Hyperlocal delivery turns new favourite for investors; Swiggy, Zomato, Grofers top funding chart

During the last two years, hyperlocal sector funding was led by�Swiggy, which raised $1.39 billion, and�Zomato's $210 million capital infusion.;

Update: 2019-03-09 18:30 GMT
  • The hyperlocal sector saw 36 merger and acquisition deals between 2013-2018 worth 2 million.
  • Not just it has topped the list of sectors that attracted maximum investments in 2018, but it also saw companies like food ordering startup Swiggy expanding into new vertical including concierge that is led by  Google -backed Dunzo.
  • Moreover, apart from Google, global investors such as DST Global, Naspers, Alibaba, Tiger Global, SoftBank, Sequoia have raised their stakes in the market that is spread across grocery, milk delivery, and pharma apart from food delivery and concierge services.
  • Source: E-commerce and Consumer Internet Sector – India Trendbook 2019 by EY

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