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News on Medial
Bold Care, four others snag funding; KiranaPro buys hyperlocal delivery app
VCCircle
·
5m ago
Medial
Bold Care, a sexual health startup, has raised $5 million in Series A funding to enhance R&D and expand offerings across digital platforms. The Energy Company secured $2 million for EV battery development, while Honest Home captured $800,000 to scale operations. AI-driven Markytics.AI raised $500,000 for product development, and Croft Beverages secured $125,000 to support tea farmers. Meanwhile, quick commerce startup KiranaPro acquired the hyperlocal grocery delivery platform Joper.app to boost its capabilities.
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Deepak Ravindran’s KiranaPro acquires Joper.app
Entrackr
·
5m ago
Medial
Snippets Deepak Ravindran’s KiranaPro acquires Joper.app Quick commerce platform KiranaPro has acquired Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers, for an undisclosed amount. Through this acquisition, KiranaPro will fully integrate Joper.app’s operations, using its strengths in local vendor outreach and customer engagement. Joper.app’s onboarded stores, vendors, and customers will shift to the unified ecosystem. KiranaPro will use Joper’s vendor acquisition expertise to expand its market reach further and strengthen local store partnerships. Founded by Deepak Ravindran and Dipankar Sarkar, KiranaPro empowers local kirana stores and supermarkets with its technology. By enabling 10-minute deliveries and providing flexible revenue models, KiranaPro ensures kirana stores stay competitive in the retail landscape. Since its inception, the Joper.app claims to have expanded its operations in about 25 cities, including Ranchi, Thane, Kolkata, Jaipur, Mysuru, Noida, Vaishali, and others. It had onboarded multiple store owners and built a loyal customer base while operating on a rented platform. The combined strengths of AI-powered commerce and localized marketing will create new opportunities for Kirana store owners to scale their businesses more efficiently.
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PV Sindhu joins KiranaPro as investor and brand ambassador
Entrackr
·
5m ago
Medial
Quick commerce platform KiranaPro has roped in PV Sindhu, India’s badminton player, as both an investor and brand ambassador. The company didn’t reveal the financial details of the deal but confirmed that Sindhu’s investment is the first commitment in its seed funding round. PV Sindhu’s role will extend beyond just being the face of KiranaPro. According to the company, she will actively contribute to the brand’s vision of bridging the digital divide for small retailers. Her role as the brand’s official ambassador during IPL 2025 will further amplify KiranaPro’s presence on a national scale. Founded by Deepak Ravindran and Dipankar Sarkar, KiranaPro empowers local Kirana stores and supermarkets with its technology. By enabling 10-minute deliveries and providing flexible revenue models, KiranaPro ensures Kirana stores stay competitive in the retail landscape. Recently, KiranaPro acquired Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers, for an undisclosed amount. After this partnership, PV Sindhu will feature in multiple digital and traditional media campaigns, and wear the logo of KiranaPro on her jersey.
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Siksti’s hyperlocal app promises to deliver beauty, fashion in 60 min
YourStory
·
1y ago
Medial
Siksti, a hyperlocal e-commerce platform, has launched the Quick Commerce app, focusing on beauty and fashion products. The app offers doorstep delivery within 60 minutes in select areas of Mumbai, India. Siksti aims to tap into the growing demand for quick and convenient shopping experiences in the beauty and fashion sectors through its hyperlocal delivery model.
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Grocery delivery app KiranaPro faces cyberattack, servers deleted; CEO says legal proceedings on
Economic Times
·
2m ago
Medial
Grocery delivery startup Kiranapro was hit by a severe cyberattack, resulting in the deletion of its servers, as confirmed by CEO Deepak Ravindran. The attack gave hackers root access to Amazon Web Services and GitHub accounts, severely impacting the company’s operations and data. Although the KiranaPro app stayed online, it couldn't process orders for hours. The company has initiated legal proceedings and is collaborating with experts for a detailed investigation.
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Reliance writes off its $200 million investment in Dunzo - The Economic Times
Economic Times
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1d ago
Medial
Reliance Industries wrote off its investment in Dunzo, a hyperlocal delivery platform, after it failed in the competitive quick commerce market despite significant funding. The platform struggled with unsustainable cash burn due to aggressive expansion and marketing efforts, including an Indian Premier League sponsorship. As competition increased and startup funding decreased, Dunzo extended delivery times, underwent layoffs, and eventually ceased operations, leading to its app and website going offline by early 2025.
