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Exclusive: Bike rental startup ONN Bikes gets seed funding

Monday, December 5, 2016 | More »

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Mumbai-based bike rental startup ONN Bikes has secured an undisclosed amount of seed funding from Grace Capital Ventures and four other individual investors. The startup, operated by Motorcruizer Technologies India Pvt. Ltd., will use the funds to set up hub stations in Bengaluru and Hyderabad, Nami...

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Paytm to merge wallet business with payments bank

One97 Communications Ltd, the owner of digital wallet Paytm, said on Monday it will merge its wallet business with its upcoming payments bank to comply with Reserve Bank of India’s directions. The digital wallet will be transferred after the company gets necessary regulatory approval to start Payt...

5 December, 2016 | More »

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WhatsApp to withdraw support from millions of devices by year-end

Facebook-owned WhatsApp recently announced in a blogpost that the messaging platform would no longer be functional on older devices and operating systems as early as the end of this year. The announcement comes after WhatsApp earlier this year said that it would pull out of providing support for old...

5 December, 2016 | More »

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Exclusive: Food-tech startup Mr. Hot Foods gets seed funding

Food delivery startup Mr. Hot Foods Pvt. Ltd has raised an undisclosed amount of seed funding from angel investor Pawan Raj Kumar through the IvyCamp platform, a top company executive told Techcircle. Co-founder Pankaj Sharma said that Kumar’s addition as a mentor has helped the startup understand...

5 December, 2016 | More »

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Softbank-backed Grofers tweaks biz model to take on BigBasket

For on-demand online grocery delivery service provider Grofers, 2016 has been a year of change. The Gurgaon-headquartered startup not only scrapped its app-only model and launched a website; it has also quietly revamped its business strategy and operation processes. Grofers, which earlier operated o...

5 December, 2016 | More »

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Logistics app TYGR raises $3 mn pre-Series A funding from Franchise India

Kolkata-based Savetur Digital Pvt Ltd, which runs logistics app TYGR, has secured a pre-Series A round of funding worth $3 million (around Rs 20.4 crore) from Franchise India, it said in a statement. The app was launched by Dipanjan Purkayastha, an alumnus of SP Jain School Management and Aditya Pod...

2 December, 2016 | More »

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Facebook selects fashion startup CoutLoot for FbStart programme

Mumbai-based used-apparel reselling platform CoutLoot has been selected by US-based social media behemoth Facebook Inc. as part of their FbStart programme. CoutLoot will be part of Facebook’s developer-focused programme, which is designed to help early-stage mobile-focused startups on building and...

1 December, 2016 | More »

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Lock screen app SlideApp raises $3.6 mn in Series A round

SlideApp, a lock screen app that awards Android users for reading content, has raised $3.6 million (nearly Rs 24.6 crore) in its Series A round of investment led by Songhyun Investment, a South Korean VC firm. The corpus raised will be used by the firm to scale its user base, develop products and st...

1 December, 2016 | More »

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Businesses have to be faster in adopting mobile strategies: Facebook’s Umang Bedi

The world’s largest social networking site Facebook, which has over 166 million active monthly users in India alone, has over 95% of its users logging in via mobile phones. At an event in New Delhi on Wednesday, Facebook hosted “Mobile Moves Business”- an industry event designed to bring toget...

30 November, 2016 | More »

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Social networking app Pulse raises $500K from SAIF Partners

Pulse, a social networking app that enables users to stay connected with their college or school communities, has raised $500,000 (around Rs 3.4 crore) in funding from venture and growth capital fund SAIF Partners. Pulse, owned by Instalively Livestreaming Pvt. Ltd, provides users a full-screen visu...

30 November, 2016 | More »

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