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News Roundup: 9 Startup Stories You Don’t Want To Miss This Week [22 February...
Just few months after making a foray into grocery delivery, Flipkart, this week, shuts down its grocery delivery division ‘Nearby’. Important Developments Of The Week Revised Patenting Guidelines For...
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Movers & Shakers Of The Week [22 February – 27 February]
Myntra’s Finance Head Prabhakar Sunder Quits Prabhakar Sunder, Myntra’s head of finance, has quit the company. Sunder had joined Myntra in its early days and used to work closely with Mukesh Bansal....
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Funding Galore: Startup Fundings Of The Week [22 February – 27 February]
Ibibo Group raised $250 Mn from global internet & media company Naspers, and China’s leading internet firm Tencent. The investment will be used to expand Ibibo’s reach within the Indian hospitality...
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Rata Tata Invests In Home Rental Marketplace Nestaway
One of the most active angel investor of the Indian startup ecosystem, Tata Sons’ chairman emeritus – Ratan Tata has invested an undisclosed amount in Nestaway Technologies Pvt Ltd. Bangalore-based...
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4 Startups Raise $29K Each In TiE SmashUp Hyderabad
In the recent SmashUp event organized by The Indus Entrepreneurs (TiE) Hyderabad, four startups managed to raise a seed funding of about $29K each (INR 20 Lakh) for an exchange of 10% equity stake....
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Facebook Co-Founder Eduardo Saverin Invests $13 Mn In Hopscotch
Mumbai-based online retailer of baby care and children’s products, Hopscotch, has raised $13 Mn (INR 90 Cr) from Facebook’s co-founder Eduardo Saverin. With this, the company has gained a total...
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Union Budget: What’s In It For Startups
Welcome to Inc 42’s live and extensive coverage of the Union Budget 2016 with a special focus on startups and entrepreneurship. Finance Minister Arun Jaitley presented his third Union Budget. The...
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Reliance Extends Its JIO Brand To Fashion Ecommerce With AJIO.com
Reliance Industries is extending the new brand ‘Jio’ to newer businesses. After its telecom unit Reliance Jio and its upcoming digital wallet Jio Money, the company has extended the brand to fashion...
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Evernote Sees India As The Fastest Growing Market; Announces INR Payments
A cross-platform note-taking and productivity app, Evernote, has announced localised credit card payment and discounted pricing for the Indian market. Users can now pay in Indian Rupee (INR) for...
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Ola Plans To Shut Its Hyperlocal Grocery Service ‘Ola Store’
Days after Flipkart announced the shutdown of its hyperlocal grocery service Nearby, Ola is reportedly shutting down Ola Store. Ola started beta testing of its app ‘Ola store’ for grocery and daily...
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Deals Aggregator Site CupoNation Raises $11.1 Mn From Rocket Internet & Others
Coupon and deal aggregator website, CupoNation, has secured $11.1 Mn (INR 76.3 Cr or Euro 10 Mn) in Series B round of funding. The round was led by its existing investor Rocket Internet AG. The other...
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Ajay Piramal Floats New VC Firm ‘Montane Ventures’ To Fund Early Stage Startups
Ajay Piramal, one of India’s leading industrialists, philanthropists and social entrepreneurs, has entered into venture capital (VC) space by establishing a new VC fund ‘Montane Ventures’. The venture...
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Revised Patenting Guidelines To Allow Startups Patent Computer Related...
The Indian Patent Office has rolled back its guidelines on patenting a software which caught eyeballs, last year, when the Patent Office interpreted the law to mean that if a software had industrial...
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Axilor Ventures Invites Applications For Summer 2016 Accelerator Batch
Business incubator Axilor Ventures has invited applications for its third batch of an accelerator programme. The accelerator helps entrepreneurs during the early stages of their ideation, to complete...
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NoBroker Raises $10 Mn From BEENEXT & Others
Bangalore-based P2P rental marketplace, NoBroker, has raised $10 Mn in Series B round of funding, led by BEENEXT & Digital Garage, along with other investors like BEENOS, Qualgro and Mamoru Taniya...
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TechHub & Google Announce Global Partnership #GoGlobal
Google for Entrepreneurs has partnered with the global community for tech entrepreneurs, TechHub, to help hundreds of tech companies scale up their businesses. Headquartered in London, TechHub works...
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Freshdesk Launches In-App Real Time Messaging Service – Hotline.io
Cloud-based customer support software startup, Freshdesk, has launched an in-app, real-time messaging service called Hotline.io. The service addresses unique challenges of mobile-first businesses to...
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Funcart Raises $70K From HNIs
An online store for party supplies, Funcart, has raised $70K in its first round of funding from a group of HNIs. Launched in March 2015, by , Funcart is an online website that sells party supplies for...
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Rail Budget 2016 Brings Happiness To Startups By Setting Up A $7.3 Mn...
Indian Railway Minister Suresh Prabhu, who has effectively used social media to garner feedback on the performance of the Indian Railways, today announced a $7.3 Mn (INR 50 Cr.) innovation fund for...
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Ola Routes To Public Listing
Indian Unicorn Ola has decided to go the IPO way, reports ET. The news comes after Rajiv Bansal, former Advisor to the CEO and the Board of Infosys, joined Ola as chief financial officer in January...
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