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Internet

Exclusive: Social commerce enabler Meesho bags angel funding

Thursday, May 5, 2016 | More »

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Social commerce platform Meesho has raised an undisclosed amount of angel funding from investor Rajul Garg, besides other investors, two people familiar with the development told Techcircle.in. The two people did not want to be named. They also declined to name the other investors. A business-to-bus...

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Alleged IRCTC hacking could turn out to be India’s biggest data heist

Social media was abuzz on Thursday over reports that the Indian Railway Catering and Tourism Corporation (IRCTC) website had been hacked and apprehensions that personal data of around 10 miIlion customers could have been stolen from the server of India’s biggest e-commerce player, which sees more ...

5 May, 2016 | More »

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Snapdeal acquires e-com data analytics startup Targeting Mantra

E-commerce marketplace Snapdeal said on Thursday it has acquired Insightful Labs Inc., which operates data analytics provider Targeting Mantra, for an undisclosed amount as part of efforts to improve personalised shopping experience for customers. Snapdeal co-founder Rohit Bansal said in a statement...

5 May, 2016 | More »

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Unbxd raises Series B funding from IDG, Inventus and others

Bangalore-based Unbxd Inc, which runs a product recommendation platform for e-commerce companies, has raised an undisclosed amount of capital in Series B funding led by existing investors IDG Ventures, Inventus Capital and Indian Angel Network (IAN). Nirvana Venture Advisors also participated in the...

5 May, 2016 | More »

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ClassPass style Indian gym-as-you-go startup ClassVerse shuts shop

New Delhi-based Spry Infotech Pvt. Ltd—which has been running ClassVerse, a marketplace providing users access to fitness studios and classes—has shut down after operating for nearly 10 months, a senior company official told Techcircle.in. Rukaiya Kanchwala, founder of ClassVerse and former dire...

4 May, 2016 | More »

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How startup valuation in early-mid stage VC deals slipped this year

The deceleration in venture funding deals has not just affected the number of startups that are getting capital but also the valuation at which they are raising fresh capital. While valuations of startups are also a function of the stake they are diluting in each subsequent round of funding, the ave...

4 May, 2016 | More »

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Markdowns haunt Flipkart again as two more investors slash stake value

A growing number of Flipkart investors are realising that India’s top e-commerce firm is overvalued, though there is no unanimity by how much. American mutual funds Fidelity Rutland Square Trust II and Valic Co. have joined US asset management firm T. Rowe Price and Morgan Stanley in reducing the ...

4 May, 2016 | More »

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Exclusive: OTT platform ZengaTV scouts for strategic investor

Over-the-top (OTT) video streaming platform ZengaTV is actively scouting for a strategic investor as it looks to raise funds to acquire international content and strengthen its position in an increasingly crowded market. Shabhir Momin, co-founder of Zenga Media Pte. Ltd, under which ZengaTV is house...

4 May, 2016 | More »

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Lenskart raises $60 mn from IFC, Ratan Tata and others

Eyewear e-tailer Lenskart Solutions Pvt. Ltd said on Wednesday it has raised Rs 400 crore ($60 million) in its Series D round of investment from International Finance Corp, TPG Growth and other investors. Adveq Management, IDG Ventures, Tata Sons chairman emeritus Ratan Tata and Infosys co-founder K...

4 May, 2016 | More »

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Exclusive: Chinese entrepreneur Peter Zou floats India-focused VC fund

Peter Zou, founder of Chinese mobile ad network YeahMobi, has launched an India-focused venture capital fund, joining several other peers who are looking to latch on to the opportunities in the Indian startup space, a senior company executive told Techcircle.in. For full story click here...

3 May, 2016 | More »

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