Salesforce Grabs Attic Labs, the Startup that created Decentralized Database Noms

Salesforce acquires Attic Labs for an undisclosed amount. Salesforce, one of the most successful American cloud computing companies, has successfully acquired software startup Attic Lab. The financial and other key details of the acquisitions have not been disclosed. Although a relatively young startup with only 10 employees, Attic Lab came on its own after it launched…

ByGirish ShettiJanuary 9, 20180Comments

News

Amazon in Talks to Pick Stake in SME Lending Startup Capital Float: Report

Amazon in talks to pick stake in Capital Float. E-commerce giant Amazon Inc’s Indian division is seriously mulling to invest $ 5-10 million in SME lending platform Capital Float, according to reports in the media. The capital infusion by Amazon is reportedly part of the recent $45 million Series C funding raised by Capital Float. As part…

ByGirish ShettiDecember 18, 20170Comments

News

WeWork Acquires Social Network startup Meetup for Undisclosed Amount

WeWork makes latest acquisition move with Meetup. Co-working space giant WeWork on Tuesday announced that it has acquired 15 year old social network startup Meetup for an undisclosed amount. Meetup conducts community workshops and gatherings for people and aficionados sharing common hobbies and interests. The latest acquisition marks yet another attempt by the company to go…

ByGirish ShettiNovember 29, 20170Comments

News

Sachin Tendulkar Backed Smaaash Rakes Rs 25 crore in Fresh Funding

Entertainment startup raises Rs 25 crore. Sachin Tendulkar backed gaming and virtual reality entertainment company Smaaash Entertainment has raked Rs 25 crore from Sixth Sense Ventures. According to sources, this latest capital infusion is a part of company's much larger fund raising exercise that is expected to be completed in coming weeks. Smaaash also received Rs 43…

ByGirish ShettiNovember 27, 20170Comments

News

Zomato Pursuing Merger Talks with Arch-rival Swiggy: Report

Zomato starts merger talks with rival Swiggy. Online restaurant discovery and ordering platform Zomato has initiated merger talks with main competitor Swiggy, according to people familiar with the matter. However, this proposed merger talk is likely to fall through, since Swiggy is reported to be not too happy with the share swap deal. Sources claim that Zomato…

ByGirish ShettiNovember 1, 20170Comments

News

Armed with Funds, Flipkart Plans for big Acquisition drive

flipkart planning for big Acquisition drive. India’s homegrown e-commerce giant Flipkart is reportedly planning for a fresh acquisition drive. However, this acquisition drive may be different from the earlier ones, since this time the e-commerce giant is not eyeing stakes merely in upcoming and promising startups. Rather it has diverted focus on big and well known…

ByGirish ShettiOctober 23, 20170Comments

News

NDTV to Sell Automotive E Commerce Portal Carandbike.com

NDTV to Sell E Commerce Portal Carandbike.com. News Broadcasting firm NDTV has confirmed that shareholders have given green signal to sale of its automobile ecommerce firm Fifth Gear Ventures to Autobyte Private Limited. The move comes barely two months after Autobyte reportedly invested undisclosed amount in Fifth Gear Ventures. NDTV sought approval for subscription of equity shares…

ByGirish ShettiSeptember 25, 20170Comments

News

Aditya Birla Group’s Abof.com Decides to Shut Shop: Report

In a surprising move, Aditya Birla Group has decided to shut its two year old fashion e-commerce venture Abof.com. According to information, company’s top executives held a brief meeting earlier this week and decided that 31st December would be the last working day for Abof.com. All the 240 employees of the company would be duly…

ByGirish ShettiSeptember 22, 20170Comments

Funding News News

Weekly Funding Roundup: Oyo Rooms. Vulcan Express, LendingKart & More

Weekly startup funding roundup. This week more than 10 Indian startups managed to rake up $300 m in funding, making it probably one of the busiest weeks for startups this year. Although $300 m may not be a very significant investment amount, but is worth appreciating that many startups hailed from lot of diverse sectors. This…

ByGirish ShettiSeptember 9, 20170Comments

News

OTT Video Delivery Startup Streamroot Raises $3.2 million in Fresh Funding

French startup Streamroot raises $3.2 million. Streamroot, a startup delivering innovative over-the-top (OTT) video delivery solutions, has secured fresh funding of $3.2 million from clutch of high profile VC firms. These VC firms include Techstars Venture Capital Fund, Verizon Ventures and R/GA. Existing investor Partech Ventures also participated in the current round. With the latest round…

ByGirish ShettiSeptember 8, 20170Comments

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