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Author Archive ‘ Dearton Thomas Hector ’

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Diagnostics startup Airmed raises $1.47 mn from Brand Capital

Ahmedabad- based Airmed Pathology Labs Pvt Ltd, which runs diagnostic home services startup Airmed, has raised Rs 10 crore ($1.47 million) in pre-series A funding from Brand Capital, the ad-for-equity investment arm of media firm Bennett, Coleman and Company Ltd’s (BCCL), Amit Gupta, co-founde...

27 January, 2017 | More »

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E-commerce firm Infibeam raising $8.8 mn from BCCL

Bennett, Coleman and Company Ltd (BCCL), the publisher of The Times of India, is investing Rs 60 crore ($8.8 million) in Ahmedabad-based e-tailer Infibeam Corporation Ltd in exchange for equity, stock-exchange filings dated 24 January show. BCCL is buying the Infibeam stock at Rs 1,375 apiece, a pre...

25 January, 2017 | More »

ixigo funding

China’s Fosun may invest in online travel search engine ixigo

Gurgaon-based Le Travenues Technology Pvt. Ltd, which runs online travel search engine ixigo, may raise investment from Chinese conglomerate Fosun International, media reports said. The Times of India reported on Tuesday night, citing sources it didn’t name, that Fosun invested in ixigo in a $15 m...

25 January, 2017 | More »

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BookMyShow acquires Hyderabad-based MastiTickets

Mumbai-based Bigtree Entertainment Pvt. Ltd, which runs online ticketing platform BookMyShow, has acquired Hyderabad-based ticket-booking platform MastiTickets for an undisclosed amount. A statement from BookMyShow said the acquisition includes the transfer of all of MastiTickets’s key assets ...

24 January, 2017 | More »

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LetsTransport raises $4 mn from GMO Venture Partners, others

Bengaluru-based Diptab Ventures Pvt. Ltd, which operates tech-enabled logistics startup LetsTransport, has raised $4 million (around Rs 27.2 crore) in its second round of funding, a top company executive told Techcircle.in. GMO Venture Partners, Neelesh Bhatnagar of NB Ventures and existing investor...

24 January, 2017 | More »

Flipkart

Flipkart’s PhonePe lashes out at ICICI, accuses bank of ‘flexing muscle’

The tussle between Flipkart’s digital wallet PhonePe and ICICI Bank over the UPI payments issue has taken the form of a public spat, with the startup’s founder and CEO Sameer Nigam accusing the country’s biggest private-sector lender of “flexing its muscle to overcome what they belie...

23 January, 2017 | More »

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Flipkart halts UPI payments after NPCI reverses stand in ICICI-PhonePe tussle

Flipkart-owned PhonePe has halted payments through the unified payment interface (UPI) option on the e-commerce company’s app as National Payments Corporation of India (NPCI) and ICICI Bank turn up the heat on the digital wallet to adhere to interoperability norms, a financial daily reported o...

22 January, 2017 | More »

Amit Singhal, senior vice president of engineering, Uber

Uber’s search for engineering chief yields former Google veteran Amit Singhal

San Francisco-based ride-hailing company Uber Technologies Inc. has hired former Google search chief Amit Singhal as senior vice president of engineering. Singhal, who hails from Uttar Pradesh in India, wrote in his personal blog post on Friday, “I’m excited to announce that I’m joining Uber a...

21 January, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

In U-turn, NPCI tells Flipkart’s PhonePe to adhere to UPI norms

Making a U-turn in the tussle between private-sector lender ICICI Bank and Flipkart’s digital wallet PhonePe, National Payments Corporation of India (NPCI) on Friday said PhonePe doesn’t adhere to interoperability norms of the Unified Payments Interface (UPI). NPCI, the umbrella organisation...

20 January, 2017 | More »

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After raising $5.7 mn, IvyCap-backed Taskbob shuts down

Two years since its launch and after amassing $5.7 million in external funding from three investors, Mumbai-based home services startup Taskbob, run by Crenovative Ideas Pvt Ltd, has halted its operations. Aseem Khare, co-founder and chief executive of Taskbob, confirmed the development to TechCircl...

20 January, 2017 | More »