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Author Archive ‘ Vijayakumar Pitchiah ’


Background verification firm BetterPlace gets under $1M from Unitus Seed Fund

BetterPlace Safety Solutions Pvt Ltd, a Bangalore-based startup that uses data analytics to perform background verification services, has raised $970,000 (Rs 6.6 crore) in seed funding from India-focused early stage investor Unitus Seed Fund. In a press release, the startup said that the money rais...

16 February, 2016 | More »


Online stock broker RKSV raises $4M in Series A funding from Kalaari, others

Mumbai based RKSV Securities India Pvt Ltd, that operates online discount stock brokerage platform RKSV, has raised $4 million (around Rs 27.3 crore) in a Series A funding round led by Kalaari Capital. The round also participation from health care tech firm GVK Davix Technologies Pvt Ltd and other u...

12 February, 2016 | More »


Twitter monthly user base didn’t budge from 320M but Q4 revenue up 48%

Microblogging site Twitter Inc’s user base showed no sign of growth in the fourth quarter of 2015 with the total average monthly active users (MAUs) at the Q3 figure of 320 million, raising concerns about its ability to attract new users despite ushering in new features to make it more engaging. M...

11 February, 2016 | More »


Next Education acquires ed-tech firm InOpen Technologies

Hyderabad based Next Education India Pvt Ltd has acquired Mumbai-based InOpen Technologies Pvt Ltd, a firm that develops educational content and teacher training solutions, in an all-cash deal. The deal gives Next Education access to Computer Masti, a computer science-focused curriculum developed by...

11 February, 2016 | More »


Ola undercuts own TaxiForSure to take on uberGO

Cab-hailing app Ola has rolled out Ola Micro, its newest low-cost riding service, as it looks to strengthen its offerings to retain its edge over main rival Uber. The service will be initially available only to select customers in Mumbai, according to the startup’s website. Ola Micro replaces Ola ...

10 February, 2016 | More »


Wearables startup GOQii raises funding from VC arm of Edelweiss

GOQii Inc, a wearable devices startup launched by Indiagames founder and former CEO Vishal Gondal, has raised an undisclosed amount from the venture capital arm of Edelweiss Financial Services Pvt Ltd. The investment round comes two months after Goqii raised $13.4 million (around Rs 90 crore) in S...

10 February, 2016 | More »


App developer toolkit startup Hansel.io gets seed funding

Hansel Software Pvt Ltd, which operates a toolkit for mobile app developers called Hansel.io, has raised an undisclosed amount in a seed funding round led by early-stage venture capital firm Endiya Partners. GSF Accelerator founder Rajesh Sawhney, Flipkart chief people officer Mekin Maheshwari and ...

9 February, 2016 | More »


Digital media startup Inc42 raises pre-Series A funding from Unicorn, Aarin & others

Ideope Media Pvt. Ltd, which operates media portal Inc42.com, has secured an undisclosed amount in a pre-Series A round of funding led by Unicorn India Ventures and Aarin Capital. The round also saw participation from a bunch of other investors that include Freecharge founders Kunal Shah and Sandeep...

9 February, 2016 | More »


Rocket Internet backed ride sharing app Tripda may shut down operations

Tripda Inc, a Rocket Internet-backed global, multi-location ride-sharing marketplace Tripda may shut down its operations. Techinasia, which reported the development quoting anonymous sources at Tripda, said the decision to shut down was attributed to the startup’s failure to secure follow-on round...

8 February, 2016 | More »

Girish Matrubootham, CEO, Freshdesk

Private unicorn’s no big deal, challenge is to be a public unicorn: Freshdesk’s CEO

The year 2016 will be a year for scaling up, according to Girish Mathrubootham, CEO of Freshdesk Inc. The San Francisco- and Chennai-based provider of SaaS-based customer support platform for enterprises also intends to set up its first European base. In an interview with Techcircle.in, Girish Mathr...

8 February, 2016 | More »