Edtech major Byju's has raised $400 million fresh funds at a whopping $3.6 billion valuation. This also catapults the ten-year-old startup in a league of top 5 most-valued startups in the country. Byju’s entered the Unicorn club this year in March. The...
India's think tank NITI Aayog is developing a device akin to Amazon's virtual assistant device Alexa for countrymen. The idea is to have NLP-driven conversational bots in the future, reaching all corners of the country in multiple languages, said official aware...
Paytm data theft and extortion case has got another twist as Sonia Dhawan's lawyer has withdrawn her bail application following the chargesheet filed by the Noida police. Dhawan's hearing for bail was scheduled for today (December 11) but it didn't happen...
Mattress manufacturing startup Wakefit has raised Rs 65 crore in its first institutional round from venture capital firm Sequoia Capital at a post money valuation of Rs 210 crore. Following the investment, Sequoia will pick up 31.9 per cent stake in the...
Wow Venue, a premium venue booking platform for weddings, corporate, social and MICE (Meetings, incentives, conferences, and exhibitions) events, has raised $1.5 million fresh funding from strategic investor Pranav Pathak. The two years old Mumbai-based startup will deploy the capital towards growth, marketing, hiring skilled resources...
Day by day threats faced by Oyo is increasing as the hotel owners and overseeing bodies start to speak up against malpractices by the Softbank-backed budget hotel chain. As per a warning letter by Federation of Hotel and Restaurant Association...
With a rise in the number of products from China coming in as gifts and violating domestic laws, the Indian government is planning to impose a restriction on the online purchase of goods from Chinese e-com platforms and applications. The...
Foodtech has turned out to be hyper-competitive segment as deep-pocketed players are fighting out to dominate a larger market share. Besides dishing out discounts, Zomato and Swiggy have been offering a slew of features including subscription to make online...
After Binny Bansal's movement from the active role as Group CEO and Kalyan Krishnamurthy taking up a larger role, all hasn’t been well with Flipkart and its affiliate Myntra. From past few weeks - the rumour has it that...
Within three months of raising $25 million Series C round, fresh meat and seafood brand Licious has scooped up another $25 million in the latest round led by Japan's Nichirei Corp. Early backers 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast...
Google has acquired Where Is My Train, a multilingual app that provides live updates on trains. The search giant has not disclosed the acquisition details. In late August, Google was reportedly in talks to acquire the company for $30-40 million....
Startup lobby group Indiatech.org is in discussion with the government and regulators to allow local startups to list their services on Government e-marketplace or GeM. The government-owned portal that is aiming to reach $25 billion GMV by 2021, facilitates online...
UrbanClap, an on-demand home service provider, recently raised a $50 million funding round from Steadview Capital and Vy Capital at $500 million valuation. As a part of this round, the company has facilitated a secondary sale of ESOPs that will...
The Venture Capital (VC) investors in India have recorded a four-fold rise in exits in nine months this year. They recorded exits worth $19.6 billion in 2018 as compared to $4.2 billion in last year, according to a recent report...
This week 14 Indian startups received funding, of which 11 received a total sum of about $136 million. Among them, Oyo raised the highest investment of about $103 million followed by MoEngage, which raised $8 million. Meanwhile, funding for 3...
After 45 days of arrest, Noida Police have finally filed a chargesheet against Sonia Dhawan her husband Rupak Jain and two others--Devendra Kumar and Rohit Chomwal--who were involved in alleged Paytm data theft and extortion case. The move comes after...
To engage next-generation consumers on its platform, US e-tailer Amazon has launched a new shopping-focused social network Spark in India. Spark, which is the part of Amazon.in site, is expected to lead to discovery-based shopping. It will be available to...
Heavily divested in its far-reaching investment plans, Softbank has been actively recruiting, from country heads to partners. The Japanese investment giant has appointed former Facebook Inc. executive Kirthiga Reddy as a partner in its $100 billion Vision Fund. She is...
A month old appointed panel by the government has recommended to ban all the cryptocurrencies and make a new law to regulate the space. All virtual currencies should be treated as illegal and a new law within RBI's guideline should...
Zerodha has pumped Rs 2 crore in edtech startup LearnApp. The investment was done through Rainmatter, an incubator and investment fund run by the online stock brokerage firm. The Noida-based markets, investment, and trading-focused online video course provider will deploy this...
Within a week of speculation about Oyo raising $103.4 million (Rs 732.73 crore) strategic round from Grab, the company has raised the sum, reveals RoC filings by the company with MCA. The firm will use proceeds towards ramping up...
To prevent abuse on Facebook ahead of India’s general elections next year, the social networking giant has asked Indian advertisers wanting to run a political ad on its platform to confirm their identity and location. The social networking firm has...
Game of scale has intensified in food delivery space as Zomato and Foodpanda have started penetrating tier II and III cities aggressively. Both companies have been ramping up operations in about 100 cities and eyeing stable grounds across the...
Online classifieds and service platform Quikr has raised Rs 55 crore in a venture debt from Innoven Capital. Probably, this external capital infusion has come to the Bengaluru-based firm after 42 months hiatus. Prior to this debt round, the company...
Boodmo, a Gurugram-headquartered autoparts marketplace founded by two Ukranian--Yevgen Sokolnikov and Oleksandr Danylenko--has raised Rs 7 crore in FDI from an undisclosed Ukrainian private investment fund. With the fresh capital, the startup plans to ramp up its warehouse management systems...
