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India is producing four new startups everyday: study

Tuesday, October 13, 2015 | More »

India is the world’s third-largest startup hub where three-four new firms are born everyday, according to a report by IT industry body NASSCOM and Zinnov Consulting. India currently trails the US (47,000-48,000 startups) and the UK (4,500-5,000 startups) in terms of overall startup count, the repo...


IFC to invest $25M in BigBasket

International Finance Corporation, the private-sector lending arm of the World Bank, will invest around $25 million (Rs 163 crore) to pick up an undisclosed minority stake in online grocer BigBasket. This is IFC’s first known bet on India’s bustling e-commerce sector. IFC said on Tuesday...

13 October, 2015 | More »


Deals app Little buys Chandigarh-based Trideal

Little Internet Pvt Ltd, which owns the deals discovery app Little and counts Zovi.com founders Manish Chopra and Satish Mani as promoters, has acquired Chandigarh-based curated deals marketplace Trideal for an undisclosed amount. “Trideal has a large customer base and significant merchant databas...

13 October, 2015 | More »


Voodoo raises seed funding from SAIF Partners

Voodoo Technologies Pvt Ltd, which runs a mobile app that compares prices and deals on e-commerce sites, has raised an undisclosed amount in seed funding from SAIF Partners. The company will use the funds to improve its technology platform, it said in a statement. “Voodoo has taken a unique approa...

13 October, 2015 | More »

Startup funding platform AngelList has $400 million from China's CSC Venture Capital to set up CSC Upshot

AngelList teams with Chinese PE firm for $400M startup fund

Startup funding platform AngelList is getting $400 million from China-based private equity firm CSC Venture Capital for what is being dubbed as the world’s largest fund dedicated to seed-stage startups. The new fund, christened CSC Upshot, would focus on US-based startups and will be managed separ...

13 October, 2015 | More »


Mobile balance tracker Mubble gets Series A funding from Accel

Mubble, an Android app that allows prepaid cell phone users to do postpaid-like usage tracking, has raised an undisclosed amount in Series A funding from Accel Partners. The Bangalore-based startup, run by Mubble Networks Pvt Ltd, will use the capital to scale up business, it said in a statement. Th...

12 October, 2015 | More »


Gridle raises $100K in seed funding

Ahmedabad-based Pivoting Softwares Pvt Ltd, which runs productivity platform for work Gridle, said on Monday it has raised $100,000 (Rs 65 lakh) in seed funding through crowd-funding platform LetsVenture. Investors included Jyotsna Bapat, professor at the International Institute of Information Tech...

12 October, 2015 | More »


Ride-sharing app Zify raises $190K in angel funding

Zify Tech Solutions Pvt Ltd, which runs a ride-sharing app, has raised $190,000 (Rs 1.2 crore) in angel funding from two Hyderabad-based investors and Sean O’Sullivan of SOSventures. The Hyderabad-company will use the funds for technology development and forming marketing strategies. It also plans...

12 October, 2015 | More »

Kunal Nandwani, CEO, uTrade Solutions

Funding can be a double-edged sword for startups

Funding is crucial for all kinds of companies. I would say that funding is a double-edged sword that can make or break a startup’s future. While well-funded companies can create shareholder value and disrupt markets, excess funding or poor use of capital is a recipe for failure. Timing of fund rai...

12 October, 2015 | More »


Post pivot, Helpchat fires over 100 employees

Helpchat, which recently pivoted into a chat-based personal assistant app, is believed to have laid off between 100-150 staffers. “As we evolved, there were 2-3 teams from the earlier model (call centre, quality etc) who we tried hard to scale up and help become relevant within the new reality o...

12 October, 2015 | More »

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