Bengaluru-headquartered MyGubbi, a fast growing online home interior decor and furnishing startup has raised $2.7 million in pre-series A funding in a round led by the family office of Firoze Irani; Vipul Parekh, co-founder of BigBasket; Ananda Kallugadde, co-founder...
Foodetech startup EazyDiner has named Indian cricketer Yuvraj Singh as its brand ambassador and investor. EazyDiner was launched by one of the top food critics and Journalist, Vir Sanghvi along with India's top hoteliers and restaurateurs. All the nitty grittiest...
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...
Bengaluru-based travel tech startup Itilite has raised seed funding of an undisclosed amount from Matrix Partners and some angel investors. The software-as-a-service (SaaS) platform, which offers end-to-end corporate travel management solutions will use this latest funding to strengthen its technology...
When investors are treading carefully before making investments in startups in various countries, VCs are still bullish about China-based startups. This week, Chinese tech startups witnessed 35 funding deals of worth $1.03 billion, which speaks volumes about the startup ecosystem...
Bengaluru-based ecommerce platform Flipkart is all set to play a major role in payments space as it commits to infuse fresh round of $500 million into the payments platform Phonepe. A week ago, Singapore-based group entity, Flipkart Payments had announced...
Bitcoin startup Coinbase is in talks with investors on raising new round of funding at a valuation of more than $1 billion
Indian e-commerce major Flipkart is in talks with movie and event ticket booking platform BookMyShow for a strategic partnership to build out its services and transaction offering against Paytm. The online retailer wants to invest fresh capital into BookMyShow as well...
Alteria Capital Advisors LLP has received approval from the SEBI (Securities and Exchange Board of India) to float a Rs 1,000 crore venture debt fund. It is raising Rs 800 crore with a green-shoe option of another Rs 200...
What could be a biggest ever data breach in India, Reliance Jio users data has been leaked by a website magicapk.com. The site threw up data such as first and last name, e-mail id, mobile number, date of SIM...
Since its launch in April last year, the Unified Payments Interface (UPI) channel has shown an unprecedented growth. Last month, the aggregate volume of transactions through the UPI channel grew 85 per cent month-on-month (MoM) with 30.78 million of...
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...
Ride-hailing platform Lyft has raised  $1 billion in a funding round led by Google-parent firm Alphabet. CapitalG, which is an investment arm with Alphabet, is leading the investment and will join Lyft’s board, said a report. This will push...
Salon and spa discovery start-up Fabogo has raised $2.25 million from its existing investor Dunamis Ventures. This is the third round of investment for the platform. The company enables customers to discover local salons and spas, and allows them to...
Former SoftBank President Nikesh Arora, who was once considered heir to SoftBank empire, said the next market which holds great potential in the world, is India. "If China could be so successful with over a billion people then may be...
This week only nine startups received funding, out of which eight were disclosed, who in total made a sum of $74.09 million. Among them, BankBazaar raised the highest investment of $30 million, followed by RenewBuy which raised $9 million. Meanwhile, one...
Private equity firm KKR & Co. has raised $9.3 billion for its investments in Asia Pacific region, under fund name KKR Asian Fund III
The Reserve Bank of India (RBI) has directed companies and banks to make KYC (know-your-customer) compliant prepaid payment instruments (PPIs) -- mobile wallets, interoperable within the next six months. According to the new guidelines, all the PPIs will now be...
To adopt innovative technology-based solutions for its various businesses, Yes Bank has tied up with Fintech start-ups. The banking firm will now offer loans to students through these start-ups. It has partnered with Redcarpetup, Anytime Loans and FRS Labs...
Budget hotel aggregator OYO has raised around Rs 1600 crore ($250 mn) from its existing investor SoftBank and Hero Enterprise. However, the company’s did not disclose exact terms of the latest round. Gurugram-headquartered firm closed the investment at an estimated valuation...
Since the launch of Startup India in January 2016, Department of Industrial Policy and Promotion (DIPP) has recognised over 2,196 ventures and have eased the process of patent filing and credit availability for them. According to government data, there...
The principal financial institution SIDBI (Small Industries Development Bank of India), which aimed to aid the growth and development for micro, small and medium-scale enterprises (MSME) has invested an undisclosed amount in Gurugram-headquartered SaaS (Software-as-a-Service) platform FieldAssist. Earlier, FieldAssist had...
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...
Delhi-based Yepme, one of the oldest online fashion retailers, is on a cost-reduction spree. The company which changed its business strategy from online-only to online-cum-offline stores is now reducing its offline stores and has also shifted its warehouse from...
In an attempt to expand its reach in smaller cities and towns in India, Apple has decided to forge a local partnership with Reliance industries. Apple aims to harness Reliance’s telecom and retailing networks to take the American phone...
