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Author Archive ‘ Vijayakumar Pitchiah ’


Airtel’s music streaming app Wynk hits 12M downloads

Wynk Music, Bharti Airtel’s carrier agnostic app for music streaming, claims to have crossed 12 million downloads within 14 months of its launch. Two-thirds of downloads were made by users who do not subscribe to Bharti Airtel’s mobile telephony services, the company said in a press statement. T...

9 November, 2015 | More »


Hyperlocal delivery startup Shadowfax acquihires Pickingo

Gurgaon-based on-demand hyperlocal delivery ShadowFax Technologies Pvt Ltd has acquihired Pickingo for an undisclosed amount, in a cash and stock deal in a bid to ramp up and serve its clients better. First reported by The Economic Times, the acquihiring comes within days of Pickingo stopping it...

9 November, 2015 | More »


Trunkoz rolls out data storage services

Mumbai-based IT products and solutions provider Trunkoz Technologies Pvt Ltd is rolling out a data storage product targetted at small and medium enterprises (SMEs). Trunkoz is entering a market dominated by entrenched players such as EMC and IBM as well as new-age companies such as Dropbox and Sug...

6 November, 2015 | More »


Gomalon buys bookmyspa.in for $1.8M to up wellness play

Bangalore-based Gomalon Technology Ventures Pvt Ltd, which runs listing platform for wellness services Gomalon, has acquired spa booking service bookmyspa.in for about Rs 12 crore ($1.8 million). The news was first reported by The Economic Times. Anil Kumar, Gomalon founder, confirmed the devel...

5 November, 2015 | More »


Energy management startup Bidgely raises $16.6M

Bidgely Inc, a California-based energy analytics firm that has its engineering unit in Bangalore, has raised $16.6 million (Rs 108 crore) in a Series B funding round to expand its product offerings and boost presence in Europe. The round was led by Constellation Technology Ventures, the venture cap...

4 November, 2015 | More »


TinyOwl lays off 112 more, to scale down operations

TinyOwl Technology Pvt Ltd is laying off 112 more employees in its second such move in two months, as the food-tech startup tries to make its business viable. The company said in a statement on Tuesday it will scale down its operations nationally as a step towards sustainability and growth “in the...

3 November, 2015 | More »


Twigly raises $200K from SAIF’s Mukul Singhal, others

The food tech category may be facing a lot of heat but there are startups in this space who are still able to convince investors to pump in the money. Gurgaon based Twigly, a food-tech startup that delivers meals from its centralised kitchen, has raised $200,000 in angel funding from SAIF Partners&...

2 November, 2015 | More »


Hyperlocal home services player Taskbob buys Zepper

Consolidation in the online home services segment has started with Mumbai-based Crenovative Ideas Pvt Ltd, which operates home services startup Taskbob, acquiring Mumbai-based Zepper Services Pvt Ltd. The acquisition allows Taskbob to enter the lucrative but intensively competitive Bangalore market...

2 November, 2015 | More »


After layoffs, TinyOwl gets $7.5M more from Sequoia & Matrix

Food-tech startup TinyOwl Technology Pvt Ltd, which recently sacked about 100 staffers as part of a restructuring exercise, has raised $7.5 million (Rs 50 crore) in fresh funding from existing investors Sequoia Capital and Matrix Partners. The development was first reported by The Economic Times, qu...

30 October, 2015 | More »


Moglix gets pre-Series A funding from Accel Partners, Jungle Ventures

MOGLILABS Pvt Ltd, which runs online marketplace for industrial tools Moglix, has raised pre-Series A funding from Accel Partners and Jungle Ventures. The Singapore- and Noida-based startup will use the money to improve the technology platform, build its merchant base across Asia and increase market...

30 October, 2015 | More »