News Update
Uber Appeals to Delhi Government to Reevaluate Ban, Highlighting Use of Clean Fuel in All Delhi-NCR Cars
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ByStartupStory | November 10, 2023
Uber has appealed to the Delhi government, emphasizing that all 70,000 cars on its platform in the Delhi-NCR region run on either CNG or electric power, positioning them as environmentally friendly alternatives. The plea aims to overturn the recent ban on app-based taxi services from surrounding states and cities, limiting operations to cabs with Delhi registration. The ban was instigated following a Supreme Court directive to the Kejriwal government, urging contemplation of measures to address air pollution, including prohibiting services from companies like Ola and Uber.
Uber, in a letter, warned against the ban, stating it would be a “mobility lockdown” for citizens, hindering access to critical infrastructure. The company cited a study from the Delhi Technological University, asserting that less than 2% of the city’s air pollution originates from four-wheelers, advocating for a focus on other pollution sources.
Both Uber and Ola, major players in the ride-hailing sector, have been actively working towards electrifying their fleets in India, particularly in the Delhi-NCR region. The area has witnessed the emergence of EV-centric cab companies such as BluSmart and Lithium Urban Technologies. Despite a brief respite on Tuesday, Delhi’s pollution level, measured by the air quality index (AQI), surged back to ‘severe plus’ on Thursday. Industry sources suggest the Delhi government is likely to announce its final decision on the matter in the coming morning.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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