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Lifestyle Content and Discovery Platform NearFox Raises Funding From...
Mumbai-based NearFox, a local lifestyle content and discovery platform, has recently raised an undisclosed amount from Globevestor Angel Fund, CoverFox CTO Devendra Rane, GenY Medium co-founder Ravi...
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Lead, Follow or Get the F**k Out of the Way
It’s hard to be a real leader. Decisions are never black or white, so most people fudge. They straddle middle grounds to keep everybody happy. They make compromises to try and hold together...
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Payday Boom: At $6.93 Mn, Snapdeal Founders’ Pay For FY 2015 Surpasses...
Thanks to the stock market, Snapdeal founders Kunal Bahl and Rohit Bansal grabbed $6.93 Mn (INR 46.5 Cr) each, in total executive compensation for FY 2015. They are now jointly number seven among paid...
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Gurgaon’s Food Aggregator Business Hits A New Low; Four Startups Shutdown
India’s cab aggregator sector is doing well for itself. The same is not the case with the food aggregator sector. Four startups in the hyperlocal food delivery space have reportedly shut down their...
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Attention CXOs! Nobody Got Hired For Buying Oracle
There’s an age old adage in enterprise software — “Nobody ever got fired for buying IBM”. The phrase implies that no matter what the situation if you ended up procuring IBM equipment in an enterprise...
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Last Mile Delivery Startups Poised To Drive Global Ecommerce Sales To $2.48...
A report by Bank of America Merrill Lynch in 2015 stated that the ecommerce market in India will be worth $220 billion by 2025. This growth is said to be driven by factors such as young demographic...
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No Company For Happy Employees: Appie Fails To Clear Employee Dues For 3...
In May this year, Mumbai-based O2O platform Appie, which helps consumers discover product availability and price from different offline retailers located in their vicinity, stated that it has raised $1...
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31 Startups Banned At IIT Placements
Finally, putting an end to all speculations, 31 firms have been banned from conducting placements this year at IITs. This decision was taken at AIPC- All India Placement Committee meeting on August 14...
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Snapdeal Raises $21 Mn From Luxembourg Based Firm Clouse SA
After it refuelled its coffers with $200 Mn in fresh funds from Ontario Teachers’ Pension Plan in February this year, Snapdeal has raised yet another tranche of the same round. As per a Livemint...
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Flipkart Growth Capital Disburses $18 Mn Loans To Sellers, Targets $30 Mn By...
In a bid to expand its seller base, Flipkart launched Flipkart Growth Capital in July 2015. The programme allowed sellers to compare and access capital seamlessly. According to a company statement,...
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Accel Partners Backed O2O Platform Crownit Gets A Boost From Kunal Shah And...
Local merchant discovery and privileges platform, Crownit, has secured an undisclosed amount of funding from FreeCharge founders Kunal Shah & Sandeep Tandon, Freshdesk founder Girish Mathrubootham...
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Too Poor To Succeed: WhatsApp Co-founder Jan Koum’s Story
1992, Ukraine. It was the worst of time for the economy. Jan Koum was 16. His mother, hoping to find a better future for her son, decided to immigrate to the United States. There wasn’t a lot waiting...
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RBI Governor Unveils UPI For Smartphones – India’s Answer To PayPal
In a move designed to make cashless payments in India a certainty, RBI Governor Raghuram Rajan unveiled UPI – Unified Payment Interface. The app is launched to help simplify peer-to-peer transactions....
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South Africa’s Net1 To Invest $40 Mn In Mobikwik To Enter Indian Market
Gurgaon-based mobile wallet company, MobiKwik has signed a subscription agreement with South Africa-based Net1 UEPS Technologies, Inc. As part of the strategic partnership, Net1 will invest $40 Mn in...
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Funding Galore: Startup Fundings Of The Week [22 August – 27 August]
RNT Capital, the VC fund by Chairman Emeritus of Tata Sons, revealed its plans to deploy $300 Mn across startups in India, Southeast Asia and the US. The fund is expected to invest $10-15 Mn funds in...
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Movers And Shakers Of The Week [22 August – 27 August]
Flipkart CEO Binny Bansal has consolidated all his businesses under one vertical ‘Flipkart Group’ and has appointed a leadership team to lead these divisions. Under the new arrangement, Kalyan...
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News Roundup: 13 Startup Stories That You Don’t Want To Miss This Week [22...
Sachin Bansal revealed that the reason for him of stepping down from his position as CEO at Flipkart was the lack of performance from his end. The step also helped in diffusing the tension between the...
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100 Rules For Being an Entrepreneur
If you Google “entrepreneur” you get a lot of mindless cliches like “Think Big!” For me, being an “entrepreneur” doesn’t mean starting the next “Faceook.” Or even starting any business at all. It means...
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How Long With You Be With Your Business Idea?
Are you in love with your idea? Is it going to be with you forever? Is it permanent? Are you ready to stay committed to your idea? When an entrepreneur first has an idea, it is love at first thought....
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DIPP Bids For Reality Show And Dedicated TV Channel For Indian Startups
In order to boost the government’s Startup India, Standup India movement, Department of Industrial Policy and Promotion (DIPP) has proposed for a reality show for Indian startups. The idea came along...
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