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Money

Exclusive: EnCashea in talks to buy smaller rival RaddiMan; raises funding from Kunal Shah, others

Tuesday, August 23, 2016 | More »

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Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors. The company is now in advanced talks to acquire its city-based rival RaddiMan, a p...

NearU

Marketing guru Goutam Challagalla invests in deal discovery app NearU

Mumbai-based deal discovery startup NearU has raised an undisclosed amount in funding from Goutam Challagalla, a professor of marketing at business school IMD, Switzerland, it said in a statement. “The NearU team is excited to have Goutam Challagalla as one of its investors as his expertise in mar...

23 August, 2016 | More »

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Cybersecurity startup TAC Security gets pre-Series A funding

TAC Security Solutions, which provides cybersecurity solutions to corporate clients, has secured an undisclosed amount of funding in a pre-Series A round from Vijay Kedia. Kedia is a stock market investor, managing director of Kedia Securities Pvt. Ltd and director of three-wheeler maker Atul Auto L...

23 August, 2016 | More »

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Turakhia brothers sell ad-tech firm Media.net to Chinese group for $900 mn

A group of Chinese investors has acquired contextual advertising company Media.net, founded by serial entrepreneur Divyank Turakhia in 2010, for $900 million in cash. Dubai- and New York-based Media.net provides products for both publishers and advertisers. It provides contextual ads offered by Yaho...

23 August, 2016 | More »

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Exclusive: Saha Fund, Exfinity, others to back online fitness discovery platform Fitternity

Online fitness discovery platform Fitternity has received commitment to raise fresh investment from existing investors women-focused Saha Fund, Exfinity Venture Partners and couple of other angel investors based out of India and Silicon Valley, according to a person privy to the development. “It h...

22 August, 2016 | More »

Ashish Kalya, Subash Baliga and Sandeep Rana founded Zzungry in 2015

Food startup Zzungry raises funds from Silicon Valley entrepreneurs, others

Bangalore-based food startup Zzungry that offers freshly prepared Indian cuisine has raised a round of seed funding from Silicon Valley-based entrepreneurs Satish Vasudeva, Madhusudhan Jujare and other individual investors. The funds raised will be used for expansion and building revenue channels, i...

22 August, 2016 | More »

Saholic

Chinese retailer buys Spice Group’s mobile e-commerce property Saholic

In an instance of an offline retailer buying an ecommerce property, Chinese handset retailer Beijing Digital Telecom has acquired 49% stake in Spice Online Pvt. Ltd, the online retail arm of Spice Group, according to BSE filings. Beijing Digital picked the stake through its Singapore-based subsidiar...

22 August, 2016 | More »

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A sneak peek into biggest M&A deals in India’s ecomm, Internet segments

As investors turn their focus on unit economics and profitability, funding for tech startups and consumer Internet companies has tightened. This has not only resulted in a number of shutdowns in the segment but has also pushed companies to strike merger and acquisition deals. Fashion e-commerce aggr...

19 August, 2016 | More »

Quikr

Online classifieds firm Quikr raises funds from BCCL’s Brand Capital

Online classifieds firm Quikr India Pvt. Ltd has secured Rs 130 crore ($19.4 million) from Brand Capital, the ad-for-equity investment arm of media conglomerate Bennett, Coleman and Company Ltd (BCCL). VCCircle had first reported in May this year that Brand Capital was investing in Quikr and e-comme...

19 August, 2016 | More »

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Exclusive: Snapdeal explores merger talks with Flipkart, Amazon

Snapdeal, India’s second-largest homegrown online retailer, has initiated preliminary talks with staunch rivals Flipkart and Amazon to explore a possible merger that could realign the country’s e-commerce industry. Two people directly aware of the development said that Snapdeal is open to a merg...

18 August, 2016 | More »

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