PepperTap, a Hyperlocal delivery startup founded in 2013 by Navneet Singh and Milind Sharma shuts down its grocery delivery operations. Peppertap will focus on building a logistics company to compete with startups including Delhivery, Flipkart’s ekart division and go Javas head on, multiple sources told Pixr8. In March, Bengaluru-based grocery portal BigBasket raised $150 million (about Rs […]
Abhishek Anand, who was the Chief Technology Officer, Sanat Ghosh, who was the AVP Product, and Ravish Naresh, who was CEO of Indian Real Estate Forum are the latest three co-founders of Housing.com quits. They will start their new venture, according to the company source. “Abhishek, Ravish and Sanat played an important role in building the […]
EdCast, the online and mobile platform for distributing educational content from a network of industry experts, has raised in its latest round of funding led by GE Asset Management. The funding will use to help educational institutions, educators, enterprises and governments worldwide to collaborate with each other. Other investors joining with GE Asset Management includes […]
India’s leading Taxi aggregator platform Ola and its one of the investors Matrix Partners India denied a report on DNA, which alleged that Uber was acquiring stakes of all the investors, including the founders, except SoftBank, with a term sheet likely to be signed by this quarter. “We would like to state that the article, […]
At a time when startups and companies facing economy jolt, Oyo rooms led by Ritesh Aggarwal has raised $100 million in its fifth round of funding. The investors, including Japan’s Softbank, and an international sovereign fund, a person with knowledge of the deal said. Other investors are Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG […]
Realty portal Housing.com plans to spend up to USD 7 million on advertisements this fiscal as it looks to strengthen its brand equity. Softbank-backed company, which today announced the launch of its first ever TV campaign, will be releasing a slew of ads on electronic, digital and social media platforms targetting consumers in the age […]
Vineet Singh, an active angel investor and former Business Head of 99 Acres.com Invested an undisclosed amount in SoftBank funded online real estate portal Housing.com. Mr. Singh will join the Housing board as a senior advisor. “Vineet brings with him enriching experience, deep understanding of the ecosystem, and a decade of high-achieving sales leadership in […]
After Bengaluru, taxi-hailing app Uber today launched a pilot of its bikesharing product “uberMOTO” in Gurgaon. “Uber today announced a pilot of Uber’s bikesharing product – uberMOTO in Gurgaon… This follows our agreement with the government of Haryana to introduce technology based ride-sharing services in the state,” it said in a statement. The company has […]
Grocery delivery service BigBasket has raised $150 million in fresh funding in a round led by UAE’s Abraaj Group as the company looks to expand its services into smaller cities, the investor said. Existing investors Bessemer Venture Partners and Helion Advisors along with International Finance Corp and Sands Capital participated in the round, Abraaj said […]
Continuing its recent streak of partnering with innovative start-up ventures, Indian Railway Catering and Tourism Corporation (IRCTC) has tied up with OYO Rooms, India’s largest branded network of hotels, to offer standardized accommodation and a convenient booking platform to rail travelers. The partnership symbolizes the growing leverage of synergies between the government and homegrown Indian […]
Every Indian entrepreneur asking this one question most when they met with their fellow entrepreneurs and Investors in events. When Flipkart and other companies will go for an IPO? Are they go to list their companies in India? The answer was partially disclosed yesterday, in the last session of Startup India “Show Me The Money: How […]
Baidu Inc, a Chinese web services company, is in talks to invest in Indian e-commerce start-ups including Zomato, BookMyShow and BigBasket, a spokesman for China’s top online search provider said on Wednesday. “The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more resources there […]