Weekly Funding Round: AutoGrid, Kissht, PharmEasy, AutoGrid & others raised funds

This week nearly 14 startups raised $95 Mn. This week nearly 14 startups hailing from different industry verticals raised nearly $95 Mn. By all means this was a decent week for Indian startups on the funding front. Let’s take a look at startups that managed to scoop up funds from investors as Techpluto rounds up its…

ByGirish ShettiSeptember 15, 20180Comments

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Cisco funded CEM Startup CloudCherry raises $9 Mn in series A round

Chennai based Customer Experience Management (CEM) startup CloudCherry has raised $9 million or Rs 64.5 crores. This fundraising round led by Pelion Venture Partners is part of the series A funding that was raised almost two years back. According to reports, the round may see additional funds coming from company’s existing investors. Cisco funded CEM Startup…

ByGirish ShettiSeptember 6, 20180Comments

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Zomato acquires catering aggregator TongueStun in $18 Mn deal: Report

Over the last few months the foodtech space has been buzzing with lot of activities. This is probably reflection of the favorable sentiments that the investment community attaches to the foodtech space; a space that is largely dominated by Zomato and Swiggy. On Tuesday, this promising and young sector witnessed yet another important activity, after Zomato…

ByGirish ShettiSeptember 5, 20180Comments

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Swiggy may soon receive fat Cheque from Investors: Report

Chinese internet behemoth Tencent is teaming with other global investors to write a fat cheque for Swiggy, according to people familiar with the matter. This fat cheque may land the food delivery startup a handsome amount of $500-700 million at a valuation of around $2.5-3 billion. If reports are to be believed, Tencent has already started…

ByGirish ShettiSeptember 4, 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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eBay is Staging a Comeback in India with Export Business: Report

It seems that Ebay Inc has no plans to give up on India. The American e-commerce giant, which ended its strategic partnership with Flipkart following the Walmart deal, is all set to play its second inning in India. According to reports, Ebay is planning to start an export business for Indian sellers. It may look to…

ByGirish ShettiAugust 23, 20180Comments

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Embattled E-commerce company Shopclues raises Rs 110

Shopclues, One of India’s most well-funded e-commerce players, makes for a curious and interesting case. With all its big funding rounds and unicorn badge, the Gurugram headquarter company has still not managed to become a formidable force in India’s e-commerce market. In fact, if latest reports are to be believed then today this four year…

ByGirish ShettiAugust 10, 20180Comments

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Curefit’s funding frenzy continues, raises $120 Mn in fresh round

Health and fitness startups Curefit raises $120 Mn Health and fitness startups Curefit makes a perfect case for being subject of great envy. The Bengaluru based startup, which is already amongst the most funded Indian startups, on Monday raised $120 Mn in series C round. This takes Curefit’s total fund raising to nearly $175 Mn. The…

ByGirish ShettiJuly 30, 20180Comments

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Weekly funding roundup: IndiaLends, Headout, Shop101 & others raised $32 Mn

This week 15 startups raised nearly $32 Mn. Big funding rounds continued to elude the Indian startup ecosystem this week that saw at least 15 startups raising nearly $32 Mn. The biggest funding round this week was worth only $10 Mn. While funding drought continues to plague the ecosystem, the only silver-lining during these tough times…

ByGirish ShettiJuly 14, 20180Comments

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Messenger app Hike to trim Workforce by 20-25%

Messenger app Hike to layoff workforce by 20-25% Instant messenger app Hike on Monday announced that it would cut off its workforce by nearly 20 – 25% as part of its consolidation process. However, the Whatsapp rival has refrained from terming this laying off exercise as an ominous sign about its financial position. Company’s CEO Kevin Mittal…

ByGirish ShettiMay 29, 20180Comments

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