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How SoftBank’s local portfolio firms have fared as chairman Son visits India

Friday, December 2, 2016 | More »

Not many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup ...


Online travel portals MakeMyTrip and ibibo to merge

In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to buy ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent, in a stock deal. Naspers and Tencent, which own 91% and...

18 October, 2016 | More »

Dhiraj Rajaram

Dhiraj Rajaram gains controlling stake in Mu Sigma; becomes CEO

The founder of data analytics firm Mu Sigma Inc., Dhiraj Rajaram, is back as the CEO of the company after his former wife Ambiga Subramanian stepped down from the post. Rajaram took over as the CEO last Friday. Subramanian sold her entire stake to Rajaram, resulting in him having a controlling stake...

4 October, 2016 | More »


Will Google’s ride sharing services hurt Uber & help Ola?

That everything is fair in love and war holds true for technology sector. Google, the US-based search giant, is entering ride-sharing services, said a report by WSJ. Incidentally, Google happens to be a stakeholder in Uber, the world’s largest cab hailing company, and its new project will clearly ...

2 September, 2016 | More »


Grocery app MovinCart shuts down

Hyperlocal grocery delivery app MovinCart has closed down its operations, with two of its three founders setting up a logistics-tech startup, a person close to the development, who did not want to be identified, told Techcircle.in. According to the person, the hyperlocal delivery space had become to...

6 May, 2016 | More »


Deconstructing Startup India: What Narendra Modi didn’t say

The biggest takeaway from the government’s shindig with entrepreneurs last weekend is that it is trying to make life a bit easier for startups in the country, though the conservative way it defines a startup tends to take away some of its sheen. Indeed, a closer look at the fine print reveals ...

18 January, 2016 | More »


Foodpanda India to sack about 330 employees

Foodpanda India is laying off one in seven staffers, continuing its clean-up drive after allegations of operational irregularities rattled the Rocket Internet-owned food ordering marketplace. The company said on Tuesday it will sack 15 per cent of its employees, or 330 people, as increased automatio...

29 December, 2015 | More »


Pepperfry raises $100M from Goldman Sachs, Zodius & others

Mumbai-based Pepperfry.com, an e-commerce marketplace for furniture, home decor and appliances, has secured $100 million in funding from Goldman Sachs Group Inc and Zodius Technology Fund. The company’s existing investors Norwest Venture Partners and Bertelsmann India Investments have also pa...

27 July, 2015 | More »


“I’ll be back in 30 days,” says former Housing.com CEO Rahul Yadav

Rahul Yadav, who co-founded and headed Housing.com before being ousted as its CEO and employee by the company’s board on July 1, claims that he will make a ‘100x’ comeback within the next 30 days. On his Facebook page, Yadav posted: “I’ll be back…this time with 100x…...

16 July, 2015 | More »


Excl: Enterprise mobility solutions firm Nivaata in advanced talks to raise $4M from Mayfield, others

Bangalore-based enterprise mobility solutions company Nivaata Systems Pvt Ltd, which operates under the brand Verayu, a location intelligence platform for enterprises, is in advanced talks with a few investors, including US-based VC firm Mayfield Fund to raise up to $4 million in its Series A round...

10 October, 2014 | More »

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