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Author Archive ‘ Binu Paul ’


Visteon to buy Bangalore-based product design firm AllGo

NYSE-listed automotive cockpit electronics supplier Visteon Corporation has acquired Bangalore-based AllGo Embedded Systems Pvt Ltd, a product design company focused on providing multimedia solutions for automotive and computer vision markets. The financials of the deal are not disclosed and the dea...

14 January, 2016 | More »


What startups expect from PM Modi’s ‘Startup India’ action plan

India’s startup ecosystem has grown by leaps and bounds over the past couple of years and now attracts the world’s biggest investment firms. Nonetheless, January 16 would probably mark the next phase of growth for the Indian startup ecosystem when Prime Minister Narendra Modi announces the much-...

13 January, 2016 | More »


Another Flipkart backer bets on ShopClues as GIC leads Series E round

Horizontal e-commerce marketplace ShopClues has entered the exclusive club of ‘unicorns’, or startups with at least $1 billion valuation, after raising an undisclosed amount in a Series E funding round led by Singapore’s sovereign wealth fund GIC Pvt Ltd. Existing investors including Tiger G...

12 January, 2016 | More »


In-building connectivity startup iBus gets $2.2M in Series A funding

iBus Networks & Infrastructure Pvt Ltd, a startup that specialises in connectivity solutions inside buildings, has raised $2.2 million (Rs 15 crore) in series A funding from   Vallabh Bhansali, co-Founder of Enam Securities; N Squared Management LLC and other investors. The family office of Jag...

12 January, 2016 | More »


Persistent Systems to acquire two cloud products from Citrix Systems

Pune-based Persistent Systems Ltd, through its US subsidiary, has signed an agreement to acquire Citrix Systems’ CloudPlatform and CloudPortal Business Manager product lines for an undisclosed amount. The agreement is with Citrix Systems International GMBH, a Swiss subsidiary of Citrix Systems...

11 January, 2016 | More »


Amazon leases 30,000 sq ft office space in Mumbai

E-commerce gaint Amazon Inc.’s local arm, Amazon India, has taken on lease over 30,000 square feet of office space at One BKC building in Bandra Kurla Complex area of Mumbai for its corporate headquarters. The e-commerce giant will pay monthly rent of Rs 265 per sq ft, entailing an outgo of Rs...

11 January, 2016 | More »


Exclusive: End of the road for LocalBanya?

Online supermarket LocalBanya.com’s last-ditch efforts to resurrect itself seem to have failed as discussions with three major investment groups for fresh funding have fallen through, a person familiar with the development has told Techcircle.in. The person, who is close to one of the current inv...

8 January, 2016 | More »


Ride-sharing startup 360Ride raises $150K in seed funding

Bangalore-based 360Cabs Software Services Pvt Ltd, which runs people-to-people (P2P) powered free ride sharing platform 360Ride, has raised $1,50,000 (around Rs 1 crore) in seed funding from an unnamed Delhi-based investor. The funds will be utilised to expand its marketing and promotional campaign,...

8 January, 2016 | More »


Ed-tech startup Myly raises $100K in seed funding

Jaipur-based EduCommerce Technologies Pvt Ltd, which runs mobile-based education startup Myly, has raised $100,000 (about Rs 67 lakh) in seed funding from Newbie Promoter Pvt Ltd. The funds will be used primarily for customer acquisition, the startup said in a statement. It is also planning to rais...

7 January, 2016 | More »


Mycity4kids raises $3M in Series A funding

Gurgaon-based startup Mycity4kids, a parenting blog and kids events discovery site, has raised $3 million (around Rs 20 crore) in Series A funding from SIDBI Venture Capital Ltd and existing investor YourNest Angel Fund. The funds will be deployed to further strengthen its mobile platform, it said ...

6 January, 2016 | More »