IoT-based energy management startup Zenatix raises $200K from Snapdeal founders and others

Thursday, July 2, 2015 Comment

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Zenatix, an Internet of things (IoT)-based energy management startup, has raised around Rs 1.27 crore ($200k) in seed funding from Snapdeal co-founders Rohit Bansal and Kunal Bahl,...

Singapore-based VC firm Jungle Ventures appoints Ratan Tata as special adviser

Thursday, July 2, 2015 Comment

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Singapore-based early stage investor Jungle Ventures, known for its active investment practice in India, has appointed Tata Sons’ chairman emeritus Ratan Tata as special advi...

Snapdeal ropes in former P&G executive Amit Choudhary as senior VP – corporate finance

Thursday, July 2, 2015 Comment

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E-commerce marketplace Snapdeal, run by Delhi-based Jasper Infotech Pvt Ltd, has roped in former Procter & Gamble (P&G) executive Amit Choudhary as its senior vice presiden...

Reliance Industries to invest $39B in digital space

Thursday, July 2, 2015 Comment

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Reliance Industries will make an investment of over Rs 250,000 crore in the digital space, including rollout of wireless broadband infrastructure and manufacturing of mobile handse...

Facebook working on delivering high speed internet using laser

Thursday, July 2, 2015 Comment

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Facebook, the world’s largest social networking platform, is working on laser technology to deliver high speed internet through drones or satellites. “Our Connectivity ...

India to become Uber’s second largest market after the US

Wednesday, July 1, 2015 Comment

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Uber Technologies Inc will expand its services to seven new cities starting July 2, making India the largest geographical market for the cab-hailing app after the US. The San Franc...

Ratan Tata invests in country’s largest cab aggregator Ola

Wednesday, July 1, 2015 Comment

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Ratan Tata, chairman emeritus of Tata Sons, has made a personal investment in the country’s largest cab aggregator Ola, as per a press statement. Financial details of the funding...

Data centre firm NxtGen raises $13.5M from IFC, Axon Partners Group, Intel Capital

Wednesday, July 1, 2015 Comment

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Bangalore-based IT infrastructure services provider NxtGen Datacenter & Cloud Technologies Pvt Ltd has raised $13.5 million (Rs 86 crore) from International Finance Corporation...

SaaS firm Cloudcherry raises $1M seed funding from Chennai Angels, IDG

Wednesday, July 1, 2015 Comment

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Chennai-based software as a service firm Cloudcherry Analytics Pvt Ltd has raised over Rs 6 crore (around $1 million) in seed funding from The Chennai Angels (TCA) and IDG Ventures...

Jabong’s owner GFG raises $168M from existing investors AB Kinnevik and Rocket Internet

Wednesday, July 1, 2015 Comment

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Global Fashion Group (GFG), the holding company of Gurgaon-based lifestyle fashion and apparel e-tailer Jabong.com, has raised €150 million ($167.7 million) from existing investo...

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