VCC Startups

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.

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.

IIM-B, Goldman Sachs select 15 entrepreneurs for Women Startup Programme

February 27, 2017 | Shruti Jain

Indian Institute of Management Bangalore’s NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) and global investment bank Goldman Sachs have selected 15 women entrepreneurs-in-the-making and their ideas for incubation over the next year, under the final phase of the Women Startup Programme. 

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.

911—The number that spooked Snapdeal

February 24, 2017 | Dearton Thomas Hector

On Wednesday, Snapdeal founders Kunal Bahl and Rohit Bansal said they will not take salaries for an undisclosed period as the company struggles to survive. Well, that makes financial and ethical sense.

Clean-tech startup igrenEnergi raises funding from Japanese investors

February 24, 2017 | Varun Arora

igrenEnergi Inc, a US-based solar energy startup incubated at the Indian Institute of Technology-Bombay, has raised an undisclosed amount of funding from Japan’s BroadBand Tower Inc and GiTV.

B2B online marketplace Tolexo to lay off 300

February 24, 2017 | Disha Sharma

Online business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard.

Ventureast floats early-stage fund to back health-tech startups

February 24, 2017 | Varun Arora

Early-stage investor Ventureast Fund Advisors India Ltd is raising a new $4 million ($26.6 crore) fund to make angel and seed investments in digital healthcare startups.

Exclusive: Mobile ad platform Oglas raises angel funding

February 24, 2017 | Disha Sharma

Noida-based mobile advertising startup Oglas has raised angel funding from two people, co-founder and chief executive Sunny Agarwal told VCCircle/Techcircle.

Snapdeal sellers knock govt’s doors as e-tailer struggles

February 24, 2017 | Disha Sharma

A group of sellers on online marketplace Snapdeal has approached commerce minister Nirmala Sitharaman to protect their interests as the company’s troubles mount.

Nexus- and Matrix-backed Stayzilla shuts down, may return with a pivot

February 24, 2017 | TEAM VCC

Online homestay aggregator Stayzilla, run by Inasra Technologies Pvt. Ltd, has halted its operations and will “reboot with a different business model,” co-founder and CEO Yogendra Vasupal has said.

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