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IDG, Accion to invest more in CreditMantri

Monday, February 20, 2017 | More »

IDG, Accion to invest more in CreditMantri
Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors, said a report in a financial daily on Monday. Citing filings with the Registrar of Companies (RoC), The Economic Times reporte...

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Why a potential Snapdeal-Paytm merger makes perfect sense

Will they? Won’t they? Rumours come and go, but those around India’s third-largest e-commerce company Snapdeal’s merger refuse to die down, even though the suitors keep changing. For instance, not too long ago, the Jasper Infotech Pvt. Ltd-run company was in the news for exploring ...

18 February, 2017 | More »

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Flipkart has no plans to cut jobs, says COO Nitin Seth

Flipkart’s chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country’s e-commerce sector, will engulf the company as well. “We had to go through that phase last year but with the growth we saw in the last quarter ...

17 February, 2017 | More »

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Urban Ladder raises $15 mn from Kalaari, SAIF and others

Bangalore-based Urban Ladder Home Décor Solutions Pvt. Ltd, which runs online furniture store Urban Ladder, has raised close to Rs 102 crore (around $15 million) in a fresh round of funding from existing investors. The investors who participated in the round are Kalaari Capital, SAIF Partners, Stea...

17 February, 2017 | More »

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Is Flipkart clawing back in the game against Amazon?

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four...

17 February, 2017 | More »

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Google takes on Amazon Echo, adds voice-activated shopping

Tech giant Google has added another feature to Google Assistant-powered Google Home smart speaker which would allow users to shop for products online. Google Home users can now order products from a litany of retailers including Costco, Whole Foods Market, Walgreens, PetSmart and Bed Bath & Beyo...

17 February, 2017 | More »

News website The Ken raises $400K from angels

News website The Ken raises $400K from angels

Subscription-based news startup, The Ken, has raised $400,000 (Rs 2.68 crore) from a clutch of investors, the company said in an email statement. The participants in this round of funding include Aprameya Radhakrishna, co-founder, TaxiForSure; Deepak Natraj, managing director, Aarin Capital; Girish ...

17 February, 2017 | More »

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Exclusive: Packaged foods startup Sattviko acquires StylSpot

Rays Culinary Delights Pvt. Ltd, which runs packaged foods company Sattviko, has acquired outfit curation portal StylSpot in order to strengthen its technology platform, a top company executive told Techcircle. Sattviko, which also operates a chain of quick-service restaurants (QSR) in three cities,...

16 February, 2017 | More »

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Used car marketplace Truebil raises $3 mn from Chinese VC fund

Truebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital. The amount will fund the company’s expansion plans, apart from streamlining its operations. Part of the money r...

16 February, 2017 | More »

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Bluestone narrows revenue gap with Caratlane

The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore f...

16 February, 2017 | More »

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