Page 3 - B2b Startups

Mahindra Logistics acquires B2B express business of Rivigo

Mahindra Logistics on Monday announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space. Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, team and assets of Rivigo's B2B express business and its technology platform, Mahindra Logistics said in a statement. Rivigo, however, will continue to own its truck fleet and the rights to the full truck load (FTL) operations. Rivigo operates a pan-India B2B express network with a robust client base and a full-service technology suite. Its express network currently covers over 19,000 PIN codes across the country through over 250 processing centres and branches, spanning more than 1.5 million sq ft. "This will add significant strength to Mahindra Logistics' express business capability," the company said. B2B express logistics continues to see strong

Fintech firm udaanCapital says it enabled Rs 2,200 cr credit to retailers

Company says 'working capital availability in the country is huge as small businesses adopt digital payments

B2B food processing start-up Suite42 raises $4.3 mn in seed funding

Suite42 says its technology helps clients to make fair price discovery, reduce processing cost

Peel Works to procure 100 EVs, replace delivery vehicle fleet to electric

Business-to-business commerce player Peel Works is probably the first firm that is planning to replace its entire fleet of fossil fuel-based delivery vehicles with electric ones and procure 100 EVs in the first phase. Peel Works, a Mumbai-headquartered B2B (business-to-business) grocery e-commerce company, is in talks with Piaggio, Tata Motors, Mahindra and Greaves for procuring 100 EVs (electric vehicles) for its distribution business. It operates the retail management platform, Taikee, and Manpower, Payroll management and Logistics as service platform 1SF. "We have plans to shift entirely to EVs (electric vehicles). As of now, in the first phase, we are planning to take 100 EVs ahead of this festival season. If it went well then we will go for more EVs deployment," the company's co-founder and supply chain Head, Lt Col Pushkar Raj (Retd) told PTI. He further told that the company is in talks with Piaggio, Tata Motors, Mahindra, and Greaves to procure 100 EVs (light goods vehicles

Foray into paints, B2B e-commerce are set to transform Grasim, says Birla

Both ventures complement existing businesses of Grasim; they cater to a large market, offer access to new customer pools, firm says

Aksum Trademart plans to raise $25 mn from investors to fund expansion plan

Aksum Trademart, a business-to-business (B2B) startup into raw material supply to MSMEs, plans to raise USD 25 million (about Rs 199 crore) from investors to fund its expansion plans. The company has hired a boutique investment banking firm to help raise capital. "We plan to raise phase-wise capital in line with our growth milestones and for making investment into technology. As per the growth milestones we are looking to raise USD 25 million over the next 12 months," Aksum Trademart co-founder Sumit Bhatia said. The company is in discussion with early stage investors and family offices to meet the capital requirements, the other co-founder Ankit Jain said, adding that the digital supply chain of the future will require the companies to outsource, that is, to leverage Supply Chain as a Service (SCaaS). The advantages include end-to-end connectivity, improved productivity, lower cost, heightened flexibility and better asset management, Bhatia said. On the debt front, he said, the .

B2B platform CleverTap to raise $105 million from CDPQ and others

B2B SaaS platform CleverTap on Wednesday said it has signed agreements to raise USD 105 million, about Rs 834 core, in the fourth stage of its funding round led by global investment group CDPQ.

B2B SaaS start-up WebEngage raises $20 mn in Series B funding round

The Series B round also saw participation from family offices of Unmaj Corporation, NB Ventures, Shashwat Nakrani (a co-founder of BharatPe), and Gopal Srinivasan (chairman of TVS Capital) and others

Ankiti Bose steps down from Zilingo board, was fired from firm in May

Bose was fired from the Singapore-based B2B e-commerce startup company on May 20 on grounds of financial irregularities

3 friends set on a new path of building Udaan into a global public company

India's largest business-to-business e-commerce platform said it has achieved positive unit economics and gearing up for an IPO

InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer

New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.

Top B2B player Moglix bolsters top rung, elevates three execs as MDs

The announcement comes as a boost to Moglix's senior leadership as it is poised for global expansion and growth

Blockchain is completely useless for core banking: Bhavin Turakhia of Zeta

Serial entrepreneur dwells on banking software, blockchain and Zeta's technology roadmap in a conversation with Business Standard

Noida-based edtech startup Classplus raises $70 mn in fresh funding

The new funding round came eight months after Classplus raised a $65 million series C funding in June last year.

Shipskart raises Rs 20.5 crore from Trail Mix Ventures, others

Tradeworks.vc, Motion Ventures and Eternia Investments also participated in the funding round.

B2B logistics tech platform Oorjaa raises Rs 9 cr in pre-Series A round

The funds will be used to focus on the product and tech development, expanding into new geographies and on working capital requirements

Smartron launches 2nd-gen tbike OneX for B2B segment; price at Rs 38,000

With this launch, the company said it now has five tbike models in its product portfolio

Bosch acquires 26% stake in B2B e-commerce firm Autozilla Solutions

The Hyderabad-based, Autozilla Solutions specialises in the development of electronic parts catalogues for spare parts

ElasticRun, a B2B e-commerce start-up, raises $330 mn at $1.5-bn valuation

In the last round, which was Series D in April 2021, the e-commerce start-up had been valued at $400 million

Vaibhav Gupta's plan for Udaan's journey to IPO

The IPO of B2B e-commerce platform Udaan has the potential to impress investors. In a chat with Business Standard's Nivedita Mookerji, Udaan's CEO Vaibhav Gupta tells us about his IPO plans and more