B2B Platform Udaan raises $225 million to become fastest Unicorn startup

B2B trade platform Udaan has reportedly raised $225 million (Rs 1,575 crore) from existing investors DST Global and Lightspeed Venture Partners’ global fund. While on the onset this may seem like an usual fundraising affair, but this funding holds a special importance for Udaan. With this fundraising round, Udaan has become the fastest Indian startup to…

ByGirish ShettiSeptember 3, 20180Comments

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Google & Xiaomi in talks to invest in rail Info startup: Report

Search engine behemoth Google and Chinese based smartphone maker Xiaomi seem to be cooking an investment recipe. If reports are to be believed, both companies are among the top contenders to invest in a startup Where Is My Train. As is evident, this startup through its app tries to offer precise update on trains. The unique…

ByGirish ShettiAugust 30, 20180Comments

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Logistic Startup Leap India raises Rs 200 crore in debt round

Logistic sector enjoys huge popularity among the investment community. This was once again vindicated on Tuesday after Leap India raised Rs 200 crore debt from Piramal Capital & House Finance. The company also informed that it is simultaneously holding discussions with several investors to raise additional Rs 250 crore. The total period of loan consists of…

ByGirish ShettiAugust 29, 20180Comments

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App aggregator Tapzo in acquisition talks with Amazon: Sources

Super app aggregator Tapzo is most likely to be soon acquired by Amazon. According to sources, both companies were engaged in serious discussions for several months now. However, consensus over the acquisition deal was reached only recently, sources add. People familiar with the matter claim that Amazon and Tapzo have given a go-ahead to the deal.…

ByGirish ShettiAugust 28, 20180Comments

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RBI sets up new branch for Blockchain & Artificial Intelligence: Report

India’s topmost bank regulator Reserve Bank of India (RBI) has formed a new branch to keep pace with artificial intelligence & blockchain. Although RBI is yet to confirm, sources close to the matter claim that this new branch is barely a month old. Sources further add that this new branch is operating on a trial basis…

ByGirish ShettiAugust 28, 20180Comments

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Tendulkar backed startup Smaaash is on the verge of closing $30 Mn round: Report

Sports-based entertainment startup Smaaash is on the verge of closing $30 Mn (Rs 200 crore) funding round. The Sachin Tendulkar backed startup will reportedly use these funds primarily for business expansion plans. The reports about Smaaash raising fresh funds broke out after company’s chairman Shripal Morakhia told a prominent business daily that the company is about…

ByGirish ShettiAugust 27, 20180Comments

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Google & Paytm mall join hands to pick up stake in Future Retail: Report

Google and Paytm mall may come together to form consortium for picking up 7%-10% stake in Future Retail Ltd (FRL), people privy to the matter claimed. Sources claimed that the consortium is planning to invest Rs 3,500-4,000 crore in Kishore Biyani’s company, which owns super market chain Big Bazaar. This consortium will be competing against U.S.…

ByGirish ShettiAugust 27, 20180Comments

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Billionaire Warren Buffett may pick up stake in Paytm: Report

Warren Buffett, founder & chairman of Berkshire Hathaway Inc, is reportedly in talks to pick up small stake in Paytm’s parent company One97 Communications Ltd. According to sources privy to the matter, India’s largest digital payment has been holding talks with the famous American billionaire since February this year. Sources are claiming that Paytm aims to…

ByGirish ShettiAugust 27, 20180Comments

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ShiftKarado is using modern technology to revolutionize packers & movers industry

Sahil Mithal, co-founder of ShiftKarado Today Gurugram based ShiftKarado is one of the forerunners in India’s packers and movers industry. Founded in 2015, the company has been at the forefront of adopting modern technology that is greatly helping in revolutionizing India’s highly unorganized packers and movers industry. The company has been equally successful in maintaining culture of…

ByGirish ShettiAugust 24, 20180Comments

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Myntra plans to foray in Offline space for Cosmetic Products: Report

Online fashion retailer Myntra is reportedly planning to make foray in brick & motor space for selling beauty & cosmetics products. Sources claim that Flipkart owned retailer has already started scouting for spaces in prominent malls across big cities. People familiar with matter further claimed that Myntra is planning to open the first store in Bengaluru…

ByGirish ShettiAugust 24, 20180Comments

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