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Bhavin Turakhia to invest $25 mn more in enterprise messenger Flock

Billionaire Bhavin Turakhia plans to invest $25 million in enterprise team messenger app Flock to enhance product innovation and meet global demand, the company said in a statement. As the company closes in on US-based Slack, which offers a chat and messaging app for businesses, for a larger share o...

16 March, 2017 | More »

Laundry

PickMyLaundry acquires OneClickWash in all-cash deal

New Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneCl...

16 March, 2017 | More »

Rewards startup

Rewards startup m.Paani raises $1.35 mn from IDG Ventures, others

Loyalty rewards app mPaani Solutions Pvt Ltd has raised $1.35 million in its pre-series A investment round led by IDG Ventures, Blume Ventures and Saha Fund, the company said in a statement. Existing investors Adil Allana of The Allana Group, Aprameya Radhakrishna, co-Founder of Taxiforsure, and ser...

16 March, 2017 | More »

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Exclusive: Last-minute hotel booking startup RoomsTonite shuts down

RoomsTonite, a mobile app for last-minute hotel bookings, has closed down operations as funds dried up following a failed $1.5 million fundraising bid, two persons familiar with the development told VCCircle. The startup decided to draw the curtain around eight months ago when operating costs began ...

15 March, 2017 | More »

Sexual-harassment

Are startups and investors doing enough to check sexual harassment?

Early this week, several women alleged sexual harassment by Arunabh Kumar, founder and chief executive of digital entertainment channel The Viral Fever (TVF). The issue has brought to spotlight low compliance levels at Indian startups when it comes to guidelines on prevention of sexual harassment at...

15 March, 2017 | More »

Amar Arsikere

Big data company Infoworks raises $15 mn from Centerview Capital, Nexus

Data warehousing company Infoworks.io Inc. has raised $15 million (Rs 98 crore) in its Series B round of investment led by Centerview Capital Technology. Existing investor Nexus Venture Partners also took part in this round, Infoworks said in a statement. As part of the investment, Ned Hooper, partn...

15 March, 2017 | More »

Stayzilla’s co-founder Yogendra Vasupal

Stayzilla co-founder Vasupal arrested on vendor’s complaint

Yogendra Vasupal, the co-founder and chief executive of Chennai-based homestay booking startup Stayzilla, has been arrested by the police on allegations of non-payment of dues by an advertising agency the company worked with. The development comes barely weeks after Stayzilla shut down its operation...

15 March, 2017 | More »

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Existing investor Blume Ventures criticises BHIVE co-founder over funding controversy

Karthik Reddy, co-founder and managing director of early-stage venture capital firm Blume Ventures, has questioned Shesh Rao Paplikar, co-founder and chief executive of coworking space startup BHIVE, for going public over a funding controversy involving a well-known VC firm. Blume Ventures is an exi...

14 March, 2017 | More »

Facebook selects dating app Matchbox

Facebook selects dating app Matchbox for FbStart programme

Dating app Matchbox has been selected by social media giant Facebook Inc. for its early-stage startup mentorship programme FbStart, under the Bootstrap track, the company said in a statement. Founded in 2016 by Jude Pereira, the app connects people through similar tastes in music, which serves as an...

14 March, 2017 | More »

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Tech accessories e-tailer LatestOne.com raises $3.3 mn from Ashish Dhawan, Mathew Cyriac and others

Hyderabad-based Palred Technologies Ltd (formerly Four Soft Limited) has raised about Rs 22 crore ($3.34 million) in its latest round from both new and existing investors, the company said in a statement. The company, which is listed on both BSE and NSE, will allot 1.5 million shares to investors on...

14 March, 2017 | More »