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servify1

Servify raises pre-Series A funding from Blume Ventures, two German firms

Tech startup Servify, which offers brand-authorised after sales support services for electronic gadgets, has raised an undisclosed amount of money in pre-Series A funding from Blume Ventures and two German firms. The two German firms are Barkawi Holdings GmbH and TM Service Technology Holdings GmbH....

5 April, 2016 | More »

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Orahi buys teen’s four-month-old carpooling venture Odd-Even.com

Gurgaon-based carpooling app Orahi has acquired Odd-Even.com, a ride-sharing website started by 13-year-old Akshat Mittal, for an undisclosed amount in cash. Orahi, owned and operated by Phonon Solutions Pvt Ltd, has inducted Mittal on the company’s advisory board as a technical and domain expert....

5 April, 2016 | More »

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Dating app Dil Mil raises $2.7M in pre-Series A funding round

Dil Mil, a matchmaking app for South Asian expatriates, has raised $2.7 million (around Rs 18 crore) in pre-Series A funding from Nelstone Ventures, Transmedia Capital, Maiden Lane Ventures, CSC Upshot and a bunch of angel investors. Naval Ravikant, founder of Angel List; Kunal Shah, founder and CEO...

1 April, 2016 | More »

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Flipkart acquires PhonePe to strengthen payments business

E-commerce giant Flipkart has acquired Bangalore-based mobile payments company PhonePe, its third acquisition in the payments solution space. PhonePe Internet Pvt Ltd, founded by former Flipkart employees Sameer Nigam and Rahul Chari last year, is building a payments solution based on the Unified Pa...

1 April, 2016 | More »

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Exclusive: Robin Uthappa-backed food-tech startup iTiffin halts operations

Bangalore-based online meal service provider iTiffin.in has stopped taking orders and advised employees to look for jobs, in yet another reminder of distress in the food-tech sector despite new ventures continuing to raise funds. Three people familiar with the development told Techcircle.in that iTi...

31 March, 2016 | More »

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Can Viacom18′s Voot change the game in the OTT space?

Viacom18, a joint venture between Mukesh Ambani owned Network18 Media & Investments Ltd and Viacom Inc, has finally launched its digital video platform, Voot. It will be competing against other broadcaster owned video platforms such as Zee Entertainment Enterprises Ltd owned DittoTV and Ozzy, be...

30 March, 2016 | More »

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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 »

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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 »

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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 »