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Startups

Enterprise payments firm Airpay secures Series A funding from Kalaari Capital, others

Tuesday, March 21, 2017 | More »

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Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari Capital and existing investors Rakesh and Rajesh Jhunjhunwala. The company, operated by Airpay Payment Services Pvt. Ltd, will use the funds to build its technology, sales, d...

Two Bangalore women give a ‘clean’ twist to co-working spaces

Co-working spaces – the idea of an open and communicative work culture – is finally picking up in the Indian startup ecosystem. The past two years have witnessed many startups, including Innov8, InstaOffice and 91springboard, venturing into this space to cash in on the opportunity. In fact, seve...

21 March, 2017 | More »

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Exclusive: GrabOnRent close to raising Series A round

Bangalore-based GrabOnRent Internet Pvt. Ltd, which runs product rental marketplace GrabOnRent, is close to raising $3 million (Rs 19.5 crore) in Series A funding from new and existing investors, two persons familiar with the matter said. Existing investors IvyCap Ventures and Unicorn India Ventures...

20 March, 2017 | More »

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After venture capital, startups taking ‘vendor capital’ for granted

The bloodletting in the Indian startup ecosystem continues with hotel-booking app RoomsTonite shutting shop on the heels of the Stayzilla fiasco, which is still playing out in the media. I have previously said that the startup space in India is safe because of its self-correcting nature. However, I ...

20 March, 2017 | More »

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Weekly roundup on startup funding

In the week gone by, seven startups received angel/seed and venture capital funding. In the biggest deal of the week, San Jose-based enterprise data warehousing company Infoworks received $15 million in a Series B round of funding led by Centerview Capital Technology and existing investor Nexus Vent...

20 March, 2017 | More »

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Meet the 12 startups selected for Yes Bank’s accelerator programme

India’s fifth largest private sector lender Yes Bank has chosen 12 fintech startups for the inaugural cohort of its accelerator programme. The Yes Bank Business Accelerator Program was set up in collaboration with startup incubator T-Hub, startup advisory firm Anthill and fintech platform Let’s ...

17 March, 2017 | More »

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Myntra set to invest in 10 fashion brands with accelerator programme

Flipkart-backed fashion e-tailer Myntra is set to sign term sheets with 10 domestic brands and get them aboard its recently launched Brand Accelerator programme, a top company official told VCCircle. “We have already closed term sheets with three of them and will soon complete it with the rest. Ma...

17 March, 2017 | More »

(L-R) Chaitanya Ramalingegowda, VP-investor relations at LetsVenture, Shanti Mohan, co-founder & CEO, LetsVenture and Ankit Samdariya of The Hive

Co-working space The Hive, LetsVenture join forces to set up incubators

Virtuous Retail Services Pvt. Ltd, which operates collaborative workspace The Hive, has joined hands with online fundraising platform LetsVenture to set up and manage incubator spaces for startups. While LetsVenture-affiliated companies will have special access to The Hive’s network of collaborati...

16 March, 2017 | More »

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Agri-tech startup FarMart raises seed funding from IAN

Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated. Ambarish Raghuvanshi, who led the investment on behalf of IAN, has also joined the board of the startup, the press note added. Oper...

16 March, 2017 | More »

Women-focused media startup POPxo raises $2.7 mn from GREE Ventures

Women-focused media startup POPxo raises $2.7 mn from GREE Ventures, others

POPxo.com, a digital publication targeted at young women, has raised $2.7 million in a Series B funding round led by Japanese venture capital firm GREE Ventures with participation from its existing investors Kalaari Capital and IDG Ventures India. The company will invest the fresh capital on product...

16 March, 2017 | More »

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