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Posts Tagged ‘ Mangrove Capital Partners ’

Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

Tuesday, December 13, 2016 | More »

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Wudstay Travels Pvt Ltd – which started off as a rival to OYO Rooms – has exited the budget hotel aggregation space, a source close to the development told Techcircle. The company now operates in the PG and hostel segment that it started this year. Wudstay is yet to confirm the development, but ...

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E-commerce enabler StoreKing raises $16 mn from Axiata Digital

Bangalore-based StoreKing, an e-commerce startup that helps retailers to sell products in small towns, has secured $16 million from Malaysian telecom operator Axiata Group Berhad’s wholly owned unit Axiata Digital. This is Axiata Digital’s first investment in India, StoreKing said in a state...

8 June, 2016 | More »

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Online aggregator for branded budget hotels WudStay raises $3M led by Mangrove Capital

WudStay Travels Pvt Ltd, which owns and operates online room booking portal WudStay.com, has raised $3 million in Series A funding from venture capital firm Mangrove Capital Partners and Nimbuzz CEO Vikas Saxena. WudStay will use the money to ramp up its technology platform, increase team size and e...

7 July, 2015 | More »

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Skype backer Mangrove Capital invests in e-com enabler StoreKing; to invest up to $250M in Indian e-com & telecom startups

Mangrove Capital Partners, a Luxembourg-based venture capital firm which has backed Skype and Nimbuzz, has invested in LocalCube Commerce Pvt Ltd, an e-com enabler for offline stores in small towns under the brand StoreKing, as per its website. Although the investment amount stands undisclosed, the ...

10 February, 2015 | More »