Power2sme raises second round of funding from Accel Partners

Gurgaon-based BEBB India Private Ltd that runs Power2sme, an online platform that acts a buying club for small and medium enterprises (SMEs), has raised an undisclosed amount in a another round of funding from early-stage VC fund Accel Partners. BEBB India Private Ltd, which owns Power2sme, was fou...

Sonam Gulati

Real estate portal CommonFloor claims 1K paid customers; eyeing $25M in revenue in 2 years

CommonFloor.com, a real estate and apartment management portal backed by Tiger Global and Accel Partners, is looking to clock revenues worth $25 million in the next two years, a top executive said. Sumit Jain, co-founder and CEO of CommonFloor, told Techcircle.in that the company is positioning itse...

Sonam Gulati

Jewellery e-tailer Bluestone claims monthly GMV of Rs 4Cr, looking at offline presence

Bluestone.com, an online jewellery store run by Bangalore-based Jewels Online Distribution India Pvt Ltd., claims to be selling up to 120 units a day with an average order value of Rs 12,000. Founded in February 2012, Bluestone is backed by Accel Partners and investor K Ganesh. It raised its last r...

Sainul K Abudheen

HolidayIQ CEO on the firm’s merger and demerger with Wego, latest round of funding and future plans

Three years ago Bangalore-based travel information and review portal HolidayIQ  announced a merger with Singapore-based OTA (online travel agent) Wego. The merger came unstuck last week and HolidayIQ went on to scoop another round  of venture capital funding from existing investors Accel Partners ...

Sonam Gulati

13 potential e-commerce M&As to watch out for in India in 2013

In 2012, we had seen the beginning of some serious consolidation in the Indian e-commerce space – a segment which has been a darling of venture capital investors for the past two-three years. We had seen Flipkart buying out and later downing the shutters on the electronics e-tailer Letsbuy; Myntra...

Anand Rai

ScaleArc raises $12.3M Series C funding from Accel, Trinity & Nexus Ventures

Mumbai and Silicon Valley-based database infrastructure software developer ScaleArc Inc. has raised $12.3 million in Series C round of funding led by Accel partners. Existing investors Trinity Ventures and Nexus Ventures also took part in the round. The funds will be used primarily to invest in sale...

Sainul K Abudheen

Inventus gets $70.3M commitment for early-stage investment fund

Inventus Capital Partners, an India-focused, early-stage investment fund, has received $70.3 million commitment from various investors for its second fund. The firm is yet to make a formal announcement but earlier, its management told Techcircle.in it was eyeing the first close at $70 million. When ...

Nandana Das

Shersingh.com revamps user interface

Sher Singh, the private label online shop from the stable of Exclusively.in, has unveiled a new look for its website. Sunjay Guleria, CEO and co-founder, Shersingh.com stated, “We always aim at innovating to make the Sher Singh branded experience as user-friendly as possible. With this New User In...

Sainul K Abudheen

Fresh fish e-tailer SeaToHome solves a real problem in a tough-to-execute space

It can be called ‘Fishkart’, Mathew Joseph’s answer to Flipkart. And just like Hemingway’s ‘Old Man’ proved beyond a doubt that landing a great catch required both determination and ‘territory’ knowledge, Joseph, too, did his homework well and took a bold step to launch India’s fir...

Sonam Gulati

Accel Partners invests $18M in BookMyShow

Venture capital firm Accel Partners has invested Rs 100 crore ($18 million) to buy a large minority stake in Big Tree Entertainment Pvt Ltd, which runs movie and event ticketing website BookMyShow, through a mix of primary share issue and sale of shares by existing investor Network18 Media & In...