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TravelTriangle

Holiday marketplace TravelTriangle raises $10 mn in Series B funding

Online travel agent marketplace TravelTriangle has raised $10 million in Series B funding led by Singapore-based RB Investments. The funding round also saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners. Noida-based Holiday Triangle Trav...

7 February, 2017 |More »

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Exclusive: Cleartrip-backed hotel solutions provider iManageMyHotel raises funding

Kolkata-headquartered iManageMyHotel Technologies Pvt Ltd, which provides cloud-based property management solutions for mid-sized hotels, has raised an undisclosed amount from Jaarvis Accelerator, a person close to the development told Techcircle. In 2015, Hong Kong-based technology company Jaarvis ...

6 February, 2017 |More »

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Will Snapdeal really turn profitable in next two years?

Snapdeal co-founder Kunal Bahl has said that the e-commerce firm is looking to turn profitable in the next two years and that it doesn’t need to raise funds unless it decides to make an acquisition. “I see a relatively clear line of sight to (profit) and we’ve been making great progress in...

6 February, 2017 |More »

Jonathan Bullock

SoftBank COO Jonathan Bullock quits Snapdeal, Ola boards

SoftBank Group COO and managing director Jonathan Bullock has resigned from the boards of its two biggest investee companies in India, Snapdeal and Ola, a statement from the Japanese telecom and Internet conglomerate confirmed on Monday. Mint had reported, citing a regulatory filing, that apart from...

6 February, 2017 |More »

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Lingerie e-tailer Clovia’s net sales grow 61%, losses widen five-fold in FY16

Delhi-based Purple Panda Fashions Pvt Ltd, which runs online-first lingerie and sleepwear brand Clovia, registered a 61% increase in net sales for financial year ended March 2016 even as net losses widened five-fold. According to data sourced from the Registrar of Companies (RoC) by VCCEdge, the res...

6 February, 2017 |More »

Indian startups

10 Industries Indian startups are disrupting by doing away with traditional middlemen

In the past decade, India has seen a tremendous boom in innovative startup businesses. Largely targeting the rush of the millennial age, many startup companies are finding huge success by targeting their efforts directly to the consumer. In the age of instant digital transactions and information, it...

6 February, 2017 |More »

Uber launches cab-rental service UberHIRE in 8 cities

Uber launches cab-rental service UberHIRE in 8 cities

Taxi-hailing company Uber on Monday launched its on-demand car-rental service UberHIRE in eight cities, through which users can book a cab for as long as 12 hours, said a company statement. The service, which saw a successful pilot in Kochi, is being rolled out today in Delhi, Bangalore, Chennai, Mu...

6 February, 2017 |More »

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Myntra clocks sales of Rs 850 crore in January

Flipkart-owned Myntra registered sales of over Rs 850 crore ($126 million) in January, including those from its recently acquired unit Jabong, a financial daily reported on Monday. Buoyed by its ‘End of Reason Sale’, the online fashion retailer hit an annual revenue run rate of $1.6 bill...

6 February, 2017 |More »

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Online lending startup Capital Float raises $2.5 mn from IFMR Capital

Online lending platform Capital Float, operated by Bangalore-based Zen Lefin Pvt Ltd, has raised Rs 17 crore ($2.5 million) from Chennai-based non-banking financial company IFMR Capital Finance and its alternative investment fund by allotting non-convertible debentures (NCDs), a company spokesperson...

6 February, 2017 |More »

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Weekly roundup on startup funding

Only two startup funding deals were recorded in the week gone by, in the leanest spell for early-stage investment activity for at least six months. Delhi-based Notesgen Technologies and Precious Pet Services were the only companies that raised angel or seed funding. Ed-tech startup Notesgen raised $...

6 February, 2017 |More »

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Times Internet unveils online insurance platform

Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman and Co Ltd (BCCL), has launched ETInsure.com, an online platform through which customers can buy insurance products. The platform will offer insurance plans from seven insurance companies and is starting off wit...

4 February, 2017 |More »

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Accelerator NUMA Bengaluru invites applications for third batch

NUMA Bengaluru, the Indian base of French accelerator NUMA, has announced that it is now accepting applications for its third batch. All early-stage tech startups are eligible for the programme. Paris-based NUMA, which entered India in November 2015, has already accelerated two batches of startups h...

3 February, 2017 |More »

Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications, is set to raise $200-252 million (Rs 1,350-1,700 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, a major financial daily reported on Friday. The funding round, which marks Alibaba...

3 February, 2017 |More »

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Budget 2017: Acche Din for India’s digital economy

“Digital payments are to finance what the wheel is to transport,” so began the Watal Committee report that came out in December 2016. Rightfully recognising that we are on the cusp of a massive digital revolution, the finance minister in his budget speech outlined various proposals that ...

3 February, 2017 |More »

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‘Large’ India investment weighs on Amazon Inc’s bottom line

US-based Amazon Inc’s loss from international business widened to $487 million for the quarter ended 31 December 2016 compared to $108 million in the same period in 2015, as heavy investments in India, and aggressive spend on digital content and setting up warehouses weighed on the bottom line. Du...

3 February, 2017 |More »