Archives
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ALL DEALS 
March 2, 2016 Venture debt firms see pick up in demand as equity deals slow
Venture debt firms lend to new economy start-ups which are high-growth companies, asset-light and might have cash burn. Photo: Priyanka Parashar/Mint Mumbai: The slowdown in the availability of equity funding and a downward pressure on valuations in the venture capital ecosystem in the country has emerged as a business opportunity for firms which lend to […]
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NEWS 
March 2, 2016 Buddy, a student micro-financing start-up, raises $500,000
Bengaluru-based Buddy provides small loans to purchase smartphones and laptops among others to help the student during academic years. It has several short and long-term repayment plans across 3-18 months. Photo: HT Bengaluru: Student micro-financing start-up Buddy (GaragePreneurs Internet Pvt. Ltd) on Tuesday said it has raised $500,000 angel investment from Blume Ventures, Tracxn Labs […]
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ALL DEALS 
March 2, 2016 TableHero raises $1 million from growX ventures, Freecharge founders, others
Apart from growX, FreeCharge founders Kunal Shah and Sandeep Tandon, India Value Fund Advisors partner and former chief executive officer of Network 18, Haresh Chawla, Powai Lake ventures and Globevestor also took part in the funding round. New Delhi: TableHero, a start-up providing an intelligent operating system for small local businesses, said on Tuesday that […]
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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 […]
