Mobile wallet company Mobikwik today said it has raised USD 50 million (about Rs 330 crore) in funding, led by Japanese payments firm Gateway and Taiwanese chip maker MediaTek. Its existing investors such as Sequoia Capital and Treeline Asia also participated in the current round of funding. The company said it will use the proceeds […]
Pratik Luther was pursuing his MBA from Humber College Toronto, Canada when he failed his final semester project because his colleagues did not think he participated enough. As a result, he was forced to repeat a semester with the upcoming batch 3 months down the line. “I got 3 totally blank months with no work […]
Online couponing platform CouponDunia aims to grow revenue by fourfold to USD 20 million this fiscal as it launches new services such as cashback for customers. The company, which counts e-commerce firms like, Flipkart, Amazon, eBay and Jabong, among its clients, is also aiming to expand the total value of transactions through its platforms (GMV) […]
PepperTap Shuts Down Grocery Delivery, Pivots to Logistics Sriram Sharma , 25 April 2016 Share on FacebookTweetShareShareEmailReddit PepperTap Shuts Down Grocery Delivery, Pivots to Logistics Hyperlocal grocery delivery startup PepperTap announced on Saturday that it will be shutting down its operations, the latest casualty in a sector that saw exits of pilots programs from Ola […]
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 […]
Bike taxi operator Rapido has received undisclosed amount of funding from a clutch of investors, including Hero MotoCorp Chairman Pawan Munjal, Google India head Rajan Anandan and early stage investment firms AdvantEdge Partners, Astarc Ventures and Tesellate Ventures among others. “Rapido is a commendable initiative and has the potential to generate significant employment, besides making […]
As per the report in TOI, Bengaluru-based home rental startup NestAway raises $30-million (or Rs 200-crore) funding from New York-based investment fund Tiger Global. This is the first investment from Tiger Global in 2016. Founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Ranjan Parida, NestAway takes a percentage of the monthly rent it […]
Mahindra Group Chairman Anand Mahindra today said energy levels of Indians make him believe there will be a “virtual explosion” in entrepreneurship going forward. “If I use the adjective explosion, we will not be hyping it up…we have amongst the highest energy levels both in quality and quantity anywhere in the world. I see a […]
The recently introduced e-commerce policy is unlikely to change the discounting model of online retailers in the near-term, says India Ratings and Research (Ind-Ra). According to the ratings agency, further clarity is essential for the successful regulation of the sector, implementation of the policy and achieving the desired objective to bring about a level playing […]
The government permitted 100% foreign direct investment (FDI) in the marketplace format of e-commerce retailing with a view to attract more foreign investments. The norms on FDI in the sectors of e-commerce, and IT and ITeS are expected to be part of detailed guidelines, which would be rolled out soon by the government, sources said. […]
Snapdeal-owned digital payments platform FreeCharge has partnered with a payment gateway CCAvenue, giving its customers access to over 100,000 online merchants across sectors like hospitality, retail, and education. It will also help them access real-time, multi-currency online payment services, FreeCharge said in a statement on Monday. “We want to make FreeCharge wallet ubiquitous in both […]
E-commerce firm Infibeam Incorporation is eyeing a valuation of as much as $334 million as it sells shares next week in the sector’s first initial public offering. The company, founded by former Amazon.com employee Vishal Mehta in 2007, set a price range of 360 rupees to 432 rupees per share on Tuesday as it seeks […]