Amid the talk of online marketplace Snapdeal potential sale to Flipkart, many senior executives had recently quit the company
After gaining 80 percent stake in digital payment platform ItzCash, US-based software firm Ebix has decided to pump in more investments in the Indian market. The US-based firm has pledged a fund of $100 million to make more investments...
Hospitality and resort management startup V Resorts (Bliss Inns Pvt Ltd.) has raised $4 million funds from Mumbai based Seedfund and Singapore based RB Investments. The fresh funding will be spent on company’s expansion in India as well as abroad. V...
Flipkart owned UPI-based payment platform PhonePe plans to go for offline payment solution. The development was first reported by VCCirlce. PhonePe is now being used as a payment option at over 2,600 Apollo Pharmacy stores and all Barista outlets in...
Almost eight years after it was first launched as a payment platform, Paytm on Tuesday launched its payment bank digitally on its mobile app, starting in beta mode on iOS. Though it was available to limited users. "Paytm Payments Bank...
BigBasket continues to be an interesting investee. This time, online marketplace Paytm Mall is likely to invest $200 million in the Bengaluru-based grocery firm for a significant minority stake, according to the ET report. Earlier, online e-commerce major Amazon had shown...
Aye Finance, a Gurugram-based finance start-up, has raised Rs 10 crore by selling a part of its SME loan portfolio under a securitisation deal to Mahindra & Mahindra Financial Services. Through this deal, which was facilitated by IFMR Capital, Aye...
To help e-commerce marketplace Flipkart maintain its leadership positing against its rival Amazon in India, Softbank Vision Fund is planning to pour in $2 billion into the home-grown e-tailer. Half of the funding will go to Tiger Global Management, which...
Amazon seems to have big plans as far as logistics is concerned. The Jeff bezos-led company is expanding logistics service to its registered sellers, who are also selling on other e-commerce platforms. Besides this, it also has plans to get...
In the ever growing market of mobile and technology, digital transformation will continue to drive increase in numbers of internet users, video traffic and networked devices in India.
This week 19 startups received funding, out of which eight were disclosed, who in total made a sum of $73.29 million. Among them MobiKwik was the highest, which raised $35.32 million from Bajaj Finance, followed by PlasmaGen BioSciences, which...
After Awfis secured mega round of $20 million, Bengaluru based BHIVE Workspace has raised $1.2 million in a fresh round led by Blume Ventures
Agriculture supply-chain startup, Crofarm has raised Rs 5 crore in a pre-Series A round led by Factor Ventures and angel investors - Rajan Anandan, Google India MD, and Jitendra Gupta, PayU India MD among others. The round was syndicated through LetsVenture. Crofarm...
The board of Paytm Payments Bank, which was launched in May has approved a Rs 60 crore rights issue for its existing shareholders, including its founder Vijay Shekhar Sharma, as per documents filed with Registrar of Companies (RoC). Company's founder...
Bengaluru-based online wholesale marketplace for food and groceries Jumbotail has rasied $8.5 million in series A round led by Kalaari Capital and existing investors Nexus Venture Partners. Nexus Venture Partners had earlier invested $2 million in the company. Founded by Stanford...
Flipkart has announced an investment — a mix of primary and secondary capital — from SoftBank Vision Fund. This is the biggest ever private investment in an Indian technology company, and will make the Vision Fund one of the...
In its aggressive push in Indian market, Advertising firm Dentsu Aegis Network has acquired Pune-based digital marketing agency Sokrati in estimated Rs 800 crore deal. Post acquisition, the advertising firm will rebrand its search and customer relation marketing firm Merkle...
Delhi-NCR-based EM3 AgriServices Pvt Ltd has raised $10 million in its series B round led by Global Innovation Fund, while existing investors Soros Development Fund and Aspada Investment also participated in it. EM3 AgriServices, which provides pay-per-use agricultural machines and...
The Snapdeal-Flipkart merger, which has been pending for some months, seems to have taken a new turn. Snapdeal’s largest investor SoftBank has threatened to walk out of the deal. According to a TOI report, as the standoff among investors continues,...
Just Buy Live, a Mumbai-based e-distributor that connects local retailers with manufacturers has raised $100 million in Series-B round of from Ali Cloud Investment, a Dubai-based boutique investment firm. The firm, founded in 2015 by Sahil Sani and Bharat Balachandran,...
Cab aggregator Ola has raised $50 million (Approx Rs 322 cr) funding from NY hedge fund Tekne Capital Management. The recent funding from Tekne Capital takes Ola’s total capital raised to date to about $2.4 billion.
To boost the startup ecosystem in India, Minister of Commerce and Industry Nirmala Sitharaman has suggested a new measure. She has written a letter to members of parliament (MPs) and urged them to utilize Member of Parliament Local Area Development...
Taking a leaf out of leading private broadcasters’ book such as Star India which runs video over-the-top (OTT) platform Hotstar and Viacom18’s Voot, public broadcaster Prasar Bharati is drafting a plan to foray into digital broadcast to revamp its...
