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Flashback 2016: Six startups that pivoted this year

Some entrepreneurs get it right the first time and succeed, some just give up. And then there are some who don’t get it right the first time but don’t give up either. What do they do? They pivot. As the euphoria of 2015—when investors were rushing to back startups in India—faded away, 2016 t...

28 December, 2016 | More »

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BookEventZ raises undisclosed amount in pre-Series A funding

Online event-booking platform BookEventZ has raised an undisclosed amount in pre-series A funding from Lead Angels, Mumbai Angels and LetsVenture. Existing investors, including Girish Mathrubootham, Anbu Pandian, co-founder of PanZeea Solutions and Ishan Singh, director of Recapital Ventures, also p...

28 December, 2016 | More »

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Flashback 2016: The top angel investors in India

Dheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, and former Snapdeal product head Anand Chandrasekaran were among India’s top angel investors this year by number of deals they disclosed. Both investors have backed more companies this year than last. Jain closed 23 ...

27 December, 2016 | More »

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Flashback 2016: Funded startups that shut shop

When an unfunded, rookie startup shuts shop, not many are surprised. But one can sense the upheaval when well-oiled, promising startups begin to fail–in that sense, 2016 was a forgettable year for India’s tech startups. At least 32 well-funded tech startups folded up in 2016, compared to...

27 December, 2016 | More »

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E-commerce startup 10i Commerce Services raises $5 mn more

E-commerce startup 10i Commerce Services Pvt. Ltd has raised $5 million (Rs 33.9 crore) more in investment from Infosys co-founder Nandan Nilekani, according to a report by a financial daily on Tuesday. The former UIDAI chairman had previously invested $5 million in the startup, bringing the total a...

27 December, 2016 | More »

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Flashback 2016: Bangalore tops VC funding, Delhi-NCR catches angels’ fancy

Karnataka, home to the country’s startup capital, Bangalore, cemented its position as the region attracting the highest amount of venture capital and overall startup funding in 2016. The southern state recorded $341 million in total announced value of startup investments across 201 deals this ...

26 December, 2016 | More »

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Flashback 2016: When Ananya Birla started Livin’ The Life

If you know Ananya Birla as the pop singer from her free-spirited maiden single Livin’ The Life, you will be surprised to know that the 22-year-old juggles not one, not two, but four full-time jobs. The daughter of Aditya Birla Group chairman Kumar Mangalam Birla, one of India’s richest men, run...

26 December, 2016 | More »

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PremjiInvest-backed Cyanogen to shut down services on December 31

Cyanogen, the startup that made a popular custom version of Android, has announced that it is shutting down operations and will stop releasing nightly builds of the software by the end of the year. “As part of the ongoing consolidation of Cyanogen, all services and Cyanogen-supported nightly build...

26 December, 2016 | More »

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How incubators in India are helping startups grow

For Anand Sahani, founding WedMeGood, an online wedding planning portal, in 2014 was just the beginning. His team started working out of 91springboard, a Delhi-based co-working space with hubs across India. Just when he thought he needed some networking and mentoring to take the business in the righ...

26 December, 2016 | More »

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Video streaming app Dekkho raises seed funding

Video streaming platform Dekkho, run by Baadl Technologies Pvt Ltd, has raised $1.2 million (Rs 8.1 crore) from seven angel investors in its seed round of investment. The startup did not reveal the names of these investors. The company was founded by former Booz Allen Hamilton consultants Tanay Desa...

26 December, 2016 | More »