Daily Archives: March 2, 2016
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ALL DEALS 
March 2, 2016 Amazon to buy Emvantage Payments
The announcement comes shortly after Amazon infused an additional Rs.1,696 crore into its India unit in December 2015 to take on local rivals Flipkart and Snapdeal. Photo: Reuters Bengaluru: Online marketplace Amazon Tuesday said it will buy online payments firm Emvantage Payments Pvt. Ltd to develop India-specific payments solutions. The announcement comes shortly after Amazon […]
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ALL DEALS 
March 2, 2016 icustommadeit.com raises $4 million
icustommadeit is a marketplace that connects bespoke artists, creators and sellers with consumers looking for specific products. Mumbai: Pune-based customised products company Truelytics EComm Pvt. Ltd. that operates the website icustommadeit.com said on Tuesday that it had raised $4 million in pre-Series A (early stage) round of funding from Times Group’s Brand Capital, Siddhivinayak Skyscrapers […]
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ALL DEALS 
March 2, 2016 Tiger Global invests $10 million in online videos creator The Viral Fever
A file photo of TVF co-founder Biswapati Sarkar. Photo: Aniruddha Chowdhury/Mint Mumbai: Tiger Global Management Llc has invested $10 million (Rs.65.6 crore) in popular online video content creator ‘The Viral Fever’ (TVF), picking up a significant minority stake in the firm, according to filings made by the company with the registrar of companies (RoC). The […]
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ALL DEALS 
March 2, 2016 Tracxn raises funding from Nandan Nilekani, Mohandas Pai, others
According to documents filed with the registrar of companies, Tracxn posted revenue of Rs.2.31 crore for the year ended 31 March 2015, up from Rs.9.78 lakh in the previous year. Bengaluru: Start-up data analytics firm Tracxn Technologies Pvt. Ltd on Wednesday said it has raised funding from a group of angel investors, including former UIDAI […]
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ALL DEALS 
March 2, 2016 How Printo’s Manish Sharma lost his start-up and got it back
A file photo of a Printo store in Bengaluru. Retail was booming at the time Sharma set up Printo. Photo: Hemant Mishra/ Mint Mumbai: Manish Sharma, 43, likes his coffee black and his conversation clear and upfront. Entrepreneurs aren’t really a fraternity, he says. “Mostly we have our head in the sand, trying to figure […]
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ALL DEALS 
March 2, 2016 ICRISAT incubator plans Rs100 crore fund for agri start-ups
As part of the incubation programme, the institute had been tying up funds for start-ups but was finding it increasingly difficult to convince mainstream financiers and venture capitalists. Hyderabad: Agri-research institute ICRISAT’s incubation arm is looking to set up aRs.100 crore fund in a year, an initiative that could help small entrepreneurs from the agri-business […]
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ALL DEALS 
March 2, 2016 Now a reality show on start-ups
Photo: iStock Hyderabad: A European start-up accelerator is bringing together two modern-day trends—start-ups and reality shows—to launch what could be the world’s first reality show on start-ups. It will be aired online on Spark10.tv, named after the accelerator that’s starting the web-based reality television show launching in April-May. Spark10 is India’s first European accelerator and […]
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ALL DEALS 
March 2, 2016 Consumer Internet, e-commerce most preferred sectors for start-ups, study says
A file photo from the launch of the ‘Startup India’ action plan. The study shows that more than 5,000 start-up jobs are expected to be created by about 130 start-ups in the next 12 months. Photo: PTI Mumbai: Consumer Internet and e-commerce companies have emerged as the most preferred industry segments across start-ups, according to […]
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ALL DEALS 
March 2, 2016 Chennai Angels invests in Finance Buddha
Finance Buddha raised its first round of external funding and is slated to disburse more thanRs.1,000 crore loans in the current financial year. Chennai: The Chennai Angels (TCA) on Friday said that it has invested an undisclosed amount in Finance Buddha, a financial services firm. “There have been many start-ups in the fintech space, but […]
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ALL DEALS 
March 2, 2016 Tracxn unveils platform to help angels exit start-ups
Abhishek Goyal, co-founder, Tracxn. Photo: Hemant Mishra. Bengaluru: Start-up data analytics provider Tracxn Technologies Pvt. Ltd has launched an Internet platform aimed at helping early investors in mature start-ups sell their shares by connecting them to venture capital (VC) firms and other institutional investors. If the platform, called TracxnSecondary, gains scale, it will increase liquidity […]
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NEWS 
March 2, 2016 Hyper-local discovery app Magicpin raises $3 million
Magicpin offers features where users can take pictures and selfies to avail of offers and discounts at neighbourhood stores. Investor-turned-entrepreneurs Brij Bhushan and Anshoo Sharma have raised $3 million in Series A round of funding from Lightspeed Venture Partners for Magicpin, a hyper-local discovery app. Magicpin was founded in August by Bhushan and Sharma, who […]
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ALL DEALS 
March 2, 2016 Taskbob raises Rs28 crore in series A funding
The funding comes at a time when home services platform operators have raised fresh capital to remain afloat, pursue consolidation efforts and to remain competitive and scale rapidly. Bengaluru: Taskbob, a home services company run by Mumbai-based Crenovative Ideas Pvt. Ltd, has raised Rs.28 crore ($4.5 million) in a series A funding round led by […]