Digital Media firm ValueFirst has acquired Octane, a marketing technology firm based out of New Delhi. It was a cash-and-stock deal, however the amount involved in the deal remains undisclosed. According to the company statement, Valuefirst will keep the Octane...
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...
Stockal Software Private Ltd, an app based investment advisory service, has raised $350,000 from its existing investors. This is the second round of funding for the Bengaluru based company, reported VCCircle.
After hiring a large number of people in US, Amazon is now looking to hire over 12,00 professionals in India. The hiring will serve majorly to research and development (R&D) for the company's divisions, including Amazon.com, Amazon.in, the devices business,...
Chinese investors are very much interested in the India start-ups stories and would like to explore it further, said CEO of Oddup, a startup rating firm. Oddup’s co-founder James Giancotti also spoke about his outlook for Indian startups, the country’s...
Bollywood superstar Hrithik Roshan has signed an endorsement deal with healthtech startup Cure.fit. He will also be the brand ambassador of the company, which roped in one of the largest investment by any Indian startup. In the five-year contract, the...
Internet companies are rushing to name Bollywood stars as their brand ambassadors. Now, online food delivery company Foodpanda has named Shah Rukh Khan as its brand ambassador
Cab-hailing behemoth Uber has completed 500 million (50 crore) trips in India since its launch four years ago. The San Francisco-based company has given India-specific figure for the very first time. Uber said it has registered double digit growth...
Just imagine a world where you could Google about your family well-being, and be there for them virtually and practically. This is the idea behind the predictive health care startup Touchkin, which has raised $1.3 million from Kae Capital and a...
Ecommerce platform Paytm’s new avatar Paytm Mall has launched Campus Icon, a programme which avails Industry-focussed learning to college students. As a part of this six-week programme, student participants will be assigned variety of tasks that would enhance their...
The online marketplace Snapdeal continues to remain in news, thanks to the pace of development happening within the company. After e-commerce (Snapdeal) and fintech (Freecharge), Snapdeal’s logistics arm Vulcan Express has got some interested buyers – express distribution and supply-chain...
The Department of Industrial Policy and Promotion (DIPP) is planning to channelize the fund which was announced by the Prime Minister as part of the Startup India action plan in January 2016, as credit guarantee for budding entrepreneurs. In an...
Chennai-based Non-Banking Financial Company (NBFC) Five Star Business Finance Limited, specialised ticket business and housing loans, has raised fresh funds in its Series C round led by Norwest Venture Partners and Sequoia Capital. The funding round in which Five Star...
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,...
E-commerce-focused logistics solutions provider Ecom Express has raised Rs 192 crore from existing investor Warburg Pincus, an affiliate of global private equity firm. The investment was made through the private equity firm's unit Eaglebay Investment. According to documents with the registrar...
After inking deal with Shah Rukh Khan’s production company Red Chillies Entertainment, Netflix has now announced new original series - 'Selection Day' and 'Again' from India. While Selection Day will be  based on Aravind Adiga's novel, ‘Again’ will be...
Xiaomi is going to redefine the Indian market with a steep revenue of $2 billion it plans to generate this year, twice the amount from 2016. The growth is a result of rise in smartphone sales and brand expansion in the...
Mumbai-based on-demand physical storage solutions provider BoxMySpace, which uses technology to enable clutter free homes and office, has raised funds in a pre-Series A round from existing and a clutch of investors. The funding was led by R Jayakumar, founder...
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...
In its seventh investment in start-ups, Digital commerce and payments company Paytm has invested an undisclosed amount in mobile loyalty and data analytics firm MobiQuest Mobile Technologies. The move will help the SoftBank and Alibaba-backed Paytm’s merchant partners leverage MobiQuest’s...
In a bid to reach out to more companies in upcoming months, Tech focussed VC firm IDG Ventures, Unilever Ventures and Amazon Internet Services Pvt. Ltd (AISPL) join hands to invest in early stage start-ups in the field of technology.
Boxx.ai, a Bengaluru based startup run by AIBoxx Solutions Pvt. Ltd, has raised $500k from Unicorn India Ventures and a group of angel investors including Venky Krishnakumar, Suresh Shankar and Vivek Bhargava.
Amazon has been challenging home-grown e-commerce companies on every aspect of the business. Besides its recent investment in seller service and wholesale unit, the company has infused Rs 130 crore into its payments entity, Amazon Pay India, according to...
After launching UPI-integrated payment system in November 2016 for PayU users only, the company has now included Citrus Pay in the bandwagon by integrating the acquired entity with the government regulated payment platform. The Nasper-owned payment gateway service provider, along with...
Caller ID service platform Truecaller has announced that it is slated to introduce a slew of new features such as Number Scanner, Scan & Pay and Fast Track numbers on its platform. Truecaller’s Number Scanner will allow users to scan...
Two years later, Tiger Global Management, the New York-based hedge fund, is planning to pump in more investments in one of its portfolio company Inshorts. The Tiger Fund is in advanced talks to lead a $10-15-million round of funding...
Flipkart is in talks with a clutch of digital lending startups to offer financial products

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