NEWS 
March 11, 2016 Qdesq raises funds from investor Dheeraj Jain, others
Qdesq acts as an aggregator for sharing vacant work desks, offices, conference rooms etc. Qdesq Realtech Pvt Ltd, an on-demand platform for sharing and renting office space, has raised an undisclosed amount in its seed round from a group of investors led by Dheeraj Jain, partner at Redcliffe Capital, a UK-based hedge fund. Other investors […]
NEWS March 11, 2016 Parenting portal mycity4kids raises $3 million
The company claims to have 2.5 million page views a month, 700 bloggers and 75,000 service providers listed across nine cities on its site. Bengaluru: Mycity4kids, a parenting portal run by Just4Kids Services Pvt. Ltd, has raised $3 million from SIDBI Venture Capital Ltd and YourNest Angel Fund, the company said on Wednesday. Mycity4kids has […]
NEWS March 11, 2016 Uber partners Invest India to mentor entrepreneurs
Uber Technologies Inc., valued at $50 billion, is the world’s most highly valued start-up. Photo: Reuters Bengaluru: Uber, a ride-hailing service provider, Wednesday said it has partnered with Invest India, India’s official agency dedicated to investment promotion and facilitation, to mentor entrepreneurs over the next 12 months. Uber said it would host a series of […]
ALL DEALS 
March 11, 2016 Nasscom proposes start-ups be exempt from direct, indirect taxes
Nasscom also sought steps to increase investments in start-ups. New Delhi: Software lobby Nasscom on Wednesday proposed that all start-ups be exempted from direct and indirect taxes to reduce compliance burden and cash outflows. In its pre-budget recommendations submitted to the finance ministry, Nasscom also demanded removal of so-called angel tax levied on capital receipts. […]
NEWS March 11, 2016 Medical tourism start-up PlanMyMedicalTrip raises funds
Photo: Pradeep Gaur/Mint Begaluru: Plan My Medical Trip Pvt. Ltd, a platform that lists medical care options for international patients, said it raised Rs.1.25 crore in funding from three angel investors—Bhanu Vikram Parsotam, Rohan Desai and Paras Patel. “I have been a part of the healthcare sector in the US for close to two decades […]
NEWS March 11, 2016 Quikr buys online real estate portal Commonfloor.com
Quikr has been strengthening the portfolio of services it offers since mid-last year. Photo: AFP Bengaluru: Online classifieds firm Quikr India Pvt. Ltd, one of India’s most valuable start-ups, bought real estate portal CommonFloor in a distress sale orchestrated by Tiger Global Management Llc, the influential US-based hedge fund that is an investor in both. […]
NEWS March 11, 2016 The changing realities in India’s start-up market
When frontline start-ups, such as CommonFloor, struggle to raise capital or are pushed back on valuations, the ripple effect on others in the ecosystem can only be painful. After months of repeated and somewhat indignant denials, Bengaluru-based property search platform Commonfloor.com has finally said that it is being acquired by Quikr India Pvt. Ltd. A […]
ALL DEALS March 11, 2016 Jabong’s hires show focus on marketplace model
Gurgaon-based Jabong, owned by GFG, largely runs on an inventory-led model—the company buys the stock before selling. A marketplace model is one where a firm connects customers to third-party sellers on its platform and is thus less capital-intensive. Jabong has hired Ranjan Kant as its chief marketplace officer, indicating the online fashion retailer’s plan to […]
ALL DEALS March 11, 2016 Is your business fail-proof?
The big question is whether you have missed something so important that it will harm your business’s success potential. Photo: iStockPhoto Market research firm CB Insights conducted a post-mortem of 101 failed start-ups. They found the #1 reason start-ups failed was because there was no market need. A startling 42% of start-ups were pursuing a […]
ALL DEALS March 11, 2016 How will you fund your business?
Early stage funding (seed funding) gives a business the initial boost it needs to develop a product, test an idea, hire a team and run basic marketing activities. Photo: Priyanka Parashar Your business idea needs vital resources to grow that help it become a viable and investable business. One such resource is funding. For an […]
NEWS March 11, 2016 The link between Capricorn eServe and former Foodpanda MD Rohit Chadda
A file photo of Rohit Chadda. Documents in Mint’s possession show that Capricorn’s story started in February 2015 when Chadda decided to set up the company as a partnership firm. Photo: Ramesh Pathania/ Mint Mumbai: A follow-up investigation by Mint into the lapses and frauds at food-tech start-up Foodpanda has revealed that the former managing […]
ALL DEALS March 11, 2016 Flipkart flips CEO post, Binny Bansal replaces Sachin Bansal
A file photo of Sachin Basal (left) and Binny Bansal. Photo: Hemant Mishra/Mint New Delhi/Bangalore: It was the flip no one saw coming. On Monday, India’s largest e-commerce platform Flipkart.com named co-founder Binny Bansal as its new chief executive officer (CEO), replacing Sachin Bansal, in a move that it claimed would strengthen its management bandwidth […]
