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Funding Galore: Startup Fundings Of The Week [23 May – 28 May]
This week, Bangalore-based Venture Capital firm, Saama Capital India Advisors, announced that it has raised $31 Mn for its third venture capital fund. The VC firm will invest between $2 Mn to $5 Mn at...
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Karnataka Govt. Issues Warning To Uber And Ola, Asks To Stop Operations
It seems hardships for cab hailing apps are not going to end soon. According to recent notification by the Karnataka Transport Department, Ola and Uber, might have to shut down their services in...
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Myntra Brings Back Its Desktop Site
A year after shutting down its desktop and mobile site and taking a mobile only route, Myntra on Saturday finally brought back its desktop website, ditching its app-only strategy. Myntra had announced...
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18+ Startup Shutdowns in 5 Months – 2016 Turns Deadly For Startups?
The year 2015 saw launch of three to four startups a day, which helped India to secure the third position in the world in terms of number of startups – 4200 and counting. Last year, a huge amount of...
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1mg Attracts Funding From Top Global Healthcare Investor HBM Healthcare...
Digital health platform, 1mg has raised an additional investment from HBM as a part of its recently closed Series B round of funding. Earlier in April, 1MG had announced investment of $15 Mn in Series...
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Indian Startup Funding Report May 2016 – Delhi Dethrones Bangalore,...
As we step into the month of June, amidst the chatter of changing trend, it is important we have a look at what actually happened this May. We at Inc42 gathered some data and analysed some numbers from...
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Funding Galore: Startup Fundings Of The Week [30 May – 4 June]
We released the funding report for the month of May 2016, 87 deals and over 15 acquisitions were recorded last month. While, ecommerce remains the major sector to receive maximum deal value, HealthTech...
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FinTech Startup CreditVidya Raises $2 Mn From Kalaari Capital
Mumbai-based fintech startup CreditVidya has raised $2 Mn (INR 13.3 Cr) in Series A round of funding led by venture capital fund Kalaari Capital. Siddharth Parekh, managing partner of Paragon Ventures...
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Koovs Confirms Strategic Investment From HT Media
Koovs PLC, a New Delhi and UK-based fashion etailer, has confirmed $3.4 Mn (£3 Mn) strategic investment from HT Media Ltd. The company has raised the capital through the issue of 12,000,000 new...
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Telecom Entrepreneur C Sivasankaran Enters The Taxi Space With Launch Of UTOO
Serial entrepreneur Chinnakannan Sivasankaran, who has made many deals in telecom sector, has decided to foray the taxi-aggregation space with the launch of UTOO Cabs. C Sivasankaran is a Chennai-born...
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Fashion Discovery Social Commerce App Shopwati Raises Seed Funding
Gurgaon-based Prachalit Infomedia Pvt Ltd, which founded Shopwati, an online fashion community, has raised an undisclosed amount of seed funding from Sanjiv Rai of SRKK Advisors. Founded in 2015 by by...
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Funding Galore: Startup Fundings Of The Week [6 June – 11 June]
Flipkart is in talks to sell a small stake to Bennett, Coleman and Co. Ltd (BCCL) in a $75 Mn (INR 500 Cr) deal. Under the proposed deal, Flipkart will issue shares to BCCL in return for cash and ads...
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News Roundup: 9 Startup Stories You Don’t Want To Miss This Week [6 June – 11...
Uber alleged that the officials of Karnataka Transport department refused to accept Uber’s documents in support of its claim for a licence to operate as app-based taxi aggregator in the state. The...
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Movers & Shakers Of The week [6 June – 11 June]
Flipkart has once again changed its technology leadership team. The company has moved engineering head Peeyush Ranjan to the role of group chief technology officer. Ranjan will now look at areas such...
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Gaia Smart Cities Acquires IoT Business Of Netcore
Mumbai-based internet devices firm Gaia Smart Cities has acquired IoT business of communications service provider Netcore in an equity deal. Sumit D Chowdhury, founder & CEO of Gaia Smart Cities...
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Microsoft To Acquire LinkedIn For $26.2 Bn In Cash
Microsoft is acquiring LinkedIn for $196 per share in an all-cash transaction valued at $26.2 Bn, inclusive of LinkedIn’s net cash. Post acquisition, LinkedIn will retain its distinct brand, culture...
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OneWay.Cab Raises $450K From IAN
Gujarat-based one way taxi service provider OneWay.Cab has raised $450K (INR 3 Cr) from Indian Angel Network (IAN). Ajay Gupta, head of strategy and marketing at Ericson India and the lead IAN...
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Flipkart’s Revised Return Policy Faces Revolt By Merchants
Ecommerce firm Flipkart faced threats from a group of merchants over its revised return policy. The merchants threatened to either exit or be inactive on the online marketplace, objecting to new...
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NASSCOM, IBM Launches Techstartup.in For Mumbai Startup Ecosystem
National Association of Software and Services Companies (NASSCOM) launched Techstartup.in, a digital platform for the Indian startup & product ecosystem to network, stimulate local innovation and...
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Manager of Superstar Talents Like Madonna and U2, Guy Oseary, Invests In Saavn
Music streaming service, Saavn, has raised an undisclosed amount in funding from Guy Oseary, the legendary record executive, investor, talent manager, and CEO of Maverick. Guy will also be joining...
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