Artificial intelligence tech startup Tranzmeo got funding from HPCL, Patanjali or mother diary helping b-fresh to compete with Big Basket & Grofers, Sachin Bansal co-founder of Flipkart has registered his new company.

Now the total Indian e-commerce market is supposed to be worth 40,04,53,50,00,000.00 Rupee by 2021.  As Indian businesses or startups are investing money in new or growing startups so, they can increase the value and e-commerce market of India. There are many new and built businesses who got funding or who give funding For Example –

1. Ahmedabad: Kerala based artificial intelligence tech startup Tranzmeo has received an unknown amount in pre-seed funding from Hindustan petroleum corporation limited (HPCL).

Tranzmeo Kerala based startup is the leading technology provider of new generation IT solutions looking to deliver value to their customers. They have recently secured an undisclosed amount in pre-seed funding for its artificial intelligence-powered product, T-connect OneView. T-connect OneView streams through real-time machine data to learn machine behaviour and predict anomalies. Mr Sanjay Kumar General Business Development of HPCL says the startup will utilize the funds to accelerate research and development of its advanced, proprietary technology, product line-up to double the company headcount over the next 12 months.

2. Patanjali industry and Mother Dairy is helping B-fresh to compete with big brands like Big Basket and Grofers.

Baxi is a Gurugram-based bike taxi service provider who is launching its hyperlocal delivery service which is rebrand as B-fresh, which will go live from January 2019. Baxi (B-fresh) has tied-up with Patanjali Industries and Mother Dairy to launch its new service. According to the reports, in this project b-fresh will deliver goods like dairy products, fruits, vegetables, and other household items in the Gurugram area and certain parts of Delhi. In the hyperlocal delivery segment, B-fresh will be competing against some well-funded players such as BigBasket — backed by Chinese giant Alibaba, and Grofers, which is backed by Japan-based SoftBank.

3. The co-founder of Flipkart Mr Sachin Bansal has registered his new company, Bac Acquisitions Private Limited, in Koramangala, Bangalore, in which he will focus on the early stage business.

According to documents filed with the Ministry of Corporate Affairs Flipkart co-founder Mr Sachin Bansal has registered his new company BAC Acquisitions Private Limited in Koramangala, Bangalore. The company’s ROC filing describes it as a business that is “planning to build and acquire businesses in technology and provide services through information technology-driven internet and mobile platforms in various sectors for example –
1. Data Science
2. Healthcare
3. Energy
4. Media & Entertainment
5. Fast-moving consumer goods
6. Engineering
7. Retail
8. Logistics
9. Food & Beverages
10. Infrastructure
11. Construction
12. Machinery
13. Agriculture
14. Automobile
15 Gaming
16 Fiscal Advisory and,
17. Insurance

Bansal owns a 99.01% stake in the holding and rest of the remaining shares is of Mr Ankit Aggarwal (Senior Product Manager at Flipkart).

The Indian market is changing as per the Indian startups and businesses are growing. If you want to read more blogs stay to continue with hustle cowork.