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ALL DEALS 
March 11, 2016 Nasscom proposes start-ups be exempt from direct, indirect taxes
Nasscom also sought steps to increase investments in start-ups. New Delhi: Software lobby Nasscom on Wednesday proposed that all start-ups be exempted from direct and indirect taxes to reduce compliance burden and cash outflows. In its pre-budget recommendations submitted to the finance ministry, Nasscom also demanded removal of so-called angel tax levied on capital receipts. […]
NEWS 
March 11, 2016 CarTrade raises Rs950 crore investment from Temasek and others
The company that was founded in 2009 by Vinay Sanghi is looking to use the funds to expand its offerings for users and dealers. Mumbai: Online auto classifieds company MXC solutions Pvt. Ltd that operates as Cartrade.com Wednesday said it has raised Rs.950 crore in a funding round led by Singapore-based investment firm Temasek and […]
NEWS March 11, 2016 Care24 raises $4 million from SAIF Partners, India Quotient
Care24 claims to handle 350-400 daily visits to patients’ homes with almost 500 care-givers on board. New Delhi: Aegis Care Advisors, which runs home healthcare service provider Care24, has raised $4 million in a fresh round of funding led by venture capital firm SAIF Partners. Existing investor India Quotient also participated in the round, chief […]
NEWS March 11, 2016 Car pooling app Orahi raises Rs3.5 crore from IAN
The Orahi app allows private vehicle owners to choose passengers travelling in the same direction. The service costs Rs.3.5 per km, out of which Rs.3 goes to the car owner while 50 paise is earned by Orahi. New Delhi: Gurgaon-based Phonon Solutions Pvt. Ltd, which owns and operates car pooling app Orahi, on Thursday said […]
ALL DEALS March 11, 2016 University of Hyderabad VC hopeful of commencing classes from Saturday
Student shout slogans outside the office of Smriti Irani during a protest in New Delhi, after a student was found dead at the Hyderabad University hostel. Photo: AFP Hyderabad: Research activity at the University of Hyderabad would commence from Friday, interim vice-chancellor Vipin Srivastava said on Thursday, even as he appealed to protesting students to […]
ALL DEALS March 11, 2016 CBSE to provide counselling to students from February
For the seventh year, CBSE has arranged counselling for differently-abled children to take care of the needs and anxiety of special children, the statement added. New Delhi: The Central Board of Secondary Education (CBSE) will provide online counselling and through telephone and newspapers from next month to students appearing for boards examination to help them […]
NEWS March 10, 2016 JustRide raises $400,000 from a group of angel investors
A screen grab of JustRide website New Delhi: Self drive car rental aggregator JustRide has raised $400,000 in a pre-Series A round from a group of angel investors including Dheeraj Jain, partner at Redcliffe Capital. JustRide said it will use the money to enhance its technology. The company is in advanced talks with an Indian […]
NEWS March 10, 2016 Indiamart raises fresh funds from Amadeus Capital, Westbridge and Intel
The company offers a platform and tools to over 1.4 crore buyers to search from over 2.57 crore products and get connected with over 18 lakh suppliers. New Delhi: Indiamart.com, one of the largest online listing platforms for small and medium businesses has raised an undisclosed amount in Series C funding led by Amadeus Capital, […]
NEWS March 9, 2016 KartRocket raises $6 million from Bertelsmann India, others
The company will use the money for product enhancement, team expansion and marketing initiatives. Photo: Mint New Delhi: BigFoot Retail Solutions Pvt. Ltd, which owns and operates e-commerce-enabling solutions provider KartRocket, on Monday said it had raised $6 million in an investment round led by Bertelsmann India Investments, the strategic investment arm of German media […]
NEWS March 9, 2016 Finomena raises funds from Matrix Partners and others
Bengaluru-based food delivery company Cookaroo Food Networks, is looking to use the funds to develop technology and to scale operations across Bengaluru and Hyderabad. Bengaluru-based financial technology start-up Finomena has raised an undisclosed amount in funding from US-based private equity firm Matrix Partners, Kaushal Aggarwal, managing director and co-founder of Avendus, and Harshvardhan Chamria of […]
NEWS March 9, 2016 Period-tracking app LoveCycles gets Rs5 crore from Prime Venture Partners
A screen grab of LoveCycles app website Bengaluru: Plackal Techno Systems Pvt. Ltd, makers of mobile app LoveCycles that helps women track their menstrual cycles, Tuesday said it has raised Rs5 crore in seed investment from Bengaluru-based seed-stage investors Prime Venture Partners. LoveCycles is trying to tap into the “Quantified self movement” where minute details […]
NEWS March 9, 2016 KartRocket raises $2 million from Japanese investor
New Delhi-based KartRocket caters to the small and medium enterprises market in India by enabling merchants to go online. New Delhi: BigFoot Retail Solutions Pvt. Ltd, which owns and operates e-commerce-enabling solutions provider KartRocket, on Tuesday said it has raised $2 million from an undisclosed Japanese investor, in addition to $6 million it raised in […]
