NEWS
NEWS 
March 11, 2016 Practo to expand into fitness and personal care segments
Practo’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
Qdesq 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
The 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
Uber 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 […]
NEWS March 11, 2016 Medical tourism start-up PlanMyMedicalTrip raises funds
Photo: 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
Quikr 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
When 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 […]
NEWS March 11, 2016 The link between Capricorn eServe and former Foodpanda MD Rohit Chadda
A file photo of Rohit Chadda. Documents in Mint’s possession show that Capricorn’s story started in February 2015 when Chadda decided to set up the company as a partnership firm. Photo: Ramesh Pathania/ Mint Mumbai: A follow-up investigation by Mint into the lapses and frauds at food-tech start-up Foodpanda has revealed that the former managing […]
NEWS March 11, 2016 ShopClues joins billion dollar club
ShopClues co-founder and chief business officer Radhika Aggarwal says the latest fund raise should be the company’s last one before it becomes profitable with the eventual IPO in 2017. Photo: Mint New Delhi: There’s a new unicorn in India, and its name is ShopClues. Less than fifteen months ago, investors and analysts were uncertain about […]
NEWS March 11, 2016 Hike raises undisclosed amount
The company, which claims to transact 30 billion messages per month, has been strengthening its management since last year. Photo: Bloomberg New Delhi: Hike Ltd, the instant messaging company founded by telecom billionaire Sunil Mittal’s son, said it has received funding from global technology veterans, including Quora founder and chief executive Adam D’Angelo and Aditya […]
NEWS March 11, 2016 iBus Networks raises Rs15 crore
iBus is aiming to solve problems of connectivity through its four dimensional approach: Talk, Sync, Sense and Find. Bengaluru: iBus Networks and Infrastructure Pvt. Ltd, a provider of connectivity solutions inside buildings, has raised Rs.15 crore in a round of funding led by Vallabh Bhansali of Enam, N Squared Management LLC USA and the family […]
NEWS March 11, 2016 E-commerce firms expand their legal teams
Web grocer Grofers, delivery firm Roadrunnr and ride hailing firm Ola are among those putting together legal teams, while Paytm is expanding its existing legal team given the growth in its business. Grofers has millions in its warchest but cannot spend any of it to sell baby foods at a discount as laws prohibit it. […]
