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Posts Tagged ‘ Accel Partners ’

Bluestone narrows revenue gap with Caratlane

Thursday, February 16, 2017 | More »

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The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore f...

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Housejoy FY16 losses widen 20-fold on higher ad spend, employee costs

Home services startup Housejoy’s revenue rose nearly 32 times in FY16, but losses also went up 20-fold as employee costs soared and the company spent more on advertising and promotions. The company, run by Sarvaloka Services On Call Pvt. Ltd, reported total revenue of Rs 17.1 crore against Rs ...

31 January, 2017 | More »

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B2B logistics startup BlackBuck to raise $10 mn from IFC

International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said. The investment will help BlackBuck, operated by Bangalore-based Zinka Logistics Solutions Pvt. Ltd,...

19 January, 2017 | More »

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PropTiger-Housing deal to be signed this week

Online property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in...

9 January, 2017 | More »

Team Mech Mocha

Mobile gaming startup Mech Mocha set to raise funding from Chinese VC firm

Chinese venture capital firm Shunwei Capital is in advanced talks to make its debut investment in India, in gaming startup Mech Mocha Game Studios Pvt Ltd, a financial daily reported on Friday. Shunwei Capital is investing $2 million along with venture capital firm Accel Partners, The Economic Times...

6 January, 2017 | More »

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Which funds should you pitch to in 2017?

Even though investor sentiment was cautious in 2016, the year saw nearly 26 funds come into being. While many of them were maiden funds, quite a few of them were at their first or second close. For startups looking to raise money in 2017, TechCircle.in has compiled a list of funds scouting for inves...

2 January, 2017 | More »

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Lending startup Indifi raises $10 mn in Series B

Gurgaon-based fintech startup Indifi Technologies Pvt Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has raised $10 million (Rs 66.5 crore) in a Series B funding round led by Omidyar Network — an investment firm founded by eBay founde...

13 December, 2016 | More »

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Flipkart suffers another markdown as Vanguard slashes stake value by 33%

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Fli...

2 December, 2016 | More »

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Flipkart’s valuation down to $5.57 bn after Morgan Stanley slashes value of its holding

A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares...

29 November, 2016 | More »

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B2B packaging material marketplace Bizongo raises $3 mn from IDG, Accel

Smartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money...

5 November, 2016 | More »

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