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Money

Sale to Verizon: It ain’t a bad deal for Yahoo!

Monday, July 25, 2016 | More »

Handshaking1
Concluding a long-drawn bidding process that began in April this year, Verizon Communications Inc, one of the largest telecommunications companies in the US, on July 25 announced it was buying out Yahoo Inc. for $4.83 billion in an all-cash deal. Much has been said about the fall of Yahoo from the p...

Startup_01

Karnataka govt to mobilise Rs 2,000 crore to invest in startups by 2020

As part of a slew of initiatives to give a leg-up to the startup ecosystem in the state, the Karnataka government will mobilise up to Rs 2,000 crore ($333 million) by 2020 to invest across startups operating in sectors from technology to social impact. In order to provide near-term funding assistanc...

25 July, 2016 | More »

Pranay-Chulet

Quikr acquires Hiree to enter white collar jobs space

Online classifieds firm Quikr has forayed into the white collar jobs space by acquiring IDG Ventures-backed Abhiman Technologies Pvt. Ltd which runs portal for white collar jobs Hiree.com, it said in a statement. Hiree said its platform will be merged with QuikrJobs and the company will function out...

25 July, 2016 | More »

Parash_arora_fe

Workspace aggregator Qdesq raises angel funding for expansion

Branded workspace aggregator Qdesq Realtech Pvt Ltd has raised an undisclosed amount of funding from a clutch of investors, including Jai Drinks Pvt. Ltd director Anuraag Jaipuria, Jaipuria Beverage and Food Pvt. Ltd director Ruchirans Jaipuria and Kajaria Ceremics joint managing director Rishi Kaja...

25 July, 2016 | More »

Money111

Byju’s set to raise $50 mn for international expansion

Ed-tech company Think & Learn Pvt Ltd announced on July 24 that it is set to raise $50 million that will be used for inorganic growth through global acquisition and international expansion of its online test preparation platform Byju’s Learning App. While the company did not disclose the sourc...

25 July, 2016 | More »

Stradia_fe

Exclusive: Naspers floats Stradia through OLX to re-enter Indian online used car space

Less than two years after selling second-hand cars business Gaadi.com to Google Capital-backed CarDekho, South African internet and digital media firm Naspers has re-entered the used car business in the country. It has floated Stradia.in under its multi-country classifieds venture OLX. The move seem...

23 July, 2016 | More »

Dinesh-Malpani_fe

Online hypermarket Urdoorstep gets $300K in bridge funding

Bangalore-based online hypermarket operator Urdoorstep Eretail Pvt. Ltd has raised $300,000 (Rs 2 crore) in a bridge round of funding from CP Murali, former chief operating officer of US-based telecom software firm Aricent Inc. Urdoorstep will use the funds to augment the technology backbone of its ...

22 July, 2016 | More »

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Jabong parent ups fundraising round by $33 mn

Global Fashion Group (GFG), the parent of loss-making Indian fashion portal Jabong, has added €30 million ($33 million or Rs 222 crore) to its latest fundraise to take the total amount secured from its existing investors to €330 million ($364 million). Germany’s Rocket Internet SE invested €...

22 July, 2016 | More »

Manish Sinha, founder and CEO, Skrilo

Mobile marketing startup Skrilo gets $1.5 mn in seed funding

Gurgaon-based Skrilo India Pvt. Ltd, which operates a mobile marketing and rewards platform, has raised $1.5 million (Rs 10 crore) in seed funding from individual investors including Livspace co-founder Anuj Srivastava and AT Capital Group founder Arvind Tiku. The company will use the funds mainly f...

22 July, 2016 | More »

Yash Singh, co-founder and CEO of SimplyMoveIn

Exclusive: Online rental marketplace SimplyMoveIn gets angel funding from Swastika Company

Bangalore-based SimplyMoveIn Technologies Pvt. Ltd, which operates online marketplace for curated rental properties SimplyMoveIn, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd, a top company executive told TechCircle. The company will use...

22 July, 2016 | More »

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