This week 21 Indian startups received funding, of which 17 received a total sum of about $135 million. Among them, Epigamia raised the highest funding of about $25.5 million followed by Turtlemint, which raised $25 million. Meanwhile, funding for 4...
Swedish online music streaming service Spotify could launch its service in India as early as in next two weeks. The music streaming firm will launch services without major label groups including Sony, Universal, and Warner, who have not that big...
The past two years have been quite eventful for startups in the edtech segment with several new companies opting to join, massive funding inflow, and growth in financial performance. Recently, Toppr Technologies Pvt. Ltd., a Mumbai based edtech company has...
In line with a new scheme to provide relief to startups and angel investors, the Central Board of Direct Taxes (CBDT) has decided to not press for payments of assessment orders and tax demands until the case has been...
Trouble for budget hotel chain OYO has been rising as after concerns of users over real-time data sharing with state governments, the company has come under income tax glare for providing in incorrect particulars of income for the year 2016-17. The...
LoanTap, a digital lending platform for salaried professional, has raised $8 million in a mix equity and debt round led by early-stage venture capital 3one4 Capital. Existing investors of the Pune-based startup such as Shunwei Capital, Kae Capital, India Quotient, Tuscan...
Amazon and Samara Capital’s acquisition of Aditya Birla Retail Limited run More Supermarkets had been facing CCI’s probe earlier due to a potential violation of the new FDI norms. In the latest series of events, the Competition Commission of India...
App downloads across devices have witnessed a huge growth in the world in the last two years. In India, alone app downloads have grown around 165 per cent in during the same time, according to App Annie report the...
Paytm has started testing white-labelled interoperable Unified Payments Interface (UPI) QR Code for merchants in Bengaluru and Hyderabad. Sources indicate that interoperable QR code is a white label solution without Paytm's branding. The UPI-based interoperable QR code will allow users...
Within three months of raising Rs 7 crore debt fund from Trifecta Capital, Gurugram-based bus aggregator Shuttl has raised another Rs 10 crore in debt from the Venture debt firm. The Sequoia Capital-backed startup had also scooped up $11 million...
If there is one segment that everyone wants to get a pie of and has been getting hotter with each passing day- it’s foodtech. It has emerged as next big frontier for several consumer Internet companies, who are in one...
SaaS-based travel management startup ITILITE has raised Rs 30 crore in its Series-A funding round led by Matrix Partners and others. A clutch of angel investors including Ashish Gupta, founder of Helion VC fund also participated in the round. The funding round for the...
India’s largest budget hotel chain OYO has been facing backlashes against its actions from multiple sources for a while now. Earlier, it was hoteliers raising their voices against the company’s malpractices of exploiting hotel chains and compromising on customer security...
After $540 round led by Naspers, the world's highest-valued edtech company Byju's begins 2019 with an acquisition of US-based gaming cum learning platform Osmo. The Bengaluru-based Unicorn has spent $120 million to acquire the kids-focused augmented reality gaming producer for...
Even after 30 months of the tussle over draconian Angel Tax on startups, the government continues to pass on multiple notifications and circulars without solving real pain of entrepreneurs. In yet another notification, Commerce Ministry has eased out several...
Online insurance marketplace Turtlemint has raised $25 million in its Series B round led by Sequoia India. Existing investors Blume Ventures and Nexus Venture Partners also participated in the Mumbai-based startup's latest funding round. Turtlemint intends to scale up operations and increase the...
Flipkart’s Singapore holding company has poured yet another round of funding in the Indian wholesale arm Flipkart India Pvt. Ltd. The amount invested - Rs 1,431 crore - becomes a surprise as it comes just a month after a larger...
After kicking off verifying process for political advertising last month, social media giant Facebook is extending its political ads rules to curb election interference in India. Social media firm will place electoral ads in a searchable online library from next...
Instamojo, a P2P platform for on-demand payment and lending for small businesses has raised about $7.75 million in its Series B funding round led by Japan’s payments firm Anypay. The round also saw participation from new investor Gunosy Capital, while...
If there is one thing that has taken away the sleep of giant e-tailers such as Amazon and Flipkart in India, it has to be recently announced changes in foreign direct investment (FDI) policy for e-commerce. The policy is all...
Amidst $100 million commitment from cab-hailing giant Ola, scooter sharing platform Vogo has raised about $8.95 million in a fresh round led by Kalaari Capital. According to the regulatory filing with MCA, Kalaari put in a little over $4 million, while existing investors Matrix...
Continuing the ongoing trend of team members in multinational VCs opening up their own ventures, Sequoia India’s Chief Marketing Officer Raja Ganapathy resigned his position to start an unconventional VC - Spring Marketing Capital - as a co-founder. Ganapathy partnered...
Leverage Edu, a marketplace designed to help students with their higher education and career growth plans, has raised $1.3 million in its pre-series A round of funding led by DSG Consumer Partners and Blume Ventures. The Delhi-based edtech startup will...
Last financial year was eventful for B2B SaaS company Freshworks as it went through rebranding and joined the coveted league of Unicorn. However, it’s a different kind of Unicorn. Where not a single firm that has valuation of $1...
Softbank-backed hotel chain OYO has been digitising records of guests staying at its hotels. The digital record system will have the real-time update, including arrival and departure, of the visitor. The system also helps direct sharing of its customers'...
