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Author Archive ‘ Disha Sharma ’

ShopClues looks to raise $75-100 mn in pre-IPO round

Tuesday, March 21, 2017 | More »

ShopClues
Clues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday. The transaction is expected to be a ...

Virtual reality startup ShilpMIS raises angel funding

Exclusive: Virtual reality startup ShilpMIS raises angel funding

Surat-based ShilpMIS Technologies Pvt. Ltd has raised an undisclosed amount in funding from Puneet Gupta, a digital industry veteran and angel investor, Nimitt Desai, partner at Deloitte US, and other high net worth individuals (HNIs), a top company executive told VCCircle. Founded earlier this mont...

16 March, 2017 | More »

Rewards startup

Rewards startup m.Paani raises $1.35 mn from IDG Ventures, others

Loyalty rewards app mPaani Solutions Pvt Ltd has raised $1.35 million in its pre-series A investment round led by IDG Ventures, Blume Ventures and Saha Fund, the company said in a statement. Existing investors Adil Allana of The Allana Group, Aprameya Radhakrishna, co-Founder of Taxiforsure, and ser...

16 March, 2017 | More »

Amar Arsikere

Big data company Infoworks raises $15 mn from Centerview Capital, Nexus

Data warehousing company Infoworks.io Inc. has raised $15 million (Rs 98 crore) in its Series B round of investment led by Centerview Capital Technology. Existing investor Nexus Venture Partners also took part in this round, Infoworks said in a statement. As part of the investment, Ned Hooper, partn...

15 March, 2017 | More »

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China-based Cyber Carrier invests in healthcare startup MyDermacy

Health startup MyDermacy has raised an undisclosed amount of funding from Chinese venture capital firm Cyber Carrier, a statement issued by the company said. The investor has acquired 15-18% stake in the company. The round also saw participation from MyDermacy’s existing investors, the statement a...

14 March, 2017 | More »

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Realty consultancy Coldwell acquires property portal Favista

Real estate consultancy firm Coldwell Banker India Pvt Ltd has acquired property search site Favista.com in an all-stock deal, the company said in a statement. Favista’s assets, IP and employees will become part of Coldwell. The realty broking firm’s brokerage arm will also be absorbed by the co...

10 March, 2017 | More »

Anand_fe

Former Snapdeal product head backs online funding platform LetsVenture

Former chief product officer at Snapdeal Anand Chandrasekaran has invested in Bangalore-based IndiePitch Solutions Pvt. Ltd, which runs online funding platform LetsVenture, according to a press statement. LetsVenture also allows startups to get their business plans reviewed by experts and helps them...

9 March, 2017 | More »

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AI to be major focus for data science, business intelligence in firms: PwC report

Artificial intelligence will be available for mass adoption in the domains of data science (9.6%) and business intelligence (7.8%) in industries and organisations, a report by consulting firm PwC has stated. The report, titled ‘Artificial Intelligence and Robotics – 2017: Leveraging artificial i...

9 March, 2017 | More »

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Axis Bank limits support for Snapdeal’s seller financing programme

Axis Bank has withdrawn its credit limit to some sellers on e-commerce firm Snapdeal’s platform over falling sale numbers, a report by a financial daily stated. The private sector lender even asked sellers to repay outstanding loans, an Economic Times report stated. The merchants had availed loans...

9 March, 2017 | More »

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Snapdeal’s potential fundraise from Softbank may cut its valuation in half

E-commerce firm Snapdeal is in talks to raise funds from existing investor Softbank, which could see its valuation fall below $3 billion, a financial daily reported on Wednesday. Jasper Infotech Pvt. Ltd., which runs Snapdeal, is looking to raise approximately $300 million, of which $100-150 million...

8 March, 2017 | More »

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