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IndiaTimes of India ·

Snabbit and InstaHelp each hit 1 lakh orders as hourly rates drop to Rs 29

Home services platforms Snabbit and Urban Company's InstaHelp each crossed one lakh completed jobs on Sunday, marking a significant operational milestone for both. Fierce competition between the two platforms has driven hourly household help prices as low as Rs 29 in certain areas. Urban Company also offered 30-minute service slots at just Rs 19, representing a steep discount for users. InstaHelp, which covers a range of household chores, has seen rapid expansion alongside this pricing war. The milestones reflect strong growth momentum in India's on-demand home services sector.

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IndiaTimes of India ·

India PE-VC Investments Dip 6% to $20.3bn in First Seven Months of 2024

India's private equity and venture capital investments reached $20.3 billion between January and July, reflecting a 6% decline compared to the same period the previous year. July alone recorded $3 billion in investments, holding steady relative to last year's monthly figures. Despite the marginal overall drop, investors continue to show long-term confidence in India's private markets amid ongoing global economic challenges. Sectors such as renewable energy and B2B software startups have emerged as key areas drawing significant investor interest.