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Hyperlocal food & grocery e-com startup PepperTap raises $10M led by SAIF

Gurgaon-based Nuvo Logistics Pvt Ltd, which runs a hyperlocal grocery and food e-tailing startup under PepperTap, has secured $10 million (Rs 62 crore) in Series A funding from SAIF Partners and existing investor Sequoia Capital, it said on Wednesday. The funding will be used for hiring and to expan...

15 April, 2015 |More »


Exclusive: Mobile gaming firm Nazara Technologies hits the road to raise $50M

Nazara Technologies, a Mumbai-based mobile gaming company, is expected to raise $50 million within a few months through the private equity route. According to information available with VCCircle, Nazara is expected to be wooed by a clutch of private equity investors given its strength as a profitabl...

14 April, 2015 |More »


Local services marketplace LocalOye raises $5M from Tiger Global, Lightspeed

Mumbai-based Imma Web Pvt Ltd, the company behind mobile-only marketplace for local household and personal service providers LocalOye.com, has raised $5 million (Rs 31 crore) in Series A round of funding from Tiger Global Management and Lightspeed Venture Partners, according to a press release. The ...

14 April, 2015 |More »


Matrimony.com unveils dating app Matchify

Matrimony.com Ltd (Formerly Consim Info Pvt Ltd), which owns a string of matrimonial-related consumer Internet properties, including BharatMatrimony.com, has launched a dating app Matchify.in under a separate wholly owned arm Matchify Services Private Limited, it said. Most of the features are simil...

10 April, 2015 |More »


Unitus invests in mobile-based cardiac services startup iMMi Life

India-focused early-stage investor Unitus Seed Fund has invested in iMMi Life, a mobile-based cardiac services venture located in Chennai, under the StartHealth Investment Program, the firm said on Friday. iMMi Life offers doctors access to on-demand opinions of multiple cardiologists for ECGs, ther...

10 April, 2015 |More »


Uber follows Ola to add autorickshaws to its cab hailing app in India, allows cash payments

Uber Technologies Inc., which runs a global cab hailing app, has followed local competitor Ola to go beyond its core cabs business to add autorickshaw service christened uberAUTO in India and has also allowed cash payments for the first time. Currently, uberAUTO is only available in Delhi. Users hav...

9 April, 2015 |More »


Snapdeal acquires FreeCharge to build a larger play on mobile commerce

E-commerce marketplace Snapdeal has acquired mobile recharge platform FreeCharge in what is being billed as the biggest acquisition in the internet business in India, surpassing the previous big buy of Myntra by Flipkart last year. Flipkart had not declared the deal value but separate media reports ...

8 April, 2015 |More »


Online recharge & mobile wallet MobiKwik raises $25M from Tree Line, others

Gurgaon-based One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik, has raised $25 million (over Rs 150 crore) in a Series B round of funding led by Tree Line Asia, it said on Wednesday. Cisco Investments, American Express and existing investor Sequoia...

8 April, 2015 |More »


Travel entertainment startup PressPlay raises $2.2M from Sequoia, others

New Delhi-based Press Play Pvt Ltd, a travel entertainment startup launched by former Zomato executives and operates under the PressPlay  brand, has raised $2.2 million (over 13 crore) in seed funding from Sequoia Capital and a few angel investors, it said on Tuesday. The funds will be used to im...

7 April, 2015 |More »


Airtel launches open marketing platform with free access to partner apps; what about net neutrality?

India’s largest cellular services provider Bharti Airtel has unveiled what it calls ‘Airtel Zero’ – an open marketing platform that will allow customers on its network to access some mobile applications without incurring any data usage charges. Airtel Zero, which effectively violates net...

6 April, 2015 |More »