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Xiaomi raises over $1B from All-Stars Investment, DST Global, others

Sunday, December 21, 2014 | More »

Chinese smartphone manufacturer Xiaomi, which also has a good presence in India, has netted over $1 billion in funding led by All-Stars Investment, an investment firm launched by former Morgan Stanley analyst Richard Ji, says a The Wall Street Journal report quoting an unnamed source. Russian inves...


News Corp. acquires personal finance planning portal BigDecisions.com

New York-headquartered global media giant News Corp. has acquired Mumbai-based FinDirect Services Pvt Ltd, the company behind BigDecisions.com, a personal financial planning portal. The transaction details are not disclosed. Following the acquisition, co-founders Manish Shah and Gaurav Roy will help...

20 December, 2014 |More »


Flipkart raises $700M from Steadview, Qatar Investment Authority & existing investors

India’s largest e-commerce player Flipkart has raised $700 million in funding from a host of investors, including UK-based investment management firm Baillie Gifford, US-based VC fund Greenoaks Capital, Steadview Capital, T Rowe Price Associates,​ and Qatar Investment Authority. The round also...

20 December, 2014 |More »


SaaS-based multi-channel order fulfilment platform Primaseller gets funding from Mumbai Angels

Primaseller, a SaaS-based order fulfilment platform owned & operated by Bangalore-based Omnichanneler Technologies Pvt Ltd, has secured an undisclosed sum in funding from Mumbai Angels. The round was led by Dr Aniruddha Malpani, with participation from Kishore Ganji and others. The capital will ...

19 December, 2014 |More »


Excl: BitChemy Ventures backs Hyderabad-based healthcare analytics startup eKincare

Hyderabad-based Aayuv Technologies Pvt Ltd, the company behind eKincare, an online platform that enables users to monitor their critical medical information and view it anywhere anytime, has secured an undisclosed amount in funding from city-based tech incubator-cum-seed fund BitChemy Ventures. eK...

19 December, 2014 |More »


Khosla Ventures floating new $400M seed fund

Khosla Ventures, a 10-year-old venture capital fund launched by Sun Microsystems’ co-founder Vinod Khosla, is raising $400 million afresh to make seed investments, the company said in a filing with the US SEC. More details about the fund are unavailable. Founded in 2004, Khosla Ventures provides...

18 December, 2014 |More »


Hyderabad-based tech incubator-cum-seed fund BitChemy Ventures to invest $300K each in six startups in 2015

The venture capital arm of Hyderabad-based BitChemy Ventures Pvt Ltd, a tech incubator-cum-seed fund, is planning to invest $300,000 (about Rs 2 crore) in at least half a dozen startups in 2015, according to a top executive of the company. The fund has already invested $6 million in three incubatee ...

18 December, 2014 |More »


Excl: Jabong India head Praveen Sinha backs on-demand home services startup Zimmber

Mumbai-based Rejuvenate Solutions Pvt Ltd, the company behind Zimmber, an on-demand home services platform, has received an undisclosed amount in funding from Praveen Sinha, India head of lifestyle e-tailer Jabong, and an unnamed senior executive of home appliances major Godrej Group, according to ...

18 December, 2014 |More »


Solar-as-a-service firm Simpa Networks raises $4M from US development finance institution OPIC, others

US-based Simpa Networks Inc, which operates as Simpa Energy India Pvt Ltd in the country, has raised $4 million debt funding to scale up the clean electricity solutions in rural India, as per a release. The funding has been raised by Overseas Private Investment Corporation (OPIC), the US Government...

18 December, 2014 |More »


Rocket Internet-backed Foodpanda acquires European rivals Donesi, Pauza and NetPincer

Foodpanda.com, a Rocket Internet-backed global, multi-location online food ordering marketplace (which operates under Hellofood brand in some markets) with operations in 41 countries including India, has acquired three rivals in Central Eastern Europe—Donesi.com (which has operations in Serbia, Mo...

17 December, 2014 |More »

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