This week 15 startups received funding, of which 14 received a total sum of about $82 million. Among them, NewsDog raised the highest investment of $50 million, followed by Raw Pressery which raised about $10 million. Meanwhile, funding for only...
With more than 260 million monthly active users in India, WhatsApp has been facing a tough time since beta testing of yet to be launched UPI service. Now the Facebook-owned instant messaging platform is looking to rope in Visa...
Sellers on Snapdeal have often complained of alleged non-payment of dues by the platform in the past. It appears the matter of payment between sellers and the online platform has not resolved yet and reached the court. Sellers have filed...
It sounds unusual that SoftBank is asking its portfolio company to onboard two new investors for getting more capital from it. The Masayoshi Son-led investment conglomerate is rather known for making bold bets by looking into eyes of entrepreneurs....
Healthcare focused fintech startup LetsMD has raised fresh funding from Ravi Garikipati, CTO & Head of Engineering of Flipkart and WaterBridge Ventures including a consortium of other HNIs syndicated by Singapore-based ThinKuvate and SRI Capital. While the exact investment...
To push ‘Make in India’ campaign, the India government saw a massive opportunity in the smartphone market, which has been growing at a double-digit rate in India. In the budget 2018-19, the government hiked customs duty on mobile phones...
Despite being in a nascent stage, smart speaker space in India has been turning out to be next battleground for Amazon, Google, Apple, and Facebook. Amazon and Google had kicked-off sale of their range of smart speakers in October...
After announcing profitability, at a profit of $2.5 billion, from merging its businesses in Russia and Southeast Asia with local competitors, cab-hailing company Uber has turned towards its favourite market—India. The San Francisco-based company plans to channelise profits into the...
Fintech is hot and everyone wants a pie of the fledgling segment. While there are plenty of pure-play fintech startups that tend to solve payment and credit access pains for consumer and business sectors, e-commerce biggies including Flipkart and...
Xiaomi has emerged as the second biggest smartphone brand in India after Samsung. In the past four years, the Chinese brand has been able to capture a market share of 20 per cent in the smartphone segment. Besides, there...
Arzooo--a reverse auction-based e-commerce platform for high value branded goods has raised Rs 1.5 crore in a seed funding round from Omphalos Ventures India. The Bengaluru-based startup will use the initial capital to ramp up its technology and expand its...
Early stage-focused venture capital consortium Indian Angel Network (IAN) has raised Rs 227 crore for its maiden fund which was launch in April last year. The vc firm which initially set the target of Rs 350 crore is planning...
One of the latecomers in UPI league, Mobikwik has finally integrated its platform with government-owned unified payment interface. Amidst quick adoption of UPI and strict KYC norms, the move was but obvious for the digital wallet company. Now, Mobikwik UPI facility will be...
Food delivery major Swiggy has crossed 10 million monthly delivery mark this month. This is an almost 2X surge in terms of monthly volume within six months. The Bengaluru-based company had achieved 5 million order mark in December last...
In a world where getting a positive word out from your primary rival is almost unthinkable, India’s biggest cab-hailing firm Ola has managed to woo its rival drivers to promote 'Try Ola for free' campaign in Australia. Uber drivers in...
The strategy of the Chinese technology conglomerates is simple in the fledgling Indian Internet economy - invest in startups working in areas of interest and then leverage it to push own products. Alibaba has been doing it aggressively through...
Human resource-cum-fintech platform for blue-collar workforce BetterPlace has raised $3 million in a Series-A funding round from 3one4 Capital, and existing investors Venture Highway and Unitus Ventures. With the latest fund infusion, the Bengaluru-based startup plans to add new solutions...
Within four years of the launch in India, Chinese smartphone maker OnePlus has been able to capture 48 per cent premium market share in the country. The company, however, seems to be not contended with the growth and plans...
When it comes to online movie ticketing sales SoftBank and Alibaba-backed Paytm has been growing at a fast pace. To take on its rival BookMyShow, the Noida-based company has acquired TicketNew--a Chennai-based online movie ticketing platform. Alibaba Pictures, an affiliate...
After disrupting India telecom market, Mukesh Ambani's Reliance Jio is planning to enter Europe through a subsidiary in Estonia. Ambani-led Reliance Industrial Ltd (RIL) investment firm will provide a loan of Rs 12.20 crore to the Estonian unit to kick-off...
With the rising use case of blockchain technology, it was a long-overdue the telecom operator in India would launch some research in the segment. Bharti Airtel, Vodafone India and Reliance Jio assessing the use of blockchain technology that will create...
SaaS-based distribution technology solutions provider for consumer companies, Mobisy has raised $3.5 million led by SIDBI Venture Capital Limited (SVCL). The Bengaluru-based company also saw participation from existing investor Ojas Partners, Triton Investment Advisors along with a few high...
OnePlus is having a ball with its OnePlus 6 model. Within a mere 10 minutes of preview sale in India, the Chinese phone maker has claimed to surpass Rs 100 crore worth sales in the country. The latest model...
While e-commerce in India took off on the premise that organised retail has unable to serve masses, recent moves from horizontal as well as vertical e-commerce players are emphasizing that e-commerce can’t sustain without offline touch. Right from the...
Micro delivery startup in daily essentials segment Milkbasket has raised $7 million in Series A round of funding led by Kalaari Capital. Beenext Ventures along with existing investors Blume Ventures and Unilever Ventures also participated in the round. In March,...
