Bike leasing startups across India struck a roadblock involving the coronavirus pandemic. Now, since the nation unlocks, individuals are interested in finding a secure way to sail. Bengaluru-based bicycle rental startup Vogo intends to exploit this market – in hibernation until for the previous few months – using technologies.
The focus on technology has assisted Vogo, which lets you pick up a scooter from anyplace and drop off it once you’ve reached your destination, create a mark at the crowded marketplace .
Anand Ayyadurai, Co-founder and CEO, Vogo, states: “From the very early days, we invested heavily in building IoT technology for our scooters. This serves a twin purpose – it makes the entire booking process automated, enables faster scale, and allows us to remotely monitor and control the scooter, ensuring the security of the asset.”
From freedom, we now proceed to that the growth of kitchens.
Restaurants and eateries are starting to hit the panic button since the coronavirus pandemic continues to eat in their enterprise. Diners have demonstrated a propensity to get takeaway alternatives, resulting in a change towards cloud kitchens, cooking centers that appeal just to online delivery requests which don’t have any physical dining room.
RedSeer Management Consulting, in a recent report, stated Cloud kitchens have been set to develop into a $2 billion business in India by 2024, up from $400 million in 2019. In factit known as cloud kitchens that the “key sauce to live from the post-COVID restaurant marketplace .”
Everybody wants a larger cheque today. Together with that the growth of VC investment , the explosion of India’s mobile-led electronic market, and second-time founders at the ecosystem, around dimensions have gone up.
Blume Ventures began in 2010 to bridge the gap between little angel investors and giant VCs. In the previous ten years, it’s supported hordes of startups which have become household names, mirroring the development of India’s electronic market.
Blume Ventures, that finished a decade in July, switched to LPs and global investors for Fund III, and closed a $41 million Opportunity Fund to further invest in its profitable stakes (mainly growth-stage startups). “LPs back you if they are aware you could turn into a narrative of [many] successes,” Sanjay Nath, Co-founder and Managing Partner of Blume Ventures, informs YourStory.
Blume bridged the basic gap between both by thinking like an early-stage angel investor — sometimes backing even idea-stage startups — but approaching the association like an institutional VC. They followed up the funding with continuous mentoring, and services like hiring, business development, go-to-market, and so on.
We now focus on a fintech company that’s making an impact in the educational field by taking education to the masses. This is where Financepeer comes in. Founded Rohit Gajbhiye, Naveesh Reddy, DebiPrasad Baral, and Sunit Gajbhiye in 2017, the Mumbai-based startup provides zero-cost EMI-based school fee financing options to parents.
The Google Launchpad-incubated startup so far claims to have impacted nine lakh children across 2,000 schools, in 50-plus Indian cities. The startup received angel financing of Rs 5 crore in September 2019 and claims to be working to remove economic disparity in the area of education.
(Edited by Teja Lele Desai)
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