Daily Archives: March 8, 2016
NEWS 
March 8, 2016 Nightingales plans to raise $20 million in second round funding
The promoters of Medwell Ventures have invested around $3.5 million in Nightingales. Hyderabad: Nightingales Home Health Services, part of Medwell Ventures Pvt. Ltd, on Tuesday said it plans to raise around $20 million to fund expansion by the end of this year. Medwell Ventures acquired Benguluru-based Nightingales in April 2014, for undisclosed amount. Medwell Ventures, […]
ALL DEALS March 8, 2016 Indian start-ups at risk as investors step back, PM Modi’s fund falls short
Flipkart and Snapdeal have attracted big-name backers like Accel Partners, Temasek Holdings and SoftBank, enthused by growth potential. Photo: Hemant Mishra/Mint Mumbai: After pumping billions of dollars into Indian Internet start-ups in the last 24 months, global investors are cutting that flood back to a trickle as dreams of huge online sales are clouded by […]
ALL DEALS March 8, 2016 Tips and tricks by Uber co-founder Travis Kalanick for start-ups in India
Uber CEO Travis Kalanick speaks to students during an interaction at the Indian Institute of Technology (IIT) campus in Mumbai on Tuesday. Photo: Reuters Mumbai: The chief executive and co-founder of the world’s most valuable start-up Uber Inc., Travis Kalanick, is in India to kick-start the government’s Start-Up Initiative. The 39-year-old American entrepreneur, whose company […]
HOME & GARDEN March 8, 2016 Housing.com appoints co-founder Snehil Buxy as chief product officer
The company that has raised over $100 million in capital from investors like SoftBank, nexus venture partners, changed its business model in November from being a listing portal to focus on only buying and selling of properties. Mumbai: Mumbai-based Locon Solutions Pvt. Ltd that operates the real estate portal Housing.com said on Wednesday that it […]
NEWS March 8, 2016 Just Buy raises funds from Alpha, others
Just Buy has partnered with 1,100 brands and provides retailers with access to 300,000 products across 11 categories including food, beverages and personal care. Mumbai: Just Buy Live Enterprise Pvt. Ltd, Mumbai-based e-distributor that connects local retailers with manufacturers, has raised $20 million (Rs.136 crore) from Alpha Capital and others in its first round of […]
NEWS March 8, 2016 CREO raises $3 million from Sequoia Capital, others
Analysts say there is space for home grown phone-makers as India is seen as the growth engine in the global smartphone business, but are doubtful of the prospects of another OS. Photo: Bloomberg Bengaluru: Motiveprime Consumer Electronics Pvt. Ltd has raised $3 million from venture capital firms Sequoia Capital, Beenext Ventures and India Quotient to […]
NEWS March 8, 2016 Ratan Tata invests in baby products retailer FirstCry
FirstCry offers 1,200 national and international brands with over 90,000 unique products. The range serves the needs of children ranging from new born to six years. New Delhi: Baby products retailer FirstCry on Thursday said it has raised an undisclosed amount in a fresh round of funding by Ratan Tata, chairman emeritus of Tata Sons […]
ALL DEALS March 8, 2016 Housing.com raises Rs100 crore from Softbank
Currently, Housing.com has 1.7 million verified listings and is working with over 40,000 developers and agents. Photo: Abhijit Bhatlekar/Mint New Delhi: Mumbai-based Locon Solutions Pvt. Ltd, which operates the online real estate web site Housing.com, has raised an additional Rs.100 crore in funding from Japan’s SoftBank Corp., the company said on Thursday. “We are delighted […]
ALL DEALS March 8, 2016 Wow Momo to set up 40 more outlets across seven cities by March 2017
Capex for a Wow Momo QSR outlet is Rs.12-30 lakh and that of the restaurant is almost Rs.35 lakh. New Delhi: Wow Momo, a quick service restaurant (QSR) chain which sells different versions of Tibetan dumplings, is planning to open over 40 outlets by March 2017 as it looks to strengthen its presence beyond its […]
NEWS March 8, 2016 Investopad launches its third centre in Bengaluru
The platform which has already made close to nine investments in the past year, plans to make close to 15 investments every year at the early stage in small teams focused primarily on technology product investments. Bengaluru: Investopad, a seed fund and early-stage incubator, has launched its third centre in Bengaluru which can house 20 […]
ALL DEALS 
March 8, 2016 Start-ups should be realistic about valuations: NVP’s Promod Haque and Niren Shah
NVP senior managing partner Promod Haque (left) and NVP India managing director Niren Shah. Palo Alto, California-based venture capital firm Norwest Venture Partners (NVP) raised $1.2 billion this week for its 13th global fund, dubbed Norwest Venture Partners XIII LP. This is the third time that the firm, which focuses on early- and growth-stage investments, […]
ALL DEALS 
March 8, 2016 So where do hiring start-ups hire from?
A start-up that wants to make the hiring process easier for others, looking for developers on other platforms – is it a one-off or the norm? Photo: Getty Images/AFP Bengaluru: Swapnil Vats, founder of recruitment start-up Valonia (Valonia Learning and Recruiting Solutions LLP), wrote last year on his LinkedIn profile that he was looking for […]
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