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Author Archive ‘ Adith Charlie ’

Exclusive: Bike taxi app NOW secures $500K in angel funding

Monday, March 7, 2016 | More »

Bike taxi and hyperlocal delivery app NOW has secured $500,000 (Rs 3.35 crore) in angel funding from Jaipuria Group’s managing director Ruchirans Jaipuria and Supreme Motors director Anuj Sanghi. Jaipuria and Sanghi have already invested $200,000 (Rs 1.34 crore) and the remaining money will fl...


Ratan Tata backs home rental marketplace Nestaway

Tata Sons’ chairman emeritus Ratan Tata has invested an undisclosed amount in Bangalore-based Nestaway Technologies Pvt Ltd, a startup that runs a managed home rental marketplace by the same name. “It is an honour to have Tata…as an investor in the company and look forward to his guidance and...

28 February, 2016 | More »

Arun Uday

Exclusive: Yet-to-launch instant messaging app Tring gets angel funding

Tring, a yet-to-launch instant messaging app, has raised an undisclosed amount in funding from ValueFirst founder Vishwadeep Bajaj and other angel investors. Alok Gupta (MD of Gerken Capital Associates) and Ranganathan V (MD of DNA Technology Consulting) also put money in this round, Tring co-founde...

16 February, 2016 | More »


OYO buys Zo, Zostel in all-stock deal; Zo founders quit

It’s official. Budget hotel aggregator OYO Rooms has acquired Tiger Global-backed smaller rival Zo Rooms, OYO’s lead investor SoftBank said in an earnings presentation. A formal announcement is expected in the next two weeks, a person directly involved in the transaction told Techcircle.in. S...

10 February, 2016 | More »


When a top Silicon Valley VC (and Facebook director) touched a raw nerve on India

Leading venture capitalist Marc Andreessen fueled a Twitter storm on Wednesday by equating India’s recent decision to ban services such as Facebook’s Free Basics with the benefits of colonialism. “Anti-colonialism has been economically catastrophic for the Indian people for decades. Why stop n...

10 February, 2016 | More »


Exclusive: Snapdeal’s Chandrasekaran invests in Teewe maker CREO

Bangalore-based CREO, the maker of HDMI media streaming device Teewe, has secured angel funding from Snapdeal’s chief product officer Anand Chandrasekaran. Chandrasekaran’s investment is part of the recently concluded $3 million (Rs 20.4 crore) funding round that was led by Sequoia Capital India...

2 February, 2016 | More »


Speed hiring portal Hiree.com cuts 11% of workforce

IDG Ventures-backed Abhiman Technologies Pvt Ltd, which runs speed hiring portal Hiree.com (formerly myNoticePeriod.com), has laid off around 11 per cent of its employee base. Speaking to Techcircle.in, Hiree.com CEO Manjunath Talwar said that 10 roles were made redundant as the company wanted to &#...

2 February, 2016 | More »


Zomato’s learning from 2015: Don’t scale too fast, always focus on revenue

Zomato’s quick expansion last year meant that the food tech venture had more rivals to worry about, resulting in a diminished focus on operational revenue. “We scaled massively in 2015…We were rapidly launching operations in new geographies and setting up new businesses. Suddenly, having that ...

26 January, 2016 | More »


Mahindra Comviva buys majority stake in ATS to up Latin America play

Mobility solutions firm Mahindra Comviva has acquired a controlling stake in Advanced Technology Solutions (ATS), an Argentina-based mobile VAS company, for an undisclosed amount. This acquisition adds customers such as AT&T, Claro, Entel, Nextel, Oi, Telefonica, TIM and Viivo, besides others to...

23 January, 2016 | More »


Sanjay Mehta on investment preferences and startup ideas he won’t fund

Sanjay Mehta, a serial entrepreneur-turned-investor, gets nearly 200 startup investment proposals every month. The early-stage investor has backed about 40 startups, either in his personal capacity or through various angel networks. “Startup investments allow investors to move the needle and make ...

5 January, 2016 | More »

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