As per Economic Times report, Japan’s leading telecom giant Softbank looking to invest Rs 1,700-2,000 crore in India’s leading Taxi aggregator Ola. This is the first funding investment from Softbank after Nikesh Arora Exit. According to the sources, ” SoftBank is looking to commit more capital but Ola wants to control dilution”. Ola was valued at […]
Hong Kong – Good Parents Inc., a one-year-old startup focused on children’s health and wellness, today announced a $2 million seed investment round. The latest seed round was led by senior partners at Jungle Ventures with participation from Fireside Ventures, Bio Sensors International, Gaja Ventures and several marquee angel investors across Asia and the U.S. […]
Razorpay is India’s first payment gateway to launch Unified Payment Interface (UPI), for its 10,000+ merchants. The option will enable customers to make online payments via UPI in addition to netbanking, wallets and credit/debit cards. This will be the first large-scale rollout on the merchant side and does not require the addition of any code […]
Online classifieds platform Quikr today said it has acquired Stepni, a platform that connects vehicle owners with neighbourhood service providers, for an undisclosed amount. The move strengthens Quikrs service offerings under QuikrCars and also opens cross-selling opportunities for QuikrServices, it said in a statement. Stepnis founders and team will join QuikrCars with immediate effect, it […]
American payments and financial services company MasterCard has invested an undisclosed amount in Razorpay, an online payment gateway solution for small and medium enterprises and platforms. This marks the second equity-based investment done by MasterCard. Bengaluru-based Razorpay, which works with online product and technology businesses such as cloud telephony company Knowlarity and lifestyle ecommerce portal Nykaa, […]
Microsoft Accelerator in India and TCS Co-Innovation Network have announced a joint initiative to create a platform that provides a boost to the Indian startup ecosystem. Under the collaboration, an open innovation framework will be created to mentor and engage with startups to bring their innovative solutions to market. The announcement was made at Think […]
Telecom solutions provider U2opia Mobile will invest USD 3 million (around Rs 20 crore) over the next three years to fund startups working on scalable mobile technology. Under its Catapult programme, in the first year, U2opia will invest in five-six companies that have about 2-4 members. The programme is aimed at helping early-stage startups and […]
Founded in 2015 by three ex-Zoho employees Arvind Parthiban, Naveen Venkat, and Santhosh Kumar, Zarget has raised $1.5 million in seed funding from global venture capital firms Accel Partners and Matrix Partners, and angel investors such as Girish Mathrubootham, CEO of Freshdesk. The company launched its Zarget platform, a conversion rate optimization tool built as a Chrome […]
As per the mint report, Stayzilla has raised $13 million Series C funding from existing investors Matrix Partners and Nexus Ventures, according to documents filed with the Registrar of Companies. In report the funding round of online aggregator of budget hotels split into three tranches of $8.8 million (Rs.58.5 crore), $1.9 million (Rs.13 crore) and […]
As per the report in ET, Roadrunnr (Logistics player) and Tinyowl(online food ordering platform) are in early stages talks to merge in an all-stock deal. Venture funds including Sequoia Capital and Nexus Venture Partners invested in both the startups. At present, both companies have cash to sustain operations for at least 10 months. The talks […]
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, […]
One of the top two online classifieds sites in the country, Quikr saw its losses more that double last fiscal as it sought to stretch its lead over Naspers’ controlled OLX with turbo charged marketing. Quikr, that counts Warburg Pincus, eBay, Kinnevik, Tiger Global, Falcon Edge, Steadview, Matrix Partners, Omidyar and Norwest Venture Partners among […]