Atomberg Technologies, a Mumbai based fan manufacturing startup launched by IIT-Bombay alumni, has created an innovative and highly energy efficient fan called “Gorilla Fans”. Gorilla Fans are based on the state-of-the-art Brushless DC technology that is more energy efficient than even the five-star ceiling fans available in the market. The Gorilla Fans consume just 28 […]
BillDesk, a payments gateway is looking to sell its company as the company’s private equity investors want to leave the company due to an overall growing interest of investing in payments market, according to reports. Those investors include private equity companies TA Associates and General Atlantic and venture capital firm Clearstone Venture and government held Singaporean […]
Indian government launched an e-commerce portal to support tribes in India. The tribal ministry launched the portal www.tribesindia.com and an android app “Tribes India”. The website looks good and shows the handcrafted products in segments like fashion, bags etc. Indian Tribal Affairs Minister Jual Oram also launched the Tribes India banner on India’s leading e-commerce portals […]
India based online e-commerce platform ShopClues revenues grow 60 percent this fiscal, while losses have been trimmed by almost 40 percent compared to the previous year as per the press release published by the company. The Gurgaon-based company focusses on categories like fashion and strengthening position in tier III cities and beyond to push the growth. Shopclues will […]
It has been announced that Shopclues fired 45-50 employees from different domains. A company spokesperson confirmed the layoffs but pointed out that they were made according to the individuals’ work performance, which according to the firm “has impacted less than 4% of the company’s overall workforce.” “Unfortunate as it might be, the rigors of a […]
i2iFunding.com, a prominent peer-to-peer lending platform announced on Thursday that it has raised a second round of angel investment worth Rs 5 crores. The funding round was led by SucSEED Venture Partners, Manish Poddar, an entrepreneur and investor along with a group of angel investors from worldwide famous consulting and private equity firms. The investment […]
Swiggy, a food delivery app, and Flipkart’s payment arm Phonepe have collaborated to provide more payment option to users during the food ordering payment. So apart from other online payment option, now you can pay via Phonepe wallet in the Swiggy app. PhonePe is currently being accepted by more than 60,000 online and offline merchants. “An increasing […]
Micromax invested in a consumer technology and AI based start-up ‘One Labs’ who manufactured a product ‘inOne’ allowing users to access apps across different categories including food, shopping, travel, deals, cabs, news, recharge, games, etc… ‘InOne’ is the star product of One Labs and presently regroups over 50 apps in a 10 mb program. Some […]
In 2014, Xiaomi, the Chinese electronics and Software Company, stepped in the Indian market with an innovative market strategy in partnership with Flipkart, the country’s largest online retailer by launching the Mi 3. The model unveiling took place in a small hall with few journalists covering the event; a big contrast to the unveiling of […]
Kalaari Capital, the venture capital and investor in Snapdeal, held talk with the company’s promoters about selling part or the totality of its stake in the e-commerce on the online market. According to anonymous sources, the discussions are still at an early stage and there are yet no guarantee that the request will be granted. […]
Avail finance, an online lending platform based in Bengaluru recently raised $17.2 Mn in a Series A funding round led by Matrix Partners which comprises of both debt and equity. This round of funding also saw the participation of Bhavish Aggarwal and Ankit Bhati, Ola’s co-founders; Binny Bansal, co-founder & CEO of Flipkart; Kunal Shah, […]
Goodera, the Menlo Park and Bangalore-based CSR and sustainability management platform have raised ₹79 Cr funding in a Series B round. The existing investors Nexus Venture Partners and Omidyar Network are leading this round. Saif Partners also participated in this funding round. Phanindra Sama,and Sunil Chandiramani of Nykaa are the Angel investors who invested early in Goodera. Founded in […]