Olacabs close to raising $400M from DST Global, others
Mumbai-based ANI Technologies Pvt Ltd, which runs an online marketplace for cabs and car rental services under the brand Olacabs, is in talks to raise $400 million (around Rs 2,500 crore) from Russian investment firm DST Global with participation from its existing investors, sources familiar with the development told Techcircle.in. Techcircle.in ......
Brand building is everyone’s responsibility
The Asian business landscape provides an interesting platform from which to view the rapidly changing nature of branding and its importance to modern organisations, especially in the emerging world. While companies in the region face developing global trends similar to other regions, Asia experiences things at a faster pace and ......
PE-backed Rainbow Hospitals creating south-focused paediatric & maternal care chain
Hyderabad-based Rainbow Children's Medicare Pvt Ltd, which runs a chain of paediatric and maternal care hospitals under the Rainbow Hospitals brand, is building a wider presence in south India as part of its first phase of expansion plan, a top executive of the company told VCCircle.The firm, which had originally ......
Quikr raises $150M from Tiger Global, Kinnevik & Steadview Capital
Internet and mobile-based classifieds company Quikr Mauritius Holding Pvt Ltd, the parent company of Quikr India Pvt. Ltd which runs online classifieds site Quikr.com, has raised $150 million (over Rs 900 crore) from existing investors Tiger Global and Sweden's Kinnevik besides a new investor Steadview Capital Management, it said on ......
Local services marketplace LocalOye raises $5M from Tiger Global, Lightspeed
Mumbai-based Imma Web Pvt Ltd, the company behind mobile-only marketplace for local household and personal service providers LocalOye.com, has raised $5 million (Rs 31 crore) in Series A round of funding from Tiger Global Management and Lightspeed Venture Partners, according to a press release.The firm will use the funds to ......
Meru Cabs raises $50M from India Value Fund Advisors
Radio taxi company Meru Cabs has recently raised Rs 300 crore ($50 million) from its existing investor India Value Fund Advisors (IVFA), a senior IVFA executive told VCCircle.“The investments will be used for growth; since the entire industry is growing really fast, we need to maintain market share,” said Vishal ......
Online job referral service Round One raises funding from HT Media and Info Edge board member
Round One Network Pvt Ltd, which runs an online job referral platform Round One, has raised an undisclosed amount in its pre-Series A round of funding from HT Media (owner of Shine.com) and Arun Duggal, board member, Info Edge (India) Ltd (owner of Naukri.com), as per a company statement.The funds ......
mPOS startup Mosambee raises Series B round from Rajasthan Venture Capital & SIDBI VC
Mumbai-based Synergistic Financial Networks Pvt Ltd, which runs Mosambee, an mPOS solution provider, has raised an undisclosed amount in its Series B round of funding from existing investors Rajasthan Venture Capital Fund (RVCF) and SIDBI Venture Capital Ltd."RVCF and SIDBI will invest in two tranches and the deal is expected ......
Branded marketplace for budget hotels OYO raises $24M led by Greenoaks
Delhi-based Oravel Stays Pvt Ltd, which runs an online marketplace for branded budget hotels OYORooms.com, has raised Rs 150 crore ($24 million) in a new investment round led by Greenoaks Capital, it said on Wednesday.The company said three existing VC investors Lightspeed Venture Partners, Sequoia Capital and DSG Consumer Partners ......
India regulator recommends $456 mn fine on Airtel, Vodafone, Idea on Jio complaint
In a setback to incumbent telecom operators, sector regulator TRAI today suggested imposing Rs 3,050 crore penalty on Bharti Airtel, Vodafone and Idea for allegedly denying interconnectivity to newcomer Reliance Jio.TRAI, in its recommendation to the Department of Telecom, said it has found the trio to be non-compliant with licence ......
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