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US Based Startup Innovapptive Raises $1.5 Mn Funds From Hyderabad Angels

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US BASED STARTUP INNOVAPPTIVE RAISES $1.5 MN FUNDS FROM HYDERABAD ANGELS,Startup Stories,Startup Stories India,Inspiration Stories,2017 Most Read Startup Stories,Enterprise Asset Management,marketing team,enterprise software startup,customer acquisition

US-based enterprise software startup Innovapptive raised $1.5million from angel investor network ‘Hyderabad Angels.’ A spokesperson from Innovapptive confirmed this news and also shared that they will be using this funds to strengthen its sales and marketing teams, ramp up customer acquisition and also accelerate product innovation.

Director of Hyderabad Angels, Kishore Ganji will now be a part of Innovapptive’s board as a part of the deal. According to the reports, Hyderabad Angels investment in US bases startup was a strategy to expand its portfolio globally.

Hyderabad Angels transferred the funds to Innovapptive in December 2016 and the latter posted 400% revenue growth in the Q1 of 2017. In this context, Kishore Ganji said: “We are pleased to see 400% revenue growth for Innovapptive in Q12017 with the infusion of additional capital.”

Hyderabad Angels were established in early 2012 and consists a group of investors that includes VC’s, business leaders as well as entrepreneurs.

Innovapptive is a provider of highly configurable cloud-based enterprise mobile solution framework for EAM (Enterprise Asset Management) field operations and supply chain transactions.

Sundeep Ravande, President and Co-founder of Innovapptive said: “We’re just scratching the surface of how powerfully a configurable framework for mobile workforce management solutions can address the exponential demand that enterprises are experiencing.”

Hyderabad Angels, last year led a series of funding in Bengaluru-based edtech startup ePaathshala. It also invested in an adventure driven travel marketplace Thrillophilia and also in OnlinePrasad, an e-portal for devotees.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics,Startup News,Startup Stories 2025,Startup Stories India,Startup Latest News,Startup Story,Delhivery,Delhivery’s Acquisition of Ecom Express,Indian Logistics,Stock Market News,Stock Market,Indian Stock Market,Ecom Express,Delhivery Acquires Controlling Stake In Ecom Express,Delhivery's ₹1407-crore Acquisition Of Ecom Express,Ecom Express Acquisition,Delhivery To Acquire Ecom Express,India's Logistics Landscape,Logistics Acquisition,E-commerce Logistics,Indian Logistics Market,Delivery Infrastructure,Logistics Technology,Supply Chain Consolidation,Acquisitions,Stock Market Updates,Business News,Business News Today,Share Market Today,Delhivery Share Price,Delhivery Share,Delhivery Share News,Delhivery IPO,Delhivery Stock News,Delhivery Stock Market,Delhivery New Acquistion

Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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