Sunday, March 3

Tag: investor

Looking for Alternative Investment Options – Visit i2iFunding.com
Story

Looking for Alternative Investment Options – Visit i2iFunding.com

Technological disruptions have not left financial sector out of its impact and India currently has several fintech startups developing out from its cocoon. Fintech startups mostly confined of online payment wallets and now online lending marketplaces. i2ifunding a Peer to Peer platform where an individual can borrow money at a desired rate of interest and an investor can lend to retail borrowers according to their interest rates. While P2P lending is still at a nascent stage in India, it is one of the leading means of financing in countries such as the US, the UK, Germany, China etc. and many p2p players have grown to become Billion dollar companies. It has been growing in leaps and bounds around the world, thanks to an increase in the internet penetration and tremendous acceptability of...
Startup IdeaChakki Raises Funds From Ratan Tata
FUNDING

Startup IdeaChakki Raises Funds From Ratan Tata

Food tech startup IdeaChakki has raised an undisclosed amount of funding from leading industrialist Ratan Tata. The city-based startup, which provides digital video menu for restaurants and allows customers to gift food and beverage experience across the world, has also partnered with investment bank Enablers for their next round of funding. The funds raised from Tata will primarily be used for expansion into new geography, along with building the in-house team and strengthening the technology, IdeaChakki said in a statement. The Chairman Emeritus of Tata Sons has been actively investing in startups in India and abroad. Some of these firms include Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi, Ola, DogSpot.in, Tracxn, CashKaro, FirstCry and Teabo...
Lenskart Raises Funding From Wipro’s Investment Firm Premji Invest
FUNDING

Lenskart Raises Funding From Wipro’s Investment Firm Premji Invest

Three months after its Rs 400-crore funding, Lenskart has raised an undisclosed amount from Premji Invest, the investment office of Wipro chief Azim Premji. The move will help the online eyewear retailer gain from Premji Invests extensive experience across retail brands, Lenskart CEO and Founder Peyush Bansal said. "It will also help us in our road map go public in the next 4-5 years," he added. Bansal said Premji has a lot of experience on the retail front investing in companies like FabIndia that Lenskart is looking to tap into. Previously, the Ratan Tata-backed company has raised about Rs 714 crore from investors like IFC (venture capital arm of the World Bank), TPG Growth, IDG Ventures, Unilazer Ventures and Adveq. "With this collaboration, the company will be ...
P2P Lending Platform i2ifunding Announces ‘Principal Protection Fund’
News

P2P Lending Platform i2ifunding Announces ‘Principal Protection Fund’

i2ifunding.com, leading peer-to-peer lending platform has announced first-of-its-kind investor protection fund, which will allow its investors to enjoy up to 100% protection against loan defaults. Speaking about the announcement of Principal Protection Fund, Vaibhav Pandey, Co-founder and CEO of i2ifunding.com said, "The principal protection fund is a step further in our commitment to build a healthy ecosystem. The investors on our platform now significantly reduce the risk of losing their principal because of a loan default. While we ensure that there are no defaults, even if they do happen, we will share the burden with the investors. With this fund, we have increased our skin in the game." The participation in the 'Principal Protection Fund' is available by default to all investors wh...
With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India
ANALYSIS

With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India

25 February 2016, Bangalore: Unitus Seed Fund, India’s leading seed-stage impact investor, released its annual fund and portfolio impact report. Since 2013, the fund has made a total of 23 investments across sectors including Education, Healthcare, Financial Technology, Agriculture, Retail and Ecommerce, Mobile and Consumer. Their new impact report shows doubling of the total portfolio reach, touching more than 6.5 lac low-income lives across 22 states in India. According to the Global Impact Investing Network, the market for impact capital is currently $60B and is expected to reach $2 trillion over the next 10 years. In India, there has been a shift of mindset from pure not-for-profit enterprises to establishing sustainable and scalable market-based models to tackle low-income popul...
Alphabet Inc Changes Results Format to Separate Google, Other Bets
BUSINESS

