Daily Archives: March 11, 2016
NEWS March 11, 2016 Tracxn secures funding from Ratan Tata
By: sristy SahaTracxn provides information on start-ups to over 6,000 clients across India, the US, the Middle East, South-East Asia and Europe, and claims to sign up at least one new client every day. Tracxn Technologies Pvt. Ltd, a data analytics company that tracks start-ups, has secured funding from Ratan Tata, chairman emeritus of Tata Sons Ltd, […]
HOME & GARDEN March 11, 2016 Home services startups switch to subscription based business model
By: sristy SahaHome services company Gapoon would like to have 25% of his customers on its subscription model, which will offer monthly, quarterly, half yearly and annual packages. Bengaluru: Gapoon Online Consumer Services Pvt. Ltd, a home services company, will launch a subscription model for services such as home cleaning, electricians, appliance maintenance, plumbing, pest control and […]
NEWS March 11, 2016 Practo to expand into fitness and personal care segments
By: sristy SahaPracto’s planned expansion into these segments comes eight months after it acquired Delhi-based fitness and health solutions firm FitHo Wellness Services Pvt. Ltd. Bengaluru: Practo Technologies Pvt. Ltd, one of India’s most funded online healthcare start-ups, has decided to look beyond doctors and diagnostic labs and expand to spas and fitness centres. The categories have […]
NEWS March 11, 2016 Qdesq raises funds from investor Dheeraj Jain, others
By: sristy SahaQdesq acts as an aggregator for sharing vacant work desks, offices, conference rooms etc. Qdesq Realtech Pvt Ltd, an on-demand platform for sharing and renting office space, has raised an undisclosed amount in its seed round from a group of investors led by Dheeraj Jain, partner at Redcliffe Capital, a UK-based hedge fund. Other investors […]
NEWS March 11, 2016 Parenting portal mycity4kids raises $3 million
By: sristy SahaThe company claims to have 2.5 million page views a month, 700 bloggers and 75,000 service providers listed across nine cities on its site. Bengaluru: Mycity4kids, a parenting portal run by Just4Kids Services Pvt. Ltd, has raised $3 million from SIDBI Venture Capital Ltd and YourNest Angel Fund, the company said on Wednesday. Mycity4kids has […]
NEWS March 11, 2016 Uber partners Invest India to mentor entrepreneurs
By: sristy SahaUber Technologies Inc., valued at $50 billion, is the world’s most highly valued start-up. Photo: Reuters Bengaluru: Uber, a ride-hailing service provider, Wednesday said it has partnered with Invest India, India’s official agency dedicated to investment promotion and facilitation, to mentor entrepreneurs over the next 12 months. Uber said it would host a series of […]
ALL DEALS March 11, 2016 Nasscom proposes start-ups be exempt from direct, indirect taxes
By: sristy SahaNasscom also sought steps to increase investments in start-ups. New Delhi: Software lobby Nasscom on Wednesday proposed that all start-ups be exempted from direct and indirect taxes to reduce compliance burden and cash outflows. In its pre-budget recommendations submitted to the finance ministry, Nasscom also demanded removal of so-called angel tax levied on capital receipts. […]
NEWS March 11, 2016 Medical tourism start-up PlanMyMedicalTrip raises funds
By: sristy SahaPhoto: Pradeep Gaur/Mint Begaluru: Plan My Medical Trip Pvt. Ltd, a platform that lists medical care options for international patients, said it raised Rs.1.25 crore in funding from three angel investors—Bhanu Vikram Parsotam, Rohan Desai and Paras Patel. “I have been a part of the healthcare sector in the US for close to two decades […]
NEWS March 11, 2016 Quikr buys online real estate portal Commonfloor.com
By: sristy SahaQuikr has been strengthening the portfolio of services it offers since mid-last year. Photo: AFP Bengaluru: Online classifieds firm Quikr India Pvt. Ltd, one of India’s most valuable start-ups, bought real estate portal CommonFloor in a distress sale orchestrated by Tiger Global Management Llc, the influential US-based hedge fund that is an investor in both. […]
NEWS March 11, 2016 The changing realities in India’s start-up market
By: sristy SahaWhen frontline start-ups, such as CommonFloor, struggle to raise capital or are pushed back on valuations, the ripple effect on others in the ecosystem can only be painful. After months of repeated and somewhat indignant denials, Bengaluru-based property search platform Commonfloor.com has finally said that it is being acquired by Quikr India Pvt. Ltd. A […]
ALL DEALS March 11, 2016 Jabong’s hires show focus on marketplace model
By: sristy SahaGurgaon-based Jabong, owned by GFG, largely runs on an inventory-led model—the company buys the stock before selling. A marketplace model is one where a firm connects customers to third-party sellers on its platform and is thus less capital-intensive. Jabong has hired Ranjan Kant as its chief marketplace officer, indicating the online fashion retailer’s plan to […]
ALL DEALS March 11, 2016 Is your business fail-proof?
By: sristy SahaThe big question is whether you have missed something so important that it will harm your business’s success potential. Photo: iStockPhoto Market research firm CB Insights conducted a post-mortem of 101 failed start-ups. They found the #1 reason start-ups failed was because there was no market need. A startling 42% of start-ups were pursuing a […]