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Men’s sexual health brand Bold Care raises $5 Mn
Entrackr
·
5m ago
Medial
Men’s sexual health and wellness brand Bold Care has raised $5 million in a funding round co-led by Nithin Kamath’s Rainmatter, CaratLane co-founder Mithun and Siddhartha Sacheti, the Dhanani family, AVT Group, along with participation from Gruhas Collective Consumer Fund and NB Ventures. Entrackr exclusively reported on the deal in December. The proceeds will be used to strengthen research and development (R&D), scale the brand’s digital presence, and develop sexual health solutions for both men and women, Bold Care said in a press release. Co-founded in 2020 by Rajat Jadhav, Rahul Krishnan, Harsh Singh, Mohit Yadav, and actor Ranveer Singh, Bold Care provides solutions for issues such as premature ejaculation (PE) and erectile dysfunction (ED). It also offers condoms and lubricants and claims to have fulfilled over 30 lakh (3 million) orders so far. Bold Care has recently expanded into the women’s wellness sector with the launch of Bloom, offering solutions for women’s health concerns, including sexual health, personal hygiene, menopause, menstrual care, and pregnancy. The Mumbai-based startup currently sells its products through its own website, as well as on e-commerce platforms like Amazon, Flipkart, Myntra, and Meesho. It is also available on quick commerce platforms. According to market research, sexual health issues affect approximately 90-95 million men in India. For the fiscal year ending March 2024 (FY24), Bold Care’s revenue from operations increased by 6.67% to Rs 32.9 crore from Rs 30.90 crore in FY23. However, the company also reported a 21.46% increase in losses to Rs 19.3 crore in the last fiscal year. Bold Care competes with other D2C sexual and wellness brands, including Man Matters, Kindly, Sukham, Kapiva, and Sassiest, among others.
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Str8bat, Oncare, Zevo, Secret Alchemist snag early-stage funding
VCCircle
·
10m ago
Medial
- Sports technology company Str8bat secures $3.5 million in Series A funding led by Exfinity Venture Partners - Cancer-care startup Oncare raises $1 million in seed funding led by Huddle Ventures to expand operations and provide affordable cancer care solutions - Electric vehicle mobility platform Zevo raises $2 million in pre-Series A funding to deploy electric vehicles and develop fulfillment centers - Aromatherapy-based wellness brand Secret Alchemist secures $500,000 in seed funding led by Inflection Point Ventures and appoints actress Samantha Prabhu as co-founder - Zevo aims to raise an additional $20 million by January 2025 to have 200,000 electric vehicles on the road by 2030
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Tata Digital rolls out quick commerce offering Neu Flash
YourStory
·
8m ago
Medial
Tata Digital has launched quick commerce services through its app Neu Flash, offering various product categories including groceries, apparel, electronics, beauty, and personal care. The service is powered by the hyperlocal operations of BigBasket, which is also owned by Tata. This move follows Myntra's introduction of its quick delivery initiative called M-Now, which focuses on delivering products within 30 minutes to 2 hours. Amazon India is also reportedly planning to launch its own quick commerce arm called Tez. Quick commerce platforms are gaining popularity as consumers seek faster delivery for a wider range of products.
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JioMart Rolls Out Pilot In Mumbai, Navi Mumbai For Grocery Delivery In An Hour
Inc42
·
1y ago
Medial
JioMart has launched its quick commerce delivery service on the JioMart app, starting with hyperlocal grocery delivery. The company plans to expand this service to include apparel and electronic items in the future. Previously, JioMart had a 90-minute grocery delivery service called JioMart Express, but it was discontinued last year.
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Dunzo seeks capital from Reliance Retail
Startup News FYI
·
2y ago
Medial
Dunzo, a hyperlocal delivery startup, is reportedly seeking capital from Reliance Retail as part of its cost-cutting efforts. The company is looking to secure funding from strategic investors to support its operations and expansion plans. The move comes amidst the challenging market conditions and reflects Dunzo's efforts to strengthen its financial position and sustain growth in the hyperlocal delivery space.
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