TECHNOLOGY

E-commerce solutions provider Kreate Konnect raises seed investment

March 01, 2017 | Disha Sharma

Kreate Konnect, which manages operations for e-commerce companies, has raised an undisclosed amount of investment from advertising agency Langoor, one of the company’s co-founders told VCCircle.

Lending startup RedCarpet raises $2.5 mn from Lightspeed

March 01, 2017 | Shruti Jain

Gurgaon-based micro-lending startup RedCarpet Tech Pvt Ltd has secured $2.5 million (Rs 16 crores) in a funding round led by venture capital firm Lightspeed Venture Partners, according to a financial daily.

Ideaspring makes maiden investment in packaging software startup Karomi

March 01, 2017 | Binu Paul

Marking its first investment, early-stage venture fund Ideaspring Capital has put in a little over $500,000 (Rs 3.5 crore) in Chennai-based Karomi Technology Pvt. Ltd, which runs Karomi, a tech startup in the packaging artwork management space.

Exclusive: Makaan co-founder launches workspace aggregator The Office Pass

March 01, 2017 | Disha Sharma

Aditya Verma, co-founder of real estate company Makaan.com, is starting up again. This time, he is launching a co-working firm called The Office Pass.

Ankit Nagori and Mukesh Bansal’s CureFit acquires Kristys Kitchen

March 01, 2017 | Disha Sharma

Healthcare platform CureFit has acquired Bengaluru-based premium online food delivery startup  Kristys Kitchen in a cash and equity deal, the company said in a statement today. 

Exclusive: Sistema Asia Fund investing in Bangalore-based startup

March 01, 2017 | Arti Singh

Sistema Asia Fund, a $50 million venture capital fund floated by Russian conglomerate Sistema JSFC last year, has made its fourth investment in India, a person aware of the development told VCCircle.

Hiring startup Belong.co ropes in former Groupon top exec

March 01, 2017 | Shruti Jain

NASDAQ-listed deals aggregator Groupon Inc’s chief operating officer Bharath Devanathan has joined Bangalore-based recruitment solutions startup Belong.co as chief customer officer, his LinkedIn profile shows.

Morgan Stanley slashes Flipkart valuation to $5.39 bn

February 28, 2017 | Binu Paul

Indian e-commerce firm Flipkart has suffered its second markdown in as many months with a mutual fund managed by Morgan Stanley slashing the value of its stake in the company by 3%.

Exclusive: Agri-tech startup Paalak.in raises seed funding

February 28, 2017 | Binu Paul

Delhi-based VDSS Agri Tech Pvt. Ltd, which owns and operates agri-tech startup Paalak.in, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. 

Hotel solutions provider Hostmaker raises $6.5 mn from Ventech, others

February 28, 2017 | Disha Sharma

Hospitality management services startup Hostmaker.co has secured $6.5 million (Rs 43.37 crore) in Series A funding led by Paris-based venture capital fund Ventech and existing investor DN Capital, the company said in a press statement.

ShopClues appoints former Zopper, Reliance execs to lead marketing, HR

February 28, 2017 | Disha Sharma

E-commerce firm ShopClues has appointed Zopper executive Harneet Singh as vice president of marketing and Reliance executive Babu Vittal as head of human resources, a statement issued by the firm said.

Exclusive: Fashion search platform SeenIt raises pre-Series A funding

February 28, 2017 | Arti Singh

SeenIt Online Pvt.

Uber fires Amit Singhal for not disclosing sexual harassment charge at Google

February 28, 2017 | Dearton Thomas Hector

US-based Uber Technologies Inc. has asked senior vice president of engineering Amit Singhal to resign from the company for reportedly failing to disclose a sexual harassment allegation at his previous organisation Google.

PayU to widen fintech play, bets on cross-border payments, offline business

February 28, 2017 | Arti Singh

Naspers-owned payments gateway PayU India is betting big on the fintech space in India. While its primary focus will be on payments, particularly cross-border payments, it is also entering the credit business and offline space.

What's firing up Infibeam

February 28, 2017 | Deepti Chaudhary

India's e-commerce story is a familiar one—cash burn, negative unit economics and a pipe dream called profitability, all in the name of customer acquisition.

Delhivery in talks to raise $100 mn from Carlyle, Fosun

February 28, 2017 | Varun Arora

Gurgaon-based ecommerce logistics firm SSN Logistics Pvt.

Big data hiring startup Belong raises $10 mn from Sequoia, Matrix Partners

February 28, 2017 | Binu Paul

Bangalore-based recruitment solutions startup Belong.co, owned and operated by Belong Technologies India Pvt. Ltd, has raised $10 million (Rs 67 crore) in Series B funding led by Sequoia Capital India.

Exclusive: Deals platform Couponhaat raises funding from Austria-based angel investor

February 28, 2017 | Disha Sharma

Online deals startup Couponhaat has raised an undisclosed amount of investment in its pre-Series A round from Austria-based angel investor Alex Wawrina, a top company executive told VCCircle.

K'taka HC bars protestors from stopping Uber cabs; strike may spread to Mumbai

February 27, 2017 | Binu Paul

US-based Uber Technologies Inc's India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Karnataka High Court that bars protesters, including union leaders and members, from blocking and stopping the company's cabs.

ItzCash to strengthen hold in expense management, backs fintech startup Finly

February 27, 2017 | Arti Singh

Mumbai-based digital payments company ItzCash Card Ltd has made an undisclosed equity investment in Bangalore-based expense management firm Finly.

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