Home > Articles by: Dearton Thomas Hector

Author Archive ‘ Dearton Thomas Hector ’

For-Bluestone-CarrotLane-Results-Story-TC_ThinkstockPhotos-454983451

Bluestone narrows revenue gap with Caratlane

The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore f...

16 February, 2017 | More »

Invest_fe

YourStory raises $3 mn in fresh funding; FY16 revenue soars

Bengaluru-based digital media company YourStory Media Pvt. Ltd, which runs YourStory.com, has raised $3 million (about Rs 20 crore) in a fresh round of funding, filings with the Registrar of Companies (RoC) show. Existing investors Kalaari Capital Partners III LLC, Qualcomm Asia Pacific Pte Ltd, 3ON...

16 February, 2017 | More »

For-PayU-Story-TC_ThinkstockPhotos-512349742

Online payments startup Razorpay turns profitable as sales rise 10-fold

Jaipur-registered online payment gateway startup Razorpay Software Pvt. Ltd has turned a profit in financial year ending March 2016, filings with the Registrar of Companies (RoC) show. The company posted a profit after tax of Rs 28.7 lakh for the year, compared with a loss of Rs 4.1 lakh in FY15. Ne...

15 February, 2017 | More »

Food_For-Faasos-Story-TC_ThinkstockPhotos-134253638

Losses at Sequoia-backed Faasos widen four-fold as expenses mount

Pune-based quick service restaurant chain and online food delivery company Faasos Food Services Pvt. Ltd saw losses widen four-fold in financial year ended March 2016, mainly on account of higher expenses, show filings with the Registrar of Companies (RoC). Losses for FY16 stood at Rs 111.1 crore co...

15 February, 2017 | More »

payU_fe

PayU leads $6.5 mn round of funding in ZestMoney

Bengaluru-based Chalk Farm Ventures Pvt. Ltd, which runs consumer lending startup ZestMoney, has raised $6.5 million (Rs 43.5 crore) in a Series A round of funding led by Naspers-owned online payments firm PayU, the company said in a statement on Wednesday. Existing investors Ribbit Capital, Omidyar...

15 February, 2017 | More »

Amazon plans online food venture in India

Food-tech startup 48East raises $500K in pre-Series A funding

Bangalore-based Love Food Ventures Pvt Ltd, which runs online food delivery startup 48East, has secured $500,000 (Rs 3.4 crore) in pre-Series A funding from the Al Dhaheri family of the UAE, it said in a press statement. 48East prepares and delivers Asian gourmet food on demand. The number 48 refers...

10 February, 2017 | More »

Sachin-Bansal_fe

Flipkart’s Sachin Bansal reiterates stand on ‘level playing field’ for local cos

E-commerce giant Flipkart’s co-founder Sachin Bansal has re-ignited the debate around a “level playing field” for Indian startups, saying it is essential to ensure that local companies don’t get “prematurely killed” by foreign competition. “Indian companies can and they...

9 February, 2017 | More »

Rajiv Bansal

Ola CFO Rajiv Bansal, CMO Sarup resign

Cab-hailing service Ola’s chief financial officer (CFO) Rajiv Bansal and chief marketing officer (CMO) Raghuvesh Sarup have quit the company, a person directly aware of the development told Techcircle. The person also said that Pallav Singh, senior vice president and one of Ola’s earlies...

9 February, 2017 | More »

zDo-gAo0-(1)

Paytm’s Sharma, Mahesh Murthy on cloud 9 as Musk hints at summer launch for Tesla

It was just a 23-character tweet. But it came from Elon Musk, the maverick founder of electric vehicles giant Tesla Motors. And it was enough to leave the poster boys of India’s startup community euphoric. In response to a question from an apparent Tesla fan, who asked, “eagerly waiting for ...

8 February, 2017 | More »

CarDekho

CarDekho FY16 net sales zoom, but losses triple

Jaipur-based Girnar Software Pvt Ltd, which owns auto classifieds portals like CarDekho, ZigWheels and Gaadi.com, saw its FY16 sales rise a strong 75 percent, but losses almost tripled as the company spent significantly more on brand marketing. Net sales for FY16 stood at Rs 82.48 crore, up from pre...

8 February, 2017 | More »