After a long wait and pressure from the Indian government, WhatsApp has finally appointed Abhijit Bose as India Head. Bose is the co-founder and CEO of Ezetap, an enterprise payments solutions firm. The development comes within a month when the...
UPI has been disrupting the digital payments landscape in India and it can be gauged from the fact that the NPCI-owned payments railroad had carried out  482.36 million transactions worth Rs 74,978.27 in October 2018. Leveraging UPI, several payments...
Masayoshi Son led Softbank has finally chosen a name to fulfill their vacant role of India's head after searching for over three years. The Japanese investment behemoth has appointed Sumer Juneja to lead the investments into one its most...
Softbank-backed hotel chain Oyo has been growing faster in China. The company has grown into double, in terms of managing rooms, in a span of only two months. Gurugram-based firm manages 1,80,000 rooms across 4,000 leased and franchised properties in...
Walmart now holds 81.28 per cent stake in e-commerce marketplace Flipkart. The global retail giant has increased its stake from 77 per cent, it acquired in May, this year. This a significant 5.55 per cent rise in the stake in the Bengaluru-based firm...
Star India-run Hotstar rules India's over-the-top (OTT) space with over 40 per cent of market share active users on its platform. The number 2 slot was grabbed by Jio TV, which saw around 18 per cent of active users on...
IoT startup DeTect Technologies has raised $3.5 million in its Series A round led by SAIF Partners. Bharath Innovation Fund, Axilor Ventures, BlueHill Capital and a few angel funds from the Keiretsu Forum also participated in the round. The funds...
Human-assisted artificial intelligence platform Engineer.ai has raised $29.5 million in a funding round led by Lakestar and Jungle Ventures with participation from Softbank's DeepCore. The startup with global presence including offices in Los Angeles, London, Delhi NCR, Mumbai, and Tokyo will...
To uplift its mental wellness business, healthcare startup Cure.fit has acquired mental health platform Seraniti. Post acquisition, Seraniti's team of 15 therapists and its 8,000 customers will join Cure.fit. The healthcare firm will now have over 70 centres for this...
InCred, a digital lending app has secured a funding of Rs 300 crore led by founder Bhupinder Singh and its private equity investors like Paragon Partners by Siddharth Parekh. As per a Mint report, Bhupinder Singh has invested around Rs...
Digital onboarding solution provider for financial institutions Signzy has raised Rs 24 crore in a round led by venture capital firms Stellaris Venture Partners and Kalaari Capital. The Bengaluru-based startup also saw participation from Google's Rajan Anandan, Dilip Khandwelwal from SAP Labs India,...
The Ministry of Corporate Affairs (MCA) has issued notices to over 2000 startups that have raised investment in the last five years. The ministry has questioned investors premium and valuations at which they raised money. It is also seeking details...
Agritech startup CropIn Technology has raised $8 million in its Series B round of funding from Chiratae Ventures and Bill & Melinda Gates Foundation. The Bengaluru-based startup is planning to deploy the fresh proceeds towards expanding its ‘SmartFarm’ technology platform in...
Currently, Flipkart is going through major upheavals. In fact, the company has not stayed out of headlines since the $16 billion deal with Walmart in May this year, and the latest play in this game is top-level recruitment. Since the...
Finally, the family of Sonia Dhawan, a key accused in Paytm extortion case has appealed for her bail before the Surajpur District Sessions Court. This ends the numerous speculations over Dhawan's family reluctance in filing her bail application. The development comes against the backdrop...
AI-enabled edtech startup Genius Corner has raised Rs 2 crore in its angel funding round from Ranbir Singh, Mahesh Mohta and Lakshmikantan Sundereswaran. Other investors Dipak Varshney and Puneet Garg also participated in the round. The Noida-based startup will deploy...
To command a dominant position, home rental and co-living startup NestAway is in talks to raise $100 million in its next round of funding. The investment round may go up to $150 million, according to sources who also confirmed owing...
The year 2018 so far has yielded a good return for ESOPs holders in firms such as Ola, Flipkart, Paytm, Swiggy, Rivigo, and Droom. The trend is looking to continue as Tiger Global, a major investor in digital payment...
A91 Partners, a fund set up by three ex-Sequoia managing directors, has made its first recruitment by appointing Kaushik Anand, India head of CapitalG, as a partner. Anand has quit his post at the Google’s Venture arm to join Abhay...
Flipkart-owned online fashion portal Jabong is planning to keep only 25 per cent of employees out of its current strength, which is reportedly around 600 as a part of the integration process with Myntra. It could fire an additional 200...
Digital payments platform PhonePe claims to have crossed 1 billion transactions since its inception in September 2016. It claims to be the fastest fintech company to achieve this milestone within just 26 months of operation. The Flipkart-owned company also hit an annual...
This week 11 Indian startups received funding, of which 8 received a total sum of about $15 million. Among them, HealthifyMe raised the highest investment of $6 million followed by Perpule, which raised about $4.7 million. Meanwhile, funding for 3...
For hiring a PR firm to bring out dirt on its competitors and critics, the social network giant Facebook's investors have demanded a resignation of the social network CEO and Chairman Mark Zuckerberg. Jonas Kron, Senior Vice President at Trillium Asset...
Giving in to drivers demand, cab aggregator Uber has come out with a new fuel price-linked fare mechanism. Being rolled out in Mumbai first, it will increase gross earnings of drivers by Re 1 per km, Rs 2000-2200 monthly...
Health and fitness startup HealthifyMe has raised $6 million in its extended Series B round from Sistema Asia Fund, Samsung NEXT, Chiratae Ventures (previously IDG Ventures India), Inventus Capital and Blume Ventures. The mix round of equity and debt also saw participation...
