Cloud-based customer engagement software provider Freshdesk said it has raised USD 55 million (about Rs 367 crore), led by Sequoia Capital India. The series F funding round also saw participation from existing investor, Accel. “The latest round of funding will be used to accelerate the gro…
BroEx acquires realty tech start-up REXPROP
BroEx, a mobile-based property brokers network, has acquired real estate technology startup REXPROP for an undisclosed amount to expand business and provide better products to its clients. Gurgaon-based REXPROP or ‘Real Estate Property Exchange’ is a startup which offers solutions suc…
Textiles Min for hike in insurance cover for handloom weavers
Textiles Ministry has proposed increasing the insurance cover for handloom weavers, a sector that employs millions and has been one of the focus areas of the government for job creation. The Ministry has proposed more than three-fold increase in insurance cover to Rs 2 lakh from Rs 60k in case of…
Stepping out: Angels rush to small towns now to find those heavenly start-up deals
When Ankit Agarwal founded his start-up, HelpUsGreen, in Kanpur in 2015 to recycle temple waste that otherwise would be dumped in the Ganges, many in his home town mocked him. Not anymore. Lately, the young entrepreneur has been busy meeting several local wealthy individuals keen on investing in …
Diwali Sales: Stellar show by Amazon makes 236 sellers crorepati
Amazon India nearly tripled its sales volume during the recently concluded Great Indian Festival Sale compared with 2015. The online sale was conducted in three phases last month. Over 200 sellers sold goods worth over Rs 1 crore this Diwali on the platform. The company witnessed major momentum f…
Tech start-up MobMe launches customer feedback analytics tool
Tech start-up MobME has launched Geckolyst, a product that analyses customer feedback to provide comprehensible information to enterprises. Geckolyst allows an organisation to integrate customer feedback from any source, including call-centre data, survey responses, social media, customer emails,…
Why big companies should fear start-ups?
I’m in Gurgaon early noon. The dusty road is completely clogged with cars. The other side a road is being constructed and the ground is freshly dug. Braving the traffic, dust and pollution, I manage to reach a non-descript building which has no billboards. A few small trucks are bringing sacks of…
Wassup looks at acquiring stressed start-ups in on-demand laundry segment
On-demand laundry and dry cleaning start-up Wassup is in the process of beefing up its operations by acquiring stressed on-demand laundry start-ups in various major cities in the country. At a time when many of the online laundry start-ups are shutting shop, the company has already acquired three…
Smart start-up VCs ally with global peers for faster exits
That a grim market scenario has venture capital firms locking up their purses in 2016 is a fact unmatched. But venture capital firms have turned their eye towards a global solution to return capital to their investors and deliver the best possible return they can, in times of distress. As many VC…
Andhra, Telangana top in ease of doing biz ranking
Andhra Pradesh and Telangana have jointly topped the ease of doing business ranking while Gujarat has slipped to the third position in the list prepared by the World Bank and DIPP. Chhattisgarh, Madhya Pradesh and Haryana occupied the fourth, fifth and sixth slots, respectively in the index based…