Business tycoon Ratan Tata's investment arm RNT Associates, which focuses on early stage and startup investments, has been under Enforcement Directorate (ED) radar over its offshore investment portfolio. The law and economic intelligence agency - Enforcement Department (ED) - has sought information...
Business models in the online real-estate segment are largely dependent on advertising and lead generation, but NoBroker is an exception. Unlike others, the Bengaluru-based startup offers a subscription model for tenants as well as owners. Gradually, the model seems...
This week 13 startups received funding, of which 10 received a total sum of about $269 million. Among them, Swiggy raised the highest investment of $210 million, followed by IndiQube which raised about $15 million. Meanwhile, funding for three of the...
Search engine behemoth Google-owned video sharing service Youtube has come up with new features to help creators make more money on the platform. The video-sharing platform would allow Youtube channel owners to offer monthly subscription at $5 to see exclusive...
Online two-wheeler rental service platform Wicked Ride has raised Rs 61.67 crore (around $9.1 million at current exchange rates) in a fresh funding round from Sequoia Capital and Accel Partners. According to the company's filing with the Ministry of Corporate...
Branded hotel-chain OYO, has gunned for a massive opportunity in co-living spaces. Previously, it had been exploring many complimentary verticals such as banquet halls and holiday stays. The Softbank-backed company has kicked-off operations with two properties in Sector 57 and...
Instagram is gradually moving towards monetisation. It has been integrating new products and features for the past several months. After including shoppable tags and payment, along with new formats of telling ‘Stories’, the Facebook-owned application has now launched the...
Earlier in May, capital markets veteran Prithvi Haldea had submitted a recommendations report to SEBI. The Securities and Exchange Board of India (SEBI) has tweaked the IPO norms allowing firms to announce the price band two days before an offering....
Smartphones are not only hazardous to health but can also prove to be fatal. Nazrin Hassan, the CEO of a Malaysian government-owned company, Cradle Fund, has been the latest victim who has lost his life due to a smartphone explosion. Two...
Last month, when Xiaomi filed for an initial public offering in Hong Kong, it expected to raise around $10 billion that would increase its value to a high of $100 billion. In a month’s time, however, the scenario has completely...
Nothing fuels budding entrepreneurs and start-ups more than acquiring the status of a Unicorn -  startups valued at over $1 Billion. Most of the startups reaching the Unicorn status are located in US and China. India, however, is gradually catching...
Uber’s marketing and support services entity in India, Uber India Systems, has reported a 10 per cent increase in revenue from Rs 374 crore in FY16 to Rs 410 crore in the fiscal year 2016-2017. Comparing this to its...
Flipkart is planning to launch a loyalty programme tentatively named ‘Lock-In’ to attract and retain frequent buyers. The programme is slated to bundle a slew of prime services including free and faster deliveries as well as early access to...
Swiggy is on a roll. Within four months of raising $100 million, the food delivery major has scooped up $210 million in a Series G round from Naspers, DST Global, Coatue Management and Meituan-Dianping. US-based hedge fund Coatue Management has...
If you thought it would be that easy for a multi-billion company like Walmart to acquire Flipkart, you underestimated the size of the $16 billion deal. It appears that Walmart bit more than it can chew. The Arkansas-headquartered multinational retail...
Are you part of a Facebook group, that you like visiting too often for its free offerings? If yes, then cherish it because the next time you might want to access the group, it won't be available for free. Facebook...
Fintech startup Drip Capital has raised $15 million in the Series A round co-led by Sequoia Capital, Accel Partners, and Wing VC. Existing investor Y Combinator also participated in the round. With the fresh funds, Drip Capital will primarily focus on...
FreeCharge is no more a startup or a Snapdeal-owned company. Now, FreeCharge has been acquired by Axis Bank. It's financial figures, however, have to be reported, as they were prior to the acquisition. Previously hailed as Snapdeal's crowning gem, it had...
5G is one of the hottest buzzwords in India, after Artificial Intelligence and Blockchain. While the country is mulling over 3G and 4G technology and its proper implementation, telecom major like state-owned BSNL is planning to launch 5G in...
Has cash made the resurgence in India post demonetisation? A numerical reference point of the Reserve Bank of India (RBI) regarding the quantum of financial transactions done on automated teller machines (ATMs), affirms so. In April, cash transactions from ATMs rose 22...
To weed out fake news and support authoritative journalism, Google has launched Google News Initiative which will train 8,000 journalists in the next one year. The initiative will equip journos with best-in-class skills required to debunk fake news. Google India will...
It appears online e-commerce platform Amazon plans to leave no-stone-unturned when it comes to fighting their rival, Flipkart. After fighting the price war, the international major is now fighting against the Indian major on sellers’ front as well. The Seattle-headquartered...
Micro-lending platforms are a steady success in India. Mumbai-based digital lending platform SMECorner has secured $7 million in a mixed round of equity and debt from Capital First, existing investor Accion Ventures, and a clutch of high net worth...
With the rising number of startups in India, the business of shared workspaces is emerging, despite being an eluding one. Many established (and early) startups or even MNCs are spotted inside swanky properties of WeWork, CoWork, Innov8, Investopad, and...
Online products rental marketplace RentSher, has raised $1.1 million in the latest funding round led by venture capital funds of Abu Dhabi-based Shorooq Investments and Dubai-based Latitude Consultants. The Bengaluru-based startup also saw participation from angel investors of the LetsVenture...
