Nasdaq-listed online travel company Yatra has raised Rs 100 crore from Singapore’s Temasek-backed InnoVen Capital, which is India’s largest venture debt transaction to date. The Singapore and Mumbai-based venture firm offers multiple debt capital solutions, including venture debt, acquisition finance, growth...
US President Donald Trump's daughter and adviser Ivanka Trump met Indian External Affairs Minister Sushma Swaraj at UN General Assembly session and discussed women entrepreneurship and workforce development in the two countries. "We had a great discussion on women's...
Cash burning is not a metric for e-commerce companies and investors do not worry about it, according to Flipkart’s chief executive officer (CEO), Kalyan Krishnamurthy. “We are comfortable on the burn that we have today. Burn is not a metric...
Online sports gaming platform GamingMonk has raised an undisclosed amount of funding from Noida based VC firm AdvantEdge Capital Partners. The gaming startup, which was selected as a part of AdvantEdge’s 6-month long incubation program, will use the fresh capital...
Mumbai-based Pepperfry, a furniture and home furnishing marketplace, is planning to explore furniture rental space as it aims to strengthen volumes and increase its customer base, according to an ET report. The company plans to first introduce the rental service...
Hyderabad-based Fintech startup HighRadius has secured $50 million funding from Susquehanna Growth Equity. Atlas Technology Group acted as a financial advisor to HighRadius in this transaction. In conjunction with the investment, Amir Goldman and Ben Weinberg from Susquehanna Growth Equity...
SaaS-based staff communication platform Noticeboard has raised an undisclosed amount of funding from former Myntra CTO Shamik Sharma and TaxiForSure founder Aprameya Radhakrishna. Following the investment round, Sharma and Radhakrishna will join the company as advisors. The duo will help Noticeboard...
Palo Alto and Bengaluru-based Minio, an open source object storage provider, has raised $20 million in its Series A round from several investors. The round was jointly led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners. Intel...
Leading business groups in India are making plans to foray into, what could be billion-dollar market in a decade, battery manufacturing, and battery pack assembly. Reliance Industries is aggressive and looking to set-up a factory that would produce Lithius-Ion (Li-Ion)...
Delhi-based MamaEarth, an online baby care products startup, has raised $1 million from existing investors Fireside Ventures, along with other VC's. The startup would spend the money for offline expansion, customer acquisition and executing a range of 15 innovative baby...
In an order that could have broad inferences on the start-up ecosystem in India, a Division Bench of the National Company Law Tribunal (NCLT) in Chennai has ordered the initiation of corporate insolvency resolution process against Inasra Technologies Private...
Gurugram-based Power2SME, a B2B online buying club for small and medium enterprises, which helps them to buy raw materials at bulk prices, has raised an additional $36 million funding in a Series E round from its existing investors Inventus...
Chennai-based Freshworks Technologies has announced the launch of a consumer messaging platform Freshchat to help businesses capture more leads and drive sales. Freshchat will enable businesses to target visitors with contextual messages to increase engagement and thereby conversions. Once the...
India's second most valuable startup and Alibaba-backed Paytm is in talks to acquire Via.com, a Bengaluru-based travel booking site. According to a TOI report, the home-grown e-commerce-cum-payment platform Paytm, which raised $1.4 billion from SoftBank in May, has held preliminary...
After winning last year’s make-or-break Diwali sale battle, Indian e-commerce giant Flipkart is planning to add a large number of new customers and extend its lead over arch-rival Amazon for the coming Big Billion Days. The Big Billion Sale, which...
Looks like Zomato has upped its ante in the online food ordering space. Gurugram-based foodtech behemoth has announced a commission-free campaign for its restaurant partners and declared that it has turned profitable in throughout the 24 countries where it operates. The...
What if whatever you communicate through messaging app is read by the government of app origin. What would be your concern? Those private messages, which you thought would have end-to-end privacy encryption on the platform, right? Well, then you...
Three years ago, I met an Ola driver. During the ride, being an inquisitive journalist, I began a conversation with him and started enquiring about “how he was holding up the new mobile-based business”. Amidst the pleasant conversation, the driver...
Airtel Payments Bank has become the first payments bank in India to integrate the UPI(Unified Payment Interface) on its digital platform after National Payments Corporation of India (NPCI) onboard them on its platform on Sunday. The company, which is aiming at...
Deepak Gulati, who had joined Zomato as a chief operating officer some months ago has resigned from online restaurant discovery and food ordering platform. He, however, will remain as a member of Board of Advisors. "While Gulati recommended and put...
Gurgaon-based mom and baby care consumer goods startup The Moms Co. has raised $1 million (Rs. 6.5cr) in Series A funding round led by DSG Consumer Partners and Saama Capital. The company will deploy fund towards reaching 15,000 moms...
Chennai-based rural e-commerce startup Boonbox has raised an undisclosed amount of funding from a group of investors including Keiretsu Forum and existing investors Indian Angel Network. Boonbox, an e-commerce venture of Inthree, had secured an initial funding from Indian Angel...
This week 19 startups received funding, out of which 11 were disclosed, who in total made a sum of $242.01 million. Among them Janalakshmi Financial raised highest investment of $161 million, followed by Ecom Express, which raised about $30...
There are not as many stories around that can inspire entrepreneurs globally as a story of Son brothers from Japan, who after proving their mettle in tech and startup industry, are betting big in Indian market. Coming from a humble...
Government push for electric vehicle (EVs) is gaining momentum as Maruti’s Japanese parent Suzuki Motor plans to make electric cars at its factory in Gujarat. Suzuki will use India as a key global manufacturing base for selling electric vehicle...
