Startups looking to move on rather than burn VC money

Earlier this year, Frankly.me, a video social network decided to shut shop just a few weeks after it raised its pre-Series A funding. The hard decision also involved returning most of the capital raised by it back to its investors. Nikunj Jain, one of the co-founders of Frankly.me, says the product ...

Arti Singh

Eight tech startups that closed operations this fortnight

New ideas/global replicas, funding, scale up and shut downs have now become part and parcel of the Indian startup story. Almost every sub-sector in the tech startup space – e-commerce, cab aggregation, food-tech, grocery delivery – has seen the emergence of copycat business models followed by th...

Varun Arora

Exclusive: Laundry service platform Flashdoor gets angel funding

On-demand laundry service platform Flashdoor has raised an undisclosed amount in angel funding led by former Flipkart executive Sujeet Kumar. Flipkart chief business officer Ankit Nagori and Traxcn Labs also put money in the round, Ankit Agarwal, co-founder of Bangalore-based Flashdoor Internet Serv...