• ALL DEALS
    Amazon pumps Rs1,696 crore into Indian unit

    The latest infusion, which came in December, is the single largest tranche of funds received by Amazon Seller Services Pvt. Ltd, the Indian unit of Amazon, since 2014, according to documents filed with the Registrar of Companies. Photo: Reuters Bengaluru: Amazon.com Inc., the world’s largest online retailer, has infused an additional Rs.1,696 crore into its […]

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    Labour ministry moves to ease compliance norms for start-ups

    Start-ups are likely to create more than 100,000 jobs in 2016 and 225,000 jobs in 2018. Photo: Mint New Delhi: The labour and employment ministry on Sunday took steps to relax labour-related compliance measures for start-ups, a week after Prime Minister Narendra Modi unveiled the Start-up India initiative. The ministry has decided to exempt start-ups […]

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    Norwest to step up India investment

    Norwest’s India portfolio currently includes internet companies like travel portal Yatra, Quikr, Pepperfry and food delivery startup Swiggy. Mumbai: Norwest Venture Partners, one of the largest venture capital firms globally which has invested $700 million (about Rs.4,730 crore) in the country so far, will step up startup investments here in 2016. “In the past 15 […]

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    Power2SME names Nandan Nilekani as strategic investor

    Power2SME sources raw materials such as chemicals, additives, inks, paints, metals and polymer commodities for its clients. Bengaluru: Power2SME (BEBB India Pvt. Ltd), a start-up that makes procurement easier for small and medium enterprises (SMEs), announced on Monday that Infosys Ltd co-founder and former Unique Identification Authority of India head Nandan Nilekani has become a […]

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    2016—the year of discounted valuations

    The speculation is about which two will first join hands in 2016 to compete with the US leader—Amazon—that has doubled in market cap in the last year and remains the formidable force to reckon with. Photo: Bloomberg 2015 was the year of discounted products. 2016 will be the year of discounted valuations. When will be […]

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    Buildzar raises $4 million from Puneet Dalmia

    The company claims to get 750-800 orders a month with an average order size of Rs67,000. New Delhi: Glow Homes Technologies Pvt. Ltd, which owns and operates Buildzar, an e-commerce portal for construction materials, has raised $4 million from Puneet Dalmia, managing director of Dalmia Bharat Ltd. Dalmia has made the investment in his individual […]

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    Flipkart bets on large appliances to power next stage of growth

    Flipkart started selling large appliances again in early 2014, nearly a year after it was forced to withdraw these products because of customer complaints about late deliveries and poor quality of products. Photo: Hemant Mishra/Mint Bengaluru: India’s largest e-commerce firm Flipkart Ltd is banking on sales of high-priced products such as television sets, refrigerators and […]

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    Aisle.co raises Rs1.25 crore from TermSheet.io and ah! Ventures

    Aisle.co handpicks its users after a process of screening. It has around 500-800 registrations per day in over 50 countries. Mumbai: Online matchmaking company Aisle Network Pvt. Ltd said on Thursday that it has raised Rs.1.25 crore in a pre-series A round of funding from TermSheet.io and ah! Ventures, with investments from key angel investors […]

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    Govin Capital signs agreement with IIT Madras Incubation Cell

    Chennai: Singapore-based Govin Capital signed an agreement with Indian Institute of Technology Madras Incubation Cell to offer Bio-Entrepreneurial education and accelerate Med-tech and Life-Sciences start-ups from the wider IITM community. Govin Capital is focused on early-stage medtech and technology startups in Singapore and India will also be mentoring start-ups at IITM’s bio-incubator and medtech Incubator […]

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    Vanity Cube raises $300,000 from Unicorn Ventures, others

    Currently, Vanity Cube services users in Mumbai and Delhi. Mumbai: Delhi-based on-demand wellness and beauty services company Vanity Cube Pvt Ltd. said on Friday that it had raised $300,000 in an early stage round from Unicorn Ventures, friends and family. The company that was founded in 2014 by Renu Bisht and Pragya Upadhyay is looking […]

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    Start-ups’ focus shifts to conserving cash

    Grofers shut operations in nine cities, citing poor demand, just two months after raising as much as $120 million from Japan’s SoftBank Group and Tiger Global Management. Photo: Ramesh Pathania/ Mint Bengaluru: From Flipkart and Ola to Grofers and Peppertap, start-ups across the board are focusing on cash conservation and making their core businesses fitter, […]