Delhi | Pixr8 News

25Oct By RishabhNo Comments

FUNDING

MSME Lending Platform Bags $3M In Series A Round Of Funding

Online lending platform Ziploan has raised $3 million in a Series A round of funding led by Matrix Partners India. The funding round also saw participation from its existing pre-series investor WaterBridge Ventures, Whiteboard Capital and former Capital18 MD, Sarbvir Singh. Delhi-based Ziploan is an MSME lending platform which is now planning to utilise the freshly raised funds to expand geographically, targeting non-metro cities. With the funds in hands, it will also increase its loan book size. Talking about the investment, Matrix Partners India MD Vikram Vaidyanathan said, “With over 40 Mn SMEs, SME-lending is a large opportunity, but with tough execution challenges. We believe a cautious, technology-led approach can bring down underwriting and sourcing costs enough to serve the SME...

Chaayos Raises $2 Mn From Tiger Global Management

13Oct By RishabhNo Comments

FUNDING

Chaayos Raises $2 Mn From Tiger Global Management

Chaayos, run by Sunshine Teahouse Pvt Ltd, has raised around $2 million from its existing investor Tiger Global Management in an internal funding round, as per the source Mint. The funds will be utilised to expand tea cafe chain of Sunshine Teahouse, running under the brand name Chaayos. Gurgaon based Chaayos was founded by Nitin Saluja and Raghav Verma in November 2012, and has now set up its own tea cafes in cities- Delhi-NCR, Mumbai, Chandigarh and Karnal. “Chaayos has recently raised funds from its main investor Tiger Global. The funds were raised through a rights issue, which was closed a few weeks ago. Tiger Global invested close to $2 million in the company in the round. A few individuals also participated in the round,” a person familiar with the matter said. In the current...

A Quick Tour Of Cities That Have Opportunities For Potential Startups

6Aug By AnkitaNo Comments

ANALYSIS

A Quick Tour Of Cities That Have Opportunities For Potential Startups

Startup is a risky business. 'The million dollar idea' alone won't suffice. One has to have better understanding about the customer targeted, and how to reach out to them; followed by extensive planning and then finally, an eventual place for the launch of your product(s). It’s very important that one finds the right city according to his or her startup’s requirements. (more…)

30Jul By AnkitaNo Comments

FUNDING

Delhi Based Brick2wall Raises Rs 1.3 Crore Angel Funding

Delhi-based Brick2wall Technologies, which owns and operates Brick2wall.com, an online marketplace for sourcing construction materials as well as construction related services, has raised $200,000 in an angel round from multiple investors. These funds will be deployed for technology upgradation, increasing customer reach, and developing new business lines in Delhi NCR. Brick2wall, incorporated in July 2016 by brothers Nishant Garg and Shashank Garg, claims to be India’s largest marketplace that provides “live prices” of over 40,000 SKUs ranging from core building materials (cement, steel, bricks) to finishing items (electrical, wall finish, sanitary), which it fulfills through its over 500 vendors in Delhi-NCR. The investors who participated in the round include Sundeep Sahni, Founde...

37 Lacs Looted From Flipkart Delivery Centre in Delhi

28Jun By AnkitaNo Comments

News

37 Lacs Looted From Flipkart Delivery Centre in Delhi

In a first such kind of incident, Flipkart delivery centre in Shahdara’s Jhilmil industrial area was attacked by Four masked men looted ₹37 lakh from the office of Instakart, a delivery station of e-commerce giant. The workers reportedly told the police that four men armed with guns entered the premises and asked them to part with the cash. They threatened us with dire consequences, the victims allegedly told the police. The workers claimed this was the second time the company had been targeted in the past few months. “A similar robbery took place at our Patparganj branch around the same time on March 25”. Police said the accused wore helmets and carried pistols. “There were three employees, including a security guard, in the office. The assailants held them hostage at gunpoint and ...

22May By PriyankaNo Comments

FUNDING

Delhi Based Logistics Firm Delhivery Raises $30 Million Funding

Logistics company Delhivery has received USD 30 million (about Rs 200 crore) funding from Chinese conglomerate Fosun International. This additional investment is a part of the bigger equity financing round where The Carlyle Group pumped in USD 100 mn to pick up a minority stake in the firm, according to a statement. The investment in Delhivery is reported to be among the largest in the tech-focused logistics space. It is a pointer to a likely boom in the logistics sector as the government moves ahead with the introduction of GST from July 1 and on the back of robust online retail sales. The Gurugram-based company was launched in 2011 by Sahil Barua, Mohit Tandon, and Suraj Saharan with an aim to disrupt the logistics supply chain market. Later, they were joined by Bhavesh Mangl...

