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Venture Catalysts Closes 57 deals in 2018

24Dec By Gauri SinghNo Comments

BUSINESS

Venture Catalysts Closes 57 deals in 2018

Venture Catalysts, a startup incubator, closed 57 deals in 2018, helping raise Rs 125 crore for startups in its portfolio, as per data from startup-tracking firm Tracxn. The deals ranged from Rs 3 crore to Rs 13 crore. During the year, its portfolio firms raised Rs 380 crore in total. Founder and president Apoorv Ranjan Sharma stated that the investors were primarily frontier-II towns, which is what Venture Catalysts focuses on. The number of deals it closed in 2018 was more that of its peers like Blume Ventures (30), Lets Venture (12), Orios Venture Partners (11), and Kae Capital and Indian Angel Network (10 each). Venture Catalysts had closed the highest number of investments in 2017 as well. “We are focusing on sectors like FMCG, he...

24Mar By AdityaNo Comments

News

Musafir.com Launch It’s Technology Center in Pune

Musafir.com, one of the leading OTAs in India, today announced the launch of its third technology center in Pune. Musafir.com is looking to double its technology team by the end of the year. The Pune center will complement the technology and product teams that are already operating out of centers in Mumbai and UAE. Technology is at the heart of the aggressive business strategy being pursued by Musafir.com. "Musafir.com was founded with the promise of a stellar user experience backed by the best technology. The establishment of our third technology center in Pune reinforces our commitment to this promise. Our aim is to double the strength of our engineering team by the end of the year, and herald a new generation of innovative user experiences for our travellers," said Albert Dia...

SAIF Partners Sold Its Entire Shares in Makemytrip, Received 16x Returns Around $400 Million

16Feb By AnkitaNo Comments

News

SAIF Partners Sold Its Entire Shares in Makemytrip, Received 16x Returns Around $400 Million

One of the leading Venture capitalist SAIF Partners has sold its entire 11 percent stake in MakeMyTrip and the transactions are estimated to be 400 Million, a largest cash exit in India’s venture capital industry. The news was first reported by economic times. Founded in 2000 by Deep Kalra, Keyur Joshi and Rajesh Magow, Makemytrip shares surged by over 50 percent following its merger with the Ibibo Group. The Nasdaq-listed company’s received about USD 25 million in travel company’s series B and series C round of funding between 2005 and 2008 and owned 41 percent stake in the company when it debuted in Nasdaq in 2010. This is an exceptional investment exit as venture capital firms in India are facing difficulties to generate cash from the investment as only few of the companies have o...

Paytm Hits $5 billion GMV, Rs 150 Crore Offline Transaction

22Nov By AnkitaNo Comments

News

Paytm Hits $5 billion GMV, Rs 150 Crore Offline Transaction

With people being compelled to switch to non-cash mode after the demonetisation move, digital payments company Paytm has been witnessing over 5 million transactions worth Rs 120 crore a day, helping it crosss $5 billion GMV sales, four months ahead of its target. Gross Merchandise Value (GMV), which is an industry term for estimating the total worth of goods sold through a digital platform, for Paytm was $3 billion last year. The Alibaba-backed company, which offers both mobile payment platform and e-commerce marketplace, said it is now witnessing about 5 million daily transactions worth about Rs 120 crore. "Paytm is registering over total 7 million transactions worth Rs 150 crore in a day as millions of consumers and merchants across the country try mobile payments on the Paytm p...

28Aug By AdityaNo Comments

FUNDING

Couponhaat.in Gears up to Raise $2M in Series A Funding

Delhi-based start-up and Indian e-commerce company Couponhaat which provides best coupons and deals for online shoppers, is gearing up to raise around $2 Million in series A funding. The fund raising plan is in sync with its expansion plans and increasing the team size. So far, Couponhaat is fully self-funded. Within just one year of its operation, Couponhaat has emerged as the fresh face of the online coupons and deals industry. Couponhaat offers more than 300,000 coupons to redeem and 7000 live coupons, thousands of product pages and countless deals listed on the site. Over last quarter Couponhaat has raised its graph tremendously and attracted over 2 million hits on the website. The traffic is steadily increasing each month, since the time of its very inception in the month of Apr...