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SoftBank Ventures Korea backs Gurgaon-based True Balance

SoftBank Ventures Korea, part of Japanese internet conglomerate SoftBank Corp, has made an undisclosed amount of investment in a Series A round of funding in Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance. The startup will use the funds for product e...

29 March, 2016 | More »


Child healthcare startup Babygogo gets $300K seed funding

AddoDoc Technologies Pvt Ltd, which runs the Babygogo mobile app that connects parents with child healthcare experts, said on Tuesday it has raised Rs 2 crore ($300,000) in a seed funding round led by angel investor Rajul Garg. A number of healthcare executives took part in the round. These include ...

29 March, 2016 | More »


Paytm appoints Alibaba executive as president

One97 Communications Ltd, which runs mobile wallet and e-commerce platform Paytm, has appointed former Alibaba Group Holding executive Bhushan Patil as its president. Patil, who headed Alibaba Group’s wholesale business, will be responsible for building Paytm’s cross-border commerce business, th...

28 March, 2016 | More »

Sachin Bansal and Kunal Bahl

Bansal vs Bahl: What the slugfest says about India’s e-commerce industry

It isn’t about business anymore. It’s getting personal. Founders of two of India’s largest e-commerce companies, Flipkart’s Sachin Bansal and Snapdeal’s Kunal Bahl, got down to washing their dirty linen in public and the platform chosen was microblogging site Twitter. On Friday, reacting t...

26 March, 2016 | More »


Wings Travels acquires cab booking service Bookmycab

Pune-based Wings Travels wingstravels.in Management Pvt Ltd, which provides staff transportation services, has acquired taxi services company Bookmycab for an undisclosed amount. The acquisition will help Wings Travels expand into the radio taxi segment and strengthen its technological capabilit...

23 March, 2016 | More »


After Uber, Jugnoo warns Ola of legal action

Auto-rickshaw aggregator Jugnoo on Wednesday threatened to take legal action against Ola and accused the cab-hailing firm of trying to hurt its business, a day after Uber Technologies Inc dragged its main Indian competitor to court after making similar allegations. “We have evidence to support ou...

23 March, 2016 | More »


Balaji Telefilms’ ALT, a desi Netfilx in the making?

Balaji Telefilms, the homegrown TV content and film producer company, is set to enter the OTT space with a differentiated offering. Unlike rivals such as Hooq, Spuul and Ditto TV, Balaji’s digital platform ALT will primarily air original content. To be launched this summer, ALT draws its inspi...

23 March, 2016 | More »


Ola acquires mobile payments startup Qarth

Cab aggregator Ola has acquired Chennai based Qarth Technologies Pvt Ltd, an IIT-Madras incubated mobile payments startup. As part of the acquisition, the Qarth team led by founders Abhinav Srivastava and Prerit Srivastava would join the Ola Money team. “With the acquisition of Qarth, we are also ...

22 March, 2016 | More »


The curious case of Flipkart’s valuation

Orson Welles’ Citizen Kane is a Hollywood classic. It starts with the mystery surrounding the dying word–Rosebud–of the newspaper baron Charles Foster Kane, played by Welles himself, and then moves back and forth through the protagonist’s life. What does a 75-year-old movie...

22 March, 2016 | More »


Ed-tech startup Byju’s raises $75M from Sequoia, Sofina

Educational-technology startup Byju’s said on Tuesday it has raised $75 million (about Rs 500 crore) from Sequoia India and Belgian investment firm Sofina. The company will use the funds to expand its product pipeline, deliver content in a new format, enter new markets and increase its staff str...

22 March, 2016 | More »