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Private Label Lingerie e-tailer Clovia raises series under $5 Mn in Funding From IvyCap Ventures [Type: News]
Online lingerie retailer Clovia, earlier known as Cloe, has grabbed undisclosed Series A round of funding from IIT and IIM alumni-backed venture capital firm IvyCap Ventures. Though the amount remains undisclosed, but according to the sources close t ...
Ratan Tata invests in global telecom carrier Sabse Technologies [Type: News]
Global telecom carrier Sabse Technologies Inc, started by Hotmail founder Sabeer Bhatia, has announced that Tata Sons' Chairman Emeritus Ratan Tata has made a strategic investment in the company. The Silicon Valley-based company, which operates Sa ...
Microsoft Launches BizSpark Plus Programme Startup Ecosystem In India [Type: News]
Software giant Microsoft on Tuesday brought to India its global programme that helps software start-ups by giving them access to Microsoft software development tools and connecting them with key industry players, including investors. As part of th ...
Amazon Silently Acquired Shoefitr To Improve Footwear Selling Quality [Type: News]
It looks like Amazon has made another acquisition under the radar, this time to boost online sales in fashion. The company has purchased Shoefitr, a startup based in Pittsburgh that has developed 3D technology to help match online shoppers with shoes ...
F Cubed founder Anu Duggal raises Rs 30 crore for women-led startups [Type: News]
Anu Duggal, an Indian-American founder of seed capital fund Female Founders Fund, or F Cubed, last week completed raising $5 million, or about Rs 30 crore, to invest in women-led startups. Why? Because there's a huge gap in early-stage funding ...
Food-Tech Startup First Eat Get 200K Dollar In Seed Investment [Type: News]
Food-tech startup First Eat, run by F. E. Food Tech Pvt Ltd, get $200,000 (around Rs 1.4 crore) in seed investment from an undisclosed serial investor, who is an F&B entrepreneur in Gurgaon.   The new capital will be used to expand operati ...
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 ...
PE firm TVS Capital acquire minority stake Rs 25Cr Beauty eCommerce Startup Nykaa [Type: News]
TVS Capital Funds Ltd, the private equity and venture capital arm of TVS Group, is all set to acquire a minority stake in Nykaa, an online beauty products retailer. The TVS Capital Funds will invest about $3.76 Mn (INR 25 Cr.). TheTradeBoss Report ...
Notonthehighstreet Losses Widen in Year Of Investment [Type: News]
Notonthehighstreet.com has reported swelling full-year losses as investments in its technological capabilities offset rising sales.   The bespoke online marketplace notched up a pre-tax loss of £8.6m in the year to March 31 compared with ...
Mahindra welcomes BabyOye.com on board, FirstCry raises $26 mn in 4th round [Type: News]
Parents in India may or may not be shopping for nappies online but sites selling babycare products continue to find new parents. The latest to join this league is BabyOye.com which has just been acquired by Mahindra Group. The news came to light ...
Student Education Tracking App Uolo Raises Seed Funding Purvi Ventures [Type: News]
Student education tracking app Uolo Technology Pvt. Ltd, which runs an app that allows schools and parents to communicate with each other, has raised $210,000 (around Rs 1.4 crore) in seed funding from Purvi Ventures, Sunstone Business School directo ...
Ratan Tata invests in taxi-hailing company Ola Cabs [Type: News]
Mumbai: Ratan Tata, chairman emeritus of Tata Sons Ltd, has made an undisclosed investment in online taxi-hailing service Ola, his seventh investment in a domestic start-up in the past 11 months. Tata had earlier invested in online marketplace S ...
Snapdeal, Ola investors refuse SoftBank’s buyout offer [Type: News]
While finalizing the to infuse capital in online retailer Snapdeal and taxi aggregator Ola last month, Japanese telecommunications and Internet corporation SoftBank Corp had also made an offer to buyout shares of angels and some early venture-capital ...
US Storage Giant Western Digital Acquires Startup UpThree For Cloud Storage [Type: News]
Western Digital Technologies has made some big announcement this week. The US storage giant has just announced that it has acquired the Cloud Services Startup Upthere to beef up its cloud-based services. However, financial terms of the deal were not ...
ManageMySpa software solution startup Raises $6M From Accel Partners [Type: News]
MUMBAI: ManageMySpa, a software solution startup founded by Silicon Valley returned serial entrepreneur Sudheer Koneru, has raised $6 million (about Rs 38.4 crore) in series A funding from Accel Partners. The Seattle and Hyderabad-based company, fo ...
