Ankita | Pixr8 News

12May By AnkitaNo Comments

FUNDING

Online Lending Platform Capital Float Raised USD 25 million (Rs 170 crore) Funding

Online lending platform Capital Float has raised USD 25 million (Rs 170 crore), led by Creation Investments Capital Management. The Series B financing also saw "significant participation" from existing investors like SAIF Partners, Sequoia India and Aspada, Capital Float said in a statement. This is the third round of funding, bringing the total equity capital raised by the company to USD 42 million. This round of growth capital will help Capital Float expand its lending footprint to over 20,000 small and medium enterprises in over 100 cities, and introduce new financial products online, it said. Founded in 2013, Capital Float has created a proprietary technology platform to evaluate the financial health of SMEs and efficiently deliver working capital to a segment that is under...

AskmeBazaar announces the Launch of Automobile Category, Offers online booking of 2 Wheelers

11May By AnkitaNo Comments

Automobile, News

AskmeBazaar announces the Launch of Automobile Category, Offers online booking of 2 Wheelers

AskmeBazaar.com, India’s fastest growing online marketplace, today announced the launch of the automobile category on its portal. The company has ventured into two-wheelers (scooters and motorbikes) and will be offering 2-wheelers from 4 renowned brands namely Honda, Piaggio, Suzuki and Royal Enfield. The company is booking orders from Pune in the initial phase and will soon be launching online bookings for automobiles in other major metropolitan cities like Gurgaon, Delhi, Noida, Bangalore, Chennai, etc. The entire booking to delivery process has been automated to deliver convenience of online and includes processes like vehicle registration, finance, insurance, etc. The rates offered are most competitive in the market. Also, AskMe Cashbacks will be available for every booking, as a p...

Alok Kejriwal Led TheRodinhoods Partners With Dell to Help Startups in India

11May By AnkitaNo Comments

News

Alok Kejriwal Led TheRodinhoods Partners With Dell to Help Startups in India

TheRodinhoods (TRH), an entrepreneurial based community announced that it has partnered with Dell in India to help serve the fast growing and booming startups in India. Explaining the tie-up, Asha Chaudhry, Co-Founder and Editor of TheRodinhoods said, “TheRodinhoods is a close-knit community that serves thousands of entrepreneurs in India - 11,500 of whom are registered members of our site. We are happy that Dell has chosen to support us in our cause and endeavor to help entrepreneurs. It will be our privilege to present Dell’s offerings to our community and beyond.” She further added, “When we began discussing synergies with Dell, we were able to showcase how we are very close to the startup scene in India and have inroads into the lives and dreams of many aspiring entrepreneurs who are...

11May By AnkitaNo Comments

FUNDING

Faircent Raises Series A Funding From JM Financials, Picks Up 10 pc Stake

Financial services firm JM Financial today said it has acquired close to 10 per cent stake in peer-to-peer (P2P) lending startup Faircent. Though the amount has been undisclosed but it's estimated to be close to Rs 16.5 crore (between USD 2.5 million to 3 million). In a filing to the BSE, the company said its subsidiary JM Financial Products has executed the agreement to acquire securities representing up to 9.84 percent on a fully diluted basis of the total paid-up capital of faircent. Faircent is engaged in the business of operating a web portal and mobile application under the name of Faircent.com which provides a virtual peer-to-peer lending marketplace. Without disclosing the deal size, Faircent founder and CEO Rajat Gandhi said "funds raised from the transaction would be used ...

10May By AnkitaNo Comments

FUNDING

Healthifyme a Mobile Based Fitness Startup Raises $6 million Funding

HealthifyMe, a mobile health and fitness startup today announced Series A funding of USD 6 million (about 40 crores) led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after announcement of seed round led by angel investors and Micromax, the company said in a release. Stating that HealthifyMes funding comes on the back of strong growth, it said adding that with in a years time, the company has scaled up users to 5,00,000 from 30,000 users in January 2015. The funds will be used to further develop its digital coaching platform and to accelerate growth in India, the company said. "With these funds we plan to impact 5 million users and tie-up with over 500 corporate and healthcare partners. Our aim is to be the best in the world and we wi...

Bangalore Based Food Startup Swiggy Raised Rs 47 crore

10May By AnkitaNo Comments

FUNDING

Bangalore Based Food Startup Swiggy Raised Rs 47 crore

Online food ordering startup Swiggy has raised Rs 47 crore from existing investors Norwest Venture Partners, DST Global and Accel Partners. The value of Swiggy is now over Rs 865 crore or $130 million. Over the past few months, the company has also seen its order value basket size increased to Rs 375 per order. Close to 30% of these orders are cashless. Swiggy is also fulfilling close to 40,000 orders from the eight cities that it operates in including Bengaluru, Hyderabad and Delhi-NCR. The new round of funding gives the startup additional horsepower to go deeper into its core eight cities and maintain its market leadership position as it competes with other startups including Zomato and Runnr, to be formed after the merger of Roadrunnr and TinyOwl. Reddy explained that the compa...

