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Startups

Green energy startup igrenEnergi gets fresh funding

Friday, February 12, 2016 | More »

Jiten-Apte_igrenenergi
igrenEnergi Inc, a US-headquartered startup incubated at the Indian Institute of Technology-Bombay, has raised fresh funding to launch a product that it claims will improve the efficiency of solar energy panels. The company secured the investment from New York-based angel investor Sunil Mehta, it sa...

Ecomm74

Why consolidation in e-commerce will gain momentum this year

Consolidation activity in India’s e-commerce sector will likely pick up pace this year as companies as well as investors focus on sustainable growth and profitability, participants at the recently concluded Techcircle India Ecommerce Summit 2016 said. Already, larger players in several e-commerce ...

12 February, 2016 | More »

ActOnMagic

Data analytics startup ActOnMagic raises seed funding

ActOnMagic Technologies Pvt Ltd, which builds cloud analytics and management products to deliver intelligence and control for enterprises, has raised an undisclosed amount in a seed round of investment, led by NetMagic’s co-founder Jayabalan Subramanian, according to a press statement. The fun...

12 February, 2016 | More »

shut-shop

Exclusive: Funding crunch compels logistics aggregator Zippon to close operations

Zippon.in, an on-demand logistics aggregator for relocation services, has shut shop as it could not raise fresh funding after a proposed deal to sell out to a larger rival fell through at the eleventh hour. “We have closed down operations, largely because we couldn’t raise an angel round (of fun...

11 February, 2016 | More »

Balu Nayar

Exclusive: Morpheus Capital founder Nayar quits to join fintech startup NextGen

Balu Nayar, who founded venture capital firm Morpheus Capital Advisors Pvt Ltd in 2009, has been bit by the entrepreneurial bug again. He has quit his position as MD of the firm to join fin-tech startup NextGen Telesolutions Pvt Ltd as co-founder. Founded in 2012, NextGen is promoted by serial entre...

11 February, 2016 | More »

shopkirana

ShopKirana raises funding from ex-Samsung exec, others

Indore-based Shop Kirana E Trading Pvt Ltd, which runs B2B platform ShopKirana connecting individual retailers with suppliers, has raised an undisclosed amount of funding from Atul Jain, former senior vice president of Samsung global headquarters and food tech startup Hola Chef’s founder Anil Gelr...

11 February, 2016 | More »

oyo_fe

OYO buys Zo, Zostel in all-stock deal; Zo founders quit

It’s official. Budget hotel aggregator OYO Rooms has acquired Tiger Global-backed smaller rival Zo Rooms, OYO’s lead investor SoftBank said in an earnings presentation. A formal announcement is expected in the next two weeks, a person directly involved in the transaction told Techcircle.in. S...

10 February, 2016 | More »

Munjal-Dhamecha_fe

RentoMojo appoints Munjal Dhamecha as CTO

Bangalore-based Edunetwork Pvt Ltd, which operates home appliances and furniture rental marketplace RentoMojo, has appointed Munjal Dhamecha as its chief technology officer. Dhamecha will work on developing RentoMojo’s automation processes to improve efficiency, the startup said in a statement. He...

10 February, 2016 | More »

e-com

E-tailers must focus on profitability, cut discounts: Panelists at Techcircle summit

Indian e-commerce ventures must shift their focus from revenue expansion to profitability and cut back on discounts to sustain their businesses for the long term, top investors and entrepreneurs said at the Techcircle India Ecommerce Summit 2016 on Wednesday. Panelists who took part in various discu...

10 February, 2016 | More »

Affimity

Social networking startup Affimity gets $1.2M in angel funding

Social networking startup Affimity said on Wednesday it has raised $1.2 million (around Rs 8 crore) in an angel round of funding from Silicon Valley investors and its founders. The Bengaluru- and San Francisco-based company didn’t disclose the names of the investors in a press statement. The com...

10 February, 2016 | More »

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