ALL DEALS 
March 2, 2016 Aasaanjobs raises $5 million from Aspada Advisors, others
Aasaanjobs last raised $1.5 million in a round led by IDG Ventures and Inventus Capital in January 2015. Mumbai-based Aasaanjobs Pvt. Ltd, which owns and operates recruitment website Aasaanjobs, on Monday said it had raised $5 million in a Series A funding round led by Aspada Advisors, with participation from existing investors. Aasaanjobs last raised […]
NEWS 
March 2, 2016 Govt plans start-up center for capital goods sector
Photo: Mint Mumbai: The Indian government has decided to create a ‘start-up centre’ for the capital goods industry and will also launch a technology development fund for the sector. The ministry of heavy industries and public enterprises, on Monday, while announcing national capital goods policy 2016, said it will create a start up centre for […]
NEWS March 2, 2016 Middle East-based Wadi.com raises $67 million
Wadi, which currently caters to shoppers in the United Arab Emirates (UAE) and Saudi Arabia, claims to have more than 500 merchants—about 50 of them from India—selling more than 150,000 products from over 2,000 brands. Wadi.com, a Middle East-based online retail platform co-founded by former Jabong executive Pratik Gupta, said it has raised $67 million […]
ALL DEALS 
March 2, 2016 The battle of Indian Internet unicorns
Photo: iStock “I believe that whatever doesn’t kill you, simply makes you…stranger,” so says the Joker in Christopher Nolan’s The Dark Knight. What he really means is not all change makes you stronger or better. Some changes leave a scar, or break us from the inside. When looked at from the perspective of Internet companies, […]
ALL DEALS March 2, 2016 Venture debt firms see pick up in demand as equity deals slow
Venture debt firms lend to new economy start-ups which are high-growth companies, asset-light and might have cash burn. Photo: Priyanka Parashar/Mint Mumbai: The slowdown in the availability of equity funding and a downward pressure on valuations in the venture capital ecosystem in the country has emerged as a business opportunity for firms which lend to […]
NEWS March 2, 2016 Buddy, a student micro-financing start-up, raises $500,000
Bengaluru-based Buddy provides small loans to purchase smartphones and laptops among others to help the student during academic years. It has several short and long-term repayment plans across 3-18 months. Photo: HT Bengaluru: Student micro-financing start-up Buddy (GaragePreneurs Internet Pvt. Ltd) on Tuesday said it has raised $500,000 angel investment from Blume Ventures, Tracxn Labs […]
ALL DEALS March 2, 2016 TableHero raises $1 million from growX ventures, Freecharge founders, others
Apart from growX, FreeCharge founders Kunal Shah and Sandeep Tandon, India Value Fund Advisors partner and former chief executive officer of Network 18, Haresh Chawla, Powai Lake ventures and Globevestor also took part in the funding round. New Delhi: TableHero, a start-up providing an intelligent operating system for small local businesses, said on Tuesday that […]
ALL DEALS March 2, 2016 Amazon to buy Emvantage Payments
The announcement comes shortly after Amazon infused an additional Rs.1,696 crore into its India unit in December 2015 to take on local rivals Flipkart and Snapdeal. Photo: Reuters Bengaluru: Online marketplace Amazon Tuesday said it will buy online payments firm Emvantage Payments Pvt. Ltd to develop India-specific payments solutions. The announcement comes shortly after Amazon […]
ALL DEALS 
March 2, 2016 icustommadeit.com raises $4 million
icustommadeit is a marketplace that connects bespoke artists, creators and sellers with consumers looking for specific products. Mumbai: Pune-based customised products company Truelytics EComm Pvt. Ltd. that operates the website icustommadeit.com said on Tuesday that it had raised $4 million in pre-Series A (early stage) round of funding from Times Group’s Brand Capital, Siddhivinayak Skyscrapers […]
ALL DEALS March 2, 2016 Tiger Global invests $10 million in online videos creator The Viral Fever
A file photo of TVF co-founder Biswapati Sarkar. Photo: Aniruddha Chowdhury/Mint Mumbai: Tiger Global Management Llc has invested $10 million (Rs.65.6 crore) in popular online video content creator ‘The Viral Fever’ (TVF), picking up a significant minority stake in the firm, according to filings made by the company with the registrar of companies (RoC). The […]
ALL DEALS 
March 2, 2016 Tracxn raises funding from Nandan Nilekani, Mohandas Pai, others
According to documents filed with the registrar of companies, Tracxn posted revenue of Rs.2.31 crore for the year ended 31 March 2015, up from Rs.9.78 lakh in the previous year. Bengaluru: Start-up data analytics firm Tracxn Technologies Pvt. Ltd on Wednesday said it has raised funding from a group of angel investors, including former UIDAI […]
ALL DEALS March 2, 2016 How Printo’s Manish Sharma lost his start-up and got it back
A file photo of a Printo store in Bengaluru. Retail was booming at the time Sharma set up Printo. Photo: Hemant Mishra/ Mint Mumbai: Manish Sharma, 43, likes his coffee black and his conversation clear and upfront. Entrepreneurs aren’t really a fraternity, he says. “Mostly we have our head in the sand, trying to figure […]
