Myntra secured $25M more from existing investors last year, total funding at $65M

Bangalore-based Myntra Designs Pvt Ltd, which runs the lifestyle e-commerce site Myntra.com, had last year secured additional $25 million from existing investors, including Tiger Global and Accel Partners. This funding round, which was not formally announced, followed a $20 million Series C funding ...

Reuters

Tiger Global invests $50M in Automattic’s WordPress.com

Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund and private-equity investor Tiger Global on Friday. The investment comes on the heels of Yahoo’s $1.1 billion acquisition of blogging company Tumblr, showing the high prices...

Team TC

Just Dial issue subscribed over 11 times

The initial public offering of Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has received an enthusiastic response with the issue being oversubscribed over 10 times. Although subscriptions were initially led by institutional and retail investors, high networ...

Team TC

Just Dial sees applications for 70% of IPO at end of day 2

Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has crossed the two-thirds mark with its initial public offer (IPO), registering applications for around 70 per cent of the issue on Tuesday. The IPO, which closes on Wednesday, will set the tone for investor app...

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...

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

HolidayIQ raises $5.5M from Tiger Global and Accel, demerges from Wego

Bangalore-based travel information and review portal HolidayIQ has demerged out of Singapore-based OTA Wego and raised fresh round of funding from existing investors Accel Partners and Tiger Global. It had merged with Wego in 2010. Though the stake holders did not comment on the quantum, a source pr...

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

CommonFloor raises Series B funding from Tiger Global, Accel India

Commonfloor.com, a real estate and apartment management portal, has raised an undisclosed amount in Series B funding from existing investor Accel India and new investor Tiger Global Management, a New York-based investment firm. The funds will be used for scaling the company’s presence across multi...

Sonam Gulati

Zovi hires former Microsoft exec as CEO

Bangalore-based private label online brand Zovi has appointed Microsoft Indonesia chief marketing and operations officer, Manish Chopra, as its new CEO. Chopra’s role at Zovi would be to focus on overall management of business and profitable growth and revenues. On his new role, Chopra commented, ...