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TaxSutra

Exclusive: Tax information portal TaxSutra raises third funding round

Pune-based Taxsutra Services Pvt Ltd, which runs tax information portal TaxSutra, has raised Rs 2.5 crore in its third round of funding from existing investors V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys. Former tax head at IT firm Wipro Ltd P V Srinivasan also part...

2 January, 2017 | More »

Inder Sharma

Inder Sharma: This serial entrepreneur builds businesses to sell

When Inder Sharma bought the domain Hotel.com during the Internet boom in 1996, he was very confident that this would become a big business one day. But, rather than running the site, which offered discounted hotel room reservations, he sold it to Expedia for $7 million in 2002. The reason behind se...

2 January, 2017 | More »

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Facebook selects three more Indian startups for FbStart programme

Facebook has picked three more Indian startups namely rental platform SimplyMoveIn, skill-based networking app Skillmate, and social platform for investors and traders Talkoot – for its early-stage startup mentorship programme, FbStart. The startups will receive credits up to $40,000 and free tool...

2 January, 2017 | More »

Closed

Ed-tech startup Kleverkid winds up operations

Online marketplace for tutors Kleverkid, which is backed by Aarin Capital, has halted operations, co-founder Shabnam Aggarwal wrote in her personal blog. “All we had to go on was what the pundits told us: You’re not making enough money fast enough. It was a good question. When I tried to answer ...

30 December, 2016 | More »

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Flashback 2016: Challenging year for India’s unicorns

The internet and tech unicorns that sprung up in the recent years have inspired the entrepreneurial spirit among the country’s youth. They attracted billions of dollars of foreign capital and triggered the rise of hordes of startups. The good run in terms of expanding customer base, successive rou...

30 December, 2016 | More »

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Flashback 2016: Flipkart braves markdowns, Amazon threat

A steep markdown in valuation, series of top-level exits, heightened competition and prolonged funding drought—India’s biggest e-commerce company Flipkart has had a tumultuous year, to put it mildly. In fact, this was the first year since 2011 when investors didn’t infuse any capital into ...

30 December, 2016 | More »

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Online lending segment gains traction as over 25 startups emerge in two years

The last two years have seen the emergence of more than 25 startups in the online lending space, and the majority of them also getting funded, according to a TechCircle analysis. In fact, together with payments tech (primarily wallets), which hogged all the limelight recently thanks to the Centre...

30 December, 2016 | More »

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Flashback 2016: Top M&A deals in consumer internet space

Merger and acquisition activity in India’s consumer internet space gathered pace in 2016, driven mainly by consolidation. Although the sector saw total deal value fall to $1.645 billion from $2.038 billion in 2015, the number of deals rose to 212 from 179 in 2015, according to data compiled by...

30 December, 2016 | More »

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Myntra’s sales growth slows to 38% in FY16, losses widen

Flipkart-owned fashion e-tailer Myntra posted a revenue of Rs 1,069 crore for FY16, registering 38% year-on-year growth. Losses widened by nearly 10% from Rs 741 crore to Rs 816 crore, according to a report in the Mint newspaper citing regulatory filings. The sales growth of 38% was a sharp fall fro...

30 December, 2016 | More »

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Flashback 2016: Amazon in pole position as revenue surges, capital flows in

When Amazon looks back at its journey in India, 2016 might stand out as the year when it turned the tables on arch-rival Flipkart. From narrowing the gap with India’s e-commerce numero uno to making and committing mammoth investments, it seems the Jeff Bezos-led company is now setting the stag...

29 December, 2016 | More »