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Author Archive ‘ Varun Arora ’

Meet the 12 startups selected for Yes Bank’s accelerator programme

Friday, March 17, 2017 | More »

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India’s fifth largest private sector lender Yes Bank has chosen 12 fintech startups for the inaugural cohort of its accelerator programme. The Yes Bank Business Accelerator Program was set up in collaboration with startup incubator T-Hub, startup advisory firm Anthill and fintech platform Let’s ...

Laundry

PickMyLaundry acquires OneClickWash in all-cash deal

New Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneCl...

16 March, 2017 | More »

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Qualcomm Ventures leads Series E round in IoT device maker Borqs

Borqs International Holding Corp, which operates Internet of Things (IoT) device developer Borqs, has raised an undisclosed amount in its Series E round of funding led by Qualcomm Ventures, weeks before the firm is set to undergo a reverse merger, it said in a statement. In December 2016, the compan...

14 March, 2017 | More »

Supr-Daily

Supr Daily raises $120K from US-based accelerator Y Combinator

Mumbai-based daily consumables startup Supr Daily has raised $120,000 from US-based startup accelerator Y Combinator after it was selected as one the 12 Indian startups for the winter batch of the programme. The startup is also part of Y Combinator’s three-month mentorship programme, which ends th...

8 March, 2017 | More »

Data Resolve

Cybersecurity startup Data Resolve raises $1 mn from IDFC-Parampara fund

Noida-based Data Resolve Technologies Pvt. Ltd, which runs cybersecurity and cyber intelligence startup Data Resolve, has raised over $1 million from IDFC Parampara Early Stage Opportunities Fund, said a company statement. The company will use the funds to expand its sales and tech teams, expand acr...

7 March, 2017 | More »

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Exclusive: Ed-tech startup Nactus raises angel funding

Jaipur-based ed-tech startup Nactus India Services Pvt Ltd has raised an undisclosed amount from a group of angel investors, said Rohit Dusad, co-founder and CEO, Nactus. The round saw investments by Sandeep Aggarwal, managing director, Nomura; Gautam Chhaochharia, head of India, research, UBS; and ...

3 March, 2017 | More »

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LeEco fires 85% staff, likely to exit India

Chinese smartphone maker LeEco, which previously indicated financial strains, has fired 85% of employees in India and is likely to exit the country, according to a media report. LeEco’s two top executives—Atul Jain, chief operating officer of smart electronics business, and Debashish Ghosh, chie...

3 March, 2017 | More »

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Exclusive: Chandigarh Angels Network backs social enterprise LetsEndorse

Bangalore-based LetsEndorse Development Pvt. Ltd, which runs online network for social causes LetsEndorse, has raised an undisclosed amount from Chandigarh Angels Network, Tata Trusts-backed Social Alpha and other unnamed angel investors. LetsEndorse will use the funds to enhance its technology foot...

2 March, 2017 | More »

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Delhivery in talks to raise $100 mn from Carlyle, Fosun

Gurgaon-based ecommerce logistics firm SSN Logistics Pvt. Ltd, which operates under the brand Delhivery, is in advanced talks to raise $100 million (around Rs 667 crore) led by private equity firm The Carlyle Group with participation from Chinese conglomerate Fosun, according to a media report. If t...

28 February, 2017 | More »

Anil Goel

OYO may raise $500 mn from SoftBank, check into unicorn club

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, is in talks to raise $300-500 million (Rs 2,000-3,335 crore) from SoftBank Vision Fund, in what will possibly be one of the biggest deals in India’s consumer internet space, media reports said on Monday. If the deal goe...

27 February, 2017 | More »

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