Launched by Bigfoot Retail Solutions in 2017, Shiprocket turned profitable in 2018-19 with an annualised revenue run rate between $25-30 million.
Startup investors continue to show preference to backing more experienced founders, with the proportion of founders with at least five years experience going up from 55 percent in 2017 to 82 percent this year.
The study said that 63 percent of the respondents, who attempted to raise funds in 2016, confirmed that they had an unfavourable funding experience with almost half of these not being able to raise any funding
Consumers will see lower prices in the medium term, businesses will able to operate more efficiently and the Government will see a broadening of its tax base along with ease of tax collection.
PepperTap acquires Bengaluru-based hyperlocal grocery delivery startup Jiffstore for an undisclosed amount