NCLT puts Defunct Startup Stayzilla on sale

Defunct startup Stayzilla is up for grabs. The National Company Law Tribunal (NCLT), the regulatory body for liquidation and insolvency of Indian companies, has called for expression of interest from potential bidders to sell off the defunct startup Stayzilla. Following this development, Stayzilla has become the first startup to be tired under the insolvency and bankruptcy…

ByGirish ShettiMay 15, 20180Comments

News

Nandan Nilekani’s Fundamentum Partnership raises funds from Canadian based Investment Firm

Fund Fundamentum raises funds from CDPQ. Nandan Nilekani, co-founder of IT giant Infosys, has raised funds in the tune of $20 Mn from CDPQ (a Canada-based institutional investment firm) for its dedicated startup growth fund known as “fundamental partnership – fund I.” Fundamentum Partnership is reportedly targeting total corpus of $100 Mn and CDPQ’s contribution of $20…

ByGirish ShettiMarch 31, 20180Comments

News

Salesforce Acquires Enterprise E-commerce Startup CloudCraze for Undisclosed Amount

Salesforce acquires CloudCraze for undisclosed amount. Cloud computing giant Salesforce is all set to make its second acquisition in the current year by acquiring CloudCraze, a Chicago based enterprise e-commerce startup. CloudCraze has confirmed the acquisition news on its official website. The startup said that it has signed a definitive agreement to kick-start the acquisition proceeding…

ByGirish ShettiMarch 13, 20180Comments

News

Paytm Mall May soon get 3,000 crore Bonanza from SoftBank: Report

Paytm Mall in advanced talks with SoftBank to raise fresh funds. Paytm Mall, e-commerce division of digital wallet firm Paytm, is reportedly in advanced talks with Japanese investment giant SoftBank to raise nearly Rs 3,000 crore. Close sources are further claiming that Paytm Mall is also holding talks with other investors including Singapore’s Temasek Holdings for…

ByGirish ShettiMarch 6, 20180Comments

News

Chinese Giant Alibaba in Talks to Pick up Minority Stake in Dailyhunt: Report

Chinese giant Alibaba in discussion to pick up minority stake in Dailyhunt Alibaba Group, which is owned by Chinese billionaire Jack ma, is currently holding talks to pick up a minority stake in news aggregator startup Dailyhunt, two sources familiar with the matter have claimed. These talks once again demonstrate Alibaba’s growing interest in the Indian…

ByGirish ShettiFebruary 23, 20180Comments

Utility focussed

Uber CEO Says will continue to Invest in Southeast Asian Market

Uber CEO says will continue to Invest in southeast asian market. Uber’s new chief Dara Khosrowshahi has pledged that the ride-hailing giant will continue to invest heavily in Southeast Asia despite mounting losses. Khosrowshahi’s disclosure came while talking to the press in Indian capital city of New Delhi, where he is scheduled to attend a business…

ByGirish ShettiFebruary 22, 20180Comments

News

Grocery Startup Grofers Plans to Raise $65 Mn at Lower Valuation: Report

Grofers is in discussion to raise nearly $60-65 Mn. Online grocery delivery startup Grofers is in discussion to raise nearly $60-65 Mn capital from some of its existing investors. However, these funds will be reportedly raised at almost 40% drop in current valuation of the company. According to business publication LiveMint, two sources familiar with the matter…

ByGirish ShettiFebruary 21, 20180Comments

News

Ola Makes Australian Debut with Trail Operation in Perth

Ola makes Australian debut with soft launch in Perth. India’s ride-hailing Major Ola has finally made its international debut by launching a trail based service in Perth city, capital of Western Australia, according to a statement issued by the company on Wednesday. This marks a new chapter for the cab aggregator firm, which until now offered…

ByGirish ShettiFebruary 14, 20180Comments

News

Chinese Internet Giant Tencent in Discussion to Invest $35-40 Million in NewsDog

Tencent in Discussion to Invest $35-40 Million in NewsDog Chinese internet giant Tencent is in talks with news aggregator startup NewsDog to lead a $35-40 million funding round, according to people close with the matter. If the deal materializes, it will be one of the largest deals in the Indian news content space. Tencent, which has already…

ByGirish ShettiFebruary 12, 20180Comments

News

Swiggy Raises $100 million from Naspers in Largest Fund Raising Round

Swiggy Raises $100 million from Naspers. Online food delivery startup and Zomato’s main rival Swiggy has scooped up $100 million (Rs 640 crore) in its largest ever fund raising round till date. The Series F fund raising round was led by existing investor and South African media giant Naspers, while a new Chinese investor Meituan-Dianping also…

ByGirish ShettiFebruary 8, 20180Comments

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