Alphabet Inc Changes Results Format to Separate Google, Other Bets

Reuters- Hoping to provide greater clarity into the performance of its many holdings, Alphabet Inc said it would report financial results under two segments, Google and "Other Bets," when it releases fourth-quarter earnings on Monday. Under Google, Alphabet will report the results of its main Internet and related businesses such as search, ads, maps, YouTube, Android, Chrome and Google Play, and hardware products such as Chromecast, Chromebooks and Nexus, as well as its virtual reality offerings. "Other Bets" will detail Alphabet's other businesses including Access/Google Fiber, Calico, Nest, Verily (formerly known as Google Life Sciences), GV (once known as Google Ventures), Google Capital and X, better known as Google X. Alphabet said there would be no changes to its consolidate...
Uber drives into China tourism industry
CHINA, News

Uber drives into China tourism industry

Uber Technologies Inc said on Monday its China unit will get an undisclosed amount of investment from Chinese firm HNA Group as part of a partnership of the U.S. ride-hailing firm with the aviation and shipping conglomerate. The partnership, which marks Uber's ambitions to break into China's huge tourism industry, includes an array of transportation services to and from airports and for HNA flights, as well as online financing for the automotive sector. Uber CEO Travis Kalanick said in Beijing he envisions a system where customers can seamlessly move from traveling within a city to between and outside cities, built on a global series of partnerships. Uber's partnership with HNA Group comes as it and rival Didi Kuaidi vie to forge ties with influential Chinese companies with long-e...
Dr Lal PathLabs raises $28.6M ahead of IPO
News

Dr Lal PathLabs raises $28.6M ahead of IPO

Dr Lal PathLabs Pvt Ltd, operator of the second-largest medical diagnostics services chain in the country, has raised Rs 191 crore ($28.6 million) by selling shares to anchor investors ahead of its initial public offering. The company allotted 34.80 lakh shares at Rs 550 apiece to anchor investors, it said in a statement on Monday. The anchor investors included investment funds and mutual fund schemes operated by Fidelity, T Rowe Price, JP Morgan, Birla Sun Life Mutual Fund and SBI Magnum Mutual Fund. Mutual fund schemes of DSP Blackrock, ICICI Prudential, Kotak Mahindra and Reliance Capital also invested. The IPO will hit the capital markets on Tuesday and close on Thursday. The company has fixed the price band for the IPO between Rs 540 and Rs 550 per share. The firm had file...
Paytm Now Backs A Bus Ticketing Service & An Income Tax Filing Startup!
News

Paytm Now Backs A Bus Ticketing Service & An Income Tax Filing Startup!

Powered by One97 Communications Ltd., the online mobile wallet and E-commerce website Paytm has recently invested in AbhiBus, a bus ticketing service and ClearTax, an income tax filing website. According to the sources, the invested amount is not yet disclosed and no official announcement has been made. AbhiBus is an online platform, founded back in 2007 for booking of bus tickets, that has become India’s fastest growing platform with over 1,500 operators and 15,000 routes running through the major cities like Hyderabad, Pune, Delhi, Bangalore etc. Today, AbhiBus is also the preferred Information Technology Partner for State Transport Corporations and Private Bus Fleet Operators. AbhiBus is an ISO 9001:2008 certified company. (more…)
James Altucher- How To Diversify Your Life
BLOGS

James Altucher- How To Diversify Your Life

About - James Altucher is an American hedge fund manager, entrepreneur, bestselling author, podcaster, Blogger, author, social media and investor. He has founded or cofounded over 20 companies, including Reset Inc. and StockPickr and claims to have failed at 17 of them. He has published 11 books, and is a frequent contributor to publications including The Financial Times,TheStreet.com, TechCrunch, Seeking Alpha, Thought Catalog, and The Huffington Post. USA Today named his book "Choose Yourself" among the 12 Best Business Books of All Time. One time I wanted to sell my company to HBO. The CFO was looking at the numbers. They were willing to buy it for a tiny amount but it was an amount that would’ve taken me about one billion years to save because that’s just the way I ...