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Author Archive ‘ Disha Sharma ’

Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

Friday, January 6, 2017 | More »

Kavin Bharti Mittal, founder, Hike
Hike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, accordi...

Snowloop

Photo recognition app Snowloop selected for Facebook’s FbStart

Photo recognition app Snowloop has been selected by Facebook for its FbStart programme, the co-founder of the company told TechCircle.in. The programme is aimed at developers in early-stage mobile-focused startups to help them build and develop their apps. As part of FbStart, Snowloop will receive c...

6 January, 2017 | More »

Apple Softbank

Apple confirms $1-bn investment in SoftBank Vision Fund

Apple Inc. is investing $1 billion in SoftBank Corp’s $100-billion tech fund, according to a report in a major international daily. The fund, called SoftBank Vision Fund, is also expected to witness participation from Foxconn Technology Group Ltd and the family office of Larry Ellison, chairman of...

5 January, 2017 | More »

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Freshdesk buys SaaS startup Pipemonk in seventh acquisition

Cloud-based customer engagement software Freshdesk Inc. has acquired software-as-a-service (SaaS) startup Pipemonk for an undisclosed amount. This is Freshdesk’s seventh acquisition in the last 16 months and is a part of an overall strategy to create an ecosystem of interlinked Freshdesk and third...

5 January, 2017 | More »

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Google seeks to lure small Indian businesses with new digital tools

Google India has launched a training programme to enable small businesses to come online. Christened Digital Unlocked, small and medium sized businesses (SMBs) can avail of offline training workshops, which will be conducted in partnership with the Federation of Indian Chambers of Commerce and Indus...

4 January, 2017 | More »

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Exclusive: Fashion portal Fynd backed by ex-Snapdeal exec Anand Chandrasekaran

Fashion portal Fynd, run by Shopsense Technologies Pvt Ltd, has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran, two people familiar with the matter who did not wish to be identified told TechCircle.in. Rajiv Mehta, chief executive of Arvind SportsLifestyle and R...

3 January, 2017 | More »

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Which funds should you pitch to in 2017?

Even though investor sentiment was cautious in 2016, the year saw nearly 26 funds come into being. While many of them were maiden funds, quite a few of them were at their first or second close. For startups looking to raise money in 2017, TechCircle.in has compiled a list of funds scouting for inves...

2 January, 2017 | More »

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Ed-tech startup Kleverkid winds up operations

Online marketplace for tutors Kleverkid, which is backed by Aarin Capital, has halted operations, co-founder Shabnam Aggarwal wrote in her personal blog. “All we had to go on was what the pundits told us: You’re not making enough money fast enough. It was a good question. When I tried to answer ...

30 December, 2016 | More »

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Myntra’s sales growth slows to 38% in FY16, losses widen

Flipkart-owned fashion e-tailer Myntra posted a revenue of Rs 1,069 crore for FY16, registering 38% year-on-year growth. Losses widened by nearly 10% from Rs 741 crore to Rs 816 crore, according to a report in the Mint newspaper citing regulatory filings. The sales growth of 38% was a sharp fall fro...

30 December, 2016 | More »

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Exclusive: LetsMD raises additional angel investment

LetsMD, a fintech startup in the health space, has completed its angel round of investment with the participation of WaterBridge Ventures, co-founder Nivesh Khandelwal told TechCircle.in. Calcutta Angels Network (CAN), LetsVenture, a platform that connects startups with investors, Anupam Mittal, fou...

29 December, 2016 | More »

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