Firstcry.com offline store count reaches 100-mark [Type: News]
Online baby products portal Firstcry's offline store count has touch the 100-mark. It now has an offline presence in 82 cities and towns. In May the company had 70 stores, all through the franchise format. The brand pursues what is known as th ...
Droom Raises Series B Led By Beenext And Digital Garage [Type: News]
Online marketplace for used automobiles Droom has raised an undisclosed amount in its Series B funding round from investors led by venture capital fund Beenext and Japanese internet company Digital Garage.   Lightbox, Beenos and other existing ...
Koding Raises $10M To Speed Up Development With Its Cloud-Based IDE [Type: News]
Koding, a startup that has constructed a cloud-based integrated development environment in which developers can quickly start writing and debugging code, is announcing today a $10 million round of funding.       And today the start ...
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 ...
Mumbai based Food Startup Holachef Raises Rs 20 Crore led by Kalaari [Type: News]
Holachef, a Mumbai-based online restaurant, has raised Rs 20 crore in venture capital funding led by Kalaari Capital with participation from existing backer India Quotient. The funding will be used by the one- year-old startup to invest in modern inf ...
Amazon in talks to acquire Jabong? [Type: News]
Amazon CEO Jeff Bezos during his India visit had said he was excited about the potential of the fashion industry in India,  and it looks like the Indian arm is already acting on it by beginning talks with Indian fashion e-tailer Jabong to acquir ...
Morgan Stanley investment 50 million Dollar in Flipcart Sources [Type: News]
Fast-growing private companies such as Uber Technologies, Pinterest and Flipkart Online Services have attracted billions of dollars in investment from US mutual funds, marking an increase in overall pre-IPO betting over the past few years, analysts a ...
Lenskart e-Tailer Raises Rs 200 Crore From Premji Invest [Type: News]
PremjiInvest has invested about Rs 200 crore in the Delhi-based e-retailer Lenskart.   The move will help the online eyewear retailer gain from Premji Invest's extensive experience across retail brands, Lenskart CEO and Founder Peyush Bansal s ...
Bangalore Based Startup Infurnia Raises Funding From Idein Ventures [Type: News]
Bangalore-based startup Infurnia, a provider of virtual reality technology for the furniture segment, has raised $160K in a funding round from UAE-based venture capital firm Idein Ventures.   As part of the deal, Mumbai-based serial entreprene ...
Snapdeal, Ola backers say no to SoftBank’s buyout offer [Type: News]
As SoftBank Corp was finalising deals to infuse capital in online retailer Snapdeal and taxi aggregator Ola last month, the Japanese Internet and telecom giant also made an offer to buyout shares of angels and some early venture-capital investors ...
Flipkart Secures Rs 4500-crore Fund Round in Big eCommerce Race Amazon readying $5 bn War Chest Plan [Type: News]
Flipkart has closed a funding round of $700 million (Rs 4,500 crore) at a valuation of $15 billion, scooping up capital for the first time this year as the battle for dominance in the Indian online retail market heats up.   New York-based ...
Weddingz Raises Undisclosed Funding From Sixth Sense Ventures [Type: News]
Weddingz  an online marketplace for wedding venues and vendors, has raised an undisclosed amount in pre-Series A funding from consumer-centric venture fund Sixth Sense Ventures.   The Mumbai-based startup will use the money raised for tec ...
DEALSANDYOU.COM CLOSES USD 17 MILLION FUNDING ROUND [Type: News]
dealsandyou.com (a Smile Group Venture), one of India’s largest daily deals sites, announced the closing of a US $17 Million round of funding, led by Mayfield Fund and Norwest Venture Partners (NVP). Nokia Growth Partners and Intel Capital also ...
Online Tea Seller Teabox Raises Investment From Ratan Tata [Type: News]
Teabox, a Darjeeling-based online tea retailer, has received an undisclosed amount of funding from Ratan Tata, chairman emeritus of Tata Sons Ltd, the company said. The latest round follows an earlier investment, estimated to be around $6 million, fr ...
Japanese Handmade Marketplace Creema Raises 10M Dollar From Globis Capital Partners [Type: News]
Creema is the latest handmade marketplace in Asia to raise new funding. The Japanese startup announced this week (link via Google Translate) that it has received 1.1 billion yen (about $10 million) from Globis Capital Partners and returning investor ...
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