Blockchain and Artificial Intelligence (AI) are priorities for the central government and its think-tank agency, Niti Aayog. After submitting a policy paper on AI, the commission is working on frameworks for IndiaChain - a blockchain based ecosystem promoted by...
Concern around data has been continuously increasing. The recent case of the Cambridge Analytica scandal confirmed the importance of data and how it can be used to influence elections. Of various countries, India was also on the list where the...
Delhi-based Cube26 had raised a mind-boggling - Rs 50 crore in seed funding from Tiger Global and Flipkart; but then faded away. Recently, however, it has been acquired by payments major Paytm. Cube26 is now a part of the Alibaba-backed...
After a series of cases of data theft, Aadhaar’s parent body Unique Identification Authority of India (UIDAI) came up with a solution - virtual ID- to address the privacy concern. Now, UIDAI is persisting to implement the application of...
Co-working spaces have always been an eluding business model for many. Nevertheless, indigenous startups in this segment are attempting to find out the gold on the back of fledgeling startup culture in this country. One such startup is Y...
Workspace solutions provider IndiQube has raised $15 million Series A round led by WestBridge Capital. The latest funding round also saw participation by Ashish Gupta, co-founder of Helion Ventures. With the fresh capital infusion, the Bengaluru-based co-working startup is looking...
Payments major Paytm that had launched the in-app messaging service 'Inbox' last year has now integrated a slew of daily engagement services such as live television, news, cricket, entertainment videos, and games to users within the messaging premise. As of...
San Francisco-headquartered ride-hailing company Uber, one of the major players in India, is in no mood to reduce the investment in the country and bear a fall in its growth graph. It has once again repeated the claim. The company’s...
Cashify, which runs an online platform to sell used gadgets has raised funds from Chinese re-commerce giant AiHuiShou who also joined the Gurugram-based startup as a strategic investor and partner for global expansion. The quantum of the deal couldn't be...
Withdrawal of input tax credit (ITC) from restaurants and reduction of GST on dining have caused things to go haywire for them. After the GST implementation, the tax rates for restaurants were increased to 18 per cent (AC restaurant) and...
To ramp up its fintech offerings, digital payments firm MobiKwik has invested Rs 2 crore in Pivotchain Solutions, a Pune-based data science company. This is the first-ever investment for Mobikwik in a data science company after it announced its foray...
Conflicts over trademark infringements have been turning out to be a common grounds between startups and traditional companies. After Metro Shoes allegations over Flipkart for violating trademark rights, BigBasket is facing court proceedings for infringing ‘Royal’ trademark owned by...
A government panel constituted to provide a roadmap for 5G deployment has recommended government to release spectrum early and set up research and development (R&D) labs to showcase the potential of the technology. The panel suggested that the government announce...
Our reportage on WhatsApp UPI and its mass launch has been denied by Whatsapp. In a statement to Medianama WhatsApp said that the UPI feature is still in beta and testing period and not available for all Indian users....
Pushing for the use of government-backed Rupay card, India's Prime Minister Narendra Modi appealed to the citizens of the country to serve the nation by using Rupay debit/credit cards. Everyone cannot go to the border for the security of the...
This week 12 startups received funding, of which 11 received a total sum of about $62 million. Among them, Aye Finance raised the highest investment of $22 million, followed by CredAble which raised about $14.8 million. Meanwhile, funding for one...
Last year, US-based video streaming platforms, Amazon Prime Video and Netflix extended their battle to the Indian market. They made an announcement to set aside Rs 2,000 crore each for acquiring content to attract subscribers. Besides, Amazon Prime Video and...
To curb rising cases of women passengers' harassment, the government is planning to give women an option to allow them to choose their co-passengers while travelling in ride-hailing firms such as Ola and Uber. Last week, Union Minister for Women...
Finally, WhatsApp seems to have launched its UPI feature for mass users. Over the past few days, the instant messaging app has been allowing users to send an invite to friends on iOS and Android powered phones. Entrackr has...
Online home interiors marketplace HomeLane has raised Rs 24 crore in a fresh round of funding from Brand Capital--the strategic investment arm of the media company Bennett, Coleman, and Co. Ltd (the Times Group). This is the second funding round...
Cryptocurrency may become legal in India. The government which was hell-bent on banning cryptocurrencies such as Bitcoins in the country may allow its use with some conditions, according to reports in media. The reports added that a panel formed by...
Mutual funds investment platform Nivesh.com has raised Rs 3 crore in a seed round of funding through LetsVenture. Google India MD – Rajan Anandan and former Infosys Global Sales Head - Basab Pradhan are among the major angel investors...
Reliance Industries Limited (RIL) chairman Mukesh Ambani has a knack for identifying an opportunity and disrupting it. He did it with telecom when it launched Reliance Jio. Now, he has his eyes set on an e-commerce opportunity. Ambani is planning...
Amazon India has launched Seller Lending Network--a marketplace platform where sellers can choose from competitive rates and loan offers options from third-party lenders. Further scaling its Seller Lending programme launched in 2016, India will be the first country for Amazon...
To accelerate its attempt to provide Internet to underserved sections, social networking behemoth Facebook will be aggressively rolling out its Express Wi-Fi services in coming six months. Express Wi-Fi, which was started in May last year in India, partners with...

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