Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers. Snapchat did not disclose its valuation in the latest round of funding in its filing on Thursday. However, t…
Freecharge CEO eyes 7 million daily transactions
Touching seven million daily transactions is on top of the agenda for Freecharge’s new Chief Executive Govind Rajan , as he takes over from Kunal Shah , the founder of the digital payments platform , who stepped aside from the role earlier this week. Rajan, who prior to his elevation, held …
Arpwood, Indostar vie for $400m Karvy NBFC
At least two bidders — Arpwood Capital, and Indostar Capital Finance (which is jointly owned by Everstone Capital and Goldman Sachs) — are in the fray to acquire the non-banking finance company (NBFC) Karvy Finance, people directly familiar with the matter said. Karvy Finance is a lender to micro…
Tata Teleservices eyes biz from SMEs in region
Tata Teleservices is eyeing business from small and medium enterprises (SMEs) in Nagpur and nearby areas. After laying a network of 1200 kms cable in Nagpur region, the company has launched enterprise-based solutions in city. The product is specially targeted at the SMEs. The company aims to add …
MSMEs reported strong hiring sentiments in the coming six months | MSME Hiring Sentiment Survey
The employers of micro, small and medium enterprises (MSMEs) across Telangana have reported strong hiring sentiments in the coming six months, according to MSME Hiring Sentiment Survey, conducted in April 2016 by TMI Group, a Hyderabad-based human resources services company. Explaining the purpos…
Agriculture Minister exhorts corporate sector to add value to maize produce
Radha Mohan Singh, Union Minister for Agriculture & Farmers’ Welfare, exhorted the corporate sector to step in and add value to the maize produce to enhance farm incomes and reap sustainable dividends for itself. Inaugurating the India Maize Summit, 2016, organized by the Federation of …
AddressHealth raises Rs. 10 crore in series A
AddressHealth, a primary healthcare network for children, has raised about Rs. 10 crore ($1.5 million) in Series A funding led by Gray Matters Capital. Existing investor Unitus Seed Fund also participated in the round. The company runs school-based neighbourhood clinics and school health programm…
Thiel’s FF Angel & Sequoia Capital put $2 million in Cleartax
Financial technology startup Defmacro Software, which owns and operates online tax returns filing platform ClearTax, has raised $2 million (Rs 13.3 crore) from FF Angel, the angel investing arm of Peter Thiel-led Founders Fund, and Sequoia Capital. The five year-old company will use the proceeds …
Consure gets funds from Accel Partners, others
Consure Medical, a healthcare startup, has received an undisclosed series-B funding, led by venture capital firm Accel Partners with participation from earlier investors — Indian Angel Network, India Innovation Fund and India Venture Partners. The company will use the funds for penetrating new ma…
Edcast looks to learn a lesson with sales university buy
Online learning startup EdCast acquired online sales training company Sales University, previously known as WAGmob, for an undisclosed amount. This is the first acquisition the education platform has made after closing a $16 million Series-B round led by GE Asset Management in April. Sales Univer…