The All India Online Vendors Association (AIOVA) has been relentlessly raising the issue of predatory pricing by e-commerce platform. After writing a letter to competition commission of India (CCI) last year, it has now filed a petition with the...
Chinese Internet conglomerate Tencent, California-based VC firm DHVC, Legend Capital and Dotc United Group have poured in $50 million in news and entertainment aggregator app NewsDog. Founded by Chinese entrepreneurs Chen Yukun and Yi Ma, and owned by Hong Kong-based...
Prior to its pre-order booking, electric smart scooter manufacturer Ather Energy has unveiled charging facility AtherGrid for electric vehicles in Bengaluru. Aiming to provide charging station at every four kilometers in the electronic city, Ather Energy has currently installed 17 connected...
With an aim to enable villagers various internet-based services living in rural regions, the government has planned to expand its Digital Village or DigiGaon initiative, underway in six villages, to 700 villages by end of this year. As part of...
The online furniture category which is largely dominated by a few players including Pepperfry and Urban Ladder is going to heat up as e-commerce major Flipkart has been planning an aggressive push to accelerate its GMV in the segment. The e-commerce platform...
While a majority of vertical-focused online fashion platforms have been struggling to gain a firm foot, Myntra is accelerating its revenue as well as reducing losses. With a total revenue of Rs 2,000 crore, the Walmart-owned company had shrunk...
To harness the potential of emerging technologies such as Artificial Intelligence (AI), the Indian government has begun preparing for future warfare introducing them in all three forces- Navy, Army and AirForce. The move is part of broader policy initiative, to...
Cold-pressed juice manufacturer Raw Pressery has raised $10 million in another round of funding from existing investors Sequoia Capital, Saama Capital and DSG Consumer Partners. The trio had invested $6 million in the organic juice startup in October, last...
With the penetration of smartphones and Internet, the consumption pattern for video content is changing in India. It's gradually shifting from DTH and cable supply to digital (over the top or OTT). The change has also caused protest by...
Crowdfunding platform Impact Guru has raised $2 million in series A funding round co-led by Apollo Hospitals Group and Venture Catalysts. The funding round saw participation from existing investor RB Investments--a Singapore based VC fund and Currae Healthtech Fund along...
China's bicycle-sharing platform Mobike appears closer to foray into Indian Market. The app-based bicycle sharing platform now owned by Meituan-Dianping is expected to start its services by next few weeks from Pune. This will be the second Chinese firm entering...
Autorickshaw has been a major mobility option for the urban commute (especially shorter route) in metros as well as tier I cities. Despite government regulated meter-based fare system, three wheel drivers often find leeway and dictate their own fare...
Taking a strong stand over revealing the identity of Kathua minor rape victim, the Delhi High Court has rapped and issue notice to Internet giants Google, Facebook, Twitter, YouTube, and Bing. "You have done a great disservice to the nation....
This week only seven startups received funding, of which five received a total sum of about $62 million. Among them, Droom raised the highest investment of $30 million, followed by Nykaa which raised about $24.5 million. Meanwhile, funding for two...
Even before completion of the takeover of Flipkart by Walmart in a $16 billion deal, things have started changing in the Indian e-commerce major. In an attempt to improve the product quality on the platform, Flipkart will audit the...
Amidst controversy over acquiring controlling stake in Indian e-commerce marketplace Flipkart, global retail major Walmart has finally approached the Competition Commission of India (CCI) for the approval. Since the Flipkart-Walmart deal announcement, both entities have been facing an allegation of...
Venture-funded startups are mysterious when it comes to fundamental business metrics such as revenue, burn and profit. A majority of large-scaled startups in e-commerce segment at least doesn’t mind the aforementioned holy grail. One such company that suffers from...
Continues growing traffic congestion is an inescapable condition in most parts of the world, be it Los Angelos or Tokyo or Delhi. With every passing day, it keeps getting worse. Commuters are often left frustrated as policymakers inability to cure...
Baat Niklegi To Phir... Door Talak Jayegi (If word goes out, it will spread too far). The famous line penned down by Kafeel Aazar Amrohi and sung by Jagjit Singh reverberates around in the context of virtual currencies. The virtual...
The Indian government is drafting a legal framework to promote and protect foreign investments in the country. Through the law, govt aims to provide legal backing for a stable and predictable foreign investment flow. It will simplify the rights and...
Competition Commission of India (CCI) has found global search giant Google involvement in unfair trade practices and imposed a penalty of $20 million on the search engine firm. Later, National Company Law Appellate Tribunal (NCLAT) has partially stayed CCI...
The Indian Railways Catering and Tourism Corporation (IRCTC) which sells over seven lakh tickets a day does 14 per cent of its business via payment major Paytm. The Alibaba-backed company reportedly emerged as the market leader with one lakh...
In February 2014, expanding the scope of investment in startup sector, Azim Premji’s investment company PremjiInvest pumped in $50 million in one of India’s online fashion platform -- Myntra. The online platform then led by Mukesh Bansal was targeting...
Online automobile marketplace Droom has raised $30 million in Series D round led by Japan's auto major Toyota's investment arm Toyota Tsusho and VC firm Digital Garage. This is the first ever investment by the Japanese automaker in Indian startup....
SoftBank-backed hotel brand Oyo has launched operations in China. This is the fourth overseas market for the company. Last month, it entered Dubai while the company has presence in Malaysia and Nepal. Currently, it’s showing seven properties in the largest...

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