-
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 […]
-
ALL DEALS 
March 8, 2016 Start-up India good way to spend taxpayers’ money: poll
Prime Minister Narendra Modi laid out an action plan for start-up enterprises, proposing self-certification related to nine labour and environment laws and said no government inspectors will visit start-ups in the first three years after their launch. Photo: PTI A majority of the respondents to an instaVaani poll have backed the Start-Up India programme launched […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 Ratan Tata backs start-up Teabox, turning active venture investor in retirement
The deal is the latest of about 25 personal investments that Ratan Tata has made in start-ups, helping spark an e-commerce boom in India along the way. Photo: Pradeep Gaur/Mint Singapore: Ratan Tata, who stepped down as the chairman of the $100 billion Tata Group in 2012, is taking a stake in an online start-up […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 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 […]
-
ALL DEALS 
March 8, 2016 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 […]