Local recommendation platform Little Black Book (LBB) has reported improved financial in FY18 as the Gurugram-based company recorded 2X jump in revenue with over 27 per cent increase in losses. In a filing with the Ministry of Corporate Affairs (MCA),...
Amidst departure of Ananth Narayanan from Myntra to head Hotstar, the fashion e-tailer's parent group Flipkart has elevated Amar Nagaram as CEO of the newly merged entity of Myntra and Jabong. As soon as media reports suggested Narayanan's movement from Flipkart, Nagaram's...
In its three-step proposals, the Indian Private Equity (PE) and Indian Venture Capital Association (IVCA) has asked Central Board of Direct Taxes (CBDT) and the Department of Industrial Policy and Promotion (DIPP) to exempt Rs 10 crore to all...
Sachin Bansal, the co-founder of Flipkart, has invested $21 million in homegrown ride-hailing major Ola. This investment is a part of an ongoing Series J round. The round has come within a few days of $73.97 million fresh infusion...
With content becoming a new battleground for e-commerce players, the over-the-top (OTT) space is witnessing every few months an entry of new player. Now is the turn of online payment and e-commerce platform Paytm. The Alibaba-backed firm has kicked off...
P2P lending startup Paisadukan has raised Rs 1.6 crore in a seed funding round. This is the first capital infusion for the Mumbai-based startup after receiving NBFC licence from RBI and overall third seed funding round since its inception. Investors participated...
Farm to retail agritech startup Crofarm has raised $500K from a clutch of HNIs including Vinay Mittal, former Chief of Strategy at HT Media, Ramit Sethi from Strongbox Ventures and other HNIs, said two sources aware with the transaction. Existing...
Value-added paid subscriptions have been gaining ground at a fast pace in foodtech segment. Zomato’s back to back success with Gold and Piggybank is testimony to the fact that Indian consumers don’t mind paying extra money for convenience and...
With an ambition to be the largest food retail firm in India, Future Group CEO Kishore Biyani is all set to get into foodtech business. The company will soon launch cloud kitchens, through which it aims to serve everything...
This week 14 Indian startups received funding, of which 11 received a total sum of about $234 million. Among them, Ola raised the highest funding of about $74 million followed by Vantage Health, which raised $50 million. Meanwhile, funding for...
Soon after acquihiring CarBiqi, CarDekho has forayed into auction model where it will be buying cars from consumers on behalf of dealers. The company has opened about 8-10 stores across the National Capital Region (NCR) under the brand name...
Amazon Pay, the payments arm of the e-commerce major Amazon has received fresh funds of Rs 300 crore from the parent company. According to the documents filed with Registrar of Companies (RoC), the fresh round comes through Singapore and Mauritius-based...
Over the past year, Indian consumer Internet startups have been facing wrath from the supply side. Several sellers bodies are protesting to safeguard their interest on platforms including Flipkart and Amazon. Similarly, hoteliers teamed up against OTA - MakeMyTrip...
For the past couple of years, co-living startups are having a good time in India. And the trend is expected to continue even this year as investors appear optimistic about the segment. After ZoloStays, Bengaluru-based co-living startup Grexter has raised $1.5 million in pre-Series...
Multi-brand health tech chain Curefit had been on a fundraising spree during the entire FY18 and the beginning of FY19. It seems that the company has used the raised capital wisely enough to grow tremendously in the financial year...
Online mutual fund investment platform Scripbox has raised $21 million Series C round led by Accel Partners. Existing investor Omidyar Network also participated in the round. The round seems to be strategic, as per data research platform paper.vc. In June...
Internet kitchen brand Faasos has received Rs 30 crore debt fund from Alteria Capital through secured, redeemable non-convertible debentures. This development comes at a time when Faasos is negotiating a $100 million round as it looks to enter overseas markets...
In line with it big e-commerce plan, Mukesh Ambani-led Reliance Jio has been piloting point-of-sale (PoS) services targeting merchant community. The company has launched services in six cities that include Bengaluru, Hyderabad, Chennai, Pune, Kolkata and Mumbai on a pilot...
Edtech startup Eruditus that offers executive education programmes, has raised $40 million in Series C round led by Sequoia Capital. The Mumbai-based startup also saw participation of Bertelsmann India in the fresh round. With the fresh capital infusion, post-money valuation...
Making promises and living up to them are altogether two different things. Observations of past many years of the Indian governments' promises tell us. They very often make promises, and as quickly they forget about it leaving them in...
Homegrown ride-hailing company Ola has raised $73.97 million in a fresh round led by existing investor Steadview Capital. In October, media reports suggested that Ola was finalising a $100 million deal with the Hong Kong-based hedge fund while Flipkart founder Sachin Bansal...
OYO has been chasing its lofty dreams of becoming the world’s largest hotel chain by 2020 for a while now. Last calendar year, the company had forayed into several countries like China, Spain, UK, Dubai, Indonesia, Malaysia among others. Before...
Once a top-selling smartphone brand in India, Micromax has been witnessing a continuous decline in revenue in the last two years. The Gurugram-based firm has reported 26 per cent downfall in revenues in compared to its last year financials. The smartphone...
Looking at the rapid expansion of co-working space and valuation boom in India, co-working space provider WeWork is planning to own a majority stake in the country's operations. At present, WeWork India is a joint venture between the New York-headquartered...
Backer of Indian startups like Ola, Quikr, Practo, DailyNinja among others, Matrix Partners India has announced their third fund after more than 2.5 years of announcing the last fund extension. The Matrix India Fund - III has been closed at...

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