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From Uber to Zomato, tech startups struggle to sustain valuations

Technology

09 May, 2016

From Uber to Zomato, tech startups struggle to sustain valuations

After Flipkart facing markdowns in valuation to the tune of 20-40% from US mutual funds, another Indian tech unicorn is ......

Truck aggregator Moovo acquires Patna-based GoGoods

TMT

09 May, 2016

Truck aggregator Moovo acquires Patna-based GoGoods

Truck aggregator Moovo.in, run by OrbitNote Technologies Pvt. Ltd, has acquired Patna-based GoGoods Pvt. Ltd, a similar venture which aggregates ......

Stayzilla appoints ex-Twitter exec Pankaj Gupta as product & tech head

TMT

09 May, 2016

Stayzilla appoints ex-Twitter exec Pankaj Gupta as product & tech head

Chennai-based Inasra Technologies Pvt. Ltd, which runs hotel booking site Stayzilla, has appointed former Twitter executive Pankaj Gupta as chief ......

Apple promotes sales director Sanjay Kaul as India head

TMT

09 May, 2016

Apple promotes sales director Sanjay Kaul as India head

Apple Inc has finally found its new India head in Sanjay Kaul. The Cupertino-based technology giant – which earlier this ......

Jeff Bezos sells 1% of his Amazon stake for $671 mn

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09 May, 2016

Jeff Bezos sells 1% of his Amazon stake for $671 mn

E-commerce bellwether Amazon.com Inc's founder Jeff Bezos has pocketed around $671 million by selling just over a million shares in ......

Cloud telephony firm Knowlarity buys customer engagement startup Smartwards

Technology

09 May, 2016

Cloud telephony firm Knowlarity buys customer engagement startup Smartwards

Gurgaon-based cloud telephony firm Knowlarity Communications Pvt. Ltd has acquired customer engagement firm Smartwards ......

Kids entertainment portal Imaginry raises $450K in angel funding

TMT

09 May, 2016

Kids entertainment portal Imaginry raises $450K in angel funding

Children's entertainment portal Imaginry, run by Bangalore-based Toko Innovations Studios Pvt. Ltd, has raised Rs 3 crore (around $450,000) from ......

Exfinity leads $2.75M Series A funding round in logistics startup Locus

TMT

09 May, 2016

Exfinity leads $2.75M Series A funding round in logistics startup Locus

Venture capital firm Exfinity Venture Partners has led a $2.75 million (around Rs 18.3 crore) Series A funding round in ......

Aurionpro Solutions to buy US-based startup Spikes Security

TMT

09 May, 2016

Aurionpro Solutions to buy US-based startup Spikes Security

Mumbai-based enterprise security company Aurionpro Solutions Ltd has agreed to acquire Silicon Valley-based startup Spikes Security for an undisclosed sum.A ......

Michael & Susan Dell Foundation earmarks additional $50M for India

TMT

11 May, 2016

Michael & Susan Dell Foundation earmarks additional $50M for India

Global philanthropic organisation Michael and Susan Dell Foundation (MSDF) has earmarked an additional $50 million (about Rs 333 crore) for ......

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