Knowlarity Acquihires Customer Engagement Platform Smartwards

10May By AnkitaNo Comments

ACQUISITION

Knowlarity Acquihires Customer Engagement Platform Smartwards

Gurgaon-based Knowlarity Communications, a cloud telephony company has acquihire Delhi-based Customer Engagement platform, Smartwards for an undisclosed amount. After the acquisition, Co-Founders of the acquired startup, Shantanu Mathur and Dhanraj Singh Bisht will join Knowlarity and head its India operations. Also, as part of this acquisition, Knowlarity will now integrate Smartwards solution to its product to provide enterprise solutions to SMBs in and outside India. "We are focused now on large enterprise clients and have pulled back from serving small and medium businesses. We are excited about building artificial intelligence into products and voice as a segment and hybrid cloud telephony on premise," said Ambarish Gupta, founder of Knowlarity. Mathur, who was the CEO of e-comme...

Top 5 Portals To Help You Settle in a New City

10May By AnkitaNo Comments

News

Top 5 Portals To Help You Settle in a New City

If you're new to the city and still trying to settle down, check out these 5 portals that can help you feel at home in a jiffy! From finding a home to making friends, these portals are all you need. 1. Search, compare, book! - Wego.com offers you the best platform to find cheap travel tickets Its sometimes exasperating to sift through multiple websites searching for the best deal to buy your tickets to the city. Wego provides you the perfect platform to compare the prices of all flights and travel portals! Simply type in your destination and watch as Wego lists the best deals for you. 2. Find, book, shift! - Zenify.in helps you find your perfect home! If you're moving to Bangalore, Zenify is the broker you need. With many localities for you to choose in Bangalore, ...

Save Your Children From ‘Useless’ Degrees – RBI’s Raghuram Rajan

8May By AnkitaNo Comments

INDIA

Save Your Children From ‘Useless’ Degrees – RBI’s Raghuram Rajan

Reserve Bank of India governor Raghuram Rajan said on Saturday that efforts should be made to make quality higher education affordable and cautioned students to be careful of “unscrupulous schools” that left alumni with high debt and “useless degrees”. Speaking at the convocation ceremony of Shiv Nadar University, Rajan said while banks must be careful to ensure that student loans were repaid in full, there needed to be concessions for those who fell upon bad times or opted for public service jobs. “We have to be careful that student loans are repaid in full by those who have the means, while they are forgiven in part for those who fall on bad times or those who take low-paying public service jobs,” Rajan said. Banks’ bad loans have become a politically sensitive issue after l...

Snapdeal Acquires Customer Personalisation Firm TargetingMantra

6May By AnkitaNo Comments

ACQUISITION

Snapdeal Acquires Customer Personalisation Firm TargetingMantra

Snapdeal today said it has acquired TargetingMantra, a move that will help the ecommerce major enhance personalisation of shopping experience of customers. The acquisition amount was not disclosed by Snapdeal. TargetingMantra specialises in the field management of customer life cycle through personalisation, targeting and big data analytics. Founded by former Amazon executive Saurabh Nangia and management consultant Rahul Singh in March 2013, TargetingMantra has offices in Palo Alto and Gurgaon. Its solutions help increase conversion rates through intuitive product discovery, recommendations and channel selection. "At Snapdeal, TargetingMantra's team will further the on-going initiative to build the customer experience engine, which will personalise shopping experiences for...

Railways Denied Reports of Data Leak From IRCTC Website

5May By AnkitaNo Comments

News

Railways Denied Reports of Data Leak From IRCTC Website

Railways today dismissed reports about the leak of email and mobile numbers from user profile data of Indian Railway Catering and Tourism Corporations (IRCTC) e-ticketing system and said everything is safe and secure. There is no hacking nor any leakage of IRCTC ticketing website and everything is safe, Railway Board Member (Traffic) Mohd Jamshed told PTI. He was replying to a query about reports citing cyber officials in Maharashtra regarding alleged leak of email and mobile numbers from user profile data of IRCTC e-ticketing system. He said the security system has already been reviewed twice in the recent past. Railways constituted a committee comprising cyber experts and vigilance officials from IRCTC and Centre for Railway Information Systems (CRIS) on May 3 to check the po...

Online Retailer Nykaa.com To Raise Rs 60-100 Cr

5May By AnkitaNo Comments

FUNDING

Online Retailer Nykaa.com To Raise Rs 60-100 Cr

Online beauty retailer Nykaa.com today said it plans to raise Rs 60-100 crores for marketing and setting up warehouses even as it focuses on opening more retail outlets to deepen its footprint. "We plan to raise another Rs 60 to Rs 100 crore from private sources...majority of investment will be into marketing to build the brand, warehouses and also on technology to enable more number of shoppers to shop simultaneously on the portal," Nykaa.com Founder and CEO Falguni Nayar told reporters here. The company had raised USD 9.5 million from private equity firm TVS Capital last year. To expand its offline presence, the former investment banker said the company plans to open 30 stores in 30 cities by 2020. She further said the company has three warehouses in Mumbai, Delhi and Bengaluru. "W...