Amidst the time, when IT industry is struggling to create new jobs, Internet of Things (IoT) is expected to create 10-15 million jobs in the economy, according to telecom secretary Aruna Sundararajan. Addressing a news conference at the IoT...
Delhi-based co-working startup Creator’s Gurukul has got an undisclosed amount of funding from consortium of investors. The startup was in news since its partnership with Indian cricket icon Yuvraj Singh. The investors who took part in the deal include Rohit...
Amazon appears to be betting big on India. Besides, ramping up its online retail play, the online retail behemoth is planning to set-up its secretive consumer devices development centre - Lab126 in Mumbai. The San Francisco-based arm is a...
When the world is debating the rise in adoption of artificial intelligence (AI) and its consequences, India has formed a "policy group" to study the new technologies and recommended a framework for its adoption, according to IT industry body Nasscom. "We...
Edtech startup XPrep has raised an undisclosed amount of funding led by Netherland-based venture fund Rising Stars. The Delhi-based tutor-enabled startup also saw participation from Manish Amin, Pallav Pandey (Co-founder Knowlarity, Broex), Chavi Jafa (Head-Business Solutions, S. Asia, Visa) and...
If you think that the new age dating apps like Tinder and Woo will change the way people in India think and get to profitability, think again as matrimony still rule the Indian market. The best example is Matrimony.com,...
"Digital currency is only fit for use by drug dealers, murderers and people living in places such as Venezuela, Ecuador and North Korea,” said Jamie Dimon, chairman, president and chief executive office of JP Morgan. He was speaking at a...
Lodha Group, in partnership with Zone Startups India (ZSI), the accelerator operated by Toronto-based Ryerson Futures has launched an unique program Palava Accelerator. Lodha Group will be investing in Palava Accelerator from its flagship Startup Investment Fund for Real Estate and...
YES BANK, India’s fifth largest private sector bank, is calling for applications from Fintech startups across the world for the second cohort of its Accelerator Program YES FINTECH. The bank has created a network of more than 20 global startup ecosystems...
Google is all set to make an entry into crowded payment space with its own payment product Google ‘Tez’ on September 18. According to a report by The Ken, it is likely to be as similar as company’s global...
The Kerala government is planning to create a fund-of-funds for startups and will also roll out invitations to investors to support young companies from the state. The target is to create a corpus of Rs 500 crore for Kerala-based...
Online motorbike rental aggregator Wheelstreet, which was a part of the Y Combinator Summer 2017 cohort, is reported to have raised $120K from the US-based seed accelerator. The Bengaluru-based startup will deploy the proceeds to develop its technology. Incorporated in 2014 by...
Online learning platform Unacademy has raised $11.5 million in a Series B financing led by Sequoia Capital India and SAIF Partners. Existing investors Nexus Venture Partners, Blume Ventures and a few angels also participated in the round. The Bengaluru-based company...
The Internet of Things (IOT) platform market is expected to hit $1.6 billion by 2020 globally, growing at a rate of 35 per cent year-on-year, according to a Verizon report. The State of the Market: Internet of Things 2017 report...
Bengaluru-based GlowRoad, a women-centric C2C (customer-to-customer) reseller network, has raised $2 million in its Series-A funding round from Accel Partners. Claimed to be India’s largest reseller network operating in the C2C business domain, the startup will use the proceeds to...
After raising $250 million from Softbank Vision Fund, budget hotel platform OYO Rooms has secured $10 million strategic investment from multi-billion dollar hotel management firm China Lodging. According to media reports, China Lodging has picked-up less than 5 percent...
Online restaurant discovery and food delivery company Zomato has acquired hyperlocal logistics startup Runnr (Carthero Technologies Pvt. Ltd) in all stock deal. As per an ET report, Runnr co-founder and CEO Mohit Kumar and the rest of the founding team...
Flipkart's UPI-based payment platform PhonePe has claimed to surpass the government's Bharat Interface for Mobile or BHIM app with a 45 percent share of the total transactions processed in August. According to an ET report, PhonePe witnessed 2X surge...
Mumbai-based early stage investor Kae Capital has closed its second fund with a corpus of $53 million, exceeding the initial target of $40 million. The VC firm got the backing of some of the country's top entrepreneurs and global Fortune...
After four years of operation in India, self-drive car rental company Zoomcar is now planning to explore other Asian and African markets. “We have conducted an in-depth research and have a decent sense of market knowledge in Asia and...
Are you someone who is big on the latest technology? Someone who likes to experiment with new features like augmented reality?  Someone who does not mind paying extra bucks for premium technology? Someone who likes all the best features...
Finova Capital, a non-banking financial company, has raised an undisclosed amount in a Series A round from Sequoia Capital India Advisors. This is the first external round of funding in the company, which started off the business with a capital...
Taking on the road minister Nitin Gadkari claims to bulldoze automobile industry to pave way for pollution free electric vehicles (EVs), Maruti Suzuki chairman RC Bhargava said that the government can’t kill the industry. “Mr Gadkari and the government are...
North Korea is resorting to other illegal methods to sustain the loss, owing to tightening sanctions. According to security experts, in order to obtain funds and keep the economy afloat, Pyongyang is stealing bitcoins through cyber-attacks on South Korea....
In a major push towards digitisation SBI, the largest bank of India is going to enable its customers to make payments by tapping their smartphones on swipe machines through SBI card app. SBI is using a technology called ‘Host Card...

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