daily roundup (June 3, 2022)

by admin
daily roundup (June 3, 2022)


Bigbasket offers package free delivery in India

Online supermarket A large basketa TATA enterprise, has started doorstep delivery of fresh fruits and vegetables without packaging to promote sustainability, the company announced two days ahead of World Environment Day on Friday.

Now run as a pilot project, it aims to completely remove packaging from its fruit and vegetable supply across India by 2023.

Seshu Kumar Tirumala, National Head of Buying and Merchandising for BigBasket, said: “We see a lot of single-use plastic being used in fresh food packaging and by removing it, significant environmental damage can be prevented. ”

Stanza Living invests $10 million to expand managed apartments

Technology enabled managed accommodation company Stanza Living on Thursday announced that it has invested $10 million to expand into managed apartments, starting with Delhi, NCR (Gurugram), Bangalore, Hyderabad, Pune and Chennai.

It started with an initial inventory of 5,000 rooms and plans to reach 1,20,000 rooms by 2026.

Sahil Ludhani, Senior Vice President of Revenue and Growth at Stanza Living said, “We have always focused on understanding the nuanced needs of different consumers and implementing smart technologies to create their lives. With this vertical, we will continue to set new standards in consumer experience.”

At the same time, the company will continue to deepen the footprint of its existing hostel-style accommodation businesses for students and young working professionals.

In March this year, it secured a $57 million (~Rs 425 crore) debt financing led by Kotak Mahindra Bank and RBL Bank, with existing debt provider Alteria Capital also participating.

Bengaluru-based Kafqa acquires Verb Studio

A Bengaluru-based performing arts academy Kafka Academy on Friday announced the acquisition of online dance academy Verb Studio, making it the largest performing arts academy in the country with 160 employees. It now serves a total of over 5 lakh students.

Bharat Kumar, founder of Verb Studio, said: “The partnership allows us to increase the impact of our work on Kafqa’s large user base and leverage Kafqa’s technology and content infrastructure to offer a better experience for customers and instructors.”

Moving forward, Kafka hopes to be the go-to destination for performing arts after receiving a response from over 600 cities in India within a span of just two years.

The core team of Kafqa Academy


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