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June 09, 2016

Not the End of the Road for Hyperlocal delivery startups: Neeraj Jain, CEO - Zopper

In an Economic Times Retail article titled "Hyperlocal start-ups - The Road Ahead", Zopper CEO Neeraj Jain quotes Venture Intelligence data on funding in Hyperlocal delivery startups:
According to Venture Intelligence, 26 investments worth $171 million were made in these delivery startups.
(The data point was earlier carried by The Hindu article titled End of the road for Hyperlocal delivery startups?)

Neeraj believes that, despite the recent challenges facing the sector - Spoonjoy, Roadrunnr, Tiny Owl, Grofers and Zomato -  hyperlocal startups hold great potential. Apart from suggesting ways for these startups to make their way out, he suggest the current crisis could be an Opportunity in Disguise for the sector. Unlike regular e-commerce companies which have found themselves head to head with brick and mortar retail stores hyperlocal start-ups can work to bring in more local retailers on board to help them increase their service outreach and be part of the vibrant digital commerce ecosystem.

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. 

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