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Rocket Internet Gets Boost Of $420 Mn For Startup Investments
Rocket Internet, an early stage and growth fund, has closed $420 Mn in a new fund to invest in European tech companies to keep up with U.S. rivals that have easier access to finance. Rocket contributed...
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Get-Together App Moodoo raises Seed Funding
Mumbai-based Moodoo, a get-together app, has raised about $28K in seed round funding from the University of Oxford’s Saïd Business School Seed Fund. The funding will be used towards marketing the app...
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Anthill Ventures Invites Applications From Marketplace Startups; Winners To...
Hyderabad-based venture capital and private equity firm, Anthill Ventures, is hosting a Demo Day entitled “The Marketplace 3.0”, an event targeted towards online marketplaces and enablers looking to...
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Why Are All Food Delivery Startups So Troubled?
Most delivery related startups in the food space have been having trouble over the past year and by the looks of it, we seem to be ushering in the new year with news of more firings. Why is it that all...
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Storm Ventures Sets Aside $10 Mn India Specific Fund To Invest In SaaS Startups
Silicon Valley-based venture capital firm, Storm Ventures, has announced the launch of $10 Mn fund to invest in SaaS-based Indian startups. Anshu Sharma, Venture Partner at Storm Ventures, said that...
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Reliance Retail Set To Soft Launch Beta Version Of Its Ecommerce Venture
Reliance Retail moves closer to its ecommerce venture with beta launch of its fashion and lifestyle website. The venture is likely to go live by fourth quarter-end, reported DNA. “The curated fashion...
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Budget Accommodation Startup, RedDoorz, Gets Funding From 500 Startups
Budget accommodation startup, RedDoorz, has raised an undisclosed amount of pre-series A round of funding from 500Startups. The raised funding will be used to intensify outreach in Indonesia. In...
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Jugnoo Raises $5.5 Mn In Series B Funding From Paytm & Snow Leopard
Chandigarh-based on-demand auto rickshaw aggregator, Jugnoo, has raised $5.5 Mn in series-B round of funding led by Paytm with participation from Snow Leopard. Jugnoo will use the raised capital to...
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Mukul Singhal & Rohit Jain Quit SAIF Partners To Launch A Early Stage Fund
Mukul Singhal and Rohit Jain, two principals at SAIF Partners, have quit the firm to set up an early stage fund. The two, who were leading the seed investments at SAIF Partners, will adopt a similar...
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Industrybuying Adds $1.7 Mn In Debt Financing From Trifecta Capital
Delhi-based B2B online marketplace for industrial material, Industrybuying.com, has raised $1.7 Mn (INR 12 Cr) from venture-debt provider Trifecta capital. Venture debt is an alternate form of finance...
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Online Distributor, Just Buy Live, Raises $20 Mn From Alpha Capital
Just Buy Live, an online distributor that connects retailers to consumer brands, has raised $20Mn in its Series A round of funding from Alpha Capital Advisors. Alpha Capital is a Mumbai-based...
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Foodpanda dominates online food ordering space; beats Zomato, TinyOwl: Gigato
India is one of the fastest-growing smartphone markets in the world and is set to outpace the US as the second-largest smartphone market by 2017. The number of internet connections is likely to be...
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Goodbox Acquires Mobile-Tech Startup SmartPocket
Bangalore-based conversational mcommerce startup, Goodbox, has acquired SmartPocket for an undisclosed amount. SmartPocket is a Bangalore-based mobile aggregator platform founded in July 2013, by...
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Venture Capital Firm Norwest Venture Partners Closes $1.2 Bn For Its XIII Fund
Global venture capital and growth equity investment firm, Norwest Venture Partners, has raised $1.2 Bn for its XIII fund, targeted to support its sector and stage independent investment strategy. With...
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Insurance Policy Aggregator, EasyPolicy, Raises $2 Mn From Unilazer Ventures
Noida-based online insurance policy aggregator, Easypolicy, has raised about $2 Mn (INR 15 Cr) in a fresh round of funding led by Ronnie Screwvala’s private investment arm Unilazer Ventures, reported...
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Ratan Tata Invests In FirstCry
Pune-based baby and maternity product retailer FirstCry has received an undisclosed amount of investment from Ratan Tata. This is Tata’s fourth investment in a startup this year. Earlier this month...
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FinTech Startup, Fisdom, Raises $500K From TaxiForSure & Commonfloor Co-Founders
Fisdom, a Bangalore-based personal finance startup, has raised about $500K (INR 3.4 Cr) from angel investors, including Raghunandan G and Aprameya Radhakrishna (Taxiforsure co-founders) and Sumit Jain...
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Yatra Acqui-Hires Travel-Logs, A Startup That Specialises In Organising...
Gurgaon-based travel portal, Yatra.com, has acqui-hired Mumbai-based Travel-logs, which specialises in organising customised city walks and private tours. The financial deal are still undisclosed,...
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Fall In Love With An Idea And Just Go After It: Travis Kalanick, CEO Uber
He came, he spoke, he awed! These words sum up the boundless entrepreneurial passion and swagger of Travis Kalanick, CEO Uber, who enthralled IIT Bombay students this week in a fireside conversation...
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FreeCharge Launches Virtual Card ‘FreeCharge Go’ In Association With YES Bank
Digital payments platform FreeCharge has launched its new virtual card ‘FreeCharge Go’ in association with YES Bank powered by MasterCard. With FreeCharge Go, customers can transact across all major...
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