12May By AdityaNo Comments

FUNDING

LegalRaasta Raises INR 32 Crore Series A Funding From Impanix Capital

The Delhi-based startup, LegalRaasta, which provides finance and taxation services to SMEs, raises approximately $5 million in Series A funding from Impanix Capital. LegalRaasta intends to use these funds in building GST compliance software for SMEs, CAs and enterprises. They will offer both - a standalone GST Software and an API interface, to connect ERP (such as SAP, Oracle and Tally) with GST systems. LegalRaasta has already applied as a GSP (GST Suvidha Provider) with the government. LegalRaasta intends to serve its existing SME clients and over 80 lakh+ potential SMEs to be covered under the GST regime. Through its GST software solution, LegalRaasta intends to simplify GST filing through features such as reconciliation, excel upload, app-based GST filing, etc. LegalRaasta alread...

Letsmd.com- One Stop Platform To Compare & Find Best Hospitals & Doctors

29Mar By AdityaNo Comments

Story

Letsmd.com- One Stop Platform To Compare & Find Best Hospitals & Doctors

Seeking to help patients get cheaper hospital treatment and loans to cover the cost, a group of entrepreneurs has launched an online aggregator. Founded by Mr. Prakhar Gupta and Tenzin Thargay, this New Delhi based healthcare startup Letsmd.com provide options to a person who can choose the hospital, the doctor and get the price/cost comparisons from 300 of the 500 speciality tertiary-care hospitals in the capital. Letsmd.com also facilitates loans for patients for a duration of 10-24 months at an interest of 6.5-10 per cent. It closed a USD 750,000 funding from a clutch of angel investors like Calcutta Angels, Waterbridge Ventures and Anupam Mittal, recently, founder Nivesh Khandelwal told Pixr8. The elective medical needs covered by the aggregator includes only IVF treatment, b...

5Nov By NitishNo Comments

FUNDING

Delhi Based Food Joint QD’s Has Raised an Undisclosed Funding

Delhi based food joint QD's has raised an undisclosed amount from Chanana Group of Delhi and is all set to expand its chain of restaurants in the city. The capital will be used for new restaurants and strengthening the brand, the company said in a statement. QD's is a popular food restaurant chain in Delhi, famous for its Indian and Chinese cuisine offerings. Currently it has four outlets across the capital (Laxmi Nagar, Kirti Nagar, Satya Niketan and Hundson Lane). QD's was founded in 2010 by Akhil Malik and his team. It initially opened to the public in Satya Niketan and Hudson Lane, better known as South Campus and North Campus of the Delhi University respectively. Later, two more outlets were launched in Kirti Nagar and Lakshmi Nagar due to its rising popularity. "We have r...

Finance Ministry Will Challenge Delhi High Court Order to Refund The Service Tax of Travel Portals MakeMyTrip, Ibibo and Ebiz

4Sep By Press Trust of IndiaNo Comments

INDIA, News

Finance Ministry Will Challenge Delhi High Court Order to Refund The Service Tax of Travel Portals MakeMyTrip, Ibibo and Ebiz

A recent High Court verdict directing the central revenue authorities to refund service tax collected from three travel portals including MakeMyTrip may be challenged in Supreme Court by the government. Officials sources today said legal experts are going through the High Court order and an appeal challenging the verdict is likely to be filed in Supreme Court. Delhi High Court had on Thursday ordered Directorate General of Central Excise Intelligence (DGCEI), an intelligence arm under the Finance Ministry to refund the service tax collected from travel portals-- MakeMyTrip, Ibibo and Ebiz, saying the payment made by them "was not voluntary but under coercion and duress". The court had also pulled up the DGCEI for "unwarranted" arrest of a senior official each from MakeMyTrip and Ebi...

‘Select Citywalk’ Indias First Mall to Adopt Mobile Payments Services

27Jul By AnkitaNo Comments

News

‘Select Citywalk’ Indias First Mall to Adopt Mobile Payments Services

Thousands of daily shoppers at premier shopping destination of the capital city, Select Citywalk will now be able to make cashless transactions for parking, meals at food court, movie tickets and flea market using their Paytm wallets. Select Citywalk has become the country’s first mall to adopt mobile payments with this partnership with Paytm, India’s largest payments company. “As Paytm, our mission is to make payments extremely simple. Select Citywalk is a preferred shopping destination for Delhi’s Mall goers and has high footfalls on all days of the week because of the good overall experience that it has to offer. Our partnership with Select Citywalk will take this experience to the next level by enabling cashless payments at food court, parking and other stores in Select Citywalk,...

Dalitfoods.com: A Website For Pure Dalit Foods

18Jul By AdityaNo Comments

Story

Dalitfoods.com: A Website For Pure Dalit Foods

When was the last time you visited a restaurant with all Dalit chefs? Or picked up a cookery book with authentic recipes of Dalit cuisines? Or even bought a masala unique to Dalit recipes? Possibly never. For that matter, what counts as ‘Dalit food’ to begin with, you may ask. Not very surprisingly, the omniscient Google would be of little help here. Type ‘Brahmin recipes’ on the search bar, and you’ll be deluged with options, each sounding more tempting than the other. But type ‘Dalit recipes’, and suddenly Google Baba is as blank as the rest of the country. It is this invisible character of Dalit food that Dalit entrepreneur and adviser to the Dalit Indian Chamber of Commerce and Industry, Chandrabhan Prasad, is seeking to address through his new e-commerce venture dalitfoods.com whi...