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Sellers up in arms against Flipkart’s alleged high-handedness

Saturday, June 25, 2016 | More »

The simmering discontent among its vendors seems to be compounding woes for Flipkart, which has, of late, been in the news for all the wrong reasons. Upset with the e-commerce company over the way it has unilaterally altered its commission system and is allegedly penalizing sellers for the return of...


Wipro invests in Israeli VC firm; Govin Capital, Seed Infotech team up to launch startup accelerator

Israel-based venture capital firm TLV Partners has secured an undisclosed amount of funding from software services firm Wipro. With a corpus of about $115 million, TLV Partners will offer Wipro access to early-stage firms in cyber security, enterprise software and the Internet of Things, The Economi...

25 June, 2016 | More »


Exclusive: Nexus Venture backs self-publishing platform Pratilipi

Bangalore-based self-publishing platform Pratilipi has secured about Rs 6.3 crore ($925,000) in seed funding from Nexus Venture Partners and other investors, a person privy to the development told Techcircle. The round also saw participation from Contrarian Opportunities Fund I and Times Internet Lt...

24 June, 2016 | More »


Twilio’s shares surge 92% in market debut; Uber continues fight over operator’s licence

San Francisco-based cloud communications firm Twilio’s shares soared 92% on the first day of trading on the New York Stock Exchange, giving hope to technology companies as their valuations have taken a beating in recent months while in India, cab-hailing firm Uber continues its fight with the Karn...

24 June, 2016 | More »


Exclusive: Skill development firm Rise India buys majority stake in Padhopadhao.com

Gurgaon-based Rise India, an education and skill development firm, has acquired a 60% stake in tutor aggregator Padhopadhao.com as it aims to establish its presence in the online tuition market, according to a person privy to the development. The companies confirmed the transaction but declined to g...

23 June, 2016 | More »


Fashionara co-founder Arun Sirdeshmukh to head Amazon India’s fashion vertical

Amazon India has appointed Arun Sirdeskhmukh, a co-founder of Fashionara.com, as head of its fashion department after the startup lifestyle portal shut operations recently. The Economic Times reported the appointment citing Susan Saideman, vice president for global vendor management at Amazon.com. A...

23 June, 2016 | More »


SEBI to do away with startup listing platform; InMobi to pay $950,000 fine for privacy violations

The Securities and Exchange Board of India (Sebi) is scrapping its proposed listing platform targeted exclusively at startups while mobile advertising platform InMobi has been ordered to pay a fine of $950,000 and implement a privacy programme to settle charges made against it by the US’s Federal ...

23 June, 2016 | More »


Analytics startup IQLECT names former Dell India MD Sameer Garde as head of strategy

In yet another instance of industry veterans joining startups, former Dell India president and MD Sameer Garde has joined as head of global alliance, strategy and partnership at analytics startup IQLECT founded by former Jabong CTO Sachin Sinha. IQLECT has built a software-converged platform that en...

22 June, 2016 | More »


Five startups led by married co-founders

Finding the right co-founder is one of the toughest jobs while starting a new venture. Finding a life partner is no less difficult. Some entrepreneurs have been enterprising enough to club the two. However, couples founding startups isn’t as counter-intuitive. Those who have tied the double kn...

22 June, 2016 | More »


Payment gateway CCAvenue to raise $8.9 mn from Infibeam

E-commerce firm Infibeam Incorporation Ltd has decided to invest Rs 60 crore (around $8.9 million) in Avenues India Pvt Ltd that operates payment gateway CCAvenue. Infibeam’s wholly owned subsidiary NSI Infinium Global Pvt. Ltd has signed a definitive agreement with Avenues India for the investmen...

22 June, 2016 | More »

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