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TOP STORY

Exclusive: Amagi Media in talks for fund raise from PremjiInvest, Emerald Media

Saturday, December 10, 2016 | More »

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Amagi Media Labs Pvt Ltd, India’s leading targeted-TV advertisement solutions firm, is in advanced talks with investors PremjiInvest and KKR-backed Emerald Media, to raise Rs 240 to 250 crore ($35.6 to $37 mn), according to two people close to the development. While the over $2 billion PremjiInves...

Foodpanda

Delivery Hero buys Rocket Internet-backed startup Foodpanda

Delivery Hero Holding GmbH, which runs Delivery Hero, has announced the acquisition of Rocket Internet’s entire global operations of food delivery startup Foodpanda. The acquisition brings together two top food delivery startups based in Germany. After this acquisition, the combined group is expec...

10 December, 2016 | More »

train

POS machines to be installed at 13K train ticket counters

To encourage cashless transaction, Railways will install card swipe machines at parcel booking offices and all ticket reservation counters in all major stations. Besides POS (Point of Sale) machines will also be installed at suburban railway stations to help people purchase seasonal and monthly tick...

10 December, 2016 | More »

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Exclusive: Flipkart shuts down private label DigiFlip, hopes to be second time lucky with Smart Buy

After more than four years of its entry into the private label business, Bengaluru-based Flipkart has discontinued DigiFlip, which used to sell digital accessories such as laptop bags and camera pouches. “DigiFlip has been discontinued. We are just clearing stock and it will phase out soon,” a F...

9 December, 2016 | More »

StalkBuyLove

Exclusive: Fashion e-commerce startup StalkBuyLove raises funding from Kalaari, others

Fashion e-tailer StalkBuyLove has raised around Rs 41 crore ($6 million) in its Series A funding round led by Kalaari Capital, as it looks to expand its business in a market that is increasingly getting crowded. Germany’s VCDE Venture Partners and investment firm TTM Holding AG also invested i...

9 December, 2016 | More »

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Flawed business model or funding crunch: What led to startup shutdowns?

The startup euphoria that was evident in 2015 seems to have subsided in 2016 with the demise of several well-funded ventures such as PepperTap, Intelligent Interfaces, Fashionara, Purple Squirrel and Flashdoor. According to a Techcircle analysis, at least 32 funded tech startups reported shutting do...

9 December, 2016 | More »

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Content delivery firm WittyParrot secures seed funding from Mumbai Angels, others

WittyParrot, a cloud-based content delivery platform has raised Rs 3 crore ($450,000) in seed investment from Mumbai Angels and a few Silicon Valley-based angel investors. The startup will use the funds to expand its sales team grow its footprint in the US and India, Anil Jwalanna, co-founder and ch...

9 December, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm

Vijay Shekhar Sharma sells 1% in One97 to raise $48.1 mn for payments bank

Paytm’s founder and chief executive Vijay Shekhar Sharma has sold 1% of his holding in the digital wallet’s parent firm One97 Communications Ltd, to raise nearly $48.1 million (Rs 325 crore). With the latest transaction, One97’s valuation reportedly stands at $4.8 billion (Rs 32,438.4 cror...

9 December, 2016 | More »

Nykaa

Beauty e-commerce startup Nykaa raises fresh funding from Max Ventures

Max Ventures and Industries Ltd, part of industrialist Analjit Singh’s Max Group, said on Friday a unit has acquired a 1.99% stake in online beauty essentials retailer Nykaa. The stake was bought by wholly owned subsidiary Max I. Ltd, the company said in a stock-exchange filing. It didn’t disclo...

9 December, 2016 | More »

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Facebook unveils year-end review 2016; Pokemon Go, iPhone 7 among most talked in India

Social networking giant Facebook released its year-end review for 2016, highlighting ‘moments, events and trends’ that ruled the year both in India and globally. It also unveiled its very popular ‘Your Year in Review’, a personalised video that gives users a flashback of the year gone by. Us...

9 December, 2016 | More »

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