The cofounders of RainCan, a daily essential subscription-based startup that was acquired by BigBasket and rebranded as BBdaily, have left the company. Both RainCan cofounders, Abhijeet Kumar and Munendra Singh have left BBdaily to start their new venture.
According to sources familiar with the transaction, both Kumar and Singh will launch a new startup that will assist other startups in digitising. "They will collaborate closely with startups throughout their APP and product development journey." "The new venture will build products that will help startups roll out new features and apps faster," said a person who requested anonymity. The startup will also create a fund to invest in startups with whom it is collaborating.