At the back of OnePlus 6 success, OnePlus has become the number one smartphone seller in the premium segment in India, according to IDC latest report. With its community-building activities and high decibel promotional activities on social media platforms, it...
All out of a sudden, Flipkart has turned into a hornet's nest. Just after the resignation of Binny Bansal over sexual assault allegation, media reports surface about Ananth Narayanan (CEO) and Dipanjan Basu (CFO) resigning from Myntra owing to...
After several pivots, Craftsvilla, an online ethnic wear retailer, has been struggling for years to find a stable business model. To refurbish this image from being a marketplace to a brand this year, the company has received Rs 30 crore...
Online grocer BigBasket is in talks to raise $200 million in coming months from existing and new investors. The company's co-founder and CEO Hari Menon revealed that the firm is in early talks for raising fresh fund. Meanwhile, the online grocer...
Update: Ananth Narayanan will continue his role as the chief executive officer of Myntra-Jabong as per fresh Reuters report. The departure of CFO Dipanjan Basu could not be independently verified. Entrackr has reached out to Myntra and Narayanan for more...
Dadha and Company run Netmeds Marketplace Limited, an online pharmacy is a platform that helps people look up medicines, and get them delivered as well. Netmeds has recently revealed its financials for FY18 via RoC filings with MCA, and while...
Former IndiGo President Aditya Ghosh has joined Oyo Rooms as the CEO for India and South Asia. Ghosh would look after operations in countries including India, Malaysia, Indonesia, Nepal and upcoming market in the region. Currently, the SoftBank-backed company...
The co-founders of All India Bakchod (AIB) and accused in a recent sexual misconduct case Tanmay Bhat and Gursimran Khamba have been eliminated from Amazon's popular original series called 'Comicstaan' (season 2) and 'Gormint' respectively. The decision seems to be a...
With an explosive growth of fintech innovation and enterprise, India has become the best destination for financial technology firms, according to Prime Minister Narendra Modi. Modi, who was at the Singapore Fintech Festival, sees India as an emerging market for...
To widen its appeal and tap emerging markets, video streaming giant Netflix has been piloting lower-priced mobile-only subscription services. The firm has first rolled out the service in Malaysia at half the price of its Basic package ($8) in the...
B2B e-commerce has been a big opportunity for tech-enabled startups in India. However, early entrants including IndiaMart, Industrybuying, Tolexo, and Wydr have been unable to make big with marketplace approach. On contrary, the growth of Bengaluru-based Udaan has been...
A special court in Delhi has denied the bail plea of Rupak Jain, the husband of Sonia Dhawan and one of four key accused in the Paytm extortion case. According to the court order, Jain's crime is of "serious nature" thus...
Foodtech major Swiggy is all set to raise its third round of investment this year. It is expected to raise around $900 million at a valuation of $3 billion by next month. The investment round will witness one-third ($300 Mn)...
Retail-focused fintech startup Perpule has scooped up $4.7 million in its Series A round led by Prime Venture Partners. Existing investors Kalaari Capital, and Venture Highway also participated in the round. The Bengaluru-based startup had earlier raised $650,000 in the seed...
Delhi based co-working space provider Innov8 up until last fiscal year had been struggling to improve its financial reports. In the latest fiscal, however, the company has managed to improve upon in basic metrics, creating a scope for a...
The Department of Posts (DoP), also known as India Post, has launched its e-commerce site to expand parcel business network. Communications Minister Manoj Sinha in a tweet shared the development. "IndiaPostOffice has launched e-commerce portal and I am glad that today...
Logistics management software FarEye has acquired freight logistics marketplace Dipper Technologies in a cash and stock transaction. The SaaS provider for e-commerce and supply chain logistics companies will leverage the latter's platform to ramp up its last mile delivery with...
Cases of sexual harassments and assaults have been rocking many global corporations including new age disruptors - Google, Uber, and Facebook. Things aren’t different in India where Binny Bansal, one of the poster boys of the Indian startup ecosystem,...
One of the co-founders of India’s largest e-commerce firm Flipkart, Binny Bansal has resigned from the company. He was the Co-founder & CEO at Flipkart Group. His resignation has come after an independent enquiry conducted by Walmart and Flipkart...
Online driver aggregating platform DriveU has closed a mezzanine investment round of Rs 7 crore led by Stevens Creek Ventures. The investment from the California-based investor comes after eight months when DeriveU had raked in $3 million in its pre-Series...
A single thumbprint scanning of an Aadhaar holder has possibilities to match multiple persons, said the Unique Identification Authority of India (UIDAI). The above statement was put forth by UIDAI Counsel Zoheb Hussain in Delhi High Court in a response...
After raising $3.75 billion for its 11th fund, New York-based investment firm Tiger Global Management has made its first investment of $3 million in CheckMate. The two-and-half-year-old startup integrates a slew of online ordering services into POS systems for restaurants. This...
Amazon India’s B2B arm that provides sellers with supplies, has reported a revenue of Rs 12,224 crore in FY18. As compared to the revenue of Rs 7069.8 crore in FY17, this is a 73 per cent increase in the figure....
Expressing unhappiness over social networking site Twitter slow action to remove unlawful content, Union home secretary Rajiv Gauba has asked the platform to improve the system of response and appoint contact person in India for quick redressal of complaints. "Action...
Used car buying and selling platform Spinny is raising about $15 million financing round led by Accel Partners and SAIF Partners. According to the sources, Accel will put about $6 million while SAIF would inject about $5 million in...

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