Daily Archives: March 9, 2016
ALL DEALS 
March 9, 2016 WeWork plans India foray very soon: Adam Neumann
Prime Minister Narendra Modi WeWork founder and Start Up India participant Adam Neumann, in New Delhi on 15 January 2016. Photo: PTI New Delhi: WeWork, a New York-based provider of shared office space, is planning to set up a business in India, founder Adam Neumann said at a conference on start-up businesses on Saturday. WeWork […]
ALL DEALS March 9, 2016 Start-up investment in India to get capital gains tax exemption
File photo. Announcing the start-up action plan at the concluding session of the Startup India event, prime minister Narendra Modi said Indian youth need to be encouraged to be job creators rather than job seekers. Photo: Reuters New Delhi: In an effort to give a fillip to the start-up ecosystem in the country, the government […]
ALL DEALS March 9, 2016 After Start-up India launch, focus turns to implementation
Photo: Kamal Kishore/PTI New Delhi: After the hype of Start-up India, the government initiative that brought young entrepreneurs, venture capitalists and policymakers under one roof, all eyes are on the government to see how the policy changes are implemented. On Saturday, Prime Minister Narendra Modi unveiled the start-up action plan, announcing measures including a Rs.2,500 […]
ALL DEALS March 9, 2016 Ola appoints Raghuvesh Sarup as chief marketing officer
One of the so-called unicorn start-ups in India, Ola has closed over $1.3 billion of external funding so far. Photo: Hemant Mishra/Mint Bengaluru: Taxi-hailing service Ola, owned by ANI Technologies Pvt. Ltd, has appointed Raghuvesh Sarup as chief marketing officer (CMO) to strengthen its core leadership team as the company prepares to expand its lead […]
NEWS 
March 9, 2016 KartRocket raises $6 million from Bertelsmann India, others
The company will use the money for product enhancement, team expansion and marketing initiatives. Photo: Mint New Delhi: BigFoot Retail Solutions Pvt. Ltd, which owns and operates e-commerce-enabling solutions provider KartRocket, on Monday said it had raised $6 million in an investment round led by Bertelsmann India Investments, the strategic investment arm of German media […]
ALL DEALS March 9, 2016 The fault in our start-ups
Start-ups will die. 97% will fail. About 1% will get acquired. Another 1% will go on to become paper unicorns. Only the final per cent will actually become sustainable digital-first enterprises. The problem is that they will die for the wrong reasons. Photo: iStockPhoto Visualize the math on this. A friend spotted an employee from […]
NEWS March 9, 2016 Food delivery start-up Swiggy raises Rs230 crore in latest round
The funding comes at a time when venture capital firms have become more cautious about investments. According to industry experts, the mandate has now shifted to earning revenue and reducing cash burn. Food delivery start-up Swiggy, owned by Bundl Technologies Pvt. Ltd, has raisedRs.230.34 crore in a Series C funding round, with existing investors SAIF […]
ALL DEALS March 9, 2016 Unilazer Ventures, Peyush Bansal & Phanindra Sama invest in DailyObjects
While three exclusive outlets will be set at the airports of Mumbai, Delhi and Bangalore, the rest would include shop-in- shop kiosks that will be launched across Delhi and NCR. Ronnie Screwvala’s venture capital firm Unilazer Ventures, Lenskart founder Peyush Bansal and redBus founder Phanindra Sama have invested Rs.9 crore in online gadget accessory store […]
ALL DEALS March 9, 2016 Uber could double India investment if returns are good: Travis Kalanick
A file photo of Uber co-founder and CEO Travis Kalanick. Photo: AFP Mumbai: Uber could double its current committed investment of $1 billion in India if it sees more than five times the return, its co-founder and chief executive Travis Kalanick said on Tuesday. “If we see five times the return on our spending, we […]
NEWS March 9, 2016 Nykaa looks to raise Rs 100 crore, expand private label offerings
The company introduced on Tuesday its private label products in the bath and bodycare category. Nykaa.com, run by FSN Ecommerce Ventures Pvt. Ltd, is eyeing a near three-fold jump in revenue and is looking to expand its private label offering, as the online retailer of fashion and beauty products looks to turn profitable in the […]
NEWS March 9, 2016 Finomena raises funds from Matrix Partners and others
Bengaluru-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
A 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 […]
