ALL DEALS 
March 1, 2016 Food-tech firms eye institutional orders to increase cash flows
Yumist piloted institutional sales with 25 companies in Gurgaon in January and has now expanded to South Delhi and Bengaluru. Food-tech start-ups such as Yumist, Bite Club and InnerChef have started serving institutional customers such as Google, Citibank, Snapdeal, Yatra and Oyo Rooms across Delhi, Gurgaon and Bengaluru in an effort to build scale and […]
ALL DEALS March 1, 2016 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 March 1, 2016 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 
March 1, 2016 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 March 1, 2016 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 March 1, 2016 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 March 1, 2016 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 March 1, 2016 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 March 1, 2016 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 March 1, 2016 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 March 1, 2016 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 […]
ALL DEALS March 1, 2016 Amazon’s Jeff Bezos has the best hand in India’s e-commerce game
A file photo of Jeff Bezos. Bezos is piling up his chips while counting aloud, so his opponents can watch and hear clearly. Photo: AFP There are four rounds of betting in poker—pocket, flop, turn and river. In my bookThe Golden Tap— The inside story of hyper-funded Indian startups, I write about the Indian e-commerce […]
