This week 12 startups received funding, out of which 11 were disclosed, which in total received a sum of about $120 million. Among them, Udaan raised the highest investment of $50 million, followed by FourKites, who raised $35 million. Meanwhile,...
In the past one year, platforms offering over-the-top (OTT) content have grown substantially in India. Hotstar, Voot, Amazon Prime Video, Sony Liv, and Netflix are the top OTT platforms in the country. In the list, Netflix has the most curious...
Telecom company Bharti Airtel in collaboration with Chinese telecom gear maker Huawei have conducted the first 5G trial test in India. The next generation networks test was done at Airtel’s Network Experience Centre in Manesar, Gurugram. The setup installed by the companies involved...
The present scenario seems to be a vicious circle for the serial entrepreneur and investor Mahesh Murthy. After a series of allegations and FIR's as well as formal arrest by Mumbai police, the popular and maverick angel investor has...
Farmers are the fulcrum of the agriculture sector in India. But too often the absence of an efficient supply chain stands as a hurdle for farmers to get the right income for their produce and hard work. The agriculture sector,...
The Supreme Court has turned down the plea by a senior lawyer seeking an extension of a deadline for linking Aadhaar to other services beyond March. Earlier, the government had extended the deadline for linking of the unique biometric identification...
Planys Technologies, a startup that provides underwater robotic inspection and survey services using robots, is raising a Rs 14 Cr Series A round, according to regulatory fillings.  The submersible startup has received Rs 6.78 Cr of the total investment from...
Online video streaming service Netflix has announced a slate of three new Indian original series, across genres and themes, namely Ghoul, Leila, and Crocodile. The newly announced series will join a larger slate of original productions out of India including...
The Yogi Adityanath-led Uttar Pradesh government has kicked off the Internet connection plan in the state with temples. The government is building a website where it plans to provide all the information on 150 temples in Varanasi. The details include Google...
The battle between Alibaba and Tencent for grabbing a major slice of the fledgling Internet market in India gradually stretching to several segments. After placing their bets against each other in online food ordering segment, they are now considering...
The government has roped in Infosys co-founder and tech billionaire Nandan Nilekani to help them in developing IT infrastructure for the National Health Protection Scheme (NHPS), which seeks to cover 10-crore families. The IT infrastructure for the health care will...
With Paytm entering into banking, wealth management, lending to insurance and probably lending business, the company requires to plug-in several ancillary verticals (by developing itself or acquisition) to keep users hooked. In such an attempt, Paytm is now planning to develop...
Picking up a strategic stake in brands with substantial offline presence are gradually becoming emerging trend for large and mid-size e-commerce companies. After Amazon investment in brick & mortar retailer Shoppers Stop, largest fashion e-tailer Myntra and Flipkart are said...
Shared-living space provider CoLive has raised Rs 12 crores in its latest funding round led by Ncubate Capital Partners, a private investment arm of SAR Group Family Office. The technology-driven platform for rentable branded and serviced homes will deploy the...
Punjab National Bank (PNB), which was under stress over $1.77 billion Nirav Modi’s fraud, has reported a massive data breach. Sensitive information of as many as 10,000 debit and credit cards, which includes names, expiry dates, personal identification numbers...
The Bengaluru’s HeliTaxii service is all set to kick-off its operations in Bengaluru from the next week. Operated by Thumby Aviation, the chopper service will fly passengers from Kempegowda International Airport (KIA) to Electronics City, Phase 1 and to...
Consumption of online videos has registered five-fold growth over the past one year in India. Unlike past (during 2012-16) when short format videos used to attract more eyeballs, viewership of long-form videos (exceeding 20 minutes) had driven 96 per...
FourKites, a platform that tracks freight shipments, has raised $35 million in Series B round led by August Capital. The existing investors such as Bain Capital Ventures and Hyde Park Ventures also participated in the round. The platform will use the...
With probable pullout from Southeast Asia region, Uber's bets on various continents and geographies have gone haywire. After bowing to Didi Chuxing in China, the global poster child of app-based cab-hailing surrendered to Yandex in Russia. The Dara Khosrowshahi-led company...
It seems like Bessemer Venture Partners (BVP) doesn’t have any plan to wind-up its operations in India. Almost a month ago, speculations surfaced that the VC firm is losing interest in Indian unit and may halt operations. Meanwhile, Bessemer has said...
Gurgaon-based home rental startup FastFox has raised Rs 10 crore from Lightspeed, Blume Ventures and others in a Series A1 round. One of its co-founders Pallav Pandey has also contributed Rs 1.93 crore in the fresh round. In 2016, FastFox had...
Digital wallet companies are worried. Strict government regulations are set to throw them out of the business. The new challenge for digital wallets has come in the form of know-your-customer (KYC). The Reserve Bank of India (RBI) had set...
After having a decade-long stint at Sequoia Capital India, Gautam Mago had resigned from the Silicon Valley-based venture capital firm in December last year. Following his resignation, Mago also had to move from the board of the VC's portfolio...
Hyperlocal logistics service Grab.in has raised Rs 9 crore from the Maharashtra State Social Venture Fund which is managed by SIDBI Venture Capital. Formerly Grab a Grub, the last mile delivery startup has allotted 10 equity shares of Rs 10...
Cloud-based software solutions startup Capillary Technologies has raised around $20 million from existing investors including marquee private equity firm, Warburg Pincus and Sequoia Capital. According to Aneesh Reddy, Co-founder, and CEO, Capillary Technologies, the fresh proceeds will be predominantly used...
