TECHNOLOGY

Exclusive: Fashion search platform SeenIt raises pre-Series A funding

February 28, 2017 | Arti Singh

SeenIt Online Pvt.

Uber fires Amit Singhal for not disclosing sexual harassment charge at Google

February 28, 2017 | Dearton Thomas Hector

US-based Uber Technologies Inc. has asked senior vice president of engineering Amit Singhal to resign from the company for reportedly failing to disclose a sexual harassment allegation at his previous organisation Google.

PayU to widen fintech play, bets on cross-border payments, offline business

February 28, 2017 | Arti Singh

Naspers-owned payments gateway PayU India is betting big on the fintech space in India. While its primary focus will be on payments, particularly cross-border payments, it is also entering the credit business and offline space.

What's firing up Infibeam

February 28, 2017 | Deepti Chaudhary

India's e-commerce story is a familiar one—cash burn, negative unit economics and a pipe dream called profitability, all in the name of customer acquisition.

Delhivery in talks to raise $100 mn from Carlyle, Fosun

February 28, 2017 | Varun Arora

Gurgaon-based ecommerce logistics firm SSN Logistics Pvt.

Big data hiring startup Belong raises $10 mn from Sequoia, Matrix Partners

February 28, 2017 | Binu Paul

Bangalore-based recruitment solutions startup Belong.co, owned and operated by Belong Technologies India Pvt. Ltd, has raised $10 million (Rs 67 crore) in Series B funding led by Sequoia Capital India.

Exclusive: Deals platform Couponhaat raises funding from Austria-based angel investor

February 28, 2017 | Disha Sharma

Online deals startup Couponhaat has raised an undisclosed amount of investment in its pre-Series A round from Austria-based angel investor Axel Wawrina, a top company executive told VCCircle.

K'taka HC bars protestors from stopping Uber cabs; strike may spread to Mumbai

February 27, 2017 | Binu Paul

US-based Uber Technologies Inc's India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Karnataka High Court that bars protesters, including union leaders and members, from blocking and stopping the company's cabs.

ItzCash to strengthen hold in expense management, backs fintech startup Finly

February 27, 2017 | Arti Singh

Mumbai-based digital payments company ItzCash Card Ltd has made an undisclosed equity investment in Bangalore-based expense management firm Finly.

Meet the startups selected for GSF India’s fifth accelerator batch

February 27, 2017 | Shruti Jain

Global Super Angels Forum (GSF), a startup accelerator-cum-early-stage fund, has made new investments in five startups as part of its fifth accelerator programme.

Ola raises $330 mn in fresh round led by SoftBank: Report

February 27, 2017 | Dearton Thomas Hector

Bengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt. Ltd, has raised $330 million (Rs 2,200 crore) in fresh funding led by existing investor SoftBank Group Corp, a media report said on Monday.

Bitcoin startups come together to regulate India's cryptocurrency market

February 27, 2017 | Arti Singh

Bitcoin startups Zebpay, Unocoin, Coinsecure and SearchTrade have come together to form Digital Asset and Blockchain Foundation of India (DABFI) for the "orderly and transparent growth of the virtual currency market."

OYO may raise $500 mn from SoftBank, check into unicorn club

February 27, 2017 | Varun Arora

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, is in talks to raise $300-500 million (Rs 2,000-3,335 crore) from SoftBank Vision Fund, in what will possibly be one of the biggest deals in India's consumer internet space, media reports said on Monday.

Sands Capital, IFC & others to invest $30 mn in logistics startup BlackBuck

February 27, 2017 | Binu Paul

Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million (around Rs 200 crore) in its Series C funding round from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC).

Co-living space provider StayAbode gets angel investment

February 27, 2017 | Disha Sharma

StayAbode, a Bengaluru-based startup that is building co-living spaces, has raised an undisclosed amount in an angel round led by investors Ishan Manaktala and Angie Mahtaney, it said in a statement.

Flipkart COO Nitin Seth looks to 'bring back the DNA' by rehiring old hands

February 27, 2017 | Manu P Toms

E-commerce major Flipkart, which has seen continuous churn at the top level for the last few quarters, is quietly working to revamp its senior leadership team by bringing back old hands. At least half-a-dozen senior executives have returned to the company in the last few months.

Exclusive: Live learning platform NeoStencil raises $1 mn in investment

February 27, 2017 | Disha Sharma

Ed-tech startup NeoStencil India Pvt. Ltd has raised $1 million (Rs 6.67 crore) in a funding round led by media house Times Group’s ad-for-equity investment arm Brand Capital and California-based Paragon Trust.

Exclusive: Jewellery e-tailer Johari Shop goes omni-channel, gets angel funding

February 27, 2017 | Binu Paul

Jewellery e-commerce marketplace Johari Shop has raised $94,000 (Rs 62.5 lakh) from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts.

Ghosts of past tech IPOs could haunt Snap's performance

February 25, 2017 | Reuters

Snap Inc appears set to make a splash next week with the biggest tech stock debut since Facebook Inc, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open market.

OMA Emirates hunts for more acquisitions in India after MobiSwipe deal

February 24, 2017 | Bruhadeeswaran R

OMA Emirates Group aims to strike more acquisitions in India’s payments services segment after buying a controlling stake in MobiSwipe Technologies Pvt Ltd earlier this month, a top executive said.

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