Archives
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ALL DEALS 
March 1, 2016 NoBroker raises $10 million in Series B funding
NoBroker had raised $3 million in Series A from SAIF Partners along with Fulcrum Ventures in December 2014. Bengaluru: NoBroker Technologies Solutions Pvt. Ltd, which directly connects landlords with house hunters said it raised $10 million in a Series B funding led by Singapore-based BEENEXT venture capital firm created by Teruhide (Teru) Sato. Other investors […]
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ALL DEALS 
March 1, 2016 Uber opens its first Centre of Excellence in Asia in Hyderabad
Uber operates in 26 cities in India. Photo: AP Hyderabad: Taxi aggregator Uber Technologies Inc. opened its first centre of excellence in Asia in Hyderabad as the San Francisco-based company centralizes several of India operations at a single location in its third biggest market. The facility will have staff providing round the clock specialized support […]
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ALL DEALS 
March 1, 2016 Foodpanda changes India strategy in revival bid
Foodpanda, which until now has been driven by technology developed at its headquarters in Berlin, has also started to build its products locally. Photo: Ramesh Pathania/Mint New Delhi/Mumbai: Online food ordering company Foodpanda is revisiting its India strategy by outsourcing delivery and is also looking to start its own kitchen, a comparatively higher-margin business, as […]
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ALL DEALS 
March 1, 2016 Indian Angel Network invests in Roadhouse Hostels
Roadhouse Hostels currently has two hostels with a total of 80 beds in Goa and Jaipur and plans to add as many as five such properties in Kerala and Himachal Pradesh by the year end. New Delhi: Roadhouse Hostels, a chain of backpacker hostels, on Wednesday said that it has raised an undisclosed amount of […]
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ALL DEALS 
March 1, 2016 As smartphone sales surge, Indian app makers lure venture capital
Photo: Mint Bengaluru: Foreign venture funds are stepping up investments in Indian mobile application makers, betting a surge in smartphone sales in the country will drive demand for home-grown apps, mirroring the trend in world’s biggest mobile phone market China. San Francisco-based incubator and venture capital firm 500 Startups on Tuesday launched a $25 million […]
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ALL DEALS 
March 1, 2016 Freshdesk launches new support product Hotline.io for mobile-first businesses
This is Freshdesk’s third product since its launch in 2011. The other two are Freshdesk, which is a cloud-based comprehensive customer support platform, and Freshservice, launched in 2014, which helps companies meet their internal IT support requests. Bengaluru: Customer support platform provider Freshdesk Inc. on Wednesday announced the launch of a new product called Hotline.io, […]
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ALL DEALS 
March 1, 2016 Hrithik Roshan now eyes start-ups, stock markets
Roshan says healthcare, education, fitness and technology are the four areas in which he is looking for start-ups to invest in. Photo: Hindustan Times Bollywood star Hrithik Roshan’s journey—from a child with a stammer to stardom, and from battling health issues to being a fitness enthusiast—has encouraged him to accept challenges head-on. However, when it […]
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ALL DEALS 
March 1, 2016 Amazon’s Jeff Bezos has the best hand in India’s e-commerce game
A file photo of Jeff Bezos. Bezos is piling up his chips while counting aloud, so his opponents can watch and hear clearly. Photo: AFP There are four rounds of betting in poker—pocket, flop, turn and river. In my bookThe Golden Tap— The inside story of hyper-funded Indian startups, I write about the Indian e-commerce […]
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ALL DEALS 
March 1, 2016 Flipkart shuts grocery delivery app Nearby
Flipkart’s move to shut Nearby comes as newly appointed chief executive Binny Bansal is cutting costs and sharpening the company’s focus on its key strengths: electronics and fashion sales and logistics. Photo: Hemant Mishra/Mint Bangalore: India’s largest e-commerce firm Flipkart Ltd will shut its groceries delivery app, Nearby, less than five months after the company […]
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CLOTHING 
February 29, 2016 Craftsvilla acquires food start-up PlaceofOrigin
A screen grab of Craftsvilla website. New Delhi: Sequoia-backed Craftsvilla Handicrafts Pvt. Ltd on Friday said it had ventured into the food segment with the acquisition of Bengaluru-based food start-up PlaceofOrigin in an all-stock deal. PlaceofOrigin was founded by two former bankers, Ashish Nichani and Sudarsan Metla, in 2014. The company curates and takes to […]
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NEWS 
February 29, 2016 Capillary Tech invests an undisclosed amount in WebEngage
Capillary, one of India’s most valuable enterprise start-ups having raised about $80 million in venture funding so far. Bengaluru: Capillary Technologies Pvt. Ltd, which offers customer relationship management software and marketing analytics for retailers, has invested an undisclosed amount to buy a stake in business analytics start-up WebEngage. The move to pick up a stake […]
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ALL DEALS 
February 29, 2016 Debate and drama: What the Congress expects from this session of Parliament
Photo Credit: Adnan Abidi/Reuters 16.6K Total Views President Pranab Mukherjee flagged off the Budget Session on Tuesday with a joint address to both Houses, in which he said that Parliament was a place for debate and discussion, not disruption or obstruction. Just before the session began, Prime Minister Narendra Modi urged the Opposition to utilise […]
