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Mobile Wallet App MobiKwik Raises 50M Dollar Funds From Japanese And Taiwanese Investors [Type: News]
Mobile Wallet App MobiKwik, has raised about $50 million in its latest round of funding led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek. Existing investors, Sequoia Capital and Asia-focused hedge fund Tre ...
Oyo Rooms Raises 100M Dollar From Softbank [Type: News]
Oyo rooms has raised $100 million in a round led by Softbank. The round also saw participation from Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery. According to the sources, “The term ...
Hyperlocal Delivery Startup RoadRunnr Stop ecommerce Delivery Business [Type: News]
RoadRunnr, the hyperlocal delivery startup backed by Sequoia Capital and Nexus Venture Partners, may exit from the e-commerce delivery business completely. It might shift its focus on a few select categories such as food, groceries and merchant-to-me ...
Online Grocer BigBasket Acquires Delyver Bolster its Hyperiocal Delivery Service [Type: News]
Online grocery retailer BigBasket.com, owned and operated by Bangalore-based SuperMarket Grocery Supplies Pvt Ltd, has acquired hyperlocal delivery startup Delyver in a cash-and-stock deal. The transaction gives BigBasket increased depth in its ...
Sequoia Capital Invest $50M in Homelane [Type: News]
After raising $4.5 million in February, Bengaluru-based a technology-led home solutions startup HomeLane is now receiving $50 million funding led by the Sequoia Capital. The raised funding will be used to expand its footprint to 10 metros including M ...
CarDekho plans to raise Rs300 crore at a pre-investment valuation of Rs1500 crore [Type: News]
Online auto classifieds player CarDekho, which bought Naspers-owned Gaadi.com last month, is in the market to raise up to Rs 300 crore in a fresh financing round, looking for a pre-investment valuation of over Rs 1,500-crore. The Sequoia Capital- ...
Online Fashion Marketplace Voonik Raises 20 Million Dollar In Series-B Funding [Type: News]
Bengaluru-based online fashion retailer Voonik has raised $20 million in series B funding led by marquee investor Sequoia Capital. The deal also saw participation from Times Internet, Seedfund and Freecharge founder Kunal Shah, among others.   ...
Ethnic e-tailer Craftsvilla Acquires Ethnic Food Space PlaceofOrigin [Type: News]
Mumbai-based Kribha Handicrafts Pvt Ltd, which runs e-commerce marketplace for ethnic products Craftsvilla Disrupt, has acquired PlaceofOrigin, an online gourmet food marketplace. Post acquisition, Ethnic Food Space PlaceOfOrigin founders Ashish Nich ...
Ritesh Agarwal OYO Raises $24M led Greenoaks for budget hotels [Type: News]
Delhi-based Oravel Stays Pvt Ltd, which runs an online marketplace for branded budget hotels OYORooms.com, has raised Rs 150 crore ($24 million) in a new investment round led by Greenoaks Capital, it said on Wednesday. The company said three exist ...
Online Home Rental Airbnb raises $1.5B Led By General Atlantic Others [Type: News]
Online home rental marketplace Airbnb Inc is said to be raising $1.5 billion in a fund raising round led by U.S. private equity firm General Atlantic with participation from Hillhouse Capital, Tiger Global and others.This fundraising round values Air ...
Healthkart 1MG acquires Online Homeopathic Drug Store Homeobuy [Type: News]
Gurgaon-based Healthkart’s drug search business 1MG, has acquired online homeopathic drug store Homeobuy. With the acquisition, Homeobuy has been rebranded to 1mgAyush, that will now deal in Homeopathic and Ayurvedic medicines and will operate ...
Alibaba May Pick Up Micromax Stake For One Billion Dollar [Type: News]
New Delhi: China’s Alibaba Group Holding Ltd is close to finalizing a near $1 billion deal to acquire a significant stake in Indian mobile phone maker Micromax Informatics Ltd. If the deal goes through, Alibaba will invest $500-600 million o ...
US-based venture capital firm Lightspeed Raises $135M for its Maiden India Fund [Type: News]
US-based venture capital firm Lightspeed Venture Partners has mobilised $135 million (Rs 875 crore) in its maiden India-dedicated fund as it bets big on the fast growing Indian startup ecosystem, according to a disclosure to the US Securities and Exc ...
Budget Hotel Marketplace Zo Rooms Secures $30M In Fresh Round From Tiger Global And Orios Venture Pa [Type: News]
Room rental service Zo Rooms has raised $30 million from existing investors Tiger Global Management and Orios Venture Partners, reports TheTradeBoss. The startup will use the funds for expanding to other cities. Note that just last month Zo Rooms had ...
