Paytm joins hands with Booking.com to expand its travel biz
Alibaba-backed digital wallet company Paytm has tied up with US-based online travel portal Priceline Group’s Booking.com, to facilitate accommodation bookings on its platform.Under the partnership, accommodation aggregator Booking.com’s assortment of over 1.1 million domestic and international accommodations will be offered to Paytm’s 200 million wallet user base, the company said ......
Dubai-based angel investors back truck aggregator Ezytruk
Bangalore-based logistics and truck aggregator Ezytruk Solutions Pvt Ltd has raised $147,000 (Rs 1 crore) in angel investment from Dubai-based investors Ajith Nair and Anish K.The startup will use the fresh capital to establish its commercial operations and invest in marketing and Internet of Things (IoT) development, a top company ......
Sequoia, Fosun invest $15 mn in travel marketplace ixigo
Gurgaon-based Le Travenues Technology Pvt Ltd, which runs online travel search engine ixigo, has raised $15 million (about Rs 100 crore) in a Series B funding round led by Sequoia Capital, ixigo co-founder and CEO Aloke Bajpai told VCCircle.Fosun Kinzon Capital Pvt Ltd had also participated in the round. The ......
Stock market investor Shivanand Mankekar backs a tech startup
Academician and stock market value investor Shivanand Mankekar has entered the startup investment circles by backing a health-tech platform in what is his first known venture-stage investment.Mankekar, along with his wife Laxmi and son Kedar, has invested Rs 20 crore ($3 million) to pick up 7.15% stake in 91Streets Media ......
Acquisitions to drive revenue & product expansion: M Balasubramaniam, CEO, Cura
Chennai-based medical technology company Cura Healthcare Pvt. Ltd, which is focused on the diagnostic imaging space, has been offering pre-owned products including high-end MRI systems. The company is currently working on getting certification for its indigenously manufactured patented digital radiography systems which it will be launching soon. The firm has ......
Mankind Pharma picks industry veteran for diagnostics biz float
Drugmaker Mankind Pharma Ltd is entering the diagnostics business and has picked a prominent industry veteran to spearhead the venture, two persons privy to the development told VCCircle.This will push the New Delhi-based company, which was founded in 1986 by chairman RC Juneja and was incorporated in 1991, beyond its ......
Logistics startup BlackBuck gets $70 mn from Sands Capital, others
Tiger Global-backed Zinka Logistics Solutions Pvt. Ltd, which operates business-to-business logistics startup BlackBuck, has raised $70 million (Rs 476 crore) in a Series C funding round.The round was led by Sands Capital, the Bangalore-based startup said in a statement. Existing investors Accel Partners and Flipkart also participated in this round.International ......
Corporate treasuries new source of capital for local hedge funds: Avendus’ Holland
In September last year, Mumbai-based Avendus Capital hired the entire top management of Ambit Investment Advisory including CEO Andrew Holland to grow its hedge fund business. Holland, who now heads the asset management business of Avendus, has hit the ground running; in February, Avendus floated a hedge fund with a ......
Social startup Haqdarshak secures angel funding, $2 mn commitment
Bangalore-headquartered Haqdarshak Empowerment Solutions Pvt. Ltd, a tech-enabled social enterprise, has raised close to Rs 1.25 crore ($191,000) in angel funding from a clutch of investors, including WonderChef managing director Ravi Saxena and former Infosys executive Sandeep Raju.Besides, for its pre-Series A funding round, the startup has secured in-principle commitment ......
After Jugnoo, bike taxi startup Baxi launches cab-hailing services
Delhi-based 74 BC Technologies Pvt. Ltd, which runs bike taxi startup Baxi, has forayed into the cab-aggregation space through tie-ups with drivers in various cities, cashing in on their growing discontent against Ola and Uber which have slashed driver incentives.Ashutosh Johri, co-founder and chief executive of Baxi, told VCCircle that ......
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