VCC Startups

Blume Ventures is VC fundraiser of the year: VCCircle Awards

March 02, 2017 | Deepti Chaudhary

Mumbai-based tech-focussed early-stage investment firm Blume Ventures, which closed its second fund of $60 million last year, has won the News Corp VCCircle VC fundraiser of the year award in recognition of its prolific fund-raise from a largely domestic limited partner (LP) base. 

Scalability, innovation & digitisation to define entrepreneurship: CII-KPMG report

March 01, 2017 | Shruti Jain

Changing customer preferences, digitisation and competition are pushing entrepreneurs to innovate on a dynamic basis, a report by CII-KPMG titled Entrepreneurship, growth, and opportunities – 2017 has said.

Forest fire blazing through Indian startup ecosystem: Inventus' Kanwal Rekhi

March 01, 2017 | Manu P Toms

Kanwal Rekhi, co-founder and managing director at VC firm Inventus Capital Partners, has been a known sceptic of the capital-intensive model of India's e-commerce companies.

E-commerce solutions provider Kreate Konnect raises seed investment

March 01, 2017 | Disha Sharma

Kreate Konnect, which manages operations for e-commerce companies, has raised an undisclosed amount of investment from advertising agency Langoor, one of the company’s co-founders told VCCircle.

Lending startup RedCarpet raises $2.5 mn from Lightspeed

March 01, 2017 | Shruti Jain

Gurgaon-based micro-lending startup RedCarpet Tech Pvt Ltd has secured $2.5 million (Rs 16 crores) in a funding round led by venture capital firm Lightspeed Venture Partners, according to a financial daily.

Ideaspring makes maiden investment in packaging software startup Karomi

March 01, 2017 | Binu Paul

Marking its first investment, early-stage venture fund Ideaspring Capital has put in a little over $500,000 (Rs 3.5 crore) in Chennai-based Karomi Technology Pvt. Ltd, which runs Karomi, a tech startup in the packaging artwork management space.

Exclusive: Makaan co-founder launches workspace aggregator The Office Pass

March 01, 2017 | Disha Sharma

Aditya Verma, co-founder of real estate company Makaan.com, is starting up again. This time, he is launching a co-working firm called The Office Pass.

Ankit Nagori and Mukesh Bansal’s CureFit acquires Kristys Kitchen

March 01, 2017 | Disha Sharma

Healthcare platform CureFit has acquired Bengaluru-based premium online food delivery startup  Kristys Kitchen in a cash and equity deal, the company said in a statement today. 

Hiring startup Belong.co ropes in former Groupon top exec

March 01, 2017 | Shruti Jain

NASDAQ-listed deals aggregator Groupon Inc’s chief operating officer Bharath Devanathan has joined Bangalore-based recruitment solutions startup Belong.co as chief customer officer, his LinkedIn profile shows.

Morgan Stanley slashes Flipkart valuation to $5.39 bn

February 28, 2017 | Binu Paul

Indian e-commerce firm Flipkart has suffered its second markdown in as many months with a mutual fund managed by Morgan Stanley slashing the value of its stake in the company by 3%.

Exclusive: Agri-tech startup Paalak.in raises seed funding

February 28, 2017 | Binu Paul

Delhi-based VDSS Agri Tech Pvt. Ltd, which owns and operates agri-tech startup Paalak.in, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. 

Hotel solutions provider Hostmaker raises $6.5 mn from Ventech, others

February 28, 2017 | Disha Sharma

Hospitality management services startup Hostmaker.co has secured $6.5 million (Rs 43.37 crore) in Series A funding led by Paris-based venture capital fund Ventech and existing investor DN Capital, the company said in a press statement.

ShopClues appoints former Zopper, Reliance execs to lead marketing, HR

February 28, 2017 | Disha Sharma

E-commerce firm ShopClues has appointed Zopper executive Harneet Singh as vice president of marketing and Reliance executive Babu Vittal as head of human resources, a statement issued by the firm said.

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.

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