Reliance JioMart website goes live • Indian clone of TikTok called Mitron achieves 5Mn installs in a month • India’s contact tracing app is going open source

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