Hotel aggregator OYO raises $250 million from Softbank Vision Fund, others

Gurgaon based hotel aggregator OYO has raised a massive amount of $250 million in a much-needed funding round led by the Japanese investor, Softbank Vision Fund.The newly acquired series D funding will help OYO to compete against in rivals MakeMyTrip, Yatra, ClearTrip, The newly acquired series D funding will help OYO to compete against in rivals…

ByPrashant SharmaSeptember 8, 20170Comments

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Credit scoring Startup CreditVidya Bags Fresh Funding from Matrix & Kalaari

fintech startup CreditVidya bags $5 m in fresh funding. Credit scoring startup CreditVidya has bagged nearly $5 Mn (Rs 32 crore) through fresh round of funding led by Matrix Partners India. Existing investor Kalaari Capital, which invested approximately $2 million last year, also participated in the round. As part of the pre-arranged deal, CreditVidya allotted 5,951 Series…

ByGirish ShettiSeptember 7, 20170Comments

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Lendingkart Technologies raises $10.5 million from Sistema Asia Fund and other investors

Lendingkart Technologies, an emerging SME lending startup led by founders Mukul Sachan and Harshvardhan Lunia, has raised $10.5 million from Singapore based Sistema Asia Fund along with ertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management. Sistema Asia Fund is also an investor in various other Indian startups like Seclore, Qwikcilver and Wooplr. Lendingkart…

ByPrashant SharmaSeptember 7, 20170Comments

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MakeMyTrip President and Ibibo Group founder Ashish Kashyap resigns

Renowned travel firm, MakeMyTrip on Wednesday announced the resignation of their President and Co-Founder Ashish Kashyap with effect from September 30, 2017. Ashish Kashyap, who was affiliated with the Ibibo Group for about 10 years has said that the merger of Ibibo Group with MakeMyTrip is one of the proudest moments of his life. He said that…

ByPrashant SharmaSeptember 7, 20170Comments

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Silicon Valley Investor Sequoia backs Bengaluru-based OncoStem with $6 million

OncoStem Diagnostics, an oncology-focused startup founded by Manjiri Bakre in 2011 raised $6 million from Sequoia, the California based investor. OncoStem's existing investor, Artiman Ventures also participated in the financing round. It has so far invested $3 million in the multiple transactions since its founding. OncoStem's primary focus is developing various tests that will assist in…

ByPrashant SharmaSeptember 6, 20170Comments

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Xiaomi partners with Google to launch Mi A1, its flagship Android One Smartphone in India

Xiaomi, the Chinese smartphone titan has partnered with Google to launch itd first Android One Smartphone. Android One is software and hardware standard in which building of smartphones is left to the partner manufacturers in each country and development and design of the devices is handled by Google. The main aim of the whole program is…

ByPrashant SharmaSeptember 6, 20170Comments

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Major Cryptocurrencies plummeted after ICO ban in China

On Monday Sep 4, China imposed an immediate ban on the Initial Coin Offerings which created a huge storm in the Cryptocurrency world. All the major digital currencies including Bitcoin, Ethereum and Litecoin came down by more than 20% on the breakout of this shocking news about the ICO ban in China. A committee led…

ByAnkit KumarSeptember 5, 20170Comments

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Online Saloon Startup Mazkara Acquires software firm BazingaLabs

Mazkara Acquires software firm BazingaLabs. Mazkara, which owns online salon platform Fabogo, has acquired Mumbai-based software firm BazingaLabs for an undisclosed amount. The acquisition deal is reportedly part cash and part equity. Mazkara said in an official statement that through this acquisition Fabogo will seek to leverage BazingaLabs’ expertise in mobile technology and thereby consolidate its…

ByGirish ShettiSeptember 4, 20170Comments

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True North and IDG Ventures Planning $20 M Investment in PolicyBazaar: Report

Private equity investor True North and venture capital firm IDG Ventures India are planning nearly $20 million investment in ETechAces Marketing and Consulting (parent company of online insurance aggregator PolicyBazaar), according to sources close to the matter. This investment is reportedly part of $78 million (Rs 500 crore) round led by asset management giant Wellington Management. This…

ByGirish ShettiSeptember 4, 20170Comments

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TCS creates a new brand for promoting its AI product Ignio

India’s largest software exporter Tata Consultancy Services (TCS) is creating a separate brand to promote its AI product Ignio. The IT giant launched this Services-as-a-software platform a few years back to help its global customers run their operations in SAP more effectively. It is also integrated with SAP ERP and is the world’s first neural…

ByAnkit KumarSeptember 4, 20170Comments

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