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Co-working space The Hive, LetsVenture join forces to set up incubators

Thursday, March 16, 2017 | More »

(L-R) Chaitanya Ramalingegowda, VP-investor relations at LetsVenture, Shanti Mohan, co-founder & CEO, LetsVenture and Ankit Samdariya of The Hive
Virtuous Retail Services Pvt. Ltd, which operates collaborative workspace The Hive, has joined hands with online fundraising platform LetsVenture to set up and manage incubator spaces for startups. While LetsVenture-affiliated companies will have special access to The Hive’s network of collaborati...

Paytm

Paytm’s about-turn

India’s top digital wallet Paytm on Thursday took a U-turn on its decision to levy a 2% charge on top-ups via credit cards, which was introduced a day earlier, saying it was doing so keeping users’ convenience in mind and that it would instead put in place new mechanisms to check misuse....

10 March, 2017 | More »

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What does it really take for a startup to succeed?

Many things can go in favour of a startup, right from ideation to securing investment, creation of robust teams, consumer engagement practices and scaling up. And many things don’t. At the Mumbai edition of News Corp VCCircle Startup Summit last month, a set of entrepreneurs shared their stories o...

8 March, 2017 | More »

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Practo, Simplilearn, SAIF Partners among winners of VCCircle Awards

Digital healthcare platform Practo, ed-tech firm Simplilearn and diagnostics chain Thyrocare were among the winners at the sixth edition of VCCircle Annual Awards, which recognise the best-performing private equity and venture capital-backed companies and transaction advisers. Private equity firm Mu...

1 March, 2017 | More »

Closed

Nexus- and Matrix-backed Stayzilla shuts down, may return with a pivot

Online homestay aggregator Stayzilla, run by Inasra Technologies Pvt. Ltd, has halted its operations and will “reboot with a different business model,” co-founder and CEO Yogendra Vasupal has said. “This has been one of the toughest decisions that I have taken so far, but it is the...

24 February, 2017 | More »

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SAIF Partners checks out of MakeMyTrip with multi-bagger returns

Venture capital and growth-equity investment firm SAIF Partners has fully exited MakeMyTrip Ltd, according to the Nasdaq-listed online travel services provider’s filings with the US Securities and Exchange Commission. The investment firm sold its remaining stake in MakeMyTrip in the October-Decemb...

16 February, 2017 | More »

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Quikr revenue doubles in December quarter

Online classifieds portal Quikr India Pvt. Ltd doubled its revenue in the quarter-ended December over the same period last year driven by a steady increase in the number of users responding on the platform. “The company more than doubled its quarterly revenue year-on-year, despite a broader macroe...

10 February, 2017 | More »

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Budget 2017: Startups find it a mixed bag

Budget 2017 turned out to be the proverbial mixed bag for the startup community, meeting expectations on some fronts and falling short on others. While the lowering of taxes for MSMEs and tax holiday extension provided some cheer, many a startup felt it was mere tinkering that’s unlikely to br...

1 February, 2017 | More »

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Startups’ budget wish list: Tax sops, protection of early-stage investors

With budget 2017 set to be announced tomorrow, expectations are rife that the government will take measures to reduce costs for startups in their early years, including a longer tax holiday than the current three years. Startups are also seeking lower income tax slabs for their employees as well as ...

31 January, 2017 | More »

Alibaba

Paytm investor Alibaba’s Ant Financial to buy US firm MoneyGram for $880 mn

In step with its international ambitions, Ant Financial Services Group, the payment business arm of Chinese e-commerce giant Alibaba Group, has agreed to buy US money-transfer company MoneyGram for $880 million. Alibaba and Ant Financial hold a significant stake in One97 Communications Ltd, the pare...

27 January, 2017 | More »

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