The classic hyperlocal model gets a makeover; BFSI might rescue IT services in FY21; ShareChat buys meme sharing platform Memer; Job cuts at Udaan

[] Tuesday, April 28, 2020 [Techcircle]( [linkedin]( [facebook]( Analysis [The classic hyperlocal model is back in a new grocery avatar. Will it work?]( On March 25, the day the nationwide lockdown came into force, grocery delivery startup Grocery Factory saw orders spike ten-fold. The startup, which operates only... Technology [BFSI sector may shore up IT services growth in FY21, say brokerage firms]( M&A [Twitter-backed ShareChat buys meme sharing platform Memer]( Startups [Tencent-backed B2B ecommerce marketplace Udaan fires contract employees across cities]( Startups [Seven Indian startups make it to third cohort of Sequoia Surge]( MORE STORIES - [Remote working to be rolled out as a long term strategy at TCS, post Covid-19 crisis]( - [Fresh off $5.7 bn investment from Facebook, Reliance debuts JioMart on WhatsApp]( - [HCL to bolster response system in Tamil Nadu during Covid-19 crisis]( - [Nvidia completes acquisition of Mellanox Technologies]( - [Paytm Mall partners with 10,000 stores for hyperlocal deliveries]( - [In Brief: Gadkari proposes Rs 1 tn plan to clear dues; Lockdown may spell doom for SMEs]( - [Mumbai Angels Network, others fund fintech platform AsknBid]( - [Singapore tourism board picks AI startup Agara for accelerator programme]( [KEEP READING]( [vccircle]( Tel: +91- 011-49711180, +91- 011-68132900, Email: subscription@vccircle.com [linkedin]( [facebook]( Mosaic Media Ventures Pvt. Ltd., 17, Okhla Industrial Estate, Phase III, Delhi, 110020 India [SafeUnsubscribe™ {EMAIL}]( [Forward email]( | [About our service provider]( Sent by newsletter@vccircle.net in collaboration with [Constant Contact]( [Try email marketing for free today!](