Food Ordering Firm Tinyowl Roadrunnr To Merge To Take On Swiggy Zomato [Type: News]
Food ordering firm TinyOwl Technology Pvt. Ltd and logistics firm Carthero Technologies Pvt. Ltd (Roadrunnr) will start operating as a combined company called Runnr by the end of May, according to three people directly involved with the deal.   ...
Snapdeal in advance talks to buy Freecharge for Rs 2,800 crore: Sources [Type: News]
 BENGALURU: Snapdeal is in advanced talks to buy online mobile recharge platform Freecharge for $450 million (Rs 2,800 crore) in what will be the biggest deal in India's consumer Internet industry, according to two people involved in the transac ...
eCommerce marketplace Groupon reported more than 0.51 million active deals at the end of Q2FY15 [Type: News]
Groupon reported more than 0.51 million active deals globally for the quarter ended June 30, 2015 (Q2FY15), up from 0.24 million in the same quarter last year. Of this, North America region accounted for more than 0.24 million deals (240,000 deals) f ...
BankBazaar Raises 375 Cr Investment Led by Amazon [Type: News]
BankBazaar.com, a financial marketplace, raised Rs 375 crore in Series C round of funding led by Amazon with participation from Fidelity Growth Partners and Mousse Partners. Existing investors Sequoia Capital and Walden International also participate ...
ClearTax Raises 12M Dollar Funding From SAIF Partners [Type: News]
ClearTax, a start-up that helps individuals and businesses file their tax returns online, has raised $12 million in a funding round led by SAIF Partners, the firm said on Friday.The firm, run by Defmacro Software Pvt. Ltd, in May raised $2 million ...
Cab Hailing Service Ola Revenue Rises Eight-Fold To Rs 418 Cr [Type: News]
Cab hailing service Ola has registered an eight-fold jump in revenue in 2014-15 from a year ago, documents showed, riding on discounts and driver incentives powered by two large funding rounds that helped it widen its lead over rival Uber Technologie ...
Paragon Partners Launches 200M Dollar Mid-Market Private Companies In India [Type: News]
Indian private equity investor Siddharth Parekh and entrepreneur Sumeet Nindrajog are launching a $200 million India focused fund. The duo announced today that they have raised $50 million in commitments, marking the first close of their $200 million ...
On Demand Home Services Platform Zimmber in Final Stage Raise $12 Million Funding [Type: News]
NEW DELHI: Mumbai-based Rejuvenate Solutions, which owns and operates on-demand home services platform Zimmber, is in the final stages of discussions to raise its next round of funding, estimated at $12 million (about Rs 77 crore). According to ...
Seed Investor Blume Venture close to raise $60M to back a dozen new startups a year [Type: News]
Mumbai-based seed investor Blume Ventures which provides seed funding in the range of $50K – $300K to early-stage tech-focused/tech-enabled ventures, is close to raise $60 million second fund by December. The raised funds will be used to make i ...
Craftsvilla Buys Shipping Service Provider Sendd for 4.5M Dollar [Type: News]
Craftsvilla has acquired on-demand shipping service provider startup Sendd for a deal amount of $4.5 million. With this acquisition, Craftsvilla wants to strengthen and streamline its logistics capabilities. As part of the deal, Sendd will continue t ...
Snapdeal in talks to acquire online recharge provider FreeCharge [Type: News]
Online marketplace Snapdeal is reportedly in talks to buy online recharge service provider FreeCharge, reports Live Mint, citing two undisclosed sources familiar with the discussion. Although, the valuation of the deal is not known. According to ...
Cloud Telephony Company Acquired Customer Engagement Platform Smartwards [Type: News]
Cloud telephony company Knowlarity Communications has acquired Delhi-based Smartwards, a customer engagement platform that simplifies loyalty for local businesses and their customers, for an undisclosed amount.   As part of the move, co-founde ...
Myonsto Raises Rs 2Cr from Oswal Industries’ Director Jayant Bokadia [Type: News]
 Ahmedabad-based online grocery store, Myonsto.com has raised Rs 2 crore in angel funding from Oswal Industries’ Director Jayant Bokadia, for upgrading technology and for expansion in Gujarat.       Started in March by S ...
Mobile Gaming Startup Mech Mocha Raises Funding From Flipkart And Blume Ventures [Type: News]
Mobile gaming firm Mech Mocha has raised an undisclosed amount of seed funding from e-commerce major Flipkart and seed-stage investor Blume Ventures. Flipkart has been active in the mobile gaming space after having backed offline gaming startup MadRa ...
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