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Enterprise payments firm Airpay secures Series A funding from Kalaari Capital, others

Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari Capital and existing investors Rakesh and Rajesh Jhunjhunwala. The company, operated by Airpay Payment Services Pvt. Ltd, will use the funds to build its technology, sales, d...

21 March, 2017 |More »

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Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. While...

21 March, 2017 |More »

Two Bangalore women give a ‘clean’ twist to co-working spaces

Co-working spaces – the idea of an open and communicative work culture – is finally picking up in the Indian startup ecosystem. The past two years have witnessed many startups, including Innov8, InstaOffice and 91springboard, venturing into this space to cash in on the opportunity. In fact, seve...

21 March, 2017 |More »

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Bombay High Court bars taxi unions from disrupting Uber’s operations

US-based Uber Technologies Inc’s India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Bombay High Court that prevents dissenting taxi union bodies from disrupting its operations in Mumbai. Mumbai’s taxi unions had threatened to go on strike on 21 Ma...

21 March, 2017 |More »

ShopClues

ShopClues looks to raise $75-100 mn in pre-IPO round

Clues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday. The transaction is expected to be a ...

21 March, 2017 |More »

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Exclusive: GrabOnRent close to raising Series A round

Bangalore-based GrabOnRent Internet Pvt. Ltd, which runs product rental marketplace GrabOnRent, is close to raising $3 million (Rs 19.5 crore) in Series A funding from new and existing investors, two persons familiar with the matter said. Existing investors IvyCap Ventures and Unicorn India Ventures...

20 March, 2017 |More »

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Flipkart raises $1 bn in down round: Report

Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, has reportedly raised $1 billion in a massive fundraising round. The funds were secured at a down round that valued the company at $10 billion, the report added citing the same people. Flipkart had a p...

20 March, 2017 |More »

Tips to make the Startup culture a resounding success

Tips to make the Startup culture a resounding success

The startup culture that is slowly gaining momentum calls for adequate support at various levels to sustain itself. In the absence of the same, the enthusiasm may soon lose its vitality. It is necessary to make an assessment of the diverse support infrastructure that has to be erected to make the mi...

20 March, 2017 |More »

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Snapdeal strategy head Jason Kothari formally takes over at FreeCharge

E-commerce firm Snapdeal, operated by Jasper Infotech Pvt. Ltd, has appointed Jason Kothari as chief executive officer of its mobile recharge platform FreeCharge. Kothari will also continue his key leadership role as chief strategy and investment officer at Snapdeal, the company said in a statement....

20 March, 2017 |More »

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After venture capital, startups taking ‘vendor capital’ for granted

The bloodletting in the Indian startup ecosystem continues with hotel-booking app RoomsTonite shutting shop on the heels of the Stayzilla fiasco, which is still playing out in the media. I have previously said that the startup space in India is safe because of its self-correcting nature. However, I ...

20 March, 2017 |More »

WorkApps

WorkApps can now track field teams in real time with Google Maps integration

Pune-based WorkApps Solutions Pvt. Ltd, which offers an enterprise workplace collaboration tool, has introduced an update to integrate its app within the Google Maps application programming interface (API). The update will help organisations manage large and distributed field teams more efficiently,...

20 March, 2017 |More »

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Weekly roundup on startup funding

In the week gone by, seven startups received angel/seed and venture capital funding. In the biggest deal of the week, San Jose-based enterprise data warehousing company Infoworks received $15 million in a Series B round of funding led by Centerview Capital Technology and existing investor Nexus Vent...

20 March, 2017 |More »

Brian

Key takeaways from Airbnb CEO Brian Chesky’s India visit

Home-sharing company Airbnb Inc has introduced a new offering in India, as it seeks to expand its operations in a market that is still tiny but growing rapidly. The company, whose online rental listings range from private rooms to manors and islands, launched the Trips platform during the visit of c...

20 March, 2017 |More »

Snapdeal

Two senior executives resign from Snapdeal’s Bangalore centre

E-commerce firm Snapdeal, owned by Jasper Infotech Pvt. Ltd, continues to see senior-level churn. This time, the company’s two associate vice presidents Balaji Hariharan and Hemanth Kota have resigned, a report in The Economic Times stated citing people aware of the development. Hariharan serv...

18 March, 2017 |More »

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Meet the 12 startups selected for Yes Bank’s accelerator programme

India’s fifth largest private sector lender Yes Bank has chosen 12 fintech startups for the inaugural cohort of its accelerator programme. The Yes Bank Business Accelerator Program was set up in collaboration with startup incubator T-Hub, startup advisory firm Anthill and fintech platform Let’s ...

17 March, 2017 |More »

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