It is currently operating in Mumbai.
The money will be utilised to strengthen its IT backbone and for bringing new financial products/ features on the platform.
It had raised seed capital of $1.6 million from Accel Partners in July 2014.
It will use the money for product development and geographical expansion.
It will use the funding to expand team and build its technology platform.
It aims to reach 25,000 teachers and half a million students within three years.
CEO Kunal Bahl expects Snapdeal to generate profits within three years.
It was founded in 2011.
It aims to have 50,000 rooms across 100 cities on its network by December.
It supplies to global toys giant Hasbro among others.
TripFactory was founded in 2013 by Via.com co-founders Amit Aggarwal and Vinay Gupta.
In 2011, it had raised funding from a bunch of angel investors.
It was the first startup selected for Green House Ventures' accelerator programme.
It plans to open 50 delivery outposts in Mumbai.
Close to making its first investment.
Flipkart’s Bansals also invest in medical tech startup Wrig Nanosystems.
Cartisan will extend its operations beyond Bangalore and broaden its service provider network.
Co-founder Bala Parthasarathy quits; former product head of MakeMyTrip, Amit Somani, joins as managing partner.
It will use the money to venture into Southeast Asia and for expanding India operations.
It will use the money to build data models and for platform development.
Very well explained.
It is time to pose for some time and let there be a consolidation of this space...... There is going to be number...
IT IS VERY INTERESTING TO NOTE THAT US $ 50 M SIZE IS CATEGORIZED AS START-UP INVESTMENT......
Great article. Agree with the authors that further checks and conditions should be imposed in the long termfor...