Thursday, December 19

Tag: mumbai

Mumbai Based Web Testing Platform BrowserStack Raises $50 Million Funding
31Jan By AdityaNo Comments
FUNDING

Mumbai Based Web Testing Platform BrowserStack Raises $50 Million Funding

Mumbai based mobile and web testing service platform BrowserStack raised $50 million venture funding from led by venture fund Accel Partners ( Accel US and India).  The six-year-old Mumbai-based company now valued more than $400 million. The company was operating on bootstrap model and running profitable from last six years and this is also be the largest series A round for an Indian tech startup. The platform is used by over two million developers in 135 countries. It has more than 25,000 paying customers, including Microsoft, Twitter, and Mastercard. The majority of its customers are based in North America. Founded in 2011 by IIT Bombay alumni Ritesh Arora and Nakul Aggarwal, BrowserStack helps developers test their applications across thousands of operating systems. Accel's Rya...
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Zoomcar Launches Bike-Sharing Service in Mumbai Metropolitan
25Dec By NitishNo Comments
News

Zoomcar Launches Bike-Sharing Service in Mumbai Metropolitan

Self-drive car company Zoomcar has launched its cycle sharing service, PEDL, in the Mumbai Metropolitan Region starting with the privately-developed smart city, Palava. This is the fifth city after Pune, Chennai, Kolkata, and Bengaluru where Zoomcar has launched this service. At present, PEDL cycles have been placed across 30 locations in Palava. Zoomcar said that PEDL has about 200 cycles at launch, and has been able to manage more than 2,000 trips per days on an average since its launch on December 9. "We are piloting the project in Palava here, and will soon spread it across various other locations in Mumbai," said Nirmal NR, VP operations and growth, for Zoomcar Mumbai. However, he did not specify the investments made into the launch of the service. Nirmal, however, said th...
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The ‘Rule’ Of Continental Food In India
27Oct By No Comments
BLOGS

The ‘Rule’ Of Continental Food In India

  The British ruled India for over 200 years. So goes the story. Some do argue that they took a 100 years to conquer and ruled another 100 before they were sent back. But, that is a debate for another day. During this tenure they did influence many aspects in India. Education, medical services, fashion and food are probably some of the very obvious ones. Their influence on food is a definite yes as continental food is a huge contribution by the British to Indian culinary. Some stories do indicate that continental food was introduced to the then royal families of India by the British as a token of friendship. It is said that continental food percolated to the commoners through the kitchens of Indian royals. There is no way to ratify any such observations. The popularity and accep...
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Money-Lending App CASHe Raises Rs 20 Cr Debt Funding
23Oct By PriyankaNo Comments
News

Money-Lending App CASHe Raises Rs 20 Cr Debt Funding

Aeries Financial Pvt Ltd owned CASHe has raised around Rs 20 Crore debt funding from IFMR Capital, as per the financial daily report. Mumbai based CASHe is one year old and plans to utilise fresh funds in accelerating its growth and build a loan book of subsidiary Bhanix Finance and Investment Ltd. The company had raised Rs 25 crore ($3.8 million) in series-A funding in April this year from former Blackstone PE head Mathew Cyriac and other investors. “The partnership aligns with our approach of taking exposure to high quality originators at an early stage to give them access to investors through structured product solutions,” said Kshama Fernandes, CEO, IFMR Capital. The startup disburses small amount, short-term loans to young and salaried professionals using an algorithm that det...
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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...
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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…)
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India’s First ‘Pod Hotel’ Launched in Mumbai, Cost 2000 INR Per Night
6May By AdityaNo Comments
INDIA

