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Exclusive: Snapdeal co-founders invest in online aggregator for last-mile logistics

Kunal Bahl and Rohit Bansal, co-founders of online marketplace Snapdeal, have put seed capital in a four-month-old online logistics marketplace for tempos and trucks. (FOR FULL REPORT CLICK HERE)...

3 July, 2015 |More »


Housing crisis puts SoftBank in a spot amidst its headline grabbing announcements

The fall of Housing.com from one of the hottest tech startups in India to a big public relations disaster has been quick, thanks to its just ousted CEO Rahul Yadav. And this has put the largest owner of Housing—Japanese internet giant SoftBank, one of the biggest internet investors from Asia wit...

3 July, 2015 |More »

Online marketplace GetNow secures seed funding from Atulya Mittal

Retail Labs Pvt Ltd, which is behind online marketplace for groceries, electronics, mobiles, computers, home and office supplies GetNow.at, has received an undisclosed amount in seed funding from Atulya Mittal, a nephew of steel tycoon Lakshmi Mittal and founder of Avan Projects, the company said. G...

3 July, 2015 |More »


Fitness tracker GOQii raises funding from Paytm’s founder Vijay Sharma

GOQii Technologies Pvt Ltd, a startup which offers a device that helps customers track fitness, has raised an undisclosed amount from Vijay Shekhar Sharma, founder and CEO of mobile internet firm One97 Communications. Incorporated in 2013 by Vishal Gondal, California-headquartered GOQii has offices ...

3 July, 2015 |More »


Software services giant Infosys to invest $10M in Irish startups

The country’s second largest software exporter Infosys will spend $10 million from its global innovation fund to invest in Ireland-based startups, the company said today. Though Infosys did not reveal the type of startups it will pursue, the innovation fund’s mandate is to put money in t...

3 July, 2015 |More »

Manish Saigal & Sandeep Lal

E-commerce logistics – A rapid growth opportunity for third party logistics service providers

The e-tailing market in India was valued at USD 5.6 billion in 2014 and is expected to grow at a CAGR of 53% to USD 70 billion by 2020. This growth would be on the back of rising internet penetration; increase in number of online shoppers and increasing share of online spend by customers. This ph...

3 July, 2015 |More »


Digital India: Tech startups hope for strong execution and accountability

While the Digital India program is expected to further propel the country’s e-commerce industry and fasten India’s transition to a knowledge economy, a common viewpoint is that archaic cyber laws, last mile connectivity bottlenecks and feeble infrastructure could be major deterrents to t...

3 July, 2015 |More »


Language learning startup CultureAlley raises $6.5M from Tiger Global, others

Jaipur-based Intap Labs Pvt. Ltd., which runs cloud-based online language learning platformCultureAlley, has raised $6.5 million in Series A funding from venture capital firm Tiger Global Management and other investors. Existing investors Kae Capital and 500 Startups also participated in this round,...

3 July, 2015 |More »


PayPal to acquire international digital money transfer firm Xoom

Online payments company PayPal Inc has acquired Nasdaq-listed Xoom Corp, a digital money transfer provider with operations in India, for an overall consideration of $890 million. The transaction, which values each Xoom share at $25, represents a premium of 32 per cent over Xoom’s three-month v...

3 July, 2015 |More »


Mobikwik co-founder Upasana Taku on the future of mobile wallet in India

Indian users are slowly but surely warming up to mobile wallets and MobiKwik wants to ride this wave. The company is keen to create ‘India’s largest independent payments network’ with 100 million digitally paying users and two lakh retailers by 2015-end, it said today In line with ...

2 July, 2015 |More »


Financial services portal BankBazaar raises $59M from Amazon, Fidelity and others

Chennai-based A & A Dukaan Financial Services Pvt Ltd, which sells third-party financial services products through the online platform BankBazaar.com, has raised Rs 375 crore ($59.1 million) in Series C funding from e-commerce giant Amazon and other investors. Fidelity Growth Partners and Mouss...

2 July, 2015 |More »


Mobile P2P marketplace for used cars Zoomo raises $5M from existing investors SAIF Partners

Zoomo, a P2P mobile marketplace for buying and selling used cars, has secured Rs 32 crore (around $5 million) in funding from existing investor SAIF Partners. Bangalore-based YoungMonk Technologies Pvt Ltd, which owns and operates Zoomo, will use the money to expand operations and to improve technol...

2 July, 2015 |More »


Angel investors and VC firms are now investing in an Indian startup every 10 hours

The hectic pace of early-stage investment activity in India has gone up by a few notches as angel investors and venture capital firms are falling over each other, hoping to bet on the next multi-million dollar—if not the billion dollar—valued startup. So much so that now on an average every 10 h...

2 July, 2015 |More »

Prashan Agarwal

PropTiger co-founder Prashan Agarwal floats used-car marketplace 19miles

Prashan Agarwal, who had co-founded online real estate services portal PropTiger, has floated a new startup that would act as a curated peer-to-peer transaction marketplace for buying and selling used cars. Chistened 19miles, the newly started firm has also secured Rs 2.5 crore in funding from an un...

2 July, 2015 |More »


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

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, Google Southeast Asia head Rajan Anandan and a clutch of other investors. Trifecta Capital MD Rahul Khanna, Investopad ...

2 July, 2015 |More »

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