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Startups

Exclusive: Automobile IoT startup Vehico raises angel funding from Calcutta Angel Network, Appliyifi

Wednesday, December 7, 2016 | More »

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Bengaluru-based Vehico that develops Internet of Things (IoT) solutions for the automobile industry has received an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments. The fresh capital, raised in late October, will be used to...

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For this startup making cars greener is a billion-dollar dream

Hybrid cars have so far made little impact in bringing down vehicular emission. The ever-increasing vehicular emission accentuates the climate challenge to the point that it threatens the human existence while automotive world has by far made only some reluctant steps to address this problem. The gl...

7 December, 2016 | More »

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Digital lending platform ZestMoney raises $6.5 mn from PayU, others

Chalk Farm Ventures Pvt. Ltd, which runs consumer lending startup ZestMoney, has raised $6.5 million (Rs 44 crore) in a Series A round of funding led by Naspers-owned online payments firm PayU. Existing investors Ribbit Capital and Omidyar Network also participated in the round, a person directly aw...

7 December, 2016 | More »

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Car rental startup Revv raises $9 mn in institutional funding

The company did not reveal how much it raised in equity but said it was a Series A round, led by Edelweiss Private Equity. The undisclosed debt funding was raised from financing partners Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India. With the acquired funds, the ...

7 December, 2016 | More »

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Microsoft and Wipro to help startups grow business

Microsoft Accelerator has announced a partnership with Wipro to identify technology solutions that can be integrated across Wipro’s existing business verticals and to offer the startups enrolled in its accelerator programme comprehensive go-to-market (GTM) opportunities. The announcement was made ...

7 December, 2016 | More »

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Online investment advisory startup WealthApp gets $440K from angel investors

Bengaluru-based online investment advisory startup WealthApp Financial Advisors Pvt Ltd has secured Rs 3 crore ($440,000) in angel funding from investors including NuVentures managing partner Venk Krishnan and Daksh eServices co-founder MJ Aravind. Vikram Kotak, managing partner at Crest Capital and...

7 December, 2016 | More »

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Exclusive: AI startup Niki.ai raises additional funding from Unilazer

Bengaluru-based artificial intelligence startup Niki.ai has raised Rs 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala’s Unilazer Ventures also participated in this round, the startup disclosed in its ROC fili...

6 December, 2016 | More »

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One funded Indian tech startup shut shop every 10 days this year

Well begun, as they say, is half done. By that measure, startups that managed to raise funding from marquee investors such as Sequoia Capital, Matrix Partners and Helion Ventures even before they began to earn revenue would surely have been on the path to success. But, a beginning however great is j...

6 December, 2016 | More »

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Amazon rolls out Launchpad to support startups in India

US-based Amazon.com Inc’s India subsidiary has launched its global programme for startups, Amazon Launchpad, in the country. Indian startups can market their products under this programme to Amazon customers across the country and the world through an e-store, the company said in a statement on Mo...

6 December, 2016 | More »

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Exclusive: Bike rental startup ONN Bikes gets seed funding

Mumbai-based bike rental startup ONN Bikes has secured an undisclosed amount of seed funding from Grace Capital Ventures and four other individual investors. The startup, operated by Motorcruizer Technologies India Pvt. Ltd., will use the funds to set up hub stations in Bengaluru and Hyderabad, Nami...

5 December, 2016 | More »

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