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Posts Tagged ‘ Matrix Partners ’

Stayzilla co-founder Vasupal arrested on vendor’s complaint

Wednesday, March 15, 2017 | More »

Stayzilla’s co-founder Yogendra Vasupal
Yogendra Vasupal, the co-founder and chief executive of Chennai-based homestay booking startup Stayzilla, has been arrested by the police on allegations of non-payment of dues by an advertising agency the company worked with. The development comes barely weeks after Stayzilla shut down its operation...

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ItzCash to strengthen hold in expense management, backs fintech startup Finly

Mumbai-based digital payments company ItzCash Card Ltd has made an undisclosed equity investment in Bangalore-based expense management firm Finly. ItzCash will use the funds to strengthen its play in the expense management vertical, which is estimated to be a $25 billion opportunity for corporates i...

27 February, 2017 | More »

Dailyhunt

Franklin PE arm sells Dailyhunt stake to China’s Bytedance for $19.2 mn

Franklin Templeton Private Equity Strategy has exited vernacular news aggregator Dailyhunt, selling its stake to existing investor Bytedance of China, a financial daily reported on Wednesday. Franklin Templeton PE sold its stake in Ver Se’ Innovation Pvt. Ltd, which runs Dailyhunt, for around Rs 1...

1 February, 2017 | More »

Shashank ND

Practo raises $55 mn in Series D round, forays into health insurance aggregation

Digital healthcare platform Practo has raised $55 million in Series D funding led by existing investor China’s Tencent. Practo Technologies Pvt Ltd, which runs a doctor-appointment site and offers an ad platform to clinics, hospitals and diagnostic centres, also saw participation from three ne...

17 January, 2017 | More »

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Practo makes fifth acquisition, buys analytics startup Enlightiks

Practo Technologies Pvt. Ltd, a web-based clinic management software developer, has acquired US-based data analytics firm Enlightiks Inc. and its Indian operations in a cash-and-stock deal. The deal, which includes the acquisition of Bengaluru-based Enlightiks Business Solutions Pvt. Ltd, is valued ...

16 December, 2016 | More »

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B2B marketplace OfBusiness raises $11 mn from Zodius Capital, Matrix Partners

Online business-to-business (B2B) marketplace OfBusiness has raised $11.1 million (around Rs 75 crore) in its Series B round of funding, led by Zodius Technology Opportunities Fund, it said in a statement. Existing investor Matrix Partners and angel investors also participated in the round. The Gurg...

13 December, 2016 | More »

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One funded Indian tech startup shut shop every 10 days this year

Well begun, as they say, is half done. By that measure, startups that managed to raise funding from marquee investors such as Sequoia Capital, Matrix Partners and Helion Ventures even before they began to earn revenue would surely have been on the path to success. But, a beginning however great is j...

6 December, 2016 | More »

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SaaS startup Zarget raises $6 mn in Series A funding

Chennai-based software-as-a-service (SaaS) provider Zarget has raised $6 million (Rs 40 crore) in its Series A round of funding, led by venture capital firm Sequoia Capital India. Existing investors Accel Partners and Matrix Partners also took part in this round, the company said in a statement. Osm...

3 November, 2016 | More »

MakeMyTrip-ibibo merger

MakeMyTrip-ibibo merger: What it means for hotel aggregators

The merger between MakeMyTrip and Naspers-owned ibibo Group could benefit hotel aggregators in India in more ways than one. To begin with, it will reduce cash burn and discounting, founders of several hotel aggregation platforms told TechCircle. On Tuesday, NASDAQ-listed and India’s oldest onl...

20 October, 2016 | More »

ItzCash_MD

Exclusive: ItzCash in talks with several fintech mobile companies for potential investment

Mumbai-based digital payments facilitator ItzCash is in talks with several mobile application firms for making a strategic investment, said a top company executive. The company, which would turn profitable in FY2016-17, is looking for firms specialising in fintech mobile applications which can be sc...

26 August, 2016 | More »

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