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Saavn gets strategic investment from Maverick’s Guy Oseary

US-based Indian music streaming firm Saavn (South Asian Audio Video Network) has secured an undisclosed amount of strategic investment from Guy Oseary, CEO of talent management agency Maverick Records. Oseary comes in as partner and investor. He will help develop unique artist collaborations for Saa...

16 June, 2016 | More »


Queue management app Sminq gets funding from Blume Ventures, Saama Capital

Queue management app Sminq, operated by Pune-based Sminq India Solutions Pvt Ltd, has secured $1 million (about Rs 6.7 crore) from Saama Capital, Blume Ventures and other investors. Angel investor Vaibhav Domkundwar also put money in this round, the company said in a statement. Suresh Shanmugham, co...

14 June, 2016 | More »


Uber slashes UberGO tariff in Delhi-NCR

San Francisco-based cab aggregator Uber has slashed the tariff of its low-cost offering UberGO in Delhi-NCR region, indulging in yet another act of tariff war with its home-grown rival Ola, in a move that will intensify competition further. The new tariff matches Ola’s fare under its low-cost off...

13 June, 2016 | More »


Viridian Capital backs e-book publisher Matrubharti

Digital publisher Matrubharti, run by Ahmedabad-based Matrubharti Technologies Pvt. Ltd, has raised Rs 20 lakh (around $30,000) in seed funding from Viridian Capital. The funding will be used to upgrade the technology and expand its team, according to a company statement. Matrubharti is a self-publi...

13 June, 2016 | More »


Govt may fix upper limit for Ola, Uber fares

Suggesting a stricter regulatory regime for app-based taxi aggregators like Ola and Uber, a high-level government-appointed panel today recommended capping of their fares. “Liberalise city taxi permit scheme. They (aggregators) should follow the rules relating to fares, fuel and safety as mand...

13 June, 2016 | More »


PayTunes raises $500K from CIO Angel Network, IAN and others

Mobile advertising platform PayTunes, operated by New Delhi-based Real Time Networks Pvt Ltd, has secured almost $500,000 (Rs 3.35 crore) in a pre-Series A funding round that was jointly led by existing investor CIO Angel Network and the Indian Angel Network (IAN). Apurva Parekh, executive director ...

10 June, 2016 | More »


Exclusive: U2opia Mobile rolls out accelerator programme for startups

Singapore-based mobile value-added services (VAS) firm U2opia Mobile Pte Ltd has rolled out a launchpad accelerator programme for startups in India. The company plans to invest over $3 million in the next three years in the programme christened Catapult. “Given that the investment sentiment in the...

10 June, 2016 | More »


Exclusive: Paytm’s payments bank VP Vikas Purohit quits

Vikas Purohit has quit mobile wallet and e-commerce firm Paytm’s upcoming payments bank barely seven months after joining as vice president, a person familiar with the development told Techcircle. Purohit’s last day at the company is this week, the person said, asking not to be named. The reason...

8 June, 2016 | More »


Exclusive: Uber seeks licence in Karnataka; authorities refuse to accept application

Cab-hailing firm Uber has applied for a licence to operate in Karnataka under the new rules governing app-based taxi aggregators, but the company hit a roadblock after the state transport authorities refused to accept the application. The San Francisco-based cab aggregator on Tuesday approached Karn...

8 June, 2016 | More »


Kae Capital, others invest in app for buying and selling second-hand goods ListUP

Mumbai-based Gijutsu Solutions Pvt. Ltd, which operates peer-to-peer (P2P) app for buying and selling second-hand goods ListUP, has raised $500,000 (Rs 3.3 crore) in funding led by Kae Capital, it said in a statement. Kunal Shah (chairman, FreeCharge) and Sandeep Tandon (Tandon Group) also particip...

8 June, 2016 | More »