Food Tech startup HungerBox raises $4.5 Mn in Series A round

Food Tech startup HungerBox secures $4.5 Mn in Series A round Food and beverage tech startup HungerBox on Thursday announced that it has secured fresh funds in a Series A round. The round, which infused capital worth $4.5 Mn, was primarily led by Neoplux (an investment firm based in South Korea) and India’s home grown private…

ByGirish ShettiJuly 6, 20180Comments

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Blow to Cryptocurrencies: SC refuses to overturn RBI ban

India’s Supreme Court on refuses to overturn RBI's ban on cryptocurrencies. In a major blow to Cryptocurreny industry, India’s Supreme Court on Tuesday refused to overturn Reserve Bank of India’s (RBI) blank ban that bars banks and other financial institutions from trading into cryptocurrencies. The SC’s judgment over the sensitive issue, which was supposed to arrive…

ByGirish ShettiJuly 4, 20180Comments

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Facebook Partially Revokes ban on Cryptocurrency ads

Facebook does u-turn on Cryptocurrency ad ban. In a surprise move, Facebook has announced that it has revoked ban on cryptocurrency advertisements. However, the ban has been only partially lifted as ads related to ICOs and binary options will continue to face prohibition. Announcing about revocation of the ban, Facebook’s newly revised prohibited products and services policy…

ByGirish ShettiJune 28, 20180Comments

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PolicyBazaar earns Unicorn status with $200 Mn funding from SoftBank

PolicyBazaar raises over $200 Mn from SoftBank. Online insurance startup PolicyBazaar has become the latest entrant into the once elusive unicorn club, after it raised over $200 Mn from global tech investor SoftBank. The series F funding round was the result of almost six months of hectic negotiation between the Gurugram based PolicyBazaar and Tokyo headquartered…

ByGirish ShettiJune 26, 20180Comments

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Tencent backed Meituan-Dianping files for IPO in Hong Kong

Tencent funded Meituan-Dianping files for IPO. China’s popular all-in-one app Meituan-Dianping filed for an IPO in Hong Kong stock exchange during early trading hours on Monday. Through this public issue, the Tencent backed startup reportedly aims to raise nearly $4 billion at market valuation of approximately $60 billion. Meituan-Dianping has so far refused to comment on…

ByGirish ShettiJune 25, 20180Comments

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Weekly Funding Roundup: Swiggy, IndiQube, Wonderchef, Cashify & others raised funds

This week 13 promising startup secured funds. This week total 13 promising startups managed to secure funds from investors as funds keep coming by despite the ongoing funding crunch in the Indian startup ecosystem. Once again startups hailed from diverse sectors like online food delivery, Fintech, co-working space, healthcare among others. Here is a look down…

ByGirish ShettiJune 23, 20180Comments

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Zomato in discussion to raise $400 million from existing Investors: Report

Zomato in discussion to raise $400 million in fresh funding round. Online food delivery major Zomato is in discussion to fetch nearly $400 million through fresh funding round, according to people familiar with the matter. The development comes barely hours after Zomato’s main rival Swiggy raised $210 Mn from DST Global & other investors, propelling the…

ByGirish ShettiJune 22, 20180Comments

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Swiggy earns Unicorn tag with $210 Mn funding from DST Global & others

Swiggy raises $210 Mn funding from DST Global & other investors. Food delivery startup Swiggy has become the latest entrant in the coveted unicorn club after it raised $210 Mn in a fresh funding round that was led by DST Global, which is owned by Russian billionaire Yuri Milner. Existing investors Nasper, Meituan Dianping and hedge…

ByGirish ShettiJune 21, 20180Comments

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SoftBank backed Oyo Rooms starts Operation in China

Oyo Rooms starts operation in China. Budget hotel provider Oyo Rooms on Wednesday officially announced its foray into China’s burgeoning hospitality industry. This is Softbank backed startup’s third foreign venture as it has already forayed into Nepal and Malaysia’s hospitality market. Oyo Rooms said that its current chain of hotels in China compromises of 11,000 exclusive…

ByGirish ShettiJune 21, 20180Comments

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Paytm acquires Tiger Global and Flipkart funded Cube26

Paytm acquires mobile technology startup Cube26 India’s largest digital wallet company Paytm has acquired Delhi based mobile technology startup Cube26. The financial details of the acquisition have not been disclosed, triggering the speculation that this might be an acquihire. Following the acquisition, Cube26’s entire team will merge with Paytm and work towards creating mobile engagement features for…

ByGirish ShettiJune 19, 20180Comments

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