London-listed fashion e-commerce company, Koovs announced its plan to raise 22-23 million pounds this year in a bid to accelerate its growth plans and expand its presence in the Indian e-commerce market. This decision comes amidst dropping sales reports in the UK market. It also announced its willingness to raise 50 million pounds funding, as […]
While almost every companies try to move their offline business online, BigBasket is trying the opposite approach. One month after $300 million funding round by Chinese multinational Alibaba, BigBasket is looking to cash in on the offline market by implementing kiosks that will stock fruits, vegetables and other daily grocery items. The offline kiosks will […]
Online Furniture retailing startup urban ladder raised $12 million from Kalaari Capital, SAIF Partners, Sequoia Capital and Steadview Capital. Two anonymous individuals close to the company shared the information about the company funding. They Urban Ladder will keep trying to lure investors in the company so as to raise more capital for another six months. […]
Tencent Holdings, China’s internet mastodon is again making sensation in the Indian market with another colossal investment. Indeed, after investing an eye-dropping $1.1 billion in cab-hailing firm Ola, back in October last year, Tencent Holdings are spilling the cash for yet another Indian firm. Gaana, a music streaming app is raising $115 million funding from […]
Bengaluru- Guragon based online grocery start-up Grofers is looking to raise $65 Million fresh funding from leading investors like Softbank & Tiger global. But the funding round will devalued 40% of Grofers valuation as per the report published by LiveMint. However the early investor in Grofers, Sequoia Capital will not participate in this round. The […]
The business-to-business electronic commerce platform Udaan has raised $500 million in a Series B round of funding from Lightspeed Venture Partners, Lightspeed India and DST Global founder Yuri Milner’s personal investment vehicle Apoletto. It also involved Ravi Mhatre from Lightspeed Venture Partners and Bejul Somaia from Lightspeed India also took part in the transaction. This funding is recognised to […]
Nasscom, the software industry lobby has once again expressed concern over the falling funding into indian startups and called for added focus to galvanise the entrepreneurial ecosystem. The National Association of Software and Services Companies (Nasscom) had last November shared its concern over the taxation issues in the startup scene, which led to a steep 50 per […]
Amazon India is ready to launch its beauty and personal care products, thus giving a cut-throat competition to other major Online beauty stores such as Nykaa, Purplle, Slassy, Jabong, Myntra etc. Previously Flipkart-owned Myntra has also announced to launch its own brand of Beauty and cosmetics products. Leaving no stones unturned, the top two businesses […]
The startup industry is not doing it for the money, but money is one of the most talked about thing in the startup world. Money flows in the system at a greater pace and in considerable numbers. The scenario is pretty much clear for VCs, how they plan on making money by funding the startup […]
Bengaluru based Mutual Fund and SIP based investment platform Groww raises an undisclosed seed funding from Y Combinator, Mukesh Bansal (Myntra Founder) and Ankit Nagori, former chief business officer of Flipkart. The company will use the fresh round to expand its technology team and also introduce new products for its customers. “Our long-term vision is […]
One97 Communication owned, payments and gateway company Paytm is now valued at $10 billion. As a result, the existing and former Paytm employees have been able to liquidate their vested ESOPS (employee stock ownership plan) by selling them to new investors including undisclosed family offices. Over 200 employees of the company liquidated their shares for […]
Flipkart owned India’s leading fashion e-commerce company Myntra turnover zoom of ₹2,000 crore in fiscal 2016-17, an 87% jump from the previous year, according to a filing with the Ministry of Corporate Affairs. The company had posted a ₹816 crore loss in FY16. Tofler a data-tracking platform published this report. As per the report, 94% revenue […]