BOX8, one of the India’s fastest growing food delivery startups has raised Rs. 7 Cr in venture debt funding from Trifecta Capital, in addition to Rs. 50 crores raised in series B round raised from IIFL Seed Ventures Fund & Mayfield. Started by two IIT graduates, Amit Raj and Anshul Gupta, BOX8 is a full […]
Online restaurant guide and food ordering app Zomato today said about 17 million user records have been stolen from its database. The stolen information contains user email addresses and hashed passwords but no payment information or credit card data has been stolen/leaked, Zomato said in a blogpost on its website. The startups disclosure comes at […]
Flipkart has been named the top employer followed by Amazon and KPMG India in the second and third place respectively, according to a list compiled by internet professional network LinkedIn. Others in the top 10 of LinkedIn Indias most sought- after employers list include One97 Communications at the fourth place, Ola (5th), HCL Technologies (6th), […]
Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up. This is Softbanks largest investment in a single company in India. While both the companies have declined to comment on the valuation, market […]
The Indian Institute of Management Kozhikode (IIM-K) has launched its Laboratory for Innovation, Venturing and Entrepreneurship (LIVE), a business incubator and entrepreneurship development center. A proposal for LIVE was submitted by the institute in 2016, following which the Department of Science and Technology (DST) sanctioned a grant of Rs three crores. IIM-K has made available required space […]
Japanese conglomerate SoftBank Group has booked a valuation loss of USD 1.4 billion or over Rs 9,000 crore on its investments in Snapdeal and Ola as the startups faced heat from foreign rivals with deep pockets. SoftBank said it suffered a loss of USD 1 billion (Rs 6,500 crore) on its investment in Snapdeal, almost […]
As per the report, India’s two leading e-wallet company MobiKwik & Freecharge looking to merge in an all-stock deal. According to speculation, behind this deal a chinese investor who is willing to pump Rs USD 200 million into this deal. The talks between Freecharge and MobiKwik are on their initial stages. Sequoia Capital is the […]
World is appreciating and recognizing ‘people’ from India, then why is India lagging to figure out the projection of investment from its own ‘people’? Why isn’t India able to harvest it and reap itself huge pool of benefits? Japan has leveraged its cultural emphasis on ‘efficiency and team work’, to revolutionize the manufacturing and engineering […]
On Friday 7th April , Venture Garage organized “Capitalize-Funding conclave ” at IIT Delhi which saw an overwhelming response with over 25 investors and 300 entrepreneurs attending the event. The event started with a panel discussion moderated by Rahul Narvekar, ex CEO of NDTV Ethnic and now CEO, Scale Ventures. Rehan Yar Khan of Orios […]
E-commerce major Flipkart will issue additional shares to eligible employees in efforts to ensure their stake remains at a “steady level” after the latest fund raising round that came at a lower valuation. The Bengaluru-based firm, which competes with the likes of Amazon and Snapdeal, has recently raised USD 1.4 billion at a valuation of […]
Networking giant Cisco today said it plans to make India a global export hub for its products, after recently having started manufacturing access points and routers at a facility in Pune. The US-based company also expects to complete 50 digitisation projects by the end of the year across India, which is part of its USD […]
Indian cab aggregator Ola today said the firm is focussing on building a sustainable business and will turn profitable in two years even as it used the analogy of “Vietnam War” to describe competition with its US-based rival Uber. “…this is corporate war and the competition between us and Uber is very intense… the analogy […]