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ALL DEALS 
March 2, 2016 Hardware start-ups warm up to Make in India
Photo: Ramesh Pathania/Mint When Prime Minister Narendra Modi exhorted entrepreneurs to make in India in his 2014 Independence Day speech, it was touted as a watershed moment for the manufacturing sector, which accounted for 17.3% of the country’s gross domestic product in 2013-14. The corresponding number for China stood at 36%, according to the World […]
ALL DEALS March 2, 2016 Ratan Tata invests in retail tech start-up Snapbizz
SnapBizz had earlier raised $7.2 million in an investment round led by venture capital firms Jungle Ventures, Taurus Value Creation, Konly Venture and Blume Ventures in January. Photo: Pradeep Gaur/Mint Bengaluru: SnapBizz Cloudtech Pvt. Ltd, which devises technology for grocery stores, said it raised an undisclosed amount of funding from Ratan Tata, chairman emeritus of […]
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 […]
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 Chennai Angels invests in Finance Buddha
Finance Buddha raised its first round of external funding and is slated to disburse more thanRs.1,000 crore loans in the current financial year. Chennai: The Chennai Angels (TCA) on Friday said that it has invested an undisclosed amount in Finance Buddha, a financial services firm. “There have been many start-ups in the fintech space, but […]
ALL DEALS March 2, 2016 Taskbob raises Rs28 crore in series A funding
The funding comes at a time when home services platform operators have raised fresh capital to remain afloat, pursue consolidation efforts and to remain competitive and scale rapidly. Bengaluru: Taskbob, a home services company run by Mumbai-based Crenovative Ideas Pvt. Ltd, has raised Rs.28 crore ($4.5 million) in a series A funding round led by […]
ALL DEALS March 2, 2016 Flipkart sees 400% increase in sale of household items over weekend
The company launched home items last January and now claims to sell “a substantial part” of all home products sold online. Photo: Hemant Mishra/Mint Bengaluru: India’s largest e-commerce company Flipkart Ltd said it reported a 400% increase in daily unit sales of household items such as towels, bulbs and small appliances as well as furniture […]
ALL DEALS March 2, 2016 Freshdesk buys Framebench, its fourth acquisition in seven months
A file photo of Girish Mathrubootham, founder and chief executive, Freshdesk, who said that the acquisition of Framebench presents an opportunity to integrate collaborative capabilities. Photo: Mint Bengaluru: Freshdesk Inc., a start-up that provides customer support platforms for enterprises, has acquired Framebench Technologies Pvt. Ltd, a company which lets users collaborate on files (documents, images, […]
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 […]