There might be several dialogues going on the policy and regulatory front in the last few years but when it comes to data privacy, Indian firms seem to have made no progress. According to the study titled ‘State of Privacy...
B2B e-commerce platform ShopKirana has raised $2 million from Info Edge with the participation of AET Fund, Japan's Akatsuki and Incubate Fund and Better Capital AngelList syndicate. The fresh capital comes almost after a gap of two years. The Indore-based startup...
In a recent internal e-mail, Uber India head Pradeep Parameswaran conveyed to the global chief execs & CEO Dara Khosrowshahi and CFO Nelson Chai, that the Indian unit has achieved an annualised gross booking rate of $1.64 billion in...
Foodtech platform Swiggy has been facing protest from delivery personnel in Chennai, one of its hot market in India. As usual, the unhappiness is over the payment structure including incentives, per-order pay, and regularisation of per mile compensation. Protestors gathered...
Online insurance broker Coverfox, which recently raised its Series C round, has reported its financial reports for FY18. The Varun Dua and Devendra Rane founded company has clocked a revenue of Rs 12.42 crore in FY18, almost twice the figure...
Online food ordering unicorn Zomato has acquired TechEagle Innovations, a startup working on drone tech. The motivation behind the acquisition is to use drone technology for food delivery in future. It is an early stage for the company for building...
Digital lending marketplace Rubique Technologies Pvt. Ltd. in the middle of its Series B funding round has reported its financials for FY18. The company has clocked a 60 per cent increase in the revenue, up from Rs 15.5 crore in...
Facilities management software maker Facilio has secured $6.4 million series A round from Tiger Global and Accel Partners. The Chennai-based startup had scooped up $1.5 million from Accel in March, this year. The fresh capital will be used in boosting...
Cleartrip, a Mumbai based OTA platform, has seen its business decline significantly in the past few years and has finally made a move to control its losses by laying off employees. According to ET’s sources, the company recognised the twin...
The biggest pain point for e-commerce firms anywhere in the world is high return rate of their products. It adds operational cost for sellers on these platforms. And Jeff Bezos-led Amazon is not an exception. According to US e-tailer senior...
Amazon Seller Services, the Indian marketplace arm has received another Rs 2,200 crore from Amazon group's entity i.e. Singapore-based Amazon Corporate Holdings and Mauritius-based Amazon.com.inc. The fresh funding also marked Amazon total investment in India closer to $5 billion-- that...
Vernacular news aggregator Dailyhunt’s financial reports for FY18 show how maintaining native and global operational figures is important to any company that plans to or has already expanded overseas. In its RoC filing with MCA, the company reported a 5...
Marketing automation platform MoEngage has raised $9 million in its Series B round led by Matrix Partners and VentureEast. The California and Bengaluru-based startup's existing investors Exfinity Ventures and Helion Venture Partners also participated in this round. The fresh capital...
The latest reports in the Indian startup ecosystem say that Softbank owner Masayoshi Son has been in several meetings with Ola cofounder Bhavish Aggarwal in recent days. As per ET’s sources, Son has shown a keen interest in investing $1...
Investment bank Barclays has issued a clarification regarding its report, published on last Wednesday, that Amazon has not beaten home-grown e-tailer Flipkart but both e-tailers have $11.2 billion run rate in gross merchandise value (GMV) for fiscal 2019. The conclusion...
India's first stock exchange listed e-commerce firm Infibeam Avenues has invested Rs 6 crore in Instant Global Paytech, a Mumbai-based payments solution provider. Instant Global Paytech, which operates Go Payments, will use the capital to acquire customers and merchants. A significant part of...
LOTS Wholesale Solutions, the Indian unit of the Thailand-based wholesaler Siam Makro PCL, will launch its e-commerce platform next month. "The app is in the testing phase. By next month we will have an operational e-commerce platform," said Tanit Chearavanont,...
Edtech startup Unacademy has reflected growth in FY18 as the company’s revenue grew by 7X to Rs 5.23 crore FY18 from mere Rs 73 lakhs in the preceding fiscal. Meanwhile, the company’s expenses also grew over 7X to Rs...
Travel tech startup Guiddoo has raised around Rs 6 crore in its extended pre-Series A round from individual investors such as Singapore-based Rennie Ratadia Dubai-based Stephen Dmello and Angshuman Sarkar from India. In June, last year, Guiddoo had scooped up $300K...
Year 2018 has seen a growth and expansion of OYO Rooms, that only a few can boast of. The company that aims to become world’s largest budget hotel chain by 2022, has expanded its operations into several countries this...
It seems that WhatsApp is in the final leg to launch its payments feature for all users in India as the company's CEO has written to RBI seeking formal approval for the mass roll-out of the payments feature. Running on...
Paytm Inbox, an in-app chat feature introduced by the payments major has been pulled out after a year of debut. As per the company, the feature had wide user base as it enabled over 100 million users to chat...
After a long wait, the Indian government has finally launched an online portal called 'Digital Sky' for drone registration under the fresh guidelines issued by the Ministry of Civil Aviation. Now flying drones or Remotely Piloted Aircraft System (RPAS) will...
Ever since the beginning of this year, Oyo has been on an international expansion spree. After launching in six countries including China, Dubai, UK, Indonesia amongst others, the SoftBank-backed company is launching in Spain and Portugal. “The company has launched...
Budget and mid-market hotel owners across the nation are planning to take legal action against Oyo over deep discounting, high commissions and frequent changes in arbitrary contract by the hotel chain. The Budget Hotel Association of Mumbai, a grouping of 250...

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