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Startups

Mumbai, NCR startups corner bulk of seed funding; MobiKwik gets VC money

Saturday, August 27, 2016 | More »

Mobile payments startup MobiKwik led the fundraising activity this week. In a statement on August 26, the digital wallet company said it had raised $40 million in Series C round from South Africa-based mobile payment solution provider Net1. This was the largest deal announced in the week. Of the19 s...

Truckmandi

Exclusive: Inter-city Truck aggregator TruckMandi goes off track

Three months after Delhi-based truck aggregator TruckMandi announced that it is going to rejig its business model as it was finding it difficult to operate, it appears that the startup has now shut down its operations. The Truck Mandi app when downloaded was not accepting log-ins and the web site of...

26 August, 2016 | More »

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Snapdeal secures $21 mn from Luxembourg fund house

India’s second largest online e-commerce firm Snapdeal has raised $21 million from Luxembourg-based fund Clouse SA. The Economic Times reported on Friday that the fund raised was part of Snapdeal’s Series J round initiated in February. At that time, the e-commerce marketplace had secured...

26 August, 2016 | More »

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Local content discovery platform NearFox gets angel funding from Globevestor, others

Mumbai-based local lifestyle content and discovery platform NearFox said on Thursday it has raised funding from a group of investors that included the Globevestor Angel Fund. Devendra Rane, CTO at online insurance startup CoverFox; Ravi Jain, former principal at VC fund Ventureast and co-founder of ...

25 August, 2016 | More »

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Overvaluation can mess it up for startups in the long run: Panellists at TechCircle meet

Valuing a business correctly holds equal importance for the investor as it does for a startup—the short-term win that comes from overvaluation can mess it up for startups in the long term, said panellists at TechCircle Startup 2016 – Delhi Edition. For instance, India’s largest e-commerce ...

25 August, 2016 | More »

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IIT Bombay bans Portea, Peppertap for revoking job offers

Premier tech school IIT Bombay today blacklisted nine companies including startups like Portea Medical and Chinese firm Johnson Electric from placements for one year as a penalty for a variety of violations like, revoking the offers to some of its graduates. The action follows a controversy over a h...

25 August, 2016 | More »

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Leverage venture debt early on, panellists at TechCircle summit tell entrepreneurs

At a time when entrepreneurs are having a tough time to raise follow-on venture capital funding, venture debt is coming to the rescue of VC-backed startups, providing them longer cash flow runway. Panellists at the TechCircle Startup 2016 – Delhi Edition said entrepreneurs should take advantag...

24 August, 2016 | More »

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Quality of angels matters more than quantum of investment: Panellists at TechCircle summit

While raising funding is important for early-stage ventures, entrepreneurs need to be focused on the value angel investors bring to the table, said panellists at TechCircle Startup 2016 – Delhi Edition. While the startup ecosystem is seeing a funding crunch, angel investments have been on the ...

24 August, 2016 | More »

Participants at a panel discussion at TechCircle Startup 
2016

Back to basics in 2016 after abnormal 2015 for startups, say panellists at TechCircle summit

A drop in Series A round of investments for startups in 2016 will likely help bring the focus back on business fundamentals, said panellists at the Delhi edition of TechCircle Startup 2016. During a panel discussion on what the decline in Series A deals means, the participants said also that 2015 wa...

24 August, 2016 | More »

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Optimism prevails amid funding slump, say panellists at TechCircle summit

While the perceptible change from exuberance to caution in the funding space over the last year has reshaped the dynamics of the startup ecosystem in the country, it is not impossible to raise funding, said panellists at TechCircle Startup 2016 – Delhi Edition. While 2015 was a year of sky-hig...

24 August, 2016 | More »

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