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Ed-tech firm Byju’s gets $50 mn led by Mark Zuckerberg’s foundation

Ed-tech startup Byju’s has raised $50 million (Rs 332 crore) in a round co-led by Chan Zuckerberg Initiative (CZI), marking the first investment of the philanthropic foundation of Facebook founder Mark Zuckerberg and wife Priscilla Chan in Asia. Times Internet Ltd, part of media conglomerate Times...

8 September, 2016 | More »


Uber says China deal with Didi Chuxing to help boost India play

US cab-hailing firm Uber Technologies Inc has said the recent deal with Didi Chuxing, its Chinese competitor, will allow it to invest more in India, according to a report. Citing a 7 September letter written by Uber to its investors, Reuters reported the company as saying that India is now its large...

8 September, 2016 | More »

Vishal Kumar BM

Exclusive: Bike taxi startup Hey Bob halts operations on fund crunch

Hey Bob, Bengaluru’s first bike taxi firm, has suspended operations barely a year after launching its services due to a shortage of funds, a co-founder told TechCircle. “We had to stop because of lack of funds. It is not that we have shut down but we have stopped operations for some time now,”...

7 September, 2016 | More »


Vuclip names Nish Bhutani as global product head

Vuclip, which provides video-on-demand services for emerging markets, has appointed Nish Bhutani as its global product head. The appointment comes at a time when Vuclip is scaling up operations and expanding its global footprint in India, Southeast Asia, Middle East and Africa. Vuclip had launched i...

7 September, 2016 | More »


Exclusive: Social gifting platform CheersOye! raises angel funding

iPanache Pvt. Ltd, which runs social gifting platform CheersOye!, has raised angel funding from a group of affluent individuals, co-founder Rahul Shrivastava told Techcircle. Shrivastava said that the Mumbai-based company raised a little less than $500,000 (Rs 3.35 crore) and that it plans to use th...

6 September, 2016 | More »


Fashion marketplace Zilingo raises Series A funding from Venturra, Sequoia, others

Bangkok-based Zilingo Pte Ltd, which runs a shopping app for small sellers who do not have an online presence, has raised $8 million in Series A funding from Venturra Capital, Sequoia India and Susquehanna International Group, it said in a statement. Others who participated in the round include Wave...

6 September, 2016 | More »


Govt’s e-commerce panel to hold first meeting on 5 September

An e-commerce committee headed by NITI Aayog CEO Amitabh Kant will hold its first meeting on September 5, to deliberate on issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) will give a detailed presentation to the members on fast growing e-comme...

2 September, 2016 | More »


India competition regulator rejects allegations of predatory pricing against Ola

Competition Commission has dismissed allegations that ANI Technologies, which runs taxi and auto services under Ola brand, abused its dominant position in the national capital with predatory pricing ways. ANI Technologies operates services under brand names Ola and Taxi For Sure. It was alleged that...

2 September, 2016 | More »


Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 | More »

Tapan Barman

Personal mobile assistant app Mihup secures $6.7 mn from Accel Partners

Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs 45 crore ($6.7 million) from Accel Partners. The VC firm is picking up 20% stake in the startup. Besides Accel, Stayzilla’s chief technology officer and f...

31 August, 2016 | More »