For example, Grofers has the policy of providing free delivery for a minimum purchase of Rs 500.

Generally, ecommerce sites set up a minimum value of a purchase to validate free delivery.

For example, Grofers has the policy of providing free delivery for a minimum purchase of Rs 500.

Being the true businessman he is, the planning to set up an ecommerce platform was started way back in 2019.

Acquisition of C-Square: C-Square Info Solutions Private Limited, founded in 2002, provides software solutions for various functions online ecommerce, salesforce, retail, etc. | To read full story, visit https://startuparound.com/read/1578441607.2176628/How-did-Mukesh-Ambani-Set-to-Rule-eCommerce??ref=audio_experience

Vecna Robotics, a Waltham, Mass.-based workflow orchestration and self-driving forklift provider, raised $50m in Series B funding.

The round was led by Blackhorn Ventures, with participation from new investors Highland Capital and Fontinalis Partners, and additional funding from existing investors Drive Capital and Tectonic Ventures.

With this investment, Trevor Zimmerman of Blackhorn Ventures and Bob Davis of Highland Capital will join Vecna Robotics’ Board of Directors.

The company intends to use the new funds to expand its presence and accelerate the development of new product offerings.

Led by Daniel Theobald, Founder and CEO, Vecna Robotics delivers autonomous material handling solutions via self-driving vehicles powered by proprietary continuously improving software, Pivotal™, and 24/7 customer service team. | To read full story, visit https://startuparound.com/read/1578439808.194591/Vecna-Robotics-Raises-$50M-in-Financing?ref=audio_experience

M1neral, a Houston, TX-based early-stage energy tech startup, closed its $1.6m pre-seed financing.

The round was co-led by Amnis Ventures and Pheasant Energy, with participation from other investors and strategic partners.

The company intends to use the funds to continue to expand its development efforts.

Co-founded by Jacob Avery, Kyle Chapman, and Shawn Cutter, M1neral has nearly completed building its cloud-based transaction management platform for minerals and royalties.

The company’s platform offers a spatial search tool to identify opportunities and promote collaboration amongst all parties in the transaction process – from buyers and sellers to service providers and financial institutions. | To read full story, visit https://startuparound.com/read/1578438007.3969953/M1neral-Raises-$1.6M-in-Funding?ref=audio_experience

This is where Chilean startup, Roier.ai, (more about that name later) detected a marketing market niche it could exploit.

Related article: The secret behind Rappi’s lightning expansion in Latam: dataRoier.ai is a platform that basically carries out an assessment of a company’s digital marketing maturity, so as to go on to integrate an analytics management scheme tailored especially for it.

Those companies that do use these advanced techniques have come to identify the hidden bottlenecks within their marketing processes.

However, Kemeny has been in the marketing technology and digital sales strategy world for over half a decade.

This particular project came out of Kemeny’s 2017 conception of a data and digital sales solution while he was an independent consultant. | To read full story, visit https://startuparound.com/read/1578436211.9280868/Roier.ai-might-save-companies-drowning-in-a-digital-economy-with-AI?ref=audio_experience

Hitched, Inc., a Houston, TX-based marketplace for industrial rental equipment, closed $5.5m in Series A funding.

The round was led by Cottonwood Venture Partners.

The company intends to use the funds to accelerate its product development and enhance the customer experience.

Founded in 2018 and led by CEO Adam Gilles, Hitched provides rental and service companies with the capability of hosting, chartering, and managing equipment, all in a centralized platform.

The marketplace is currently used by players in the the oil & gas, construction, and industrial industries. | To read full story, visit https://startuparound.com/read/1578434411.1192327/Hitched-Raises-$5.5M-in-Series-A-Funding?ref=audio_experience

The Vistria Group, a Chicago, IL-based private investment firm focused on the middle market, closed Vistria Fund III, L.P., at $1.11 billion.

Capital commitments include a $100 million commitment from the firm’s Principals and Operating Partners.

Fund III will target investments in middle market companies operating in the healthcare, education and financial services industries in North America.

Fund I closed with over $400 million in commitments and Fund II closed in 2017 with $872 million of commitments.

Together with several co-investment vehicles raised since 2014, Vistria now manages more than $3.0 billion of institutional capital. | To read full story, visit https://startuparound.com/read/1578432611.7238705/The-Vistria-Group-Closes-Third-Fund,-at-$1.11-Billion?ref=audio_experience

TeleVet, an Austin, Texas-based online platform that connects veterinary clinics to their existing clients, closed a seed funding round of $2M.

The round was co-led by Dundee Venture Capital and Mercury Fund with participation from GAN Ventures.

Led by Co-Founder and CEO Steven Carter, TeleVet provides an integrated mobile app extension to existing veterinarian practice management systems.

The app allows two-way communication between clients and veterinary staff, enabling telemedicine, appointment scheduling, digital prescriptions and more, across familiar channels such as texts, emails and video calls.

The solution integrates into an existing office workflow, with no setup fee and unlimited live support. | To read full story, visit https://startuparound.com/read/1578430807.432464/TeleVet-Raises-$2M-in-Seed-Funding?ref=audio_experience

SoftBank has reneged on term sheets to invest in several startups, and Paul Graham says it's 'one of the most damaging things that can happen to a startup' | To read full story, visit https://startuparound.com/read/1578429006.3205893/Y-Combinator's-Sam-Altman-made-a-gutsy-bet-with-critics-5-years-ago-to-prove-there-wasn't-a-startup-bubble.-The-reason-he-lost-shows-a-disconnect-between-public-and-private-markets.?ref=audio_experience

Safe X Connected Cities Accelerator announces inagural cohortThe Safe X Connected Cities Accelerator, jointly run by VC firm Highline Beta and insurance firm Aviva Canada, has announced that four tech companies have joined its inaugural cohort.

7 Gate Academy announces new cohorts for AI, blockchain bootcampsVancouver-based training academy, 7 Gate Academy, has announced two new cohorts for its blockchain and machine learning programs that are expected to begin later this month.

“We see blockchain and machine learning as the prominent technologies driving the fourth technological revolution,” said Mahroo Vaziri, director of 7 Gate Academy.

The blockchain program runs for seven weeks, while the machine learning program runs for six.

Image source 7 Gate Academy via YouTube | To read full story, visit https://startuparound.com/read/1578427206.6721542/Today-in-cohorts:-Safe-X-Connected-Cities-Accelerator,-7-Gate-Academy?ref=audio_experience

SoftBank has reneged on term sheets to invest in several startups, and Paul Graham says it's 'one of the most damaging things that can happen to a startup' | To read full story, visit https://startuparound.com/read/1578425407.7496495/SoftBank-has-reneged-on-term-sheets-to-invest-in-several-startups,-and-Paul-Graham-says-it's-'one-of-the-most-damaging-things-that-can-happen-to-a-startup'?ref=audio_experience