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Johari Shop

Exclusive: Jewellery e-tailer Johari Shop goes omni-channel, gets angel funding

Jewellery e-commerce marketplace Johari Shop has raised $94,000 (Rs 62.5 lakh) from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The company will invest the capital to work on its omni-channel strategy that would start with t...

27 February, 2017 |More »

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Co-living space provider StayAbode gets angel investment

StayAbode, a Bengaluru-based startup that is building co-living spaces, has raised an undisclosed amount in an angel round led by investors Ishan Manaktala and Angie Mahtaney, it said in a statement. Those who have participated in the round also include Gaurav Bhalotia (former VP – engineering at ...

27 February, 2017 |More »

K'taka HC bars protestors from stopping Uber cabs; strike may spread to Mumbai

K’taka HC bars protestors from stopping Uber cabs; strike may spread to Mumbai

US-based Uber Technologies Inc’s India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Karnataka High Court that bars protesters, including union leaders and members, from blocking and stopping the company’s cabs. “The Hon’ble Karnataka High ...

27 February, 2017 |More »

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ItzCash to strengthen hold in expense management, backs fintech startup Finly

Mumbai-based digital payments company ItzCash Card Ltd has made an undisclosed equity investment in Bangalore-based expense management firm Finly. ItzCash will use the funds to strengthen its play in the expense management vertical, which is estimated to be a $25 billion opportunity for corporates i...

27 February, 2017 |More »

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Flipkart COO Nitin Seth looks to ‘bring back the DNA’ by rehiring old hands

E-commerce major Flipkart, which has seen continuous churn at the top level for the last few quarters, is quietly working to revamp its senior leadership team by bringing back old hands. At least half-a-dozen senior executives have returned to the company in the last few months. Flipkart COO Nitin S...

27 February, 2017 |More »

Meet the startups selected for GSF India’s fifth accelerator batch

Meet the startups selected for GSF India’s fifth accelerator batch

Global Super Angels Forum (GSF), a startup accelerator-cum-early-stage fund, has made new investments in five startups as part of its fifth accelerator programme. “This year our focus has been on deep learning, artificial intelligence, chat-tech, health, and fin-tech. Each startup in the current b...

27 February, 2017 |More »

IIM-B, Goldman Sachs select 15 entrepreneurs for Women Startup Programme

IIM-B, Goldman Sachs select 15 entrepreneurs for Women Startup Programme

Indian Institute of Management Bangalore’s NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) and global investment bank Goldman Sachs have selected 15 women entrepreneurs-in-the-making and their ideas for incubation over the next year, under the final phase of the Women Startup Programme. T...

27 February, 2017 |More »

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Nokia launches three Android phones, and a new-age 3310

Nokia, the iconic brand that once ruled the feature phone market, is back, and how! At the Mobile World Congress (MWC) in Barcelona on Sunday, Finnish startup HMD Global unveiled three new Android devices—Nokia 3, Nokia 5 and Nokia 6—and the good ol’, indestructible Nokia 3310 in a modern,...

27 February, 2017 |More »

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Bitcoin startups come together to regulate India’s cryptocurrency market

Bitcoin startups Zebpay, Unocoin, Coinsecure and SearchTrade have come together to form Digital Asset and Blockchain Foundation of India (DABFI) for the “orderly and transparent growth of the virtual currency market.” A panel comprising Zebpay founders Saurabh Agrawal and Sandeep Goenka,...

27 February, 2017 |More »

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Sands Capital, IFC & others to invest $30 mn in logistics startup BlackBuck

Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million (around Rs 200 crore) in its Series C funding round from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC). Citing two unna...

27 February, 2017 |More »

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Weekly roundup on startup funding

The startup funding activity was lean in the week ended last Friday with only six firms raising angel/seed and venture capital. In the biggest funding deal of the week, Gurgaon and Seoul-based Balance Hero, which operates mobile balance checking app True Balance, received $14.88 million in a Series ...

27 February, 2017 |More »

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911—The number that spooked Snapdeal

On Wednesday, Snapdeal founders Kunal Bahl and Rohit Bansal said they will not take salaries for an undisclosed period as the company struggles to survive. Well, that makes financial and ethical sense. It’s ethically right because it takes a large heart to admit mistakes and share the pain of empl...

24 February, 2017 |More »

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Nexus- and Matrix-backed Stayzilla shuts down, may return with a pivot

Online homestay aggregator Stayzilla, run by Inasra Technologies Pvt. Ltd, has halted its operations and will “reboot with a different business model,” co-founder and CEO Yogendra Vasupal has said. “This has been one of the toughest decisions that I have taken so far, but it is the...

24 February, 2017 |More »

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Clean-tech startup igrenEnergi raises funding from Japanese investors

igrenEnergi Inc, a US-based solar energy startup incubated at the Indian Institute of Technology-Bombay, has raised an undisclosed amount of funding from Japan’s BroadBand Tower Inc and GiTV. BroadBand Tower operates data centres and provides cloud services to e-commerce companies, video distribut...

24 February, 2017 |More »

health-tech startups

Ventureast floats early-stage fund to back health-tech startups

Early-stage investor Ventureast Fund Advisors India Ltd is raising a new $4 million ($26.6 crore) fund to make angel and seed investments in digital healthcare startups. This fund is an “independent initiative” as part of the healthcare series, a company spokesperson told VCCircle on Friday. “...

24 February, 2017 |More »