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Twitter to lay off upto 336 staffers globally

Tuesday, October 13, 2015 | More »

Micro-blogging site Twitter Inc, which has been struggling with user growth for several quarters now, plans to lay off 336 employees as part of a restructuring exercise. “…we have made an extremely tough decision, we plan to part ways with upto 336 people from across the company. Twitter wil...


Temasek to buy part of Info Edge’s stake in PolicyBazaar

Singapore government owned investment firm Temasek Holdings will acquire a part of Info Edge (India) Ltd’s equity holding in online insurance policy aggregator PolicyBazaar, which is owned by Gurgaon-based eTechAces Marketing and Consulting Pvt Ltd, according to a stock market disclosure. Info...

13 October, 2015 | More »

Cox & Kings buys hotel booking website LateRooms for $13M

Mumbai-based tour and travel firm Cox & Kings Ltd said on Tuesday it has acquired UK-based hotel booking website LateRooms.com for £8.5 million (around Rs 85 crore, or $13 million). LateRooms, owned by German travel major TUI Group, offers a full range of accommodation options with over 54,800 ...

13 October, 2015 | More »


IFC to invest $25M in BigBasket

International Finance Corporation, the private-sector lending arm of the World Bank, will invest around $25 million (Rs 163 crore) to pick up an undisclosed minority stake in online grocer BigBasket. This is IFC’s first known bet on India’s bustling e-commerce sector. IFC said on Tuesday...

13 October, 2015 | More »


Tripoto gets funding from 500 Startups, IDG, others

Tripoto Travel Pvt Ltd, which owns and operates travel itinerary portal Tripoto.com, has raised an undisclosed amount in funding from investors led by 500 Startups, IDG Ventures and advantEdge Partners. Neeraj Arora, vice president at WhatsApp, and Stanhope Capital LLP chairman Leon Seynave also pu...

12 October, 2015 | More »


Faircent raises funding from Aarin

Peer-to-peer lending marketplace Faircent, run by Fairassets Technologies India Pvt Ltd, has received an undisclosed amount of investment from Aarin Capital Partners. As a part of the deal, TV Mohandas Pai, designated partner at Aarin Capital, will join the advisory board of the company. Aarin Capit...

12 October, 2015 | More »


Accel seed funds industrial goods marketplace Bizongo

Bizongo, a B2B marketplace for industrial goods, has raised an undisclosed amount in seed funding from Accel Partners. The Mumbai-based startup will use the money to build a unified platform for businesses in the plastics, chemicals and packaging industries to buy & sell products/ raw materials...

12 October, 2015 | More »


Exclusive: Greencart in talks with Jain Irrigation to sell business

Mumbai-based Greencart Ventures Pvt Ltd, which runs an e-commerce venture for fresh produce and gourmet food under Greencart.in, is in talks with a number of peer group startups for potential merger while also negotiating with a larger firm for a potential sell-out, three sources familiar with the ...

9 October, 2015 | More »


Exclusive: Online network for ad execs Kulzy raises over $1M

Kulzy Media Pvt Ltd, a venture floated by one of the promoters of digital media firm Banyan Netfaqs Pvt Ltd, has raised a little over $1 million for its one-year-old venture Kulzy.com, a networking website for the advertising and marketing community, Sandeep Vij, co-founder and director, Kulzy Medi...

9 October, 2015 | More »


Mini truck booking platform Quifers raises $300K from IAN, Smile

Mumbai-based Vonken Technologies Pvt Ltd, which runs logistics tech venture Quifers, has raised $300,000 (Rs 2 crore) from Indian Angel Network (IAN) and consumer internet and media platform Smile Group. Vikas Agarwal, Vishal Khare and Sanjeev Kakkar have led the round from IAN. Agarwal will join Qu...

8 October, 2015 | More »

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