NEWS 
March 4, 2016 Ratan Tata, University of California partner to fund start-ups in India
Ratan Tata has made small investments ranging from Rs.10 crore in online market place Snapdeal to Rs.10 lakh in Zivame. Photo: Mint Bengaluru: RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California have partnered to jointly fund start-ups and enterprises in India over […]
NEWS March 4, 2016 Magic Crate raises seed funding from Mohandas Pai, others
The firm said it ships several thousand activity crates each month, customised to specific age groups, with the prices starting at Rs.549. Bengaluru: Funfinity Learning Solutions Pvt. Ltd, which makes Magic Crate subscription-based activity kits for children, on Thursday said it has received seed investment from Aarin Capital, T.V. Mohandas Pai, chairman of Manipal Global […]
ALL DEALS March 4, 2016 Is Ritesh Agarwal ready to grow up?
OYO Rooms founder Ritesh Agarwal. Photo: Ramesh Pathania/Mint On 24 January, Manoj Thelakkat, a Bengaluru-based recruitment professional, took to social networking platform Facebook to share his experience of being an OYO Rooms customer. The roughly 1,400-word post, headlined ‘The Ordeal called OYO Rooms’, details his frustrating experience of first being denied a pre-paid room at […]
ALL DEALS March 4, 2016 Kae Capital raises $30 mn for fund focused on local start-ups
Kae Capital founder and MD Sasha Mirchandani. New Delhi: Kae Capital, which invests in early-stage companies, has raised $30 million from existing and new investors as part of its second fund. The firm will be raising an additional $10 million soon, said Sasha Mirchandani, founder and managing director of Kae Capital, on Thursday. He declined […]
NEWS 
March 4, 2016 BHIVE Workspace raises angels funds to expand services
BHIVE provides start-ups with accessible and quality plug-and-play workspaces in Koramangla area of Bengaluru. Till date, it has housed 90 start-ups covering 4,000 active members. Mumbai: Bengaluru-based workspace solutions provider BHIVE Workspace said on Friday that it had raised an undislosed amount in funding from a group of angel (individual) investors. The investors include Raghunandan […]
ALL DEALS March 4, 2016 Zendrive, a driving analytics start-up, raises $13.5 million
Zendrive’s technology can be used by a broad list of industries including on-demand services, commercial fleets, taxi aggregators, insurance companies, and for city planning, mapping, driving instruction and roadside assistance, among others. Bengaluru: Zendrive Inc., a mobile technology company which aims to make roads safer through data and analytics, raised $13.5 million in Series A […]
NEWS March 4, 2016 Sequoia Capital top venture capital investor of 2015
While Sequoia Capital backed 48 start-ups, New Enterprise Associates—the second most prolific venture capital firm—was involved in 44 deals, according to start-up tracker Tracxn. Bengaluru: Sequoia Capital and New Enterprise Associates were the most prolific venture capital firms last year globally in terms of the number of deals, backing 48 and 44 start-ups, respectively. The […]
ALL DEALS March 4, 2016 MakeMyTrip turns to tents, dharamshalas to power growth
MakeMyTrip currently has around 25,000 hotels on its platform and is seeking to expand this number fourfold in the next two years. Photo: Ramesh Pathania/Mint New Delhi: Online travel company MakeMyTrip Ltd is considering offering its users non-hotel alternatives such as dharamshalas, homestays, bed-and-breakfast establishments and tents as it steps up the competition with SoftBank-backed […]
ALL DEALS March 4, 2016 Gingercrush raises seed round from Saha Fund, others
Vadodara-based Gingercrush operates a portal where customers can customise products ranging from shirts and mugs to phone cases and toys. Bengaluru: Gingercrush.com (operated by Swadesh Essfil Private Ltd) on Friday said it raised seed funding in an investment round led by Saha Fund, a venture fund for women entrepreneurs, to scale up its platform. Ankita […]
NEWS 
March 4, 2016 Zomato chief product officer Tanmay Saksena quits
Food tech start-ups such as Zomato have been struggling to scale their businesses, making wary investors pile pressure on start-ups to reduce cash burn on discounts and overhead costs. The pressure has been trickling down the management ranks. Photo: Ramesh Pathania/Mint New Delhi: Zomato Media Pvt. Ltd’s chief product officer Tanmay Saksena has abruptly left […]
ALL DEALS March 4, 2016 Zimmber set to raise up to $7 million from Snapdeal, others
Zimmber claims to have over 1,000 transactions per day on its platform. Bengaluru: Home services start-up Zimmber, run by Rejuvenate Solutions Pvt. Ltd, is close to raising $6-7 million from online marketplace Snapdeal and other investors, two people aware of the development said. Founded in 2014 by Anubhab Goel, Gaurav Shrivastava and Amit Kumar, Zimmber […]
NEWS March 4, 2016 Infosys, Wipro investments in start-ups not exclusive deals
Infosys and Wipro maintain their backing to start-ups, which are based out of the US, Israel and India, should not curtail the latter from partnering other outsourcing firms, some of which are even their rivals. Photo: Hemant Mishra/Mint Bengaluru: Infosys Ltd and Wipro Ltd have invested over $65 million in 11 start-ups so far, but […]
