• Uncategorized
    Xiaomi unveils Mi5 smartphone to spearhead sales drive beyond China

    Xiaomi became the world’s second most-valuable startup after a 2014 funding round that valued it at $45 billion. Photo: Bloomberg Beijing: Xiaomi Corp. trotted out its latest marquee smartphones as billionaire co-founder Lei Jun counts on the Mi5 to kick-start growth and claw back share in a slowing Chinese market. The new phone will go […]

  • ALL DEALS
    What next for education start-up Simplilearn?

    Venture firms backing the Bengaluru-based start-up include Mayfield Fund, Kalaari Capital and Helion Venture Partners. Bengaluru: When Krishna Kumar started a personal blog in 2009 and posted free video lessons and a practice test there, the idea wasn’t to do business. It was to kill boredom. Six years later, the blog has become Simplilearn Solutions […]

  • ALL DEALS
    Ibibo to raise $250 million from Naspers

    A file photo of Ashish Kashyap, founder and chief executive officer, Ibibo Group. Photo: Mint New Delhi: Indicating a huge opportunity in the travel and hotel booking space, South African media company Naspers Group on Wednesday announced its plans to invest an additional $250 million in online travel venture Ibibo Group, which owns and operates […]

  • NEWS
    Google partners TechHub to help startups

    Photo: Reuters New Delhi: Search giant Google Inc. on Wednesday said it has partnered with TechHub, a global community for tech entrepreneurs, as it tries to help startup companies. TechHub, which helps tech companies across the world scale their businesses, said the collaboration will benefit Indian startups. TechHub members in Bengaluru, Riga, Bucharest, Madrid, Warsaw […]

  • ALL DEALS
    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 […]

  • ALL DEALS
    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 […]

  • ALL DEALS
    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 […]

  • ALL DEALS
    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 […]

  • ALL DEALS
    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 […]

  • ALL DEALS
    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, […]

  • ALL DEALS
    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 […]