TECHNOLOGY

AI, B2B dominate startup shortlist for Microsoft Accelerator’s 10th batch

March 09, 2017 | Vijayakumar Pitchiah

Artificial intelligence (AI), machine learning and business-to-business (B2B) are the dominant themes in the final shortlist to Microsoft’s tenth accelerator batch, with all the 14 startups selected for the programme having at least one of these elements as their product offerings.

AI to be major focus for data science, business intelligence in firms: PwC report

March 09, 2017 | Disha Sharma

Artificial intelligence will be available for mass adoption in the domains of data science (9.6%) and business intelligence (7.8%) in industries and organisations, a report by consulting firm PwC has stated.

Zone Startups launches second cohort of accelerator programme

March 09, 2017 | Shruti Jain

Mumbai-based technology startup accelerator Zone Startups India has launched the second cohort of its empoWer programme aimed at women entrepreneurs in technology businesses, it said in a statement. 

Co-working spaces look to make fat revenues from lean startups

March 09, 2017 | Shruti Jain & Disha Sharma

You are a young entrepreneur running a bootstrapped startup. Capital is precious little and the number of employees fluctuates often. Since you are early-stage, landlords and commercial property-owners are wary of letting out space to you.

Axis Bank limits support for Snapdeal's seller financing programme

March 09, 2017 | Disha Sharma

Axis Bank has withdrawn its credit limit to some sellers on e-commerce firm Snapdeal’s platform over falling sale numbers, a report by a financial daily stated.

Kae Capital invests more in parenting startup Parentune

March 08, 2017 | Arti Singh

Gurgaon-based Proparent Solutions Pvt. Ltd, which runs online community of parents Parentune, has raised an undisclosed amount in its second round of funding from existing investor Kae Capital and Singapore-based SEGNEL Ventures, a VC firm that operates in South and Southeast Asia.

Flipkart looking to raise $1 bn at over $10 bn valuation

March 08, 2017 | Reuters

India's top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a person familiar with the developments said on Wednesday.

Mental health platform Juno Clinic bags $1.2 mn from Hexaware, Zodius Capital founders

March 08, 2017 | Vijayakumar Pitchiah

Mumbai-based Davman Technologies Pvt Ltd, which operates Juno Clinic, an online and offline mental health startup, has raised $1.2 million (Rs 8 crore) in pre-Series A funding from a clutch of angel investors, a press statement by the firm said.

Supr Daily raises $120K from US-based accelerator Y Combinator

March 08, 2017 | Varun Arora

Mumbai-based daily consumables startup Supr Daily has raised $120,000 from US-based startup accelerator Y Combinator after it was selected as one the 12 Indian startups for the winter batch of the programme.

How two women vaulted over stereotypes to launch a game changer for investors

March 08, 2017 | Priya Prasad

For all the progress women have made, they remain a rarity in the finance world, partly because of the impression that they are second-best when it comes to crunching numbers, analysing data and understanding the fine nuances that, oftentimes, make all the difference.

Exclusive: Flipkart’s Ashish Gupta joins US startup as India engineering head

March 08, 2017 | Vijayakumar Pitchiah

Former vice president of engineering at Flipkart Ashish Gupta, who quit the Indian e-commerce major in February this year, has joined the Indian arm of US-based cloud enterprise storage startup Rubrik Inc as vice president of engineering.

Snapdeal’s potential fundraise from Softbank may cut its valuation in half

March 08, 2017 | Disha Sharma

E-commerce firm Snapdeal is in talks to raise funds from existing investor Softbank, which could see its valuation fall below $3 billion, a financial daily reported on Wednesday.

Blockchain-enabled gifting platform Easter Egg raises $400K seed investment

March 07, 2017 | Arti Singh

Easter Egg, a blockchain-enabled gifting platform, has raised $400,000 in its initial round of funding from Singapore-based early stage investment firm Wealthy Ideas, a company executive told VCCircle.

IDG Ventures, Dell Foundation back logistics marketplace Blowhorn

March 07, 2017 | Vijayakumar Pitchiah

Bangalore-based Catbus Infolabs Pvt.

Exclusive: Car repair aggregator BookServicing raises seed funding

March 07, 2017 | Shruti Jain

StatSoft Technologies Pvt Ltd-run online car servicing platform BookServicing has raised Rs 20 lakh ($30,000) in seed funding from the National Science and Technology Entrepreneurship Development Board (NSTEDB), a government arm that promotes tech enterprises.

Anil Ambani's Reliance Capital sells its stake in Paytm for $41 mn

March 07, 2017 | Arti Singh

Anil Ambani-controlled Reliance Capital Ltd has sold its nearly 1% stake in digital wallet company Paytm for Rs 275 crore ($41 million) to China's Alibaba Group, a report by Press Trust of India stated, citing unnamed sources.

Cybersecurity startup Data Resolve raises $1 mn from IDFC-Parampara fund

March 07, 2017 | Varun Arora

Noida-based Data Resolve Technologies Pvt. Ltd, which runs cybersecurity and cyber intelligence startup Data Resolve, has raised over $1 million from IDFC Parampara Early Stage Opportunities Fund, said a company statement.

Star India makes strategic investment in media tech startup Zapr

March 07, 2017 | Disha Sharma

21st Century Fox-owned broadcaster Star India Pvt Ltd has picked up a minority stake in Bangalore-based media tech company Zapr Media Labs, a press statement issued by the firm stated.

Accel Partners leads $10 mn Series B round in AgroStar

March 07, 2017 | Vijayakumar Pitchiah

Pune-based ULink AgriTech Pvt. Ltd, which operates direct-to-farmer mobile-based retail platform AgroStar, has raised $10 million (around Rs 66.6 crore) in its Series B round led by Accel Partners, the company said in a statement.

Legal Raasta in advanced talks with two VCs to raise Series A funding

March 07, 2017 | Joseph Rai & Debjyoti Roy

Legal Raasta Technologies Pvt Ltd, which provides legal services to entrepreneurs, SMEs and professionals, is in advanced talks to raise Series A funding from two Bangalore-based venture capital firms, the founders told VCCircle.

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