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Exclusive: Maple Capital backs bike taxi app N.O.W

Bike taxi app N.O.W has raised an undisclosed amount in seed funding from boutique investment banking firm Maple Capital Advisors’ recently launched startup accelerator platform. The Noida-based company will use the money raised to expand operations across multiple cities and strengthen its techno...

28 January, 2016 | More »


Just Dial net profit falls 16% in Q3, elevates RV Raman as CTO

Just Dial Ltd, the online local business search engine firm that is morphing into an e-commerce marketplace, has recorded a 16 per cent dip in net profit for the third quarter ended December 31, 2015 on account of slowing revenue growth and higher expenses. The Mumbai-based company’s net profit’...

28 January, 2016 | More »


Buildzar raises $4M in pre-Series A from Puneet Dalmia

Glow Homes Technologies Pvt Ltd, which runs Buildzar.com, an online marketplace for construction materials, has raised $4 million (around Rs 27.2 crore) from Dalmia Bharat Group’s managing director Puneet Dalmia in a pre-Series A round of funding. Dalmia has made the investment in his personal...

27 January, 2016 | More »


Matchmaking app Woo hires former McKinsey, Aircel executives

DoubleYou Technologies Pvt Ltd, the company behind matchmaking app Woo, has appointed former McKinsey executive Sanem Erucar and ex-Aircel executive Ritesh Bhatnagar to head the company’s product and growth marketing divisions, respectively. The duo will work on devising new strategic initiatives ...

27 January, 2016 | More »

Vijay Shekhar Sharma, founder of Paytm

Paytm inks pact with Alibaba to enter US, China markets

One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has inked a commercial agreement with NYSE-listed Alibaba Group Holding Ltd, its major investor, to expand its network to international markets such as the US and China, the Mint reported. The deal, in turn, will help...

27 January, 2016 | More »


How ixigo aims to break the travel-tech monetisation nut

As one of the most prominent travel-tech startups to launch after the front-line online travel agencies, Le Travenues Technology Pvt Ltd, which runs online travel search engine ixigo.com, has fast scaled up its user base. The firm, which has had a mixed bag in terms of generating revenues, improved ...

27 January, 2016 | More »


Vishal Maheshwari to head Vuclip’s India operations

Vuclip Inc, which offers video-on-demand services in emerging markets, has appointed Vishal Maheshwari as country manager, India. Prior to this Maheshwari was Yahoo India director. Maheshwari joins the company at a time when Vuclip is all set to launch a new over-the-top (OTT) video streaming servic...

27 January, 2016 | More »


Zomato’s learning from 2015: Don’t scale too fast, always focus on revenue

Zomato’s quick expansion last year meant that the food tech venture had more rivals to worry about, resulting in a diminished focus on operational revenue. “We scaled massively in 2015…We were rapidly launching operations in new geographies and setting up new businesses. Suddenly, having that ...

26 January, 2016 | More »


Mahindra Comviva buys majority stake in ATS to up Latin America play

Mobility solutions firm Mahindra Comviva has acquired a controlling stake in Advanced Technology Solutions (ATS), an Argentina-based mobile VAS company, for an undisclosed amount. This acquisition adds customers such as AT&T, Claro, Entel, Nextel, Oi, Telefonica, TIM and Viivo, besides others to...

23 January, 2016 | More »


Apple India country manager Maneesh Dhir quits

Apple Inc.’s India country manager Maneesh Dhir has resigned, the second top-level exit from the iPhone maker in the country in two weeks, The Economic Times reported. The report said that Dhir confirmed his exit but didn’t specify any reason for putting in his papers. Neither Dhir nor Apple...

22 January, 2016 | More »