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Rail Budget 2016 Brings Happiness To Startups By Setting Up A $7.3 Mn...
Indian Railway Minister Suresh Prabhu, who has effectively used social media to garner feedback on the performance of the Indian Railways, today announced a $7.3 Mn (INR 50 Cr.) innovation fund for...
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Mobile Payments Startup, Juspay, Raises About $5.8 Mn From Accel Partners
Bangalore-based mobile payments startup, Juspay, has raised about $5.8 Mn (INR 40 Cr.) in series A round of funding from venture capital firm Accel Partners, reported ET. Others who have participated...
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Affiliate Network vCommission Sets Up Accelerator In Mohali
Gurgaon-based affiliate network, vCommission, has launched an accelerator and R&D Centre in Mohali, Punjab. The centre will focus on conducting research and study for innovative ideas, along with...
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Paypal’s Incubator Start Tank Announces Its Second Batch Of Graduated Startups
Online payments company, PayPal, has announced the graduation of the second batch of startups incubated at its Start Tank Incubation Center in Chennai. The graduated companies are Konotor and PiQube....
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Retail IoT Solution Provider, Freedom Smart Labs, Raises $145K In Seed Round
Delhi-based retail solutions provider, Freedom Smart Labs Ltd., has raised around $145K (INR 1 Cr) in seed round of funding from Kapil Goel, managing director of retail chain DCS Group. Serial...
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Cashless Transactions Get A Huge Boost; Govt Approves No Service Charge On...
The Union Cabinet has announced the withdrawal of surcharge, service charge and convenience fee on digital payments – done through cards or ewallets. Also, above a threshold, one has to make payment...
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Skill Development Company EduBridge Raises $2.5 Mn From Insistor & Acumen Fund
Mumbai-based skill development and vocational training platform, EduBridge, has raised $2.5 Mn (INR 17.1 Cr) in Series A round of funding led by Insitor Impact Asia Fund, and existing investor Acumen...
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As part of restructuring Flipkart, Binny Bansal shuts down grocery app Nearby
India’s largest online commerce firm Flipkart has reportedly shut down its grocery delivery division ‘Nearby’. The “friendly mobile supermarket” was launched in October last year, in Bangalore. This is...
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Capillary Picks Up A Minority Stake In WebEngage; Partners For Omni-Channel...
In order to build an omni-channel for their overlapping customers, Bangalore-based CRM solutions provider, Capillary Technologies Pvt Ltd, has partnered with on-site customer engagement suite...
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B2B Marketplace OfBusiness Raises $5 Mn From Matrix Partners, Co-founders Of...
B2B ecommerce marketplace, OfBusiness, has raised $5 Mn funding in series A, led by Matrix Partners India. Other participants in the round included, Patni group’s Apoorva Patni, Bhavish Aggarwal (Ola...
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Git-it And Tyre Express Joins VentureNursery’s Acceleration Program
Angel backed accelerator, VentureNursery has announced the launch of Season-9 of its acceleration program. Two startups selected for the 13-week acceleration program are Gig-it, a social event...
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Founders Are From Venus And Investors Are From Mars
There’s often a lot of tension between funders and founders. When the company is doing badly, this is what you’d expect. Investors are anxious that the entrepreneur is not putting enough time and...
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Craftsvilla Looks To Disrupt The Ethnic Food Space; Acquires PlaceofOrigin.in
Mumbai-based ethnic etailer, Craftsvilla, has acquired PlaceofOrigin.in, a Bangalore-based online gourmet food marketplace. This was an all equity deal and the amount of deal has been left...
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Why Startups Should Take Legal Formalities Seriously
In the advent of a digital and startup centric India, there have been multiple startups cropping up across the country. These companies, for obvious reasons, tend to start out with small teams, which...
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The Most Important Lesson I Learnt While Building HackerEarth
In the past 4 years, I have directly worked with 100+ people, sold to 150+ customers, spoken to more than 100 investors and had a (40min+) conversation with a 1000 different people. I have been part of...
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News Roundup: 9 Startup Stories You Don’t Want To Miss This Week [22 February...
Just few months after making a foray into grocery delivery, Flipkart, this week, shuts down its grocery delivery division ‘Nearby’. Important Developments Of The Week Revised Patenting Guidelines For...
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Movers & Shakers Of The Week [22 February – 27 February]
Myntra’s Finance Head Prabhakar Sunder Quits Prabhakar Sunder, Myntra’s head of finance, has quit the company. Sunder had joined Myntra in its early days and used to work closely with Mukesh Bansal....
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Funding Galore: Startup Fundings Of The Week [22 February – 27 February]
Ibibo Group raised $250 Mn from global internet & media company Naspers, and China’s leading internet firm Tencent. The investment will be used to expand Ibibo’s reach within the Indian hospitality...
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How To Use Your Brand Name For Effective Online Marketing?
Don’t waste your time and money in writing new marketing and advertising strategies. The piece of swag that you need to get all the attention on the internet is your brand name. Online presence is...
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Morgan Stanley Marks Down Its Stake In Flipkart By 27%
Morgan Stanley has marked down Flipkart shares by 27%, according to recent filings. The news comes at a time when a lot has been talked about the slowdown in funding for Indian startups. Flipkart’s...
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