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OhoShop

BCCL invests $1 mn in m-commerce enabler OhoShop

Media conglomerate Bennett, Coleman and Company Ltd (BCCL) has invested Rs 6.7 crore ($1 million) in software-as-a-service (SaaS) based m-commerce enabler OhoShop mCommerce Pvt. Ltd, according to a press statement. Ahmedabad-based OhoShop, which also makes affordable mobile apps and websites for sma...

3 March, 2017 | More »

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Infibeam to acquire ERP solutions firm DRC Systems

Infibeam Incorporation Ltd, the parent of online marketplace Infibeam and e-commerce enabler BuildaBazaar, is acquiring Ahmedabad-based DRC Systems Pvt. Ltd through its wholly-owned subsidiary NSI Infinium Global Pvt. Ltd. The two companies have signed a memorandum of understanding (MoU) to this eff...

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: HR solutions platform Tydy raises $275K from angel investors

Bangalore-based employee onboarding and engagement platform Tydy has raised $275,000 in angel investment from a group of individuals, including existing investor Bhupen Shah, former co-founder of Sling Media. Others who also invested in the firm are Jayesh Parekh, managing partner at Jungle Ventures...

2 March, 2017 | More »

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Sequoia-backed KredX acquires New York-based Hummingbill

Bangalore-based Minions Ventures Pvt. Ltd, which runs invoice discounting platform KredX, has acquired New York-headquartered accounts receivable software startup Hummingbill for an undisclosed sum, the company said in a press statement on Thursday. KredX said the acquisition will help it enhance it...

2 March, 2017 | More »

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E-commerce solutions provider Kreate Konnect raises seed investment

Kreate Konnect, which manages operations for e-commerce companies, has raised an undisclosed amount of investment from advertising agency Langoor, one of the company’s co-founders told VCCircle. The startup will use the funds to develop its product and to expand its sales team, Piyush Jaidev, co-f...

1 March, 2017 | More »

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Ideaspring makes maiden investment in packaging software startup Karomi

Marking its first investment, early-stage venture fund Ideaspring Capital has put in a little over $500,000 (Rs 3.5 crore) in Chennai-based Karomi Technology Pvt. Ltd, which runs Karomi, a tech startup in the packaging artwork management space. The investment will power Karomi’s international expa...

1 March, 2017 | More »

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Exclusive: Agri-tech startup Paalak.in raises seed funding

Delhi-based VDSS Agri Tech Pvt. Ltd, which owns and operates agri-tech startup Paalak.in, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. The angels who participated in the round include Vishwadeep Bajaj, C...

28 February, 2017 | More »

PayU to widen fintech play, bets on cross-border payments, offline business

PayU to widen fintech play, bets on cross-border payments, offline business

Naspers-owned payments gateway PayU India is betting big on the fintech space in India. While its primary focus will be on payments, particularly cross-border payments, it is also entering the credit business and offline space. In an interaction with VCCircle, PayU co-founder and chief operating off...

28 February, 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 »