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Enterprise

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 »

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Hotel solutions provider Hostmaker raises $6.5 mn from Ventech, others

Hospitality management services startup Hostmaker.co has secured $6.5 million (Rs 43.37 crore) in Series A funding led by Paris-based venture capital fund Ventech and existing investor DN Capital, the company said in a press statement. The round also saw the participation of DSG Consumer Partners. L...

28 February, 2017 | More »

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Big data hiring startup Belong raises $10 mn from Sequoia, Matrix Partners

Bangalore-based recruitment solutions startup Belong.co, owned and operated by Belong Technologies India Pvt. Ltd, has raised $10 million (Rs 67 crore) in Series B funding led by Sequoia Capital India. Existing investor Matrix Partners India also invested in this round, Belong said in a statement. T...

28 February, 2017 | More »

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Co-living space provider StayAbode gets angel investment

StayAbode, a Bengaluru-based startup that is building co-living spaces, has raised an undisclosed amount in an angel round led by investors Ishan Manaktala and Angie Mahtaney, it said in a statement. Those who have participated in the round also include Gaurav Bhalotia (former VP – engineering at ...

27 February, 2017 | More »

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Bitcoin startups come together to regulate India’s cryptocurrency market

Bitcoin startups Zebpay, Unocoin, Coinsecure and SearchTrade have come together to form Digital Asset and Blockchain Foundation of India (DABFI) for the “orderly and transparent growth of the virtual currency market.” A panel comprising Zebpay founders Saurabh Agrawal and Sandeep Goenka,...

27 February, 2017 | More »

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Sands Capital, IFC & others to invest $30 mn in logistics startup BlackBuck

Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million (around Rs 200 crore) in its Series C funding round from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC). Citing two unna...

27 February, 2017 | More »

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Clean-tech startup igrenEnergi raises funding from Japanese investors

igrenEnergi Inc, a US-based solar energy startup incubated at the Indian Institute of Technology-Bombay, has raised an undisclosed amount of funding from Japan’s BroadBand Tower Inc and GiTV. BroadBand Tower operates data centres and provides cloud services to e-commerce companies, video distribut...

24 February, 2017 | More »

Oglas raises angel funding

Exclusive: Mobile ad platform Oglas raises angel funding

Noida-based mobile advertising startup Oglas has raised angel funding from two people, co-founder and chief executive Sunny Agarwal told Techcircle. Agarwal said Oglas, run by Advove Medios Pvt. Ltd, received funding from investment banker and NYU Stern alumnus Pankaj Rungta and serial entrepreneur ...

24 February, 2017 | More »

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B2B online marketplace Tolexo to lay off 300

Online business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiat...

24 February, 2017 | More »