E-commerce

The e-commerce giant faces operational disruption at a critical North Indian logistics hub as workers protest alleged 28% pay reductions and tightening attendance penalties.

Led by former Flipkart and Cleartrip executive Ayyappan R, the Bengaluru-based startup is leveraging a $255 million valuation to scale its lab-tested grocery model and penetrate adjacent consumer segments.

Backed by IvyCap Ventures, the tech-first platform is rapidly deploying fresh capital to scale its proprietary supply chain and AI personalization engines across the UAE and global corridors.

The ₹220 crore investment signals strong institutional backing as the government-backed network scales its infrastructure to expand digital retail access and break traditional platform dominance.

Backed by Bertelsmann India Investments, the Gurugram-based platform is aggressively expanding its 60-minute wholesale delivery network to capture 100,000 active retailers this fiscal year.

As the B2B e-commerce giant significantly halves its monthly burn rate, this $60 million top-up round could mark its final private capital injection before launching a major domestic public offering.