Sequoia backed GoMechanic Unveils COVID-19 Car Revival Package

Car repair and solution startup GoMechanic on Tuesday unveiled a special ‘car revival package’ for car owners impacted by the ongoing COVID-19 lockdown. The company claims that this special package is especially designed for making the cars road-ready. This package offers 2 months warranty and includes battery jumpstart/replacement and 25 points inspection, according to the statement…

ByGirish ShettiMay 12, 20200Comments

News

Covid-19 bites Udaan, furloughs 1000 contract staff

The impact of coronavirus is already been felt across the entire Indian startup ecosystem. From bootstrapped startups to deep pocketed unicorn startups, the industry is resorting to mass lay-offs to help them cope with tough times. Now joining this long drawn list is B2B e-commerce startup Udaan. Udaan has furloughed nearly 1000 contract staff due to…

ByGirish ShettiApril 25, 20200Comments

News

Exclusive: Mswipe denies reports of fund crunch; Claims Company has enough funds

B2b Fintech startup Mswipe has categorically denied reports that it is facing any fund crunch and is desperately looking for getting acquired. Earlier today, a leading media portal had reported that Mswipe is running out of funds and is in talks with companies like Paytm and Bharatpe for a sellout. The news portal cited the…

ByGirish ShettiApril 24, 20200Comments

News

Swiggy may fire 800-900 Employees Next Month

Swiggy is likely to become the next high profile startup to hit by lay off blues in the aftermath of COVID-19 nationwide lockdown. According to sources privy to the matter, the foodtech major has received board approval for firing nearly 800-900 employees next month. Swiggy may fire 800-900 from its cloud kitchen unit next month.. Most of…

ByGirish ShettiApril 21, 20200Comments

Funding News

Tiger Global Roars with New Mega $3.8 Bn Funding Corpus: Report

If Indian entrepreneurs thought that ongoing economic slowdown will saddle the investment scenario then here is some good news coming starlight from Tiger Global’s boardroom. The New York-based investment giant has raised $ 3.8 bn in new funding corpus, according to reports. The new funding corpus has been reportedly raised under the new investment vehicle…

ByGirish ShettiJanuary 27, 20200Comments

Funding News

Weekly Startup Funding: Fintech Startup EpiFi Raised this Week’s Biggest Funding Round

The dull and subdued funding scenario continued this week as well, with big funding round being conspicuously absent for the second straight week of the New Year. The only silver lining in this otherwise dull week was that there was good number of small funding rounds. This strongly indicates investor’s resilient appetite for funding despite…

ByGirish ShettiJanuary 19, 20200Comments

News

Eyeing Profitability, Swiggy Increases Commission Rates

I for one always passionately believed that sanity will eventually prevail on cash burning Indian startups, as and when the consolidation drive will kick start. And therefore Techpluto wasn’t least surprised when it learnt that Swiggy has not only started charging more commission from restaurants but also increased its delivery fees (paid by its customers). …

ByGirish ShettiJanuary 3, 20200Comments

Funding News

BookMyShow Reports Healthy Spike in Revenue as Losses Narrows Down

BookMyShow has always been hailed as one of those startups that doesn’t live in valuation bubble but has numbers by its side. This was once again validated when the online ticket selling platform announced the numbers for 2018-19 financial results. The latest balance sheet numbers spell good news for the Mumbai based startup, with its…

ByGirish ShettiDecember 9, 20190Comments

Funding News

Afthonia Lab pulls in investor interest to build corpus upto 5Cr

Afthonia Lab, the first of its kind fintech incubator in India, has pulled together key players in the investor community to build a corpus INR 3Cr -5Cr. The incubator has pioneered in providing unparalleled access to global mentors and key industry veterans for its incubated startups since its launch in May 2019 in order to…

ByGirish ShettiOctober 3, 20190Comments

Acquisitions

French Music Startup Believe Acquires Mumbai based Entco for Undisclosed Amount

Believe Digital, a Paris based leading technology and artist services company, on Monday acquired Entco - an Indian live music production company. Believe did not disclose the financial details of the acquisition deal. Following the acquisition deal, Entco will be rebranded as ‘Believe Entertainment’ and will be based in Mumbai, where it will closely align with…

ByGirish ShettiSeptember 19, 20190Comments

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