Paytm Mall Planning to Invest $200 million in Bigbasket, Amazon Eyes Stake in Grofers: Report

Paytm Mall to invest $200 million in Bigbasket: Report. Paytm’s e commerce arm Paytm Mall and its largest investor Alibaba are in talks to pick up significant stake in the online grocery major Bigbasket. The Noida based online marketplace has extended the exclusivity period of their negotiation by another two weeks, according to two people familiar…

ByGirish ShettiAugust 29, 20170Comments

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Freshworks Makes Ninth Acquisition, Acquires Web Analytic Firm Zarget

Saas software maker Freshworks acquires Zarget Chennai based Saas startup Freshworks seems to be leaving no stone unturned in seizing good companies through acquisition route. It has now acquired website analytics start-up firm Zarget, marking ninth acquisition for the Chennai based firm in three years. However, financial details of the latest acquisition have not been disclosed,…

ByGirish ShettiAugust 29, 20170Comments

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Health Startup CureFit Laps up $25 million in Series B Funding

CureFit raises $25 million in Series B funding. The Bengaluru based health and fitness startup CureFit has lapped up $25 million (Rs 160 crore) in series B funding from its existing investors, according to the statement issued by the company. The existing investors include Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT Fund. Almost one week…

ByGirish ShettiAugust 28, 20170Comments

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Restaurant Solution Startup Mobikon Raises $7 Mn in Series B Funding

Mobikon raises Series B funding. Restaurant solution provider Mobikon has managed to rake up $7 Mn in a Series B funding led by various high profile VC firms including Sistema Asia Fund, C31 Ventures, and Qualgro. The funding also saw participation from existing investors Spring Singapore and Jungle Ventures. Mobikon will be using the funds to further…

ByGirish ShettiAugust 28, 20170Comments

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Expedia’s Dara Khosrowshahi to be appointed as new CEO of Uber

The board of Uber Technologies Inc. has made a surprise decision to offer the role of its Chief Executive Officer to the current head of Expedia, Dara Khosrowshahi. A spokesperson from Uber has confirmed that this decision was made after long meetings over the weekend. He mentioned that board has voted for Khosrowshahi as the…

ByAnkit KumarAugust 28, 20170Comments

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Healthcare startup Medinfi Grabs another Funding from International Angel Investors

Medinfi raises funds from international angel investors. Healthcare startup Medinfi has raked up nearly Rs 80 lakhs ($125,000) from various international investors. This is the sixth round of funding for the Bengaluru based startup ever since its launch in 2014. Three of these funding (including the current one) have taken place this year. According to the…

ByGirish ShettiAugust 26, 20170Comments

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Digital Payment Solutions Firm Ezetap gets fresh funding of $16 million

Ezetap, the Bengaluru based payment solution firm has raised a funding of $16 million from US-based venture capital firm JS Capital Management and several other investors. The total funding received by the firm so far has increased to $51 million after this latest funding round organized by Jonathan Soros owned JS Capital. ezetap Cashless Economy India has…

ByAnkit KumarAugust 25, 20170Comments

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Tiger Global Mulling $15-million Investment in News Media Startup Inshorts

Tiger Global Management planning to invest in Inshorts. New York based VC giant Tiger Global Management is in advanced talks to lead a $10-15-million of funding in its portfolio company Inshorts, according to two people familiar with the matter. Inshorts is a news media startup that offers quick and rapid news to smartphone millennials, bringing all…

ByGirish ShettiAugust 25, 20170Comments

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Software development community Indiez Rakes up Seed Funding from Private Investors: Report

Indiez raises $500,000 in seed funding. Bengaluru and San Francisco based software development community Indiez has raked up $500,000 (around Rs 3.2 crore) in seed funding round from Haresh Chawla, partner in venture capital firm True North (formerly known as India Value Fund). Another unnamed angel investor also participated in the seed funding round. The founders have…

ByGirish ShettiAugust 24, 20170Comments

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India Post sends Copy Infringement Notice to Paytm over use of word ‘Postcard’

Paytm gets showcase notice from India Post. India Post has sent a showcase notice to payment major Paytm warning the latter must desist from the using word 'Postcard.' The government owned India Post has sent a showcase notice to payment major Paytm over usage of the word ‘postcard’ for its recently launched product. According to media reports,…

ByGirish ShettiAugust 24, 20170Comments

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