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Author Archive ‘ Shruti Jain ’


Lending startup RedCarpet raises $2.5 mn from Lightspeed

Gurgaon-based micro-lending startup RedCarpet Tech Pvt Ltd has secured $2.5 million (Rs 16 crores) in a funding round led by venture capital firm Lightspeed Venture Partners, according to a financial daily. The funds will be deployed for improving the technology used for risk evaluation, adding new ...

1 March, 2017 | More »


Hiring startup Belong.co ropes in former Groupon top exec

NASDAQ-listed deals aggregator Groupon Inc’s chief operating officer Bharath Devanathan has joined Bangalore-based recruitment solutions startup Belong.co as chief customer officer, his LinkedIn profile shows. Devanathan joined Groupon India as vice president in April 2011 and in August he was app...

1 March, 2017 | More »

Meet the startups selected for GSF India’s fifth accelerator batch

Meet the startups selected for GSF India’s fifth accelerator batch

Global Super Angels Forum (GSF), a startup accelerator-cum-early-stage fund, has made new investments in five startups as part of its fifth accelerator programme. “This year our focus has been on deep learning, artificial intelligence, chat-tech, health, and fin-tech. Each startup in the current b...

27 February, 2017 | More »

IIM-B, Goldman Sachs select 15 entrepreneurs for Women Startup Programme

IIM-B, Goldman Sachs select 15 entrepreneurs for Women Startup Programme

Indian Institute of Management Bangalore’s NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) and global investment bank Goldman Sachs have selected 15 women entrepreneurs-in-the-making and their ideas for incubation over the next year, under the final phase of the Women Startup Programme. T...

27 February, 2017 | More »


Booking.com launches accelerator programme for startups in sustainable tourism

Accommodation booking website Booking.com has launched a new accelerator initiative, the Booking Booster Programme, for startups in the tourism segment. The three-week programme, which will be held in June 2017 in Amsterdam, will see between eight and 12 startups being shortlisted, the company said ...

17 February, 2017 | More »


Used car marketplace Truebil raises $3 mn from Chinese VC fund

Truebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital. The amount will fund the company’s expansion plans, apart from streamlining its operations. Part of the money r...

16 February, 2017 | More »


Amazon to set up two customer service facilities in Coimbatore, Noida

Amazon Development Centre (I) Pvt. Ltd has announced plans to open two new customer service facilities in Coimbatore and Noida, taking the total number of such facilities in India to five. It has two sites in Hyderabad and another in Pune, which opened in 2015. “Both Coimbatore and Noida are fast-...

15 February, 2017 | More »


Two of three Indian startup founders say there is a ‘bubble’: InnoVen Report

Almost 65% founders and CXOs at Indian startups feel the ecosystem is in a bubble, and close to one in five among those (18%) feel the bubble is close to bursting, says India Startup Outlook Report 2017 released by venture debt firm InnoVen Capital. The report, which draws on startup leaders’ ...

14 February, 2017 | More »


Expect gross booking value to rise five-fold in two years, says Treebo Hotels’ Gupta

Sidharth Gupta, co-founder of tech-focussed budget hotel chain Treebo Hotels, feels these are great times for the industry as rising incomes, lifestyle changes and digitisation are prompting more middle-class consumers to travel. Gupta had set up Treebo, operated by Ruptub Solutions Pvt. Ltd, in Mar...

14 February, 2017 | More »


Infibeam set to merge payment gateway firm CCAvenue with itself

Infibeam Incorporation Ltd has entered into a pact to merge CCAvenue with itself in a deal that is expected to value the payment gateway firm at Rs 2,000 crore ($298 million). The e-commerce company, which already owns 3.85% in Avenues India Pvt. Ltd-run CCAvenue through subsidiary NSI Infinium Glob...

14 February, 2017 | More »