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Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 |More »

Joshua Kumar, CEO, Renowala

Exclusive: Former ITC exec Pradeep Dhobale invests in home services startup Renowala

Hyderabad-based on-demand marketplace for home improvement services Renowala.com secured a second round of seed funding from FMCG veteran Pradeep Dhobale, a top company executive told Techcircle.in. Dhobale, who is a former ITC executive and an active angel investor, picked a 6.25% stake in the firm...

31 August, 2016 |More »

akchat

It’s different

Akshat Mittal has been variously described as a child prodigy, out-of-box-success-story and a rookie who hit the jackpot. In a session at the just concluded Delhi edition of Techcircle Startup 2016, Mittal spoke about his approach to success and challenges. Like this video? Sign up for our daily ne...

31 August, 2016 |More »

adda52

Casino & hotel operator to buy online gaming startup adda52 for $27 mn

Pune hospitality firm Delta Corp Ltd will acquire Gaussian Networks Pvt Ltd, which operates online poker site adda52.com, in a cash and stock deal that values the three-year-old startup at around Rs 182 crore ($27 million), it said on Wednesday. Delta that also runs casinos, intends to initially acq...

31 August, 2016 |More »

Amit Jain, CEO & Co-Founder,
GirnarSoft, CarDekho

CarDekho.com parent Girnar Software launches BusesDekho.com

Jaipur-based Girnar Software Pvt. Ltd, the company behind several auto portals, including CarDekho.com, BikeDekho.com and Gaadi.com, has launched BusesDekho.com, a new portal in the passenger commercial vehicle segment. BusesDekho will bridge the gap between manufacturers and bus owners in the count...

31 August, 2016 |More »

kalari_fe

Exclusive: Kalaari-backed fashion e-tailer TheLabelLife gets new co-founder

The Label Corp Pvt. Ltd, which runs online fashion platform TheLabelLife.com, has promoted its creative head Yashika Punjabee as co-founder. A branding, advertising and design professional, Punjabee earlier worked with Digitas Boston, McCann Erickson and ELLE Décor India, and also founded Groovy Tw...

31 August, 2016 |More »

Sandeep Aggarwal

Is funding truly a game-changer for start-ups?

Start-ups, like all other businesses, require funds to conduct their business activities. While the initial investment, also known as seed-funding, is generally sourced from friends, family and people who have faith in the idea, this fund is mostly used up in bringing the business from the kitchen o...

31 August, 2016 |More »

Sanjay Nadkarni

US-based home décor startup Houzz enters India, hires BabyOye’s Nadkarni

Palo Alto based online design and home décor startup Houzz Inc is all set to launch operations in India and has appointed Babyoye founder Sanjay Nadkarni the country head. Nadkarni took charge of his new assignment on the first of August, according to his profile update on professional networking p...

31 August, 2016 |More »

Dheeraj Pandey, Chairman & CEO, Nutanix

Enterprise cloud firm Nutanix acquires Sequoia-backed automation startup Calm.io

Silicon Valley-headquartered enterprise cloud computing company Nutanix Inc. has acquired development and operations (DevOps) automation startup Calm.io for an undisclosed sum. Nutanix has also signed a definitive agreement to acquire PernixData Inc., a scale-out data acceleration and analytics firm...

31 August, 2016 |More »

Tapan Barman

Personal mobile assistant app Mihup secures $6.7 mn from Accel Partners

Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs 45 crore ($6.7 million) from Accel Partners. The VC firm is picking up 20% stake in the startup. Besides Accel, Stayzilla’s chief technology officer and f...

31 August, 2016 |More »

Flyrobe

Fashion rental startup Flyrobe gets $5.3 mn from IDG Ventures and others

On-demand fashion rental platform Flyrobe has raised $5.3 million (about Rs 35 crore) in a Series A investment round led by IDG Ventures. Tokyo-based GREE Ventures and existing investor Sequoia Capital also participated in this round, the startup said in a statement. Paytm founder Vijay Shekhar Shar...

31 August, 2016 |More »

Inclov-3

Exclusive: Matchmaking app Inclov gets funding from Quintillion Media

Gurgaon-based matchmaking app for differently abled Inclov has raised Rs 1 crore (around $149,000) in a seed round of funding from Sarbvir Singh, former MD of Capital 18, and media entrepreneur Raghav Bahl-led digital news venture Quintillion Media Pvt. Ltd, a person privy to the development told Te...

30 August, 2016 |More »

Bala-Girisaballa-&-Ravi-Narayan_fe

Microsoft Accelerator names Bala Girisaballa as CEO, elevates Ravi Narayan as global director

Microsoft has appointed former Zinnov executive Bala Girisaballa as chief executive officer-in-residence to lead Microsoft Accelerator in India while Ravi Narayan, it’s former head, has been elevated to the role of Global Director. “Bala will lead the Accelerator’s efforts to help market-ready...

30 August, 2016 |More »

Kishore Biyani

Future Group to shut online venture Big Bazaar Direct

Future Retail Ltd, which houses a string of retail chain formats, has decided to shut its online venture Big Bazaar Direct, according to a media report. Business Standard, which reported the development, cited Future Group CEO as saying over the weekend that Big Bazaar Direct will be closed within a...

30 August, 2016 |More »

Abhishek-Sharma_fe

Doctors networking app Curofy appoints former LimeRoad exec as product head

Gurgaon-based 911 India Healthcare Pvt. Ltd, which operates networking app for doctors Curofy, has appointed former LimeRoad executive Abhishek Sharma as vice president of products. Sharma will be responsible for user experience, Curofy said in a statement. The appointment is likely to fast-track Cu...

30 August, 2016 |More »

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