Online office supplies platform Aahaa Stores on Friday announced that it has raised $1 million in the second round of pre-series ‘A’ funding from investor group led by YourNest Angel Fund. Two of the existing investors including YourNest have participated in this round as well at a substantially higher valuation as compared to their earlier […]
Sequoia Capital-backed online pharmacy 1mg has recently acquired Varanasi-based startup Dawailelo. The terms of the deal were not disclosed. “We are very keen on building a pan-India presence rapidly,” said Prashant Tandon, CEO of Gurgaon-based 1mg, which is pushing to expand operations in tier-II and -III cities. “The team at Dawailelo has done a great […]
The Karnataka government today signed MoUs with eight companies including Google and PwC to cater to the needs of the identified 100 startups under the state’s ‘Elevate 100 programme.’ “Google which will provide $3000 worth of cloud credits for startups registered with Startup Cell and $20,000 worth of cloud credit for startups who are winners […]
American venture capital firm Sequoia Capital is exploring the options to sell out its portfolio company Pine Labs, one of the country’s largest PoS (point of sale) solutions provider. According to the sources reported to ET, Sequoia Capital, who presently owns two-third of this Noida based startup, is targeting a valuation of about $1 billion […]
Indian Post has sent a notice to digital payments company Paytm, asking them to stop using the term ‘postcard’ for one of its newly launched products Paytm Postcards. The digital wallet firm had recently introduced Paytm Postcards, a digital option to gift money to someone on festive occasions, launced during Rakhsa Bandhan this year. As […]
Incorporated in the Kingdom of Saudi Arabia with head operations in the Kingdom of Bahrain, leading payment processor PayTabs raised a $20 million investment to support its products and global expansion.
The government today gave its go-ahead to the Reserve Bank to issue Rs 200 notes that will ease pressure on lower-denomination currency bills. The finance ministry, in a notification, said that on the recommendations of the Central Board of Directors of the RBI, “the central government hereby specifies the denomination of banknotes of the value […]
Jack Ma, the founder and executive chairman of China’s ecommerce giant Alibaba, got $1.3 billion richer in the day following his company’s latest quarterly earnings announcement, released on Thursday afternoon, last week.
Delhi based Rootefy, a Rootefy International Pvt Ltd, a construction materials marketplace, has raised seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group. Founded by Nitish Gupta and Manish Kishore in April last year, it has recently raised a funding of Rs 1.2 crore (around $187,285). It will use the funds for infrastructure […]
The ousted chief executive of Uber Technologies Inc rejected a lawsuit filed against him by one of the company’s top investors as a “public and personal attack” without merit, according to court documents filed late on Thursday.
On-demand payments and e-commerce platform for small and medium businesses Instamojo has raised an undisclosed amount in pre-series B funding from Japanese payments firm, AnyPay.
After investing big in Flipkart, Paytm and Ola, SoftBank Group Corporation is looking to invest in another startup Rivigo Services, a transport logistics provider an amount of around $100 million as per the sources aware of the discussions.