NEWS
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NEWS 
March 8, 2016 Nightingales plans to raise $20 million in second round funding
The promoters of Medwell Ventures have invested around $3.5 million in Nightingales. Hyderabad: Nightingales Home Health Services, part of Medwell Ventures Pvt. Ltd, on Tuesday said it plans to raise around $20 million to fund expansion by the end of this year. Medwell Ventures acquired Benguluru-based Nightingales in April 2014, for undisclosed amount. Medwell Ventures, […]
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NEWS 
March 8, 2016 Just Buy raises funds from Alpha, others
Just Buy has partnered with 1,100 brands and provides retailers with access to 300,000 products across 11 categories including food, beverages and personal care. Mumbai: Just Buy Live Enterprise Pvt. Ltd, Mumbai-based e-distributor that connects local retailers with manufacturers, has raised $20 million (Rs.136 crore) from Alpha Capital and others in its first round of […]
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NEWS 
March 8, 2016 CREO raises $3 million from Sequoia Capital, others
Analysts say there is space for home grown phone-makers as India is seen as the growth engine in the global smartphone business, but are doubtful of the prospects of another OS. Photo: Bloomberg Bengaluru: Motiveprime Consumer Electronics Pvt. Ltd has raised $3 million from venture capital firms Sequoia Capital, Beenext Ventures and India Quotient to […]
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NEWS 
March 8, 2016 Ratan Tata invests in baby products retailer FirstCry
FirstCry offers 1,200 national and international brands with over 90,000 unique products. The range serves the needs of children ranging from new born to six years. New Delhi: Baby products retailer FirstCry on Thursday said it has raised an undisclosed amount in a fresh round of funding by Ratan Tata, chairman emeritus of Tata Sons […]
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NEWS 
March 8, 2016 Investopad launches its third centre in Bengaluru
The platform which has already made close to nine investments in the past year, plans to make close to 15 investments every year at the early stage in small teams focused primarily on technology product investments. Bengaluru: Investopad, a seed fund and early-stage incubator, has launched its third centre in Bengaluru which can house 20 […]
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NEWS 
March 8, 2016 Retail-tech start-up SnapBizz raises $7.2 million
The Bengaluru-based company, which was started in 2013, had earlier received seed funding of $1.7 million from Qualcomm, Jungle Ventures, National Research Foundation of Singapore, Taurus Value Creation and Blume Ventures. Bengaluru: SnapBizz Cloudtech Pvt Ltd, a start-up that devises technology for corner grocery stores, has raised $7.2 million in an investment round led by […]
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NEWS 
March 4, 2016 RBI eases stake sale rules in start-ups
The RBI said it would clarify certain other issues that are permissible under current rules. Photo: Ramesh Pathania/Mint Mumbai: The Reserve Bank of India (RBI) allowed overseas investors to sell their stakes in Indian start-ups to local companies, potentially giving foreign venture capital (VC) funds an easier exit route. The regulator also allowed start-ups to […]
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NEWS 
March 4, 2016 Ola, Uber launch bike taxi services in Bengaluru
Photo: Hemant Mishra/Mint Bengaluru: Ride hailing services Ola and Uber on Thursday announced the launch of their respective bike taxi services in Bengaluru, a move that will mark their presence in almost every possible land commute option. Uber Inc., the world’s most valuable start-up and Ola (ANI Technologies Pvt. Ltd), now offer between themselves an […]
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NEWS 
March 4, 2016 Ola may shut down grocery, food delivery services
Photo: Hemant Mishra/Mint New Delhi/Bengaluru: India’s largest taxi-hailing service Ola, run by ANI Technologies Pvt. Ltd, may shut down its grocery and food delivery services barely a year into launch, as the company slows expansion plans and struggles to build customer demand for the business units. Ola Store, the groceries delivery service, and Ola Cafe, […]
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NEWS 
March 4, 2016 Entrepreneurship to improve the world for everyone
Photo: Mint India is shining. It has retained the third position among countries with the most billionaires, according to the Hurun Global Rich List. Now India has 111 billionaires, an increase of 14 since last year. Topping the list of Indian billionaires are Mukesh Ambani, Dilip Shanghvi, Pallonji Mistry and Shiv Nadar—entrepreneurs who have amassed […]
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NEWS 
March 4, 2016 Unicorns are a myth. But you do believe in them!
Photo: Bloomberg The enterprise value of Google pre-IPO (initial public offer) was estimated to be between $33 billion and $40 billion (based on a S&P’s pre-IPO Google report). Google listed on Nasdaq on 19 August 2004 at $85, the low end of its revised price expectation of $85-95. Its market capitalization was valued at $23 […]
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NEWS 
March 4, 2016 Alibaba in talks to buy Flipkart stake
Jack Ma, founder of Alibaba Group. If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. Photo: Bloomberg New Delhi/Bengaluru: China’s Alibaba Group, which has backed Paytm and Snapdeal, is looking to increase its footprint in India […]
