Sachin Bansal may book ride in Ola with $100 Mn funding

Sachin Bansal seems to be on the cusp of a history. Flipkart co-founder is said to be on the verge of closing India’s largest personal investment deal in India’s internet space. If grapevines are to be believed, Bansal is likely to pump $100 Mn or Rs 740 crore in the ride hailing company Ola. According to…

ByGirish ShettiOctober 11, 20180Comments

News

IDG Ventures sharpens focus on Indian startups with a new name

IDG Ventures India, one of the formidable players in the early stage investment, has tweaked its brand name. The venture capital firm will be now known by a native Indian name ‘Chiratae Ventures.’ The rebranding is part of company’s strategy to move away from global ecosystem and sharpen its focus on Indian startups. Chiratae is a…

ByGirish ShettiOctober 10, 20180Comments

News

Small Sellers may give miss to e-commerce festive sale

This week Flipkart and Amazon will start their annual sales festival and with it will mark the beginning of India’s biggest e commerce festival season. However, this time India’s biggest online shopping festivities may be marked by the conspicuous absence of small sellers. This is because there is noticeably less excitement among small sellers for…

ByGirish ShettiOctober 9, 20180Comments

News

Oyo continues with International Expansion, all set to enter Japan

Continuing with its strong international expansion, Oyo Rooms has now announced that it is all set to test waters in Japan. The news has come barely weeks after the budget hotel startup announced its foray into the U.K market. The company currently boasts presence in international markets like Nepal and Malaysia and is in the…

ByGirish ShettiOctober 9, 20180Comments

Funding News

Russian Billionaire Yuri Milner & others may pump $50 Mn in Meesho: Report

Social commerce platform Meesho is in the middle of fresh fundraising pursuit to raise $40-50 million. The ongoing talks with potential fundraisers have reportedly reached advanced stage. Apoletto Asia, the personal investment vehicle of Russian billionaire Yuri Milner, is said to be one of the potential investors involved in the fundraising talks. The upcoming round is…

ByGirish ShettiOctober 9, 20180Comments

Funding News

Freshmenu in early talks with PEs to Scoop up $75 Mn: Report

Online food delivery startup Freshmenu is in talks with several private equity (PE) funds to raise nearly $75 million, according to reports. International PE players including TPG, General Atlantic, Singapore’s Temasek Holdings and domestic PE players like Kedaara Capital are said to be part of the ongoing discussions. These PE companies are vying to acquire to…

ByGirish ShettiOctober 8, 20180Comments

Funding News

Week’s five biggest funding Rounds: Amazon Pay, Droom, Origo Commodities, GoBOLT & 9stacks

Here are the five biggest funding rounds of this week as we look back and summarize some of the best funding activities during the last five days. Like always, we will shed light on how companies plan to utilize the fresh funds and the possible impact on the respective industry. With 78.5 Mn, Amazon Pay raised…

ByGirish ShettiOctober 6, 20180Comments

Inspiring Stories

PC Musthafa: The man who built Rs 100 crore company with the help of Idli Batter

PC Musthafa could have easily succumbed to his poverty to live an uninspiring and unfulfilling life. But he was too stubborn a person to allow adversity to get better off him. To defeat financial difficulties, He chose to tread on a road that was less travelled. And by his sheer guts and determination that road…

ByGirish ShettiOctober 6, 20180Comments

Inspiring Stories

Meet Ramesh Babu: A Barber who owns a Rolls Royce

How far can a poor barber really go in his life? Probably not further than owning a small home. If luck has its way then he can also afford to own a small car. That’s all any poor barber can achieve in his life. Most people will agree to this without any hesitation. But these…

ByGirish ShettiOctober 5, 20180Comments

Funding News

Online Auto Marketplace Droom secures $30 Mn in Series E round

Droom Technology, which operates online marketplace for automobiles, has raised $30 Mn (approximately Rs 221 crore) in series E round. The round was led by two new investors. Joe Hirao, president and founder of Tokyo based Zigexn Co, has been identified as one of the investors. The name of another investor has not been identified,…

ByGirish ShettiOctober 4, 20180Comments

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