Online Mutual Fund Startup Wealth Bucket Raises Fresh Funds

Fintech and online investment startup Wealth Bucket raised $2.52 Mn or Rs 18 crore on the last day of 2019. This is presumably and reportedly pre-Series A round for the Delhi based investment firm. NorthStar Ventures and slew of high net worth investors spearheaded the funding round. The startup said it will use the latest capital…

ByGirish ShettiJanuary 1, 20200Comments

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It’s Official: Flipkart Pumps $60 Mn in Logistics Startup Shadowfax

After months of speculations, Flipkart has finally led a $ 60 Mn funding round in popular logistics startup Shadowfax. Media reports were rife since August that Walmart owned company has signed a term sheet to pump $ 40 -50 Mn funds in the Bengaluru headquartered logistic firm. Techpluto had also covered a story on its…

ByGirish ShettiDecember 6, 20190Comments

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Trade Finance startup Drip Capital strikes Partnership with Canvs

Prominent Fintech startup Drip Capital has sealed a partnership with Canvs – a leading community of designers – for fulfilling plethora of design and technological solutions. As part of this deal, Canvs helped in completely redesigning Drip Capital’s seller portal, which will help sellers to effortlessly create & manage invoice limits as well as using…

ByGirish ShettiDecember 3, 20190Comments

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Mindtree co-founder Rostow Ravanan Wants a Pie in Fast Growing SaaS Market

Rostow Ravanan, co-founder of India’s mid-size IT company Mindtree, is apparently the latest member to make debut in India’s burgeoning startup industry. According to Economic Times (ET) report, Ravanan is all set to start a software as a Service (SaaS) startup that will primarily concentrate on healthcare and manufacturing sectors. The co-founder may very well sell…

ByGirish ShettiNovember 27, 20190Comments

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Smartworks Inks India’s Largest Co-working Space Deal

India’s leading co-working startup, Smartworks, has inked a real estate deal to rent 5.00.000 sq. ft. space for an upcoming co-working project in the city of Pune. Although the project will become operational only in 2021, once the project becomes operational it will help Smartworks in consolidating its presence in critically important city of Pune.…

ByGirish ShettiNovember 20, 20190Comments

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Foodtech Major Zomato trims Cash Burn Rate by more than 50%

It is no secret that foodtech sector’s overreliance on the strategy of deep discounting has resulted in higher cash burn rate, eventually leading to erosion in profitability and piling up losses. Therefore it is no brainer that success of any foodtech company would depend on its ability to control its cash burn rate. It seems that…

ByGirish ShettiNovember 13, 20190Comments

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Seed Funding Specialist 100X.VC Announces Corporate Venture Capital Program

100X.VC, India's only venture capital fund to invest in 100 startups in a year using iSAFE notes, has announced a formal corporate venture capital (CVC) program. Under this program, 100X.VC will on board Indian corporates as investment partners. Under this program, CVC partners can now leverage 100X.VC funded startup companies as their deal flow for the…

ByGirish ShettiNovember 13, 20190Comments

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Luxury Home Developer Isprava Enters Rental Accommodation Space

Isprava, India’s leading luxury home developer, currently builds homes in Goa, Coonoor and Alibaug and has scaled up its operations into the holiday home rental space, by launching ‘Lohono Stays’. ‘Lohono Stays’ by Isprava, intends to add a new range of stunning holiday homes to its portfolio. Alongside renting Isprava-built homes, Lohono Stays enters in to…

ByGirish ShettiNovember 12, 20190Comments

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E commerce startup Snapdeal is in talks for Raising Fresh Funds: Report

Embattled e commerce startup Snapdeal, which at one point was tinkering on the verge of collapse, is now reportedly engaged in fresh talks to raise funds from existing as well as new investors. Reports claim that the Gurgaon based company is looking to raise approximately $100 Mn in the latest round. The talks of fresh…

ByGirish ShettiNovember 12, 20190Comments

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WhatsApp Non-compliant for Payment Business, RBI Directs SC

Instant messaging giant WhatsApp may end up paying enormous price due to the ongoing snooping controversy. According to several media reports, the Reserve Bank of India has told the Supreme Court that the Facebook-owned platform is non-compliant with India’s data localization rules and has therefore directed NPCI to prevent WhatsApp from starting full-fledged payment services. WhatsApp…

ByGirish ShettiNovember 8, 20190Comments

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