The NDA-led government in India has been heralding Digital India and Startup India programmes as its major achievements. However, state of Internet speed in the country is not improving and it remains to have the slowest in contrast to...
Reliance Industries is investing $48.75 million in film and entertainment company Eros International for 5 per cent stake. Following the deal, Eros International is issuing 3.25 million shares to Reliance Industries at $15 per share. The deal is expected to...
Amid tussle between the leading telecom service providers in India, Mukesh Ambani-controlled Reliance Jio sneaks into Fast Company's world’s 50 Most Innovative Companies for 2018. American business magazine who released its annual report has given 17th rank to one of the...
The e-commerce market in India is slated to grow around 17 per cent in gross merchandise value and will be worth $38.5 billion by FY18, according to IT industry body NASSCOM. However, the report contradicts the ASSOCHAM and Deloitte joint...
Reliance Industries Limited (RIL) Chairman Mukesh Ambani has announced to invest Rs. 10,000 crore in Uttar Pradesh over the next three years. “Jio will invest another Rs 10,000 crore in Uttar Pradesh over the next three years. We aim to...
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, which on Tuesday gave approval to Unregulated Deposit Schemes Bill, 2018 have tightened regulations around cryptocurrencies like Bitcoin, Litecoin, and others. The statement released by the Finance...
The Internet users in India is expected to reach 500 million by June this year, said the 'Internet in India 2017' report published by Internet and Mobile Association of India (IAMAI) and Kantar IMRB. https://twitter.com/IAMAIForum/status/965915331515445248 The internet population in India is...
Clinical research and data analytics startup The Healthy Billion (THB) has raised Rs 14 crore from Blume Ventures, Healthquad, and Fireside Ventures. Existing angels including Apoorva Patni and Arpan Sheth, a partner in Bain & Company also participated in...
There is a pattern, Uber, which once emerged as the biggest player in the ride-hailing segment globally, has gradually been losing the battle against local rivals in different geographies. Almost 18 months ago, it had exited Chinese market after...
Online B2B marketplace Udaan has secured a whopping $50 million in its second round of funding after a gap of 15 months from early stage & existing investor Lightspeed Venture Partners and Yuri Milner, one of Russia's most influential...
The online retail market in India is expected to grow 250 per cent to touch Rs 1.8 trillion by 2020 fiscal. Over the next three years, the e-retail industry is expected to continue its strong run, growing over 2.5 times to...
In a move that could put further pressure on existing payment players in India, tech behemoth Google payments app Tez has launched a specially designed experience that lets user pay bills in quick time. The payment firm has on-boarded...
Entrepreneur-cum-investor Ronnie Screwvala, who has already tried his hands in e-sports league is now planning something bigger. Based out of Mumbai, the former UTV head is going to set up India’s official e-sports federation, which will be predominantly focused...
Early this month, Central Board of Direct Taxes issued a circular saying that "no coercive measure" would be taken to recover the outstanding demand. Besides, the Department of Industrial Policy and Promotion (DIPP) was planning to waive off angel...
The story of Zo Rooms has been a curious case for the entire startup ecosystem. The startup, which had raised a major chunk of  $47 million total risk capital from Tiger Global,  had fairly posed as a challenger to the...
Two weeks ago, Swiggy had announced $100 million Series F round from Naspers and world’s fourth-most valuable startup and Chinese O2O major Meituan-Dianping. While the round was disclosed, it wasn’t clear who invested how much. Now, the RoC filings show...
Reliance Industries Limited (RIL) Chairman Mukesh Ambani along with its global partners will invest Rs 60,000 crore to set up India's first integrated digital area in Maharashtra. Speaking on the opening day of the Magnetic Maharashtra investor summit, Mukesh Ambani...
Mahindra Group is aggressively moving forward in electric vehicles (EVs) segment as it today announced to invest Rs 900 crore in EVs over the next four years. The company will infuse the fresh investment to expand the first installed...
Samsung is leaving no stone unturned to maintain its leadership position in India. After losing marketshare to Xiaomi and others, it has now set a target to sell mobile phones worth $6 billion this calendar year. The company, which clocked...
Online education company UpGrad promoted by entrepreneur and philanthropist Ronnie Screwvala has raised Rs 1.5 crore and roped in another investor Unilazer to its board. The Mumbai-based edtech firm is already in talks to raise about $40 million in lieu...
It’s rare that a Unicorn raises a million USD as a bridge round. However, unusual things happen in a startup lifecycle. Gurugram-based online marketplace ShopClues has raised $1 million from Ronnie Screwvala-led Unilazer. The company has been eyeing for investment for...
Paytm has never faced so much competition as it’s been facing for past couple of weeks. The competitive landscape for the digital payment major turned intense as WhatsApp, with its over 250 million users, started testing UPI-enabled payment in...
Indian e-commerce behemoth Flipkart has been criticised by consumer court in Bengaluru for its unethical behavior with a customer to whom the SoftBank-backed company was liable to pay the extra amount charged for a product purchased in December 2015. V...
Digital payment major Paytm has appointed Pallavi Shroff, managing partner of Shardul Amarchand Mangaldas law firm to its board of directors. Her appointment will drive the growth of financial services business such as lending, insurance and wealth management. The appointment...
The dilly-dallying of the government on the introduction of electric vehicles is continuing. Not long ago, in August last year, Union minister Piyush Goyal envisaged an ambitious plan to turn India into an all-electric-vehicles country by 2030. Five months later,...

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