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TOP STORY

Nexus- and Matrix-backed Stayzilla shuts down, may return with a pivot

Friday, February 24, 2017 | More »

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Online homestay aggregator Stayzilla, run by Inasra Technologies Pvt. Ltd, has halted its operations and will “reboot with a different business model,” co-founder and CEO Yogendra Vasupal has said. “This has been one of the toughest decisions that I have taken so far, but it is the...

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Clean-tech startup igrenEnergi raises funding from Japanese investors

igrenEnergi Inc, a US-based solar energy startup incubated at the Indian Institute of Technology-Bombay, has raised an undisclosed amount of funding from Japan’s BroadBand Tower Inc and GiTV. BroadBand Tower operates data centres and provides cloud services to e-commerce companies, video distribut...

24 February, 2017 | More »

health-tech startups

Ventureast floats early-stage fund to back health-tech startups

Early-stage investor Ventureast Fund Advisors India Ltd is raising a new $4 million ($26.6 crore) fund to make angel and seed investments in digital healthcare startups. This fund is an “independent initiative” as part of the healthcare series, a company spokesperson told VCCircle on Friday. “...

24 February, 2017 | More »

Oglas raises angel funding

Exclusive: Mobile ad platform Oglas raises angel funding

Noida-based mobile advertising startup Oglas has raised angel funding from two people, co-founder and chief executive Sunny Agarwal told Techcircle. Agarwal said Oglas, run by Advove Medios Pvt. Ltd, received funding from investment banker and NYU Stern alumnus Pankaj Rungta and serial entrepreneur ...

24 February, 2017 | More »

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B2B online marketplace Tolexo to lay off 300

Online business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiat...

24 February, 2017 | More »

Snapdeal

Snapdeal sellers knock govt’s doors as e-tailer struggles

A group of sellers on online marketplace Snapdeal has approached commerce minister Nirmala Sitharaman to protect their interests as the company’s troubles mount. The All India Online Vendor Association (AIOVA), an industry group set up to safeguard sellers’ welfare, said in a letter to Sitharama...

24 February, 2017 | More »

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What’s inside Aadhaar-linked Skype Lite?

Skype Lite, the 13MB video-calling app that works flawlessly even on a slow network, could well be the answer to the woes of scores of mobile users struggling with call drops and barely-workable data speeds in India. A lighter version of Skype, the video conferencing service from Microsoft, sits lig...

23 February, 2017 | More »

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Snapdeal layoffs: In the works for months, but kept out of employees’ sight

For employees of India’s third-largest e-commerce firm Snapdeal, the last couple of weeks have been stressful, to put it mildly. The tension is palpable, with the HR calling everyone for a one-on-one session, a meeting that will decide whether they are headed towards the exit door or will mana...

23 February, 2017 | More »

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Ola, Uber drivers begin indefinite strike in Bengaluru; services paralysed

Nearly 90% of the one lakh cab drivers associated with taxi-hailing companies Ola and Uber are taking part in an indefinite strike in Bengaluru, bringing the app-based taxi services to a grinding halt in the city. The protesters demand better incentives and relaxed work hours and call for an immedia...

23 February, 2017 | More »

parking

Get My Parking raises $1.1 mn from IAN, others

Cloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal. The startup will invest the fresh funds to deploy...

23 February, 2017 | More »

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