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In hyperlocal logistics, unit economics is a challenge, says GoJavas COO Vijay Ghadge

Vijay Ghadge founded GoJavas, an e-commerce focussed logistics company, in 2013 with 20 people. Originally an in-house delivery venture of fashion e-tailer Jabong, it later spun out as a separate third-party logistics firm. Two years down the line, QuickDel Logistics Pvt Ltd, which operates GoJavas,...

1 December, 2015 |More »

Bite Club gets funding from GrowX Venture and others

Bite Club, an online marketplace for chefs, has raised an undisclosed amount in pre-Series A funding from GrowX Venture Management to expand in the national capital region and introduce more product categories. The Phoenix Fund and existing investor Powai Lake Ventures also put money in this round, ...

1 December, 2015 |More »


Exclusive: Hotel bookings app RoomsTonite gets $1.5M in angel funding

RoomsTonite, a mobile app for last-minute hotel bookings, has raised $1.5 million (Rs 10 crore) in seed funding from a bunch of angel investors. Lashit Sanghvi, co-founder of Alchemy Capital; Nikhil Vora, founder of Sixth Sense Ventures; Venkat Vardhan, promoter of DNA Networks; Mohammed Bin Abdul R...

1 December, 2015 |More »

Myntra moves away from app-only strategy, restarts mobile website

Flipkart owned fashion e-tailer Myntra is relaunching its mobile website, six months after it went app-only. However, only parts of the mobile site were functional and a user could access only select product categories. E-commerce giant Flipkart too had done  a u-turn on its app-only strategy last ...

1 December, 2015 |More »

Spice Mobility appoints Dilip Modi as executive chairman

Handset manufacturer Spice Mobility Ltd (formerly S Mobility) has appointed Dilip Kumar Modi as executive chairman, according to a stock market disclosure. Modi is currently chairman. The company also appointed Modi as executive director. Besides, he will assume additional responsibility of handling...

1 December, 2015 |More »


Ed-tech startup CollegeDekho raises $1M from CarDekho parent

Jaipur-based Girnar Software Pvt Ltd, the company behind auto portal CarDekho and BikeDekho, has invested $1 million in ed-tech startup CollegeDekho. The startup runs a portal that lets students compare colleges, select courses, determine cutoffs for their desired courses and access other career-re...

1 December, 2015 |More »


YourStory acquires ebook publisher Papyrus Editor

Online media firm focusing on the startup ecosystem YourStory Media Pvt Ltd has acquired Papyrus Editor, an e-book editing and publishing platform, for an undisclosed amount. As a part of the deal, Gaurav Tiwari, founder of Papyrus, will join YourStory as tech lead, and will be working on generating...

1 December, 2015 |More »


Snapdeal launches native ad platform for sellers

Online marketplace Snapdeal has launched its native advertising services platform to help sellers increase revenue through targeted ads. Developed in-house, Snapdeal Ads will allow sellers to reach customers through product advertisements, the company said in a press release. Snapdeal Ads will stren...

30 November, 2015 |More »


Rocket Internet backs online budget hotels booking startup ZenRooms

ZenRooms, an online venture for booking branded budget hotel rooms, has raised an undisclosed amount in funding from a joint venture of Germany’s Rocket Internet and Qatar-based telecom operator Ooredoo. The venture, run by Singapore-based Zen Rooms Hospitality Pte Ltd, had in June raised $1 mil...

30 November, 2015 |More »


QikPod raises $9M from Flipkart, Accel and others

QikPod, a yet-to-be-launched startup founded by serial entrepreneur Ravi Gururaj that will offer locker services, has raised $9 million (Rs 60 crore) in funding led by e-commerce company Flipkart and venture capital firm Accel Partners. Logistics service provider Delhivery and Taiwanese electronics ...

30 November, 2015 |More »


Foxconn unit invests in marketing analytics startup MoMagic

FIH Mobile Ltd, a subsidiary of Foxconn Technology Group, has picked up 10 per cent stake in Noida-based MoMagic Technologies. The investment will allow FIH to extend its presence in India. The investment was made by FIH’s subsidiary Wonderful Stars Pte. Ltd. “Our investment in MoMagic Techn...

30 November, 2015 |More »


Merchandising startup Superhero Brands gets angel funding

Superhero Brands Pvt Ltd, a Mumbai-based character merchandising startup, has raised Rs 3.6 crore ($538,000) in an angel round of funding led by early-stage investment firm DSG Consumer Partners. Lead Angels, UK-based The Character Group and a number of other angel investors also put money in this r...

30 November, 2015 |More »


Two-wheeler taxi service Baxi raises seed funding worth $1.4M

Yet-to-be-launched startup Baxi, which runs a bike-ride hailing service, has raised Rs 10 crore (around $1.4 million) in a seed investment round from a clutch of HNIs. Manish Kheterpal, managing partner of private equity firm WaterBridge Ventures; Alok Mittal, former India head of venture capital fi...

30 November, 2015 |More »


SaaS analytics firm Wingify acquires US-based Navilytics

Delhi-based Wingify Software Pvt Ltd, which develops software tools to increase website sales, signups, downloads and conversions by using split and multivariate testing, has acquired US based Navilytics, a  visitor analytics solution platform for websites. In a press release, the company stated t...

30 November, 2015 |More »


Exclusive: Quikr all set to buy CommonFloor

The eight-year run of CommonFloor.com, a once high-flying digital real-estate pioneer in India, as an independent company is finally coming to an end. For full report click here...

30 November, 2015 |More »

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