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Paytm Ties Up With Wipro For Its Payments Bank
Noida-based mcommerce company Paytm has partnered with IT services company Wipro to create the requisite technology infrastructure for its upcoming payments bank business. According to Paytm, Wipro...
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NexGTv Launches Kids Video & Infotainment Mobile App NexGTv Kids
nexGTv, a subscription-driven video entertainment app, has launched Kids video & infotainment mobile app nexGTv Kids. The app is aimed at children between the age group of 2 to 10 years that will...
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Chennai Angels Invests $376K In Agile Parking Solutions
An angel investor network, The Chennai Angels, has announced an investment of $376K (INR 2.5 Cr) in New Delhi-based parking technology startup Agile Parking Solutions. Agile Parking Solutions, known by...
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US-Based VC Firm DFJ Sells Its India Portfolio To PE Firm NewQuest Capital...
American venture capital firm Draper Fisher Jurvetson (DFJ) has sold its entire India portfolio to Hong Kong-based private equity platform NewQuest Capital Partners. Draper Fisher Jurvetson (DFJ) was...
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On Demand Driver Services Startup Zuver Raises Seed Funding
Mumbai-based startup Zuver has raised $180K (INR 1.2 Cr) from IT consulting & infrastructure management group Shruth & Smith Holdings and retail assisted ecommerce network Hermes Group....
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Google Acquires Indian Founder Led Enterprise Company Synergyse
Google has acquired Toronto-based enterprise software company, Synergyse, for an undisclosed amount. Started in 2013, Synergyse, was founded by an Indian-origin entrepreneur Varun Malhotra. It is an...
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Myntra Ditches App Only Strategy; To Relaunch Desktop Site On June 1
Just after a year of following the app only strategy, fashion and lifestyle ecommerce player, Myntra, has announced its plans to launch desktop website. The fashion retailer will be re-launching its...
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Seclore Raises $12 Mn From Sistema JSFC’s Sistema Asia Fund
Mumbai-based startup Seclore, which offers digital rights management solution to organisations, has secured $12 Mn in Series B round of funding. The round was led by led by Russian Conglomerate’s...
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Ola Experiments With Third Party Logistics Service For B2B Businesses
Cab hailing app Ola is testing waters with the third-party logistics service for businesses, using a fleet of two-wheelers and autorickshaws in Bangalore. The company started with a pilot in February...
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Unitus Announces Module Innovations As The Winner Of StartHealth Competition-3
Seattle and Bangalore-based, Unitus Seed Fund, has culminated its third edition of StartHealth Competition that was held in partnership with Philips and FORGE Accelerator. It announced Pune-based...
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MTR Foods Takes An Omnichannel Route; Launches Online Store
Bangalore-based instant food mixes and ready-to-eat food products maker MTR Foods has launched its own online store to sell over 140 products. Sanjay Sharma, CEO of MTR Foods told that the online sales...
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Snapdeal To Integrate Machine Learning Based Solutions On Its Platform;...
In a bid to integrate machine learning-based solutions on its platform, Snapdeal, has acquired Gurgaon-based predictive marketing technology startup TargetingMantra for an undisclosed amount. It is a...
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Future Group Announces Relaunch Of FabFurnish; Plans To Merge With HomeTown
Kishore Biyani led retail giant Future Group has announced the re-launch of FabFurnish.com, which it acquired from Rocket Internet for $3 Mn (INR 20 Cr), last month. It plans to spin off its furniture...
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Village Capital To Offer $50K To Indian Entrepreneurs Working On Boosting...
A global venture development organisation, Village Capital is inviting applications from Indian entrepreneurs to participate in a mentoring program Village Capital Education: India 2016. It aims to...
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Funding Galore: Startup Fundings Of The Week [2 May – 7 May]
Two funds Fidelity Rutland Square Trust II and Valic Co. have marked down their stake in Flipkart by 20%. Valic and Fidelity had picked up shares in Flipkart as a part of its series D round of funding...
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Movers & Shakers Of The Week [2 May – 7 May]
India’s ecommerce companies Flipkart and Snapdeal, which are struggling to raise fresh funds, have reportedly slashed hiring. As the two companies focus more on discounts and advertising, they seek to...
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News Roundup: 13 Startup Stories You Don’t Want To Miss This week [2 May – 7...
Uber has collaborated with Paytm and Alibaba‘s financial arm Alipay, to enable their users to book and pay for cab rides, from respective apps globally. As per the new collaboration, Paytm users will...
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Michael and Susan Dell Foundation Allocates $50 Mn To Fund Indian Startups
The Michael and Susan Dell Foundation (MSDF), an active impact investor in India that backs early-stage ventures operating in the education, skills and financial inclusion segments, has earmarked an...
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Ganesh Natarajan Sets Up Startup Platform; Earmarks $600K Fund
Ganesh Natarajan, former Vice Chairman of Zensar Technologies, has set up ‘meta-startup platform’ 5F World in partnership with his wife Uma Ganesh. The platform will invest in startups that have a...
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Logistics Management Startup Locus Raises $2.75 Mn In Series A Funding From...
Bangalore-based Locus, logistics management startup, has raised $2.75 Mn (INR 18.3 Cr) in Series A funding led by Exfinity Venture Partners. Other investors who participated in the round were Blume...
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