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Logistics firms vs Aggregators 🚚, Swiggy-Zomato back UrbanPiper 🍟, 250 unicorns by 2025🦄
Delhivery, Ecom Express, Xpressbees give aggregators a price shock, UrbanPiper raises $24 mn, India to mint over 250 unicorns, Funding Deals & more.
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Ecommerce logistics firms Delhivery, Ecom Express, Xpressbees give aggregators a price shock🚚
A new battle has begun between the country's three largest e-commerce-focused logistics firms and new-age logistics aggregators.
Delhivery, Ecom Express and Xpressbees have simultaneously increased shipment charges by as much as 35-40% for orders received via online logistics aggregators such as Shiprocket, Pickrr, Shipyaari and others.
The hike in prices is more tactical in nature as the logistics players found that aggregators were offering aggressive pricing for per-shipment deliveries compared with their own rates for clients.
Aggregators such as Shiprocket don’t own warehouses or build their own delivery infrastructure. They aggregate orders and route to them companies like Delhivery, Ecom Express and others.
Rivals Swiggy, Zomato back UrbanPiper in a $24 million funding round🍕
UrbanPiper, a restaurant management platform, has raised $24 million in a new round of funding led by existing investors Sequoia Capital India and Tiger Global, as well as food aggregator giants Swiggy and Zomato. This is the first time that both of these food-delivery giants have together invested in a startup.
The company plans to use the funds raised to scale its product and engineering teams, strengthen its platform capabilities, as well as broaden its offerings to enable more services to restaurants.
Founded in 2015 by Saurabh Gupta, Anirban Majumdar, and Manav Gupta, UrbanPiper provides business-to-business (B2B) software to help restaurants run their entire operations and bring a suite of digital offerings to manage the commerce workflows.
SaaS startup ITILITE has raised $29 million in a Series C round led by Tiger Global and Dharana Capital.
B2B e-commerce startup Udaan has received an additional investment from Microsoft in its debt financing round of over $200 million.
Expertia AI, a deeptech virtual recruitment platform has raised $1.2 million in a seed funding round led by Chiratae Ventures and Endiya Partners
India likely to mint over 250 unicorns by 2025: Report🦄
With 2021 being a watershed year for startup investments, India is now expected to have more than 250 unicorns or privately held startups with a $1 billion valuations or above by 2025, according to a report by investment fund Iron Pillar.
The aggregate value of Indian unicorns stands at $535 billion, says the report. With close to 130 Indian unicorns, including those domiciled out of India, the venture capital fund said that total unicorns in the country have more than doubled to 130 in the last 15 months alone.
Indian startups raised $36 billion in risk capital in 2021, making it a seminal year for fundraising, also because a bunch of tech firms went public on the Indian bourses.
India’s startup landscape has seen close to 100 unicorns being added since January 2019.
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