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Exclusive: B2B marketplace for leather products ShoeKonnect gets funding from IAN

Agra-based business-to-business (B2B) marketplace for leather products ShoeKonnect has raised an undisclosed amount in an angel round of funding from Indian Angels Network (IAN), a top company executive told Techcircle.in. The firm plans to use the capital for technology enhancement, marketing, bran...

12 September, 2016 | More »

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Anand Chandrasekaran, Ananth Narayanan invest in ed-tech firm Makkajai

Pune-based ed-tech firm Makkajai Edu Tech Pvt. Ltd has secured $250,000 in seed funding from a clutch of investors, including Ananth Narayanan, CEO of Myntra and Anand Chandrasekaran, former chief product officer at Snapdeal, it said in a statement. Other investors who participated in the round incl...

9 September, 2016 | More »

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What is all the noise about Reliance Jio?

Reliance Industries Ltd (RIL)’s latest offering Jio has created a stir in the market given its promise of free voice calls and superfast 4G speed at the lowest tariffs in the industry. While a lot has been said about the service and the plans it offers, there is still a lot of confusion about its ...

9 September, 2016 | More »

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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

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 »

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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 »

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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 »

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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 »

Zilingo

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 »

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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 »