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Bounce Infinity expands offline footprint, announces two new stores

Bounce Infinity on Tuesday said it announced the launch of new stores in Hyderabad and Dehradun, as it expands its offline footprint to cater to the growing demand for its E1 e-scooters. The company has got an order book of more than 60,000+ units since its launch in April. 

The startup now has nine operational stores in Bengaluru, Moodbidri, Sirsi, Kundapura, Mumbai, Kota, Hyderabad, Dehradun, and Jaipur. It plans to open six more in Bhubaneswar, Pune, Secunderabad, Visakhapatnam, Vijayawada, and Chennai by end of August 2022. It aims to open 75 more stores across the country in a staggered manner by the end of 2022.

CoCreate Ventures acquires Startupreneur’s platform to scale its operations

CoCreate Ventures, an idea-stage fund that works through a venture studio model, said it has acquired UK-based venture Startupreneur’s Traktor platform to scale its operations and improve its support for the entrepreneurial ecosystem.

Traktor is a virtual incubation platform by Startupreneur, which was founded by Aakarsh Naidu and Adhikar Naidu.  It provides an end to end digital ecosystem for entrepreneurs to generate their idea, build a pitch deck, receive mentoring, incubation, and funding support – all in a single place. 

Lumos Labs launches Hatch Web3 accelerator to strengthen the Indian Web3 community 

Lumos Labs, an innovation management firm based in India, said it is launching The Hatch Web3 Accelerator for Hedera, a decentralised network. It is inviting Indian Web3 startups to grow at scale with Hedera’s distributed ledger services. 

The accelerator programme will comprise two cohorts of five months each. The finalists from each cohort will be eligible to receive grants from a pool of $150,000 each from the HBAR Foundation, a partner for the event, along with mentorship and go-to-market guidance. 

Porter partners with GoMechanic as a logistics partner

Porter, a marketplace for intra-city logistics, has partnered with GoMechanic to provide seamless logistical support to the company to enhance customer experience.

Porter’s enterprise solution—Porter For Enterprise—as been delivering its logistics services to GoMechanic in eight cities including Ahmedabad, Bengaluru, Chennai, Delhi-NCR, and Mumbai, helping the company in serving more than 2,50,0000+ customers. It has helped GoMechanic improve retention to 11% from 7% – improving margins and lowering resource wastage.