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Exclusive: Morpheus Capital founder Nayar quits to join fintech startup NextGen

Thursday, February 11, 2016 | More »

Balu Nayar
Balu Nayar, who founded venture capital firm Morpheus Capital Advisors Pvt Ltd in 2009, has been bit by the entrepreneurial bug again. He has quit his position as MD of the firm to join fin-tech startup NextGen Telesolutions Pvt Ltd as co-founder. Founded in 2012, NextGen is promoted by serial entre...


Twitter monthly user base didn’t budge from 320M but Q4 revenue up 48%

Microblogging site Twitter Inc’s user base showed no sign of growth in the fourth quarter of 2015 with the total average monthly active users (MAUs) at the Q3 figure of 320 million, raising concerns about its ability to attract new users despite ushering in new features to make it more engaging. M...

11 February, 2016 | More »


Ola undercuts own TaxiForSure to take on uberGO

Cab-hailing app Ola has rolled out Ola Micro, its newest low-cost riding service, as it looks to strengthen its offerings to retain its edge over main rival Uber. The service will be initially available only to select customers in Mumbai, according to the startup’s website. Ola Micro replaces Ola ...

10 February, 2016 | More »


Exclusive: Ratan Tata may back mobile advertising platform InMobi

Tata Sons’ chairman emeritus Ratan Tata is likely to invest an undisclosed amount in the Bangalore- and San Francisco-based mobile advertising platform InMobi, a person privy to the development told Techcircle.in. The investment would add ad-tech space to his diverse startup portfolio. Once comple...

9 February, 2016 | More »

Tanmay Saksena

Zomato chief product officer Tanmay Saksena quits

Restaurant listings and services startup Zomato’s chief product officer Tanmay Saksena has quit in yet another senior-level exit at the company. Saksena was promoted as chief product officer last month and just completed a year at Zomato, the Mint reported, citing a company spokesperson. He was th...

9 February, 2016 | More »


App developer toolkit startup Hansel.io gets seed funding

Hansel Software Pvt Ltd, which operates a toolkit for mobile app developers called Hansel.io, has raised an undisclosed amount in a seed funding round led by early-stage venture capital firm Endiya Partners. GSF Accelerator founder Rajesh Sawhney, Flipkart chief people officer Mekin Maheshwari and ...

9 February, 2016 | More »


PepperTap shuts down operations in 6 cities, including 3 metros

On-demand grocery delivery startup PepperTap, run by Nuvo Logistics Pvt Ltd, is shutting down its operations in six cities — Mumbai, Kolkata, Chandigarh, Ahmedabad, Jaipur and Chennai. “Given the short to mid-term investment climate outlook, we have decided to focus on depth rather than brea...

9 February, 2016 | More »


Zomato becomes profitable in six markets including India

After a tremulous period towards the end of last year, restaurant listings and services startup Zomato Media Pvt Ltd has achieved operational break-even in six markets such as India, Middle East (UAE, Lebanon and Qatar) and Southeast Asia (Philippines and Indonesia). This makes Zomato the first Indi...

8 February, 2016 | More »


Laundry aggregator Urban Dhobi raises angel funds

Jaipur-based on-demand laundry startup Urban Dhobi Services Pvt Ltd has raised an undisclosed amount of funding from angel investors Vinod Bansal and Sanjeev Singhal. Bansal and Singhal are Delhi-based serial investors. Urban Dhobi will utilise the funds to expand its operations and team, it said. T...

8 February, 2016 | More »


Rocket Internet backed ride sharing app Tripda may shut down operations

Tripda Inc, a Rocket Internet-backed global, multi-location ride-sharing marketplace Tripda may shut down its operations. Techinasia, which reported the development quoting anonymous sources at Tripda, said the decision to shut down was attributed to the startup’s failure to secure follow-on round...

8 February, 2016 | More »

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