NEWS March 9, 2016 Finomena raises funds from Matrix Partners and others
By: sristy SahaBengaluru-based food delivery company Cookaroo Food Networks, is looking to use the funds to develop technology and to scale operations across Bengaluru and Hyderabad. Bengaluru-based financial technology start-up Finomena has raised an undisclosed amount in funding from US-based private equity firm Matrix Partners, Kaushal Aggarwal, managing director and co-founder of Avendus, and Harshvardhan Chamria of […]
NEWS March 9, 2016 Period-tracking app LoveCycles gets Rs5 crore from Prime Venture Partners
By: sristy SahaA screen grab of LoveCycles app website Bengaluru: Plackal Techno Systems Pvt. Ltd, makers of mobile app LoveCycles that helps women track their menstrual cycles, Tuesday said it has raised Rs5 crore in seed investment from Bengaluru-based seed-stage investors Prime Venture Partners. LoveCycles is trying to tap into the “Quantified self movement” where minute details […]
NEWS March 9, 2016 Customer support in the time of instant outrage: How start-ups do it
By: sristy SahaAt e-commerce marketplace Snapdeal (run by Jasper Infotech Pvt. Ltd), social media is handled with a set of processes and a large team of 16 constantly monitoring the social chatter. Photo: Bloomberg Bengaluru: No online retailer escaped the backlash sparked by a recent clutch of instances in which customers ordered mobile phones online and were […]
NEWS March 9, 2016 KartRocket raises $2 million from Japanese investor
By: sristy SahaNew Delhi-based KartRocket caters to the small and medium enterprises market in India by enabling merchants to go online. New Delhi: BigFoot Retail Solutions Pvt. Ltd, which owns and operates e-commerce-enabling solutions provider KartRocket, on Tuesday said it has raised $2 million from an undisclosed Japanese investor, in addition to $6 million it raised in […]
NEWS March 9, 2016 Snapdeal’s Amit Choudhary backs car pooling start-up Cloudacar
By: sristy SahaLaunched in January 2016, the start-up offers car pooling solution and especially targets the office-going crowd. New Delhi: Pay Technologies India Pvt. Ltd, which owns and operates car pooling start-up Cloudacar, has raised an undisclosed amount from Amit Choudhary, senior vice-president, corporate finance of e-commerce firm Snapdeal, and Anuj Puri, chairman and country head of […]
NEWS March 9, 2016 Flipkart’s mark-down augurs lean times for India’s tech start-ups
By: sristy SahaPhoto: Hemant Mishra/Mint Bangalore: Cash-hungry Indian star-tups like Flipkart Pvt. are discovering the fundraising party’s winding down. The domestic e-commerce leader became one of the most prominent Asian start-ups to have its valuation slashed by a high-profile investor. Sending ripples through the industry, a Morgan Stanley fund marked down its value by more than a […]
NEWS March 9, 2016 InMobi, TaxiforSure founders invest in Wooplr
By: sristy SahaThe new funds will be utilized for geographical expansion. Currently, Wooplr has one office in Bengaluru and plans to set up offices in Delhi and Mumbai shortly. New Delhi: Wooplr Technologies Pvt. Ltd, which owns and operates fashion discovery app Wooplr, on Monday said it has raised an undisclosed amount from Naveen Tewari, Abhay Singhal […]
NEWS March 9, 2016 Flipkart secures a credit line of over Rs450 crore from HDFC Bank; Amazon’s localization of mobile tech boosts demand for its app
By: sristy SahaPhoto: iStock What to watch out for • Capital markets regulator Securities and Exchange Board of India to fast-track market reforms, ease start-up funding. • Amazon’s localization of mobile tech boosts demand for its app. • Flipkart has secured a credit line of over Rs.450 crore from private sector lender HDFC Bank, according to latest […]
NEWS March 9, 2016 Ninjacart raises $3 million from Accel Partners, others
By: sristy SahaNinjacart started in May 2015 as a hyperlocal grocery delivery company, but changed to its business model after six months, and currently works with about 120 retailers, and claims a monthly revenue of Rs1.2 crore. Bengaluru: Ninjacart, a business-to-business marketplace that connects farmers and brands to retailers, run by 63Ideas Infolabs Pvt. Ltd, has raised […]
NEWS March 9, 2016 Huawei P9 Flagship Set to Launch at March 9 Event: Report
By: sristy SahaHuawei has sent out invites for a launch event on March 9 in Berlin, Germany, where it is expected to launch its latest flagship smartphone, Huawei P9. Additionally, some new live images showing the front and back panel of the handset have also made their way to the Internet. As spotted by ifanr website, Huawei […]
NEWS March 9, 2016 HTC One M10 Name Confirmed; Camera Sample Leaked
By: sristy SahaHTC unofficially has confirmed the name of its next smartphone, which unsurprisingly is the One M10. A leaked photo sample claimed to have been taken from the smartphone’s camera has also emerged on the Web. As spotted by Techtasktic website initially, the smartphone’s name was briefly found in the drop-down list of devices in the […]
ALL DEALS March 9, 2016 Apple, FBI Stake Out Conflicting Positions Before Congress
By: sristy SahaThe US government calls it a “vicious guard dog” that hurts national security. Apple says it’s critical to protecting consumer privacy against increasingly sophisticated hackers. As the debate over built-in iPhone encryption has deadlocked in the courts, law enforcement and the world’s second-largest cellphone maker agreed on one point Tuesday: It’s now up to Congress […]
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