VCC Startups

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.  

Asuka Holdings, existing investors back real estate firm Property Share

March 10, 2017 | Binu Paul

Bangalore-based Property Share, which offers investors fractional ownership of properties, has raised an undisclosed amount in a fresh round of investment led by Japanese venture capital investor Asuka Holdings, Kunal Moktan, founder and chief executive of the startup told VCCircle.

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.

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.

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.

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.

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