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Money

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B2B fashion portal Wholesalebox secures $2 mn

Wholesalebox.in, a Jaipur-based B2B wholesale e-commerce firm, has secured $2 million (Rs 13 crore) in a pre-Series A round from a group of angel and institutional investors. Manish Maheshwari, CEO of Network 18 Digital and Contrarian Vriddhi Fund are among the investors that participated in this ro...

28 November, 2016 | More »

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Rewards platform Kloseby gets seed funding, aims to reach more users

Rewards app Kloseby has raised $100,000 (around Rs 68 lakh) in seed investment from an undisclosed investor, it said in a statement. Kloseby, run by Cloudnine Technologies Pvt. Ltd., helps users earn rewards when they visit stores. It also enables businesses to get better visibility. The funds will ...

26 November, 2016 | More »

Servify

Servify raises funding from Beenext, Blume Ventures, others

Servify, a platform that works as a personal assistant to electronic gadgets and appliances, has raised an undisclosed amount in its pre-Series A round of funding from Beenext, and existing investors Blume Ventures and two German firms— Barkawi Holdings GmbH and TM Service Technology Holdings GmbH...

26 November, 2016 | More »

Vijay Shekhar Sharma

Why Paytm halted mobile PoS rollout just a day after launch

Just a day after the blockbuster launch of its mobile point-of-sale (PoS), mobile wallet firm Paytm has halted the rollout of its App PoS. The launch – which would have taken Paytm’s total merchants count from 15 lakh to 1.5 crore in just a week (as per the company’s claims) – has be...

25 November, 2016 | More »

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Career advice portal TapChief raises funding from Paytm, TaxiForSure’s founder, others

Bengaluru-based TapChief, owned by Pilani Experts Technology Labs Pvt. Ltd, has secured an undisclosed amount of funding from Paytm, TaxiForSure’s Aprameya Radhakrishna, Fisdom’s Subramanya Venkat and Nu Ventures’ Venk Krishnan, it said in a statement. The funds will be used to develop a ‘co...

25 November, 2016 | More »

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Online events platform Hubilo secures angel funding

Ahmedabad-based events startup Hubilo Softech Pvt. Ltd has secured an undisclosed amount of angel funding from 12 investors, including Freshdesk CEO and co-founder Girish Mathrubootham, multiple media reports said. Hubilo will use the funds to develop its technology platform and grow its sales and m...

25 November, 2016 | More »

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Flipkart may hire I-bankers to raise funds

India’s biggest e-commerce marketplace Flipkart India Pvt. Ltd is reportedly in talks with several investment banks, including the US-based Goldman Sachs Group Inc. to attract investors for a new round of funding. In a report, the Mint on Friday said that the Bangalore-based company “is now cons...

25 November, 2016 | More »

funding

Exclusive: Ideal Insurance’s upcoming online platform gets funding

Kolkata-based insurance broking firm Ideal Insurance is all set to launch an online insurance platform christened 121Policy.com that will primarily focus on health insurance. The company has raised an undisclosed amount from former Just Dial chief technology officer Sandipan Chattopadhyay’s techno...

25 November, 2016 | More »

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Online pharmacy Netmeds buys Delhi rival Pluss

Online pharmacy Netmeds.com has acquired Delhi-based hyperlocal drugs delivery app Pluss in a deal that will help it expand its operations in northern India and better compete with Sequoia Capital-backed rival 1mg. Netmeds, run by Chennai-based Netmeds Marketplace Ltd, didn’t disclose financial de...

24 November, 2016 | More »

Laundry

Laundry startup UClean raises seed funding from Franchise India

Gurgaon-based UConcepts Solutions LLP, which owns tech-enabled laundry service provider UClean, has secured an undisclosed amount in seed funding from franchise and retail solution group Franchise India, it said in a statement. The startup will use the funding to build more than 500 laundromats in f...

24 November, 2016 | More »