India’s First ‘Pod Hotel’ Launched in Mumbai, Cost 2000 INR Per Night

New-age travellers visiting Mumbai and its suburbs can now enjoy a stay in a unique place - Urbanpod. And no, it is not pricey! The 'Pod hotel' offers rooms at affordable rates. This is India's first Pod hotel and its facility has come up in suburban Andheri consisting of 140 units. The initial investment was done by three promoters, and for expansion, the company is open for investments from venture funds, a top official said. "With an investment of Rs 5-15 crore per hotel depending on the locality, we are looking at an average of Rs 10-20 crore investment over the next three years," Urbanpod Co-founder and Director Hiren Gandhi told Pixr8. With an average price of Rs 2,000 per night, the individual pods are built in between 50 square feet and 90 sq ft space with self-contained a...
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We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies
8Dec By AnkitaNo Comments
Entrepreneurs Talk

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

Elon Musk-backed Hyperloop Transportation Technologies (HTT) Co-Founder Bibop G Gresta today said the company is ready to build Hyperloop between Mumbai and Pune, but the decision is left with Union Transport Minister Nitin Gadkari to go ahead with the project. "Gadkari has a proposal to build the Hyperloop on his table and he has to take a decision. If he wants to go ahead with it, we are ready, and it will be a feasibility study to begin with to lay line between Bombay (Mumbai) and Pune," he told PIXR8 here on the sidelines of the Carnegie Global Technology Summit 2016 here. Hyperloop runs faster than an aircraft at a speed of 1,120 kmph. Asked about the regulatory challenges to build Hyperloop in India, Gresta said Gadkari, during the meeting, had expressed the Indian Government's w...
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Servify Raises Pre-Series A Investment From Blume Ventures and Beenext
26Nov By NitishNo Comments
FUNDING

Servify Raises Pre-Series A Investment From Blume Ventures and Beenext

Servify - a personal device management platform for gadgets, consumer electronics and home appliances today announced that it has raised Pre-Series A investment led by Blume Ventures and Beenext . The investment round also saw participation from existing investors, including Germany-based Barkawi Holdings GmbH, TM Service Technology Holdings Gmbh and Sreevathsa Prabhakar, Founder of Servify. Sreevathsa Prabhakar, Founder & CEO of Servify said, "Our vision is to build a platform where consumers can get seamless post-purchase experience for all their devices - be it mobile phones or electronics or any home appliances they own. To enable this, the Servify technology platform connects consumers with brands, resellers and the service ecosystem through deeper integrations. The fund raise ...
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Food Delivery Startup Box8 Raises Rs 50 Cr Funding From IIFL, Mayfield
24Oct By AnkitaNo Comments
FUNDING

Food Delivery Startup Box8 Raises Rs 50 Cr Funding From IIFL, Mayfield

Food delivery start-up Box8 today said it has raised Rs 50 crore in funding from IIFL Seed Ventures Fund & Mayfield. Box8 is a full stack online food delivery player that specializes in preparing and delivering Indian food. Its diverse menu consists of over 100 dishes in all-in-1 Indian meals, biryanis, wraps, sandwiches and salads. Started by two IIT graduates, Amit Raj and Anshul Gupta, Box8 now serves 12,000 meals a day to its consumers through a network of 60 stores across three cities -- Mumbai, Pune and Bengaluru. The funds helps strengthening the supply chain eco system, building superior technology, enhancing product development and expanding to new geographies, Amit Raj said. "Our strategy of establishing ourselves in certain key markets, instead of spreading wide and ...
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Enchantico- India’s First Book Subscription Box For Kids
24Oct By NitishNo Comments
Story

Enchantico- India’s First Book Subscription Box For Kids

Enchantico is an idea meant to bring delight to every child’s life. This enterprise wants to explore the world of imagination for the children and help them to do so through books and a world of activities and collectibles connected to the books. This brilliant idea came to three people, who already have a deep connection with the world of books- Ravi Subramanian, Enchantico’s Co- Founder and Chief Advisor, Sangram Surve, the Co-Founder and Chief Contagion Agent and Shalini Bajaj, the Co - Founder and Chief Delight Officer. While Ravi is one of India’s best selling Fiction authors, Shalini and Sangram have been the marketing brains behind most of the best selling popular fiction authors in the country.   From writing the best-selling books to marketing them and also organ...
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