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Author Archive ‘ Sainul Abudheen ’

Rocket Internet-backed online food ordering venture Foodpanda buys Brazilian competitor Entrega Delivery

Friday, September 19, 2014 | More »

Foodpanda.com (also known as Hellofood), a Rocket Internet-backed global, multi-location online food ordering marketplace with operations in 40 countries including India, has acquired Brazilian food delivery competitor Entrega Delivery. Post acquisition, Entrega will keep operating under its brand...


Pearson invests more in science education startup Experifun

Pearson Affordable Learning Fund (PALF), an education fund run by UK-based education company Pearson Plc, has invested an undisclosed amount in Bangalore-based Experifun Learning Solutions Pvt Ltd, which designs next generation science learning aids. Last November Experifun, along with another educ...

19 September, 2014 |More »


Firstsource invests in cloud-based data analytics startup Nanobi

Mumbai-based Business Process Management (BPM) firm Firstsource Solutions Ltd has picked a minority equity stake in Bangalore-based data analytics startup Nanobi Data & Analytics Pvt Ltd for an undisclosed sum. “We cannot disclose the deal size right now as Firstsource is a listed company,...

19 September, 2014 |More »


SAP to acquire Cleartrip backer Concur Technologies for $8.3B

German enterprise software major SAP has entered into an agreement to acquire Nasdaq-listed Concur Technologies Inc., a travel and expense management solutions firm co-founded by its Indian origin chief Steve Singh, for approximately $8.3 billion. Concur is a key investor in Indian online travel ag...

19 September, 2014 |More »


Excl: Online platform to book car test drives FirstRide gets angel funding

FirstRide Auto Pvt Ltd, a Bangalore-headquartered startup that offers FirstRide.in, an online portal for potential customers to book test drive with various car brands, has received an undisclosed amount in funding from Teja Govind, director of Hyderabad-based Sreemitra Townships Pvt Ltd. FirstRide...

18 September, 2014 |More »


Excl: Madurai-based Nativelead launches angels network, invests in Rainstock & FreshNV

Madurai-based Nativelead Foundation, a not-for-profit organisation that works towards new-age entrepreneurship development in tier II & III regions, has launched Native Angels Network (NAN), a region-focused investment network. NAN has made investments in two startups to begin with including Ra...

18 September, 2014 |More »


Mobile messaging concierge service Haptik raises $1M from Kalaari Capital

Mumbai- and San Francisco-based Haptik Inc., a startup that offers a mobile-based chat platform that enables users to get help with their products and services, has secured $1 million in its first round of equity funding from Kalaari Capital. The funds will primarily be used for scaling the app acr...

18 September, 2014 |More »


Classifieds site Quikr raises $60M from Tiger Global, Kinnevik, others

Quikr Mauritius Holding Pvt Ltd, the parent company of Quikr India Pvt Ltd which runs online classifieds site Quikr.com, has secured $60 million in fresh round of funding led by Tiger Global Management.  The round also saw participations from its existing investors, including Matrix Partners Indi...

17 September, 2014 |More »


Big Data IoT startup Altizon gets seed funding from The Hive, Infuse & Persistent

Altizon Systems Pvt Ltd, a Big Data-focused Internet of Things (IoT) startup based out of Pune, has closed an undisclosed amount in seed round of funding led by The Hive India, a Big Data-focused early-stage fund floated last year by Amit and Arihant Patni—the sons of one of the co-founders of Pat...

17 September, 2014 |More »


Amazon gets a breather as Karnataka halts clamp-down on its vendors

The Karnataka government has asked the state tax department, which recently launched clamp-down on a bunch of third-party vendors of Amazon India over alleged violation of current tax norms, to halt the action and review the proceedings, according to a report by The Economic Times citing a top s...

17 September, 2014 |More »

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