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Startups

Tech startups: Time for a reality check?

Saturday, May 28, 2016 | More »

startup
Has the moment of reckoning arrived for Indian internet companies? As India’s e-commerce poster boy Flipkart suffered its fifth markdown this week, this was the question that was on everyone’s lips. Around $5.8 billion has been shaved off its mid-2015 value of $15.2 billion when it last ...

Startup

Eight tech startups that closed operations this fortnight

New ideas/global replicas, funding, scale up and shut downs have now become part and parcel of the Indian startup story. Almost every sub-sector in the tech startup space – e-commerce, cab aggregation, food-tech, grocery delivery – has seen the emergence of copycat business models followed by th...

28 May, 2016 | More »

Swaminathan-Seetharaman

Freecharge founders back home healthcare startup Pianta

Pianta, a marketplace for home healthcare services, has raised undisclosed seed funding from Freecharge founders Kunal Shah and Sandeep Tandon. Freecharge is an online recharge company that got acquired by Snapdeal. “The funding will be used to scale up our supply side, expand to other cities and ...

28 May, 2016 | More »

Fashionara2

Exclusive: VC-backed lifestyle e-tailer Fashionara shuts shop

Online fashion and lifestyle store Fashionara.com, which had raised funding from Lightspeed Venture Partners and Helion Venture Partners, appears to have shut its operations as its website and app are no longer accessible. It couldn’t be ascertained when exactly the company closed its operations. ...

27 May, 2016 | More »

zupermeal

Exclusive: Chef Sanjeev Kapoor-backed home food delivery startup ZuperMeal shuts shop

Home food delivery startup ZuperMeal has apparently closed down its operations eight months after it raised seed funding. The ZuperMeal app, when downloaded, is showing an error message. The website of the firm is also not working. Moreover, one of the three co-founders, Balasubramanian Anantha Nara...

27 May, 2016 | More »

From L to R: Girish Gangadhar, Sachin Shenoy, Sachin Radder

Exclusive: Two-wheeler servicing platform Let’s Service gets funding

Bangalore-based Let’s Service, an on-demand marketplace and booking platform for two-wheeler servicing, has raised angel funding from QuEST Global chief operating officer Ajay Prabhu and Julia Computing Inc. co-founder Deepak Vinchhi. The funds, raised earlier  this year, will be used to build te...

27 May, 2016 | More »

zomato

Five takeaways from Zomato’s FY16 performance

Restaurant listings and discovery company Zomato Media Pvt Ltd has been able to reduce its operating cash burn to $1.7 million in May from a high of $9 million last year, but it’s still a long way from being in the black. In an investors call on Thursday, Zomato CEO and co-founder Deepinder Go...

27 May, 2016 | More »

LBB

Little Black Book gets $1.2 mn funding from IDG, IAN

Delhi-based curated city and lifestyle guide Little Black Book (LBB) has raised $1.2 million from IDG Ventures India and Indian Angel Network (IAN). Techcircle had first reported in April that LBB has received a commitment from IDG to bring in half of the total Rs 8 crore that it plans to raise, whi...

27 May, 2016 | More »

Techcircle-Startup-Tour

Explore the potential of starting up in Kerala @ Techcircle Startup Tour; register now

The startup ecosystem in Kerala has been becoming increasingly vibrant. Already home to more than 300 startups, the state has been transforming to a hub for disruptive startups emerging from south India. Further, with allocation of more than Rs 200 crore and initiatives such as Kerala Startup Missio...

27 May, 2016 | More »

ola_fe

With Ola Lux, one can book Jaguar for Rs 19 per km

Homegrown urban transport aggregator Ola has introduced luxury cars as part of its service offerings, sensing the potential for the luxury segment in in-city travel. With the new offering called Ola Lux, users can book luxury sedans Jaguar, Mercedes, Audi, BMW and Toyota Fortuner, among others. To s...

27 May, 2016 | More »

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