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TOP STORY

Exclusive: Parking solutions app PParkE raises seed round

Wednesday, January 18, 2017 | More »

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Bangalore-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE, has raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures, one of its co-founders told Techcircle. Shampa Ganguly, co-founder and CEO, PParkE, said, “We have ...

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Exclusive: Construction management platform QwikSpec raises $300K in angel round

Cloud-based construction field inspection and asset management platform QwikSpec has raised $300,000 (Rs 2 crore) in angel funding, its founders told Techcircle. The amount was raised from a veteran tech angel investor, whose name the founders didn’t disclose, and others. The Bangalore-based s...

18 January, 2017 | More »

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Flipkart, Amazon drop $1 bn Souq acquisition bid: Report

US-based Amazon.com Inc and Indian online retailer Flipkart have dropped a bid to acquire Middle East-based horizontal e-commerce venture Souq.com due to a disagreement over price, Bloomberg reported on Wednesday. Souq.com has now reached out to Dubai-based mall company Majid Al Futtaim, the report ...

18 January, 2017 | More »

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Mobile data startup Zeotap raises $12.8 mn in Series B funding

Bangalore- and Berlin-based mobile data startup Zeotap GmbH has raised $12.8 million (12 million euros) in Series B funding from New Science Ventures (NSV) and Here. NSV is a New York-based venture fund and Here is a global provider of mapping and location-based services backed by German automotive ...

18 January, 2017 | More »

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MSD Telematics acquires vehicle tracking solutions firm Heuristics Info Systems

Gurgaon-based telematics solutions firm MSD Telematics Pvt Ltd has acquired vehicle tracking solutions provider Heuristics Info Systems Pvt Ltd for an undisclosed amount in an all-cash deal. The deal will help MSD Telematics deliver greater value to customers by offering a complete bouquet of servic...

18 January, 2017 | More »

Shashank ND

Revenue from international markets may outpace that of India’s: Practo’s Shashank ND

The fresh fund infusion of $55 million led by Tencent has reaffirmed investor confidence in healthcare firm Practo. According to estimates, the latest round of funding puts the company’s valuation well past $600 million. The Series D funding round announced on Tuesday also saw the participatio...

18 January, 2017 | More »

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Uber India to focus on ride-sharing, localisation in 2017

Ride-sharing and localisation (tweaking the product according to local priorities) will be the top trends shaping India’s cab-aggregation space this year, Uber India’s strategy head Prabhjeet Singh told TechCircle. “Ride-sharing is the future of urban mobility…It enables more...

18 January, 2017 | More »

Team elth.ai

elth.ai looks to disrupt med-tech market with AI

elth.ai, owned by Bengaluru-based HCFAB Health Technologies Pvt Ltd, is an artificial intelligence-based med-tech startup that aims to solve health problem discovery and the absence of a 24×7 medical adviser. Founded by Srinath Akula, an IIM-Indore alumnus who worked with Flipkart earlier, and dent...

18 January, 2017 | More »

Vahdam

Tea e-tailing startup Vahdam raises angel funding

Vahdam Teas Pvt Ltd, a Delhi-based tea e-tailer, said on Wednesday it has raised funding from a clutch of angel investors to implement its expansion plans. The firm has raised Rs 4.4 crore ($650,000) from early-stage investment firm Fireside Ventures’ Kanwaljit Singh, Mumbai Angels and Singapo...

18 January, 2017 | More »

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Snapdeal revenues up 56% but losses more than doubled to $436 mn in FY2015-16

Jasper Infotech Pvt. Ltd, which runs online marketplace Snapdeal, more than doubled its losses to Rs 2,960 crore (around $436 million) in the financial year ended 31 March 2016. Its total revenues went up by 56% to Rs 1,456.6 crore in FY2015-16. It had garnered revenues of Rs 933.3 crore with a net ...

17 January, 2017 | More »

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