TECHNOLOGY

Facebook selects dating app Matchbox for FbStart programme

March 14, 2017 | Shruti Jain

Dating app Matchbox has been selected by social media giant Facebook Inc. for its early-stage startup mentorship programme FbStart, under the Bootstrap track, the company said in a statement.

Tech accessories e-tailer LatestOne.com raises $3.3 mn from Ashish Dhawan, Mathew Cyriac and others

March 14, 2017 | Arti Singh

Hyderabad-based Palred Technologies Ltd (formerly Four Soft Limited) has raised about Rs 22 crore ($3.34 million) in its latest round from both new and existing investors, the company said in a statement.

Exclusive: Flipkart appoints commerce platform finance head as CFO

March 14, 2017 | Vijayakumar Pitchiah

Homegrown e-commerce major Flipkart has elevated Sriram Venkataraman, the chief financial officer of its commerce platform as the company’s finance chief.

Uber founder, India head named in notice alleging bribery after road mishap

March 14, 2017 | Maulik Vyas

A Mumbai woman has sent a legal notice to the founder and India head of Uber Technologies Inc after a cab operated by the taxi-hailing firm hit her husband and left him comatose.

Existing investor Blume Ventures criticises BHIVE co-founder over funding controversy

March 14, 2017 | Dearton Thomas Hector

Karthik Reddy, co-founder and managing director of early-stage venture capital firm Blume Ventures, has questioned Shesh Rao Paplikar, co-founder and chief executive of coworking space startup BHIVE, for going public over a funding controversy involving a well-known VC firm.

China-based Cyber Carrier invests in healthcare startup MyDermacy

March 14, 2017 | Disha Sharma

Health startup MyDermacy has raised an undisclosed amount of funding from Chinese venture capital firm Cyber Carrier, a statement issued by the company said.

Qualcomm Ventures leads Series E round in IoT device maker Borqs

March 14, 2017 | Varun Arora

Borqs International Holding Corp, which operates Internet of Things (IoT) device developer Borqs, has raised an undisclosed amount in its Series E round of funding led by Qualcomm Ventures, weeks before the firm is set to undergo a reverse merger, it said in a statement.

After TVF trashes charges, more women allege sexual harassment by founder

March 13, 2017 | Ranjani Raghavan & Maulik Vyas

A former employee’s post alleging sexual harassment against The Viral Fever (TVF) Media Labs founder and CEO Arunabh Kumar has prompted other women to come forward with similar accounts. 

ShopClues co-founder Sandeep Aggarwal accuses wife of stalling his re-entry

March 13, 2017 | Manu P Toms

Marital discord, it seems, has engulfed another Indian unicorn.

Karnataka govt announces $1.5 mn fund for women entrepreneurs

March 10, 2017 | Vijayakumar Pitchiah

In a move that would give a fillip to entrepreneurship among women, the Karnataka government announced a $1.5 million (Rs 10 crore) Idea2POC (idea to proof of concept) fund on International Women’s Day, a statement issued by the state government said.

Realty consultancy Coldwell acquires property portal Favista

March 10, 2017 | Disha Sharma

Real estate consultancy firm Coldwell Banker India Pvt Ltd has acquired property search site Favista.com in an all-stock deal, the company said in a statement.

BHIVE funding fiasco - Are there any lessons for startup entrepreneurs?

March 10, 2017 | Dearton Thomas Hector

The road outside the BHIVE Workspace office was teeming with cricket fans at around 4 pm on 7 March as they waited excitedly for the return of the Indian team to The Ritz-Carlton Hotel, where it was staying, after a win against Australia in a test match.

Why govt's proposed rules for prepaid instruments may hurt e-wallets

March 10, 2017 | Arti Singh

The government on Wednesday released draft guidelines for digital wallet companies as part of its efforts to promote electronic payments, ensure security of transactions and strengthen grievance redressal for consumers.  

What prompted Paytm to roll back 2% fee on wallet top-up via credit cards?

March 10, 2017 | Arti Singh

India's top digital wallet Paytm on Thursday reversed the 2% levy on top-ups via credit cards it had introduced a day earlier, saying it was doing so keeping users’ convenience in mind and that it would instead put in place new mechanisms to check misuse. 

Ideaspring makes its second bet on enterprise networking startup Lavelle Networks

March 10, 2017 | Vijayakumar Pitchiah

Bangalore-based early stage venture fund Ideaspring Capital has invested $600,000 (Rs 4 crore) in enterprise networking startup Lavelle Networks Pvt Ltd, according to a report by a financial daily.

State-backed rivals force Paytm, MobiKwik and others to step up

March 10, 2017 | Reuters

Electronic payment firms got a big boost when India abolished most of the country's banknotes last year, but rival state-sponsored e-payment services are forcing them to raise their game to hang on to their new customers.

Why Paytm levied 2% fee on top-up via credit card, and MobiKwik seized the moment

March 09, 2017 | Arti Singh

India's mobile wallet companies have a knack for being in the news.

Alibaba seeks $5 bn loan amid tech financing rush

March 09, 2017 | Reuters

Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with banks to raise $5 billion in new funding, sources told Thomson Reuters' Basis Point, amid a flurry of fund-raising by China's tech giants.

Former Snapdeal product head backs online funding platform LetsVenture

March 09, 2017 | Disha Sharma

Former chief product officer at Snapdeal Anand Chandrasekaran has invested in Bangalore-based IndiePitch Solutions Pvt. Ltd, which runs online funding platform LetsVenture, according to a press statement.

Exclusive: App aggregator AppBrowzer secures $500K from Deepak Gurnani, others

March 09, 2017 | Binu Paul

Bangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network, Sunny Gurnani, co-founder and chief executive of the startup told VCCircle.

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