VCC Startups

Get My Parking raises $1.1 mn from IAN, others

February 23, 2017 | Binu Paul

Cloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal.

What’s inside Aadhaar-linked Skype Lite?

February 23, 2017 | Disha Sharma

Skype Lite, the 13MB video-calling app that works flawlessly even on a slow network, could well be the answer to the woes of scores of mobile users struggling with call drops and barely-workable data speeds in India.

Snapdeal layoffs: In the works for months, but kept out of employees' sight

February 23, 2017 | Varun Arora & Disha Sharma

For employees of India's third-largest e-commerce firm Snapdeal, the last couple of weeks have been stressful, to put it mildly.

Ola, Uber drivers begin indefinite strike in Bengaluru; services paralysed

February 23, 2017 | Binu Paul

Nearly 90% of the one lakh cab drivers associated with taxi-hailing companies Ola and Uber are taking part in an indefinite strike in Bengaluru, bringing the app-based taxi services to a grinding halt in the city.

MobiKwik to invest $45 mn on merchant, user acquisition

February 23, 2017 | Arti Singh

Digital wallet MobiKwik, run by One Mobikwik Systems Pvt. Ltd, will invest Rs 300 crore (about $45 million) this year on acquiring merchants and users, as it looks to increase its share in the highly competitive payments market.  

Swedish investor Kinnevik to sell half its stake in Rocket Internet

February 23, 2017 | Deepti Chaudhary

Swedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket Internet SE.

Curated marketplace TheBagTalk aspires to be the BuzzFeed of bags

February 23, 2017 | Deepti Chaudhary

Looking for a carry-on bag that strikes a fine balance between design and functionality? What if we told you there is one that turns into a kick scooter to help you manoeuvre large airports!

Fin-tech sees sharp funding slowdown, but there's a silver lining: KPMG

February 22, 2017 | Arti Singh

Venture capital (VC) investments in India's fin-tech sector nosedived to a mere $216 million in 2016, a far cry from the previous year's $1.6 billion, according to KPMG International’s quarterly report on global fin-tech investment that was released Wednesday.

Bharti Airtel picks up stake in fintech startup Seynse

February 22, 2017 | Arti Singh

Telecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement.

The value of the investment is not disclosed.

Snapdeal to lay off 600; founders forego salary

February 22, 2017 | Dearton Thomas Hector

Jasper Infotech Pvt. Ltd, which runs Snapdeal, has decided to lay off 500-600 employees across the e-commerce marketplace and its subsidiaries, mobile wallet Freecharge and logistics wing Vulcan Express, a person aware of the development told Techcircle.

Exclusive: Dating app Vee pivots again – this time to woo SMEs

February 22, 2017 | Disha Sharma

Lightspeed Venture Partners-backed GetVee Technologies Pvt. Ltd, which operated dating app Vee, has pivoted its model for the second time to become an e-commerce enabler for small and medium enterprises (SMEs), its founder Nitin Gupta told Techcircle.

Exclusive: eBay India’s head of product development Ramkumar Narayanan quits

February 22, 2017 | Binu Paul

Ramkumar Narayanan, general manager and global head of monetisation products at eBay Marketplaces in India, has resigned from the firm. He was primarily responsible for generating revenues for eBay.

Narayanan has confirmed the development to Techcircle.

Why FbStart is worth a look for startups looking to jump-start their journey

February 22, 2017 | Disha Sharma

Ask the startup folks, and they will tell you how tricky the first couple of years are—challenges are aplenty, capital is scarce, firefighting is perpetual and chaos is the order of the day.

FreeCharge founders, Chaayos CEO back B2B pharmacy app Reap

February 22, 2017 | Varun Arora

Mumbai-based Workcell Solutions Pvt.

FreeCharge CEO Govind Rajan quits

February 22, 2017 | Arti Singh

FreeCharge chief executive officer Govind Rajan has resigned from the company just nine months after he was appointed to lead the Jasper Infotech-owned digital payments subsidiary.

Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

February 22, 2017 | Binu Paul

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy.

Eyeing new revenue streams, fresh India fund in 2017: Jaarvis Accelerator's Saumyajit Guha

February 22, 2017 | Arti Singh

Saumyajit Guha, former chief operating officer at Calcutta Angels who single-handedly closed seven startup investments in just nine months last year, is all geared up for his new challenge at Gurgaon-based Jaarvis Accelerator.

Former Fidelity India executive Pratul Chopra joins Flipkart

February 21, 2017 | Manu P Toms

The founder of carpooling app iRideShare and former head of marketing analytics at Fidelity India Pratul Chopra has joined Flipkart’s senior leadership team.

BharatQR code: Another milestone on the less-cash road?

February 21, 2017 | Varun Arora

Following its demonetisation move on November 8 last year, the government has taken a series of steps towards a less-cash, digital economy, notable among them being the Unified Payments Interface (UPI) and the BHIM app.

Chipmaker Infineon to mentor startups incubated at Electropreneur Park

February 21, 2017 | Arti Singh

German semiconductor company Infineon Technologies AG has signed initial pacts with the India Electronics and Semiconductor Association (IESA) to offer business and technical consultation and provide mentoring to startups incubated at the Electropreneur Park.

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