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How Shopclues aims to build non-ecom revenues

E-commerce firm focusing on non-metro markets Shopclues is building a slew of services targeting half a million merchants, mostly micro and small businesses, who sell on its marketplace as it targets one-third of its revenues from outside sale transactions on the website in 18-24 months. “We are b...

29 July, 2016 |More »

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SEBI mulls easier norms to help startup listing platform take off

The Securities and Exchange Board of India (SEBI) has proposed a raft of changes in its institutional trading platform, better known as the startup listing platform, to make it attractive enough for firms to consider going public in India. In particular, the securities market regulator has proposed ...

29 July, 2016 |More »

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Business communication app AppSay raises $150K from Venture Catalysts

Business communication platform AppSay, which is operated by Custmore Interactive Solutions Pvt. Ltd, has raised $150,000 (Rs 1 crore) in its first round of funding from seed investment firm Venture Catalysts, it said in a statement. The round was led by angel investors Shreyans Shah and Mayank Shah...

29 July, 2016 |More »

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Still use Yahoo Messenger? Here’s what’s new in its Windows and Mac update

If you are a fan of Yahoo Messenger and use the service on Mac or Windows, then there is good news for you—Yahoo has updated the desktop app for the messenger. Last December, Yahoo had brought to life its erstwhile messenger by launching a mobile app in an attempt to revive the service. Yahoo, whi...

29 July, 2016 |More »

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Exclusive: On-demand laundry startup HelloDhobi gets angel funding from Swastika Company

Pune-based HelloDhobi Dry-Cleaners Pvt. Ltd, which operates on-demand laundry startup HelloDhobi, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd and some Mumbai-based affluent individuals, a top company executive told TechCircle. Arman Ver...

29 July, 2016 |More »

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We are not looking at 105th fashion e-tailer or 217th hyperlocal delivery firm: GSF’s Sawhney

GSF Accelerator has announced the launch of its fifth batch where it will select five startups for a three-month programme. The startups selected under the programme will spend two months in India to refine their products, followed by trips to San Francisco. The selected startups will be mentored by...

29 July, 2016 |More »

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Flipkart to lay off underperforming employees

India’s largest e-commerce player Flipkart is sacking at least 700 employees, or over 3 per cent of its workforce, as it looks to cut cost to compete with rivals like Amazon and Snapdeal. Flipkart is asking “under-performing” employees to either resign or face the prospect of being...

29 July, 2016 |More »

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Little Black Book didn’t spend any money on customer acquisition, says CEO Suchita Salwan

Delhi-based curated city and lifestyle guide Little Black Book is on a new high after raising $1.2 million from IDG Ventures India and the Indian Angel Network. The startup, which operates in New Delhi, Bangalore and Mumbai, claims the number of monthly active users have jumped 800% and revenue has ...

28 July, 2016 |More »

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Exclusive: Social marketplace GoCoop raises funding from Kris Gopalakrishnan, Saha Fund

GoCoop Solutions and Services Pvt. Ltd, which runs social marketplace for cooperative enterprises GoCoop.com, has received investment worth $830,000 from former Infosys vice-chairman Kris Gopalakrishnan and Saha Fund, according to its filing with the Registrar of Companies (RoC). It could not be imm...

28 July, 2016 |More »

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Snapdeal expands services play with Uber in-app integration

E-commerce marketplace Snapdeal has launched an in-app integration feature that will allow its users to hail an Uber cab from its mobile app without having to download and install the Uber app. The new feature is currently available for Android versions 4.0 and above. It will soon be rolled out for ...

28 July, 2016 |More »

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Cybersecurity firm Paladion hires ex-Infosys exec Sunil Gupta as COO

Paladion Networks Pvt. Ltd, a Bengaluru-based cybersecurity firm, has appointed former Infosys Ltd executive Sunil Gupta as president and chief operating officer. Gupta will be responsible for business strategies in the Middle East and India and will direct all business units and delivery, Paladion ...

28 July, 2016 |More »

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B2B commerce platform MaxWholesale raises funding from Maple Capital

Delhi-based B2B commerce and supply chain platform MaxWholesale has raised a seed round of funding led by investment bank Maple Capital Advisors. The firm has raised around Rs 1 crore (around $150,000), Samarth Agrawal, co-founder of MaxWholesale, told TechCircle. Abhinav Grover, director at Maple A...

28 July, 2016 |More »

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Flipkart gets a valuation boost from Fidelity

After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with...

28 July, 2016 |More »

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Modasta raises $1.5 mn in angel funding

Bangalore-based Tasman Drive Software Pvt. Ltd venture, which operates health content portal Modasta, has raised $1.5 million (Rs 10 crore) in funding from a consortium of Mauritius-based high-net-worth individuals (HNIs). The funds will be used for business growth, technology upgrade, talent acquis...

28 July, 2016 |More »

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Route Mobile acquires Cellent Technologies

Messaging and voice API (application programming interface) company Route Mobile Ltd has acquired Mumbai-headquartered Cellent Technologies, it said in a statement. Cellent Technologies, part of the Goel Group, has a presence in the application to person (A2P) messaging markets of the Middle East an...

28 July, 2016 |More »

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