DailyNinja Raises $3 Million Funding & Other Startup News That You Need To Know


Listed below are some of the major news of the startup sector, take a look to stay updated:

DailyNinja Raises $3 Million Funding

Grocery delivery startup DailyNinja Delivery Services Pvt. Ltd, which operates across Bengaluru and Hyderabad, has raised $3 million in a fresh round of funding from Saama Capital and existing investor Sequoia Capital. This is the second round of funding for DailyNinja after it initially secured $1.5 million in a round from Sequoia Capital in October 2017. The company plans to use the current funding to expand its business across Bengaluru, Hyderabad, and Gurgaon.

Rajan Anandan, LetsVenture back mutual fund startup Nivesh.com

Mutual funds investment platform Nivesh.com has raised Rs 3 crore in a seed round of funding through LetsVenture. Google India MD – Rajan Anandan and former Infosys Global Sales Head – Basab Pradhan are among the major angel investors in the venture.

The fresh proceeds will be deployed towards expanding geographical footprints, ramping up technology and distribution network. 


Amazon begins lending marketplace for its seller ecosystem

Amazon India has launched Seller Lending Network–a marketplace platform where sellers can choose from competitive rates and loan offers options from third-party lenders.

Further scaling its Seller Lending programme launched in 2016, India will be the first country for Amazon where it has launched such dedicated lending product meant for its sellers. In the US, Amazon lends on its own books.

As of now, Amazon has been offering only one specific loan to a seller from a particular lender through the Seller Lending programme.

Uber launches Uber Lite

Global ride-sharing company Uber has launched Uber Lite, a made-in-India version of its rider app, meant for Uber users the world over.

The app was released at Uber’s Tech Day 2.0 in New Delhi. Uber Lite will pilot in Jaipur, Hyderabad, and Delhi for now. The app will continue to be rolled out across India this summer and in other countries around the globe later later this year.

The company claims that the new app not only saves space but also works in low connectivity areas — common in India — and on 99% of Android devices. 

Today’s Take Away:

We often get demoralised when our plans don’t work out in the first time. But, something that we tend to forget is that there are several other plans that might work out. We should try to make them work out instead of sulking over the failure.

As Claire Cook, the author, rightly says,

“If Plan A doesn’t work, the alphabet has 25 more letters.”