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...
Digital platform provider for short-term trade finance Vayana Network has raised $4 million from venture capital firms IDG Ventures India and Jungle Ventures. The firm recently parted ways with its parent company VPL. According to the CEO RN Iyer this...
The SoftBank-Uber deal, which was set to close the deal anytime soon, might not even happen. SoftBank CEO Masayoshi Son said on Monday he could still walk away, and perhaps even invest in Uber’s rival Lyft Inc. “Depending on the...
Explore Life Traveling, a travel-tech startup, has raised a seed round of around $500,000, reported VCCircle. The investors who participated in the round were Mekin Maheshwari, former head of engineering and chief people officer at Flipkart; former Yahoo and...
The millennium city Gurugram is all set to get a Centre for Innovation and Entrepreneurship (CIE), under state’s new startup policy, which is going to be unveiled during Digital Haryana Summit, a joint initiative of Government of Haryana &...
Barely a few months old, Paytm Mall, an ecommerce platform, is shifting from being an online marketplace-only model to an online-to-offline (O2O) commerce one
In a bid to encourage start-ups and entrepreneurship in the Northeast region primarily by offering support to the first-generation entrepreneurs, Indian government is considering over 60 proposals for start-ups in the zone, and will provide initial funds for such...
Bengaluru-based consumer leasing platform RentoMozo has secured $10 million in its series-B round of funding led by Bain Capital. Former Lending Club CEO Renauld Laplanche invested in personal capacity while existing investors of RentoMozo, Accel Partners and IDG Ventures also...
Google's subsidiary and world's largest online video community platform YouTube has launched its first pop-up space in India at Hyderabad. The three-day event from October 5 to 7 in Ramoji Film City will be focusing on integrating industry professionals and...
Apple Music has partnered with A R Rahman to set up 2 Mac Labs at the KM Music Conservatories (KMMC) based in Chennai and the upcoming campus in Mumbai founded by the Oscar-winning musician. The Mac Labs will teach students...
Global digital payments giant PayPal is all set to enter the payments space in India from next week, as per an ET report. PayPal, has established a local subsidiary to enter the Indian market. With this move, the US-based payments...
NearGroup, a speed dating app, has raised $1.6 million (Rs 10 crore) in a seed round led by Venture Capital firm OpenOcean. The investment round also saw participation from the other investors like Neotribe and Boost VC. After witnessing a...
Flipkart's former Chief Operating Office (COO) Nitin Seth has sent a legal notice to the company over the way in which he was ousted, said a report by ET. Seth has termed his ouster from the e-commerce giant as illegal...
Thrive Global, a well-being and productivity platform, has arrived in India. Huffington Post co-founder Arianna Huffington and Times Bridge, a division of the Times Group, formally launched Thrive Global in India on Thursday. Thrive Global, which wants to end the...
Lucknow is all set to get the biggest incubation centre in India under Uttar Pradesh startup policy, which will provide assistance and funding to new businesses and start-ups, reports TOI. The announcement comes from the Additional chief secretary, IT and electronics, Sanjeev...
Expanding its logistics footprint in India, Amazon has poured in Rs 400 crore more into its Indian logistics arm to expand its business operations, according to filings made by the company with the Registrar of Companies (RoC). The influx comes at...
Fireside Ventures has secured venture capital fund from some of Indias top businesses, including promoter Azim Premji's PremjiInvest, consumer goods maker Marico's Mariwalas and RP-Sanjiv Goenka Group
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...
Google in its latest biannual transparency report reveals that it has received more government requests for user data in the first half of this year than ever before. It also admits it's significantly underreported the number of non-US accounts...
This week 19 startups received funding, out of which 12 were disclosed, who in total made a sum of $221.21 million. Among them, Avendus Capital raised the highest investment of $152 million, followed by Netmeds which raised $14 million. Meanwhile,...
Bengaluru-based HalaPlay, a daily fantasy sports (DFS) platform has raised seed capital from Kae Capital and Nazara Games. Following the investment, Kae along with Mumbai-based Nazara will pick up a 32% in the gaming company. The platform plans to utilise...
Amazon appears to be upping its ante against arch-rivals with series of investments in different units. The Seattle-based company has invested $450 million (Rs 2,900 crore) into Amazon Seller Service. This is the largest capital infusion into its marketplace...
Chennai-based Freshworks seems to be on acquisition spree. After taking over seven new startups within 2 years, now it has acquired Joe Hukum, a platform that helps businesses to build their own chatbots. The company didn't disclose the amount involved...
Bengaluru-based Elanic, an online platform that allows users to sell their used clothes online has secured an investment from Tokyo-based incubator and venture capital investor Digital Garage. The VC firm which is an early investor in Twitter didn't disclose the...
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...

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