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BCCL Exits Travel Portal Yatra; Gains $6 Mn
Bennett Coleman & Co. Ltd (BCCL) has exited from its investment in online travel portal Yatra Inc. The stake (equity warrant) was sold for about $6 Mn (INR 39 Cr), according to the Yatra’s annual...
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Srei Teams Up With Russian Development Bank To Create $200 Mn IT Fund
Hemant Kanoria-founded Srei Infrastructure Finance Limited has joined hands with Russian Government-owned Vnesheconombank to create a $200 Mn fund. The fund aims to facilitate innovation in the field...
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Cab Aggregator Uber Pours $7.9 Mn In Indian Arm
Cab aggregator Uber has poured $7.99 Mn (INR 51.64 Cr) into Uber India as per filings with the Registrar of Companies. This infusion occurred in May 2017 as per company filings with the MCA. The amount...
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Startups Such As POSist, Squad Are Hiring This Week
The Indian startup ecosystem in India is growing by leaps and bounds and Inc42 has been fortunate enough to be an integral part of it. As we move forward in our mission of cementing our place in the...
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Flipkart Partners With Foreign Brands, Plans To Launch Offline Stores
Ecommerce giant Flipkart has partnered with foreign apparel and accessory brand Giordano. As per a recent report, Flipkart will operate as a Master Franchisee of the brand. Talks between the two...
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Axis Bank In Talks To Acquire Freecharge For $100 Mn
Mumbai-headquartered Axis Bank is reportedly in talks to acquire mobile wallet FreeCharge. A recent report states that the acquisition could fetch $100 Mn (INR 625 Cr) for parent company Jasper. Axis...
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TVS Logistics, Gati, Others In Talks To Acquire Snapdeal’s Vulcan Express
Chennai-based TVS Logistics Services, PE firm Peepul Capital, and Supply chain firm Gati are looking to acquire Vulcan Express, the in-house logistics arm of Snapdeal. As per sources, the buyout will...
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Nirmala Sitharaman Envisions Startup Coast For Aspiring Entrepreneurs In...
The Minister of Industry and Commerce Nirmala Sitharaman is looking to set up a Startup Coast in Karnataka to facilitate entrepreneurs in South India, as part of efforts by the Indian government. As...
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Accel Partners-Backed Good Methods Global Acqui-Hires Microfinance Startup SYM
Fintech startup Save Your Money (SYM) has been acqui-hired by healthcare technology company Good Methods Global (GMG). The acquisition is aimed to utilise the team’s expertise to facilitate growth and...
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Indian Tech Startup Funding Report H1 2017: $5.56 Bn Invested Across 452 Deals
2016 witnessed a decline in Indian tech startup funding, receding venture capital, and a definite late-stage funding crunch in India. But 2017 began with a bang and have created new hopes for the...
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35North Ventures Launches $20.8 Mn Early Stage Fund
Mumbai-headquartered 35North Ventures has finally received a nod from SEBI to launch a $20.8 Mn (INR 130 Cr) fund. The fund is designed to help early-stage startups grow and expand. As per a recent...
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7 Most Active Angel Investors In India: Indian Tech Startup Funding Report H1...
According to Inc42 DataLabs, since H1 2015, over 1668 unique angel investors have participated in the Indian tech startup funding. Starting with 257 in H1 2015, the participation of angels investors in...
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6 Most Active VC Funds In India: Indian Tech Startup Funding Report H1 2017...
According to Inc42 DataLabs, since H1 2015, over 906 VC funds have participated in the Indian tech startup funding. The launch of several new VCs funds and entry of international VC funds in India has...
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Ecommerce, FinTech Startups Top Funding Charts In H1 2017
According to the Indian tech startup funding report released by Inc42 earlier this week, over $5.56 Bn was invested across 452 Indian tech startups during the period January-June 2017. The startup...
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Ideal Insurance Brokers Raises Funding For Online Platform 121policy
Kolkata-headquartered Ideal Insurance Brokers has raised an undisclosed amount from Xelpmoc at a valuation of $15.54 Mn (INR 100 Cr). The funding is aimed to promote its online platform 121policy....
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Bengaluru Vs Delhi NCR: Startup Funding Game Of Thrones Among The Top Cities...
The game of thrones between Delhi NCR and Bengaluru has always been a most-interesting topic of discussion when it comes to the startups the two cities have spawned. Adding to its glory, India’s very...
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Decoding The Merger And Acquisitions Trends In Indian Startup Ecosystem [H1...
According to the Indian tech startup funding report released by Inc42 for H1 2017, over 71 mergers and acquisitions took place during January-June 2017. Also, if we look at the overall picture, over...
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Calling Out On Hardware Innovators And Makers For 3rd Edition Of InnoNation
InnoNation (earlier Innofest), which is an iSPIRT initiative, has announced the third edition of its annual showcase to be held in Bengaluru. The two-day event is focussed towards bringing the best...
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Ecosystem Enablers For Hardware And IoT Innovators: A Look At 25+ Makerspaces...
History is fundamentally a narrative of innovation, be it the invention of the wheel or the creation of computers. Innovation is the lifeforce of the ongoing global technological revolution. It drives...
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Inviting Applications From Startups Working Across The “Farm To Fork” Life Cycle
“Agriculture is not cropped production as popular belief holds – it’s the production of food and fibre from the world’s land and waters. Without agriculture, it is not possible to have a city, stock...
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