Indiaproperty.com raises $7M from Canaan Partners & Mayfield after demerger from Matrimony.com

Indiaproperty.com, an online platform listing residential properties for buying & selling and run by Chennai-based India Property Online Pvt Ltd, has been demerged from Matrimony.com Pvt Ltd (formerly Consim Info) and has raised $7 million (Rs 38 crore) from Canaan Partners and Mayfield Fund. Th...

Sonam Gulati

One in four startups gets angel funding, 20% of angel-backed firms score Series A: Alok Mittal

So what are the odds of an Indian startup reaching a stage where it pulls in a venture capital firm with Series A funding? Just over 5 per cent, it seems, and that, too, after it has gone through an incubator, according to Alok Mittal of Canaan Partners. Speaking on the occasion of TiE India [...]...

Anand Rai

Location-based mobile advertising platform AdNear raises $6.3M from Sequoia & Canaan Partners

AdNear, a location-based mobile advertising platform that supports both feature phones and smartphones, has raised Rs 35 crore ($6.3 million) in Series A funding from Sequoia Capital and Canaan Partners. The money raised will be primarily used to support the company’s expansion plans across the As...

Anand Rai & Sonam Gulati

FDI in multi-brand retail commendable but life doesn’t change for Indian e-com startups: Experts

The government’s decision to allow up to 51 per cent foreign direct investment (FDI) in multi-brand retail has been made with an eye on physical stores, but it would undoubtedly impact online retailers as well. Of course, some prominent investors in Indian e-commerce space are cautious in commenti...

Sonam Gulati

Online food ordering sites mushrooming; Is the market ripe enough?

Working late in office? Left without provisions at home? Can’t dine out because of foul weather or because you don’t know the local joints? These are all the reasons why US-based GrubHub came into existence as early as 2004 and is still doing a roaring business. And these may be reason enough fo...

Anand Rai, Nandana Das & Sonam Gulati

Digirati: Top 25 powerful people in Indian digital business

They provide smart insights into hot trends and create strategies that redefine businesses. They innovate opportunities for themselves and others – writing some success stories that inspire awe. Meet the homegrown Steve Jobs, Mark Zuckerbergs and Warren Buffetts who have made waves in the digital ...

Team TC

Do Angels Lose The Start-up Game When VCs Take Over?

When it comes to board room decisions, all is not always rosy between angel and venture capital investors of fast-growing start-ups. And the top angel investors in India have brought to the fore a few friction points that currently exist between angels and venture capitalists. According to Deepak Sh...

Preethi J

Flipkart Acquires Digital Content From Bollywood News Site Chakpak

Flipkart.com has struck another deal in India – Chakpak.com, a Bollywood news site that offers updates, news, photos and videos. Techcircle.in first reported that Flipkart was in talks to acquire Chakpak.com. Incidentally, both Chakpak.com and Flipkart.com are backed by international venture c...

Madhav A Chanchani

Canaan Partners Leads $45M Round In Ashok Soota’s Happiest Minds

Happiest Minds Technologies Pvt Ltd, an IT solutions and services start-up by ex-MindTree Ltd chairman and co-founder Ashok Soota, has raised $45 million or Rs 229 crore in its first round of funding, led by Canaan Partners. Intel Capital, Soota and other founders of Happiest Minds also invested in ...

Preethi J

Flipkart May Acquire VC-backed Bollywood Site Chakpak

After acquiring book recommendation engine WeRead by Lulu and digital music firm Mallers, Inc., Flipkart Online Services Pvt Ltd might be making yet another acquisition. Techcircle.in has learnt that Flipkart is in discussions to acquire Chakpak.com, a Bollywood news portal backed by Accel Partners ...