ALL DEALS 
March 11, 2016 Zomato shuts food-ordering operations in four cities
Zomato said the size of the market in the cities where it shut its ordering business is small right now and will re-launch when the time is right. Photo: Mint Bengaluru: Zomato Media Pvt. Ltd, one of the few Indian Internet start-ups with a global presence, has shut operations in four cities, as food tech […]
NEWS March 11, 2016 ShopClues joins billion dollar club
ShopClues co-founder and chief business officer Radhika Aggarwal says the latest fund raise should be the company’s last one before it becomes profitable with the eventual IPO in 2017. Photo: Mint New Delhi: There’s a new unicorn in India, and its name is ShopClues. Less than fifteen months ago, investors and analysts were uncertain about […]
NEWS March 11, 2016 Hike raises undisclosed amount
The company, which claims to transact 30 billion messages per month, has been strengthening its management since last year. Photo: Bloomberg New Delhi: Hike Ltd, the instant messaging company founded by telecom billionaire Sunil Mittal’s son, said it has received funding from global technology veterans, including Quora founder and chief executive Adam D’Angelo and Aditya […]
NEWS March 11, 2016 iBus Networks raises Rs15 crore
iBus is aiming to solve problems of connectivity through its four dimensional approach: Talk, Sync, Sense and Find. Bengaluru: iBus Networks and Infrastructure Pvt. Ltd, a provider of connectivity solutions inside buildings, has raised Rs.15 crore in a round of funding led by Vallabh Bhansali of Enam, N Squared Management LLC USA and the family […]
ALL DEALS March 11, 2016 Uber CEO Travis Kalanick to offer start-up tips at IIT-B on 19 January
At IIT-Bombay, Travis Kalanick will speak to entrepreneur hopefuls on how to build a business, drawing parallels from his own entrepreneurial journey, and “what it takes to build the world’s fastest-growing start-up”. Photo: AFP Mumbai: Travis Kalanick, the co-founder and chief executive officer of taxi-hailing service Uber Inc., the most valuable start-up, will be in […]
NEWS March 11, 2016 E-commerce firms expand their legal teams
Web grocer Grofers, delivery firm Roadrunnr and ride hailing firm Ola are among those putting together legal teams, while Paytm is expanding its existing legal team given the growth in its business. Grofers has millions in its warchest but cannot spend any of it to sell baby foods at a discount as laws prohibit it. […]
ALL DEALS March 11, 2016 HackerRank launches new simplified job portal for programmers
Software engineers seeking jobs can scroll through simplified and curated listings posted by companies on HackerRank for Jobs. Bengaluru: Hiring start-up HackerRank (Interviewstreet Inc.) on Tuesday launched a beta-version of a product, HackerRank Jobs, to make job searches easier for programmers. The California, US-based company said that after talking to about 1,000 programmers, it found […]
NEWS March 11, 2016 Flipkart restructures core unit, shuffles senior staff
Binny Bansal, new CEO of Flipkart. Photo: Pradeep Gaur/Mint Bengaluru: Flipkart Ltd has restructured the company’s core retail and marketplace business and moved many of the firm’s senior executives into new roles, a day after it named co-founder Binny Bansal as its new chief executive officer (CEO), said two persons familiar with the matter. Flipkart’s […]
NEWS March 11, 2016 CarTrade raises Rs950 crore investment from Temasek and others
The company that was founded in 2009 by Vinay Sanghi is looking to use the funds to expand its offerings for users and dealers. Mumbai: Online auto classifieds company MXC solutions Pvt. Ltd that operates as Cartrade.com Wednesday said it has raised Rs.950 crore in a funding round led by Singapore-based investment firm Temasek and […]
NEWS March 11, 2016 Care24 raises $4 million from SAIF Partners, India Quotient
Care24 claims to handle 350-400 daily visits to patients’ homes with almost 500 care-givers on board. New Delhi: Aegis Care Advisors, which runs home healthcare service provider Care24, has raised $4 million in a fresh round of funding led by venture capital firm SAIF Partners. Existing investor India Quotient also participated in the round, chief […]
ALL DEALS 
March 11, 2016 Baidu says in talks to invest in Indian e-commerce start-ups
Photo: Bloomberg Beijing: Baidu Inc. is in talks to invest in Indian e-commerce start-ups, including Zomato, BookMyShow and BigBasket, a spokesperson for China’s top online search provider said on Wednesday. “The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more resources there in the […]
NEWS March 11, 2016 Will online pharmacies work in India, and are they even legal?
Zigy co-founder Hemant Bhardwaj hired three law firms just to ascertain if the business of online pharmacies was legal. Photo: Hemant Mishra/Mint New Delhi: It’s a $18 billion market set to grow to $55 billion by 2020 and it’s finally beginning to get the kind of attention from investors and entrepreneurs those numbers warrant—despite uncertainty […]
