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Author Archive ‘ Sainul Abudheen ’

Kinnevik’s fair value of ownership with latest funding of Quikr values it at $340M

Friday, October 24, 2014 | More »

Classifieds site Quikr, which raised $60 million in fresh funding led by Tiger Global last month, was valued at around $340 million (Rs 2,050 crore) post-money, according to the fair value disclosure of holdings by its Swedish investor Investment AB Kinnevik. The valuation is based on cost of inve...


Last minute hotel booking site HotelsAroundYou gets funding from VentureNursery

Mumbai-based Instant Hotels Around You Pvt Ltd, the company behind HotelsAroundYou, an online platform to book hotels at the last minute at discounted prices, has raised an undisclosed amount in seed funding from VentureNursery, an angel-backed startup accelerator. Investors who participated in th...

24 October, 2014 |More »


SoftBank, Sequoia India invest $100M in Indonesian e-com marketplace Tokopedia

Global VC firm Sequoia Capital has marked its debut investment in Indonesia by participating in a $100 million funding round in e-commerce marketplace PT Tokopedia, which was led by Japanese telecom and internet major SoftBank. Sequoia invested in the firm from its latest India-focused VC fund whil...

24 October, 2014 |More »


Rediff Q2 revenue down 8%, fee-based income now drive India online business as display ads decline

NASDAQ-listed internet firm Rediff.com India Pvt Ltd reported 8 per cent decline in revenues for the second quarter ended September 30, 2014, to $3.65 million from $3.96 million last year. Net loss for the quarter was $3.02 million compared to net profit of $1.06 million in the year-ago quarter. Whi...

24 October, 2014 |More »


DIY e-com platform KartRocket raises $2M from Nirvana, 500 Startups, Beenos

Delhi-Based BigFoot Retail Solutions Pvt Ltd, the startup behind KartRocket.com, a do-it-yourself (DIY) e-commerce platform for Indian small and medium businesses (SMBs) and retailers, has raised $2 million in its Series A round of funding, led by Nirvana Venture Advisors, an India-focused early-st...

22 October, 2014 |More »


Wipro investing $8.2M more in Big Data firm Opera Solutions

Azim Premji-led Wipro Ltd, India’s third-largest software services provider, has entered into a Series G preferred unit purchase agreement to invest an additional $8.2 million into New Jersey-headquartered Opera Solutions LLC, a provider of Big Data predictive and prescriptive analytics solutions....

22 October, 2014 |More »

canver and haapily unmarried

Info Edge infuses over $2M more into Canvera, Happily Unmarried

Info Edge (India) Ltd, which runs a slew of consumer internet properties such as Naukri, 99acres, Jeevansathi and Shiksha, has infused Rs 10 crore ($1.64 million) more into Bangalore-based online photography startup Canvera Digital Technologies Pvt Ltd. The investment was done through optionally co...

22 October, 2014 |More »


Security device startup Rico raises over $66K in crowdfunding via Kickstarter

Kochi Startup Village incuabtee Mindhelix Inc. has raised over $66,000 through crowd-funding platform Kickstarter for its product ‘Rico’ that converts one’s spare smartphone into a home security device. The startup aims to raise $100,000 via Kickstarter with seven days left to reach the target...

22 October, 2014 |More »


B2X buys Mumbai-based customer-care solutions provider for smartphones TSS

Germany-based B2X Care Solutions GmbH, a provider of customer care solutions for smartphone makers, has acquired Mumbai-based The Service Solutions Pvt Ltd (TSS), a provider of managed care services to smartphone manufactures and an Apple authorised service provider in India, for an undisclosed am...

22 October, 2014 |More »


Excl: Agility computing startup People10 raises angel funding

Bangalore-based People10 Technosoft Pvt Ltd, a new-age software services startup that provides custom solutions in web, mobile, cloud and data analytics, has secured an undisclosed amount in early-stage funding from a group of high-net-worth individuals (HNIs) based out of the US, a top executive of...

21 October, 2014 |More »

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