Matrix Partners to fully exit from hospital chain Cloudnine

February 20, 2017 | Joseph Rai

Kids Clinic India Pvt. Ltd, which operates maternity and infant care chain Cloudnine Hospitals, said on Monday multi-stage venture investor Matrix Partners has decided to sell its entire stake in the company.

Photo-sharing app Vebbler selected for FbStart

February 20, 2017 | Disha Sharma

Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt. Ltd, has been selected by social media giant Facebook for its FbStart programme, the startup said in a statement.

Exclusive: IAN makes first close of maiden venture fund

February 20, 2017 | Disha Sharma

Indian Angel Network's eponymous IAN Fund has marked its first close, receiving commitment from investors within the network as well as high-net-worth individuals (HNIs) overseas, two people familiar with the development told News Corp VCCircle. 

Exclusive: Orios Venture Partners raises second fund

February 20, 2017 | Deepti Chaudhary

Orios Venture Partners has closed the fundraising process for its second fund at a lower-than-targeted level but plans to hit the road again within the year, as the Mumbai-based venture capital firm looks to accelerate its pace of investments after staying on the sidelines in 2016.

IDG, Accion to invest more in CreditMantri

February 20, 2017 | Dearton Thomas Hector

Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors, said a report in a financial daily on Monday.

Paytm bets $89 mn on QR code payment system

February 20, 2017 | Arti Singh

Digital wallet firm Paytm, operated by One97 Communications Ltd, plans to invest Rs 600 crore ($89 million) to develop a QR code-based payments solution, several media reports stated.

True Balance raises $15 mn from SoftBank Ventures Korea, others

February 20, 2017 | Disha Sharma

Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance, has raised Rs 100 crore ($15 million) in a Series B round led by existing investor SoftBank Ventures Korea, part of Japanese Internet conglomerate SoftBank Group Corp, and IMM Investment Group.

Why a potential Snapdeal-Paytm merger makes perfect sense

February 18, 2017 | Arti Singh

Will they? Won't they? Rumours come and go, but those around India's third-largest e-commerce company Snapdeal's merger refuse to die down, even though the suitors keep changing. 

Indian IT industry faces twin challenges of Trump, automation

February 18, 2017 | Reuters

Automation and the new US administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. launches accelerator programme for startups in sustainable tourism

February 17, 2017 | Shruti Jain

Accommodation booking website has launched a new accelerator initiative, the Booking Booster Programme, for startups in the tourism segment.

Is Flipkart clawing back in the game against Amazon?

February 17, 2017 | Binu Paul

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig.

News website The Ken raises $400K from angels

February 17, 2017 | Disha Sharma

Subscription-based news startup, The Ken, has raised $400,000 (Rs 2.68 crore) from a clutch of investors, the company said in an email statement.

Flipkart has no plans to cut jobs, says COO Nitin Seth

February 17, 2017 | Manu P Toms

Flipkart's chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country's e-commerce sector, will engulf the company as well. 

Urban Ladder raises $15 mn from Kalaari, SAIF and others

February 17, 2017 | Dearton Thomas Hector

Bangalore-based Urban Ladder Home Décor Solutions Pvt. Ltd, which runs online furniture store Urban Ladder, has raised close to Rs 102 crore (around $15 million) in a fresh round of funding from existing investors.

VR startup Imaginate raises $500K from SRI Capital

February 17, 2017 | Disha Sharma

Imaginate Technologies, Inc, an augmented reality (AR) and virtual reality (VR) startup, has raised Rs 3.35 crore ($500,000) in seed investment from venture fund SRI Capital, a top company executive told Techcircle.

Exclusive: Biryani By Kilo raises angel funding

February 17, 2017 | Arti Singh

Gurgaon-based food startup Biryani By Kilo has secured angel funding from a clutch of investors, the company's founder Kaushik Roy told VCCircle.

Used car marketplace Truebil raises $3 mn from Chinese VC fund

February 16, 2017 | Shruti Jain

Truebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital.

Bluestone narrows revenue gap with Caratlane

February 16, 2017 | Dearton Thomas Hector

The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year.

DSG Consumer backs art marketplace Insignia

February 16, 2017 | Shruti Jain

Gurgaon-based art venture Insignia Art Collect Pvt Ltd has raised Rs 3.5 crore ($520,000) from early-stage investment firm DSG Consumer Partners, a financial daily reported.

YourStory raises $3 mn in fresh funding; FY16 revenue soars

February 16, 2017 | Dearton Thomas Hector

Bengaluru-based digital media company YourStory Media Pvt. Ltd, which runs, has raised $3 million (about Rs 20 crore) in a fresh round of funding, filings with the Registrar of Companies (RoC) show.