Many banks have established a separate internal segment to cater to the needs of start-up entities, as they see value in building a relationship with some of these expected to become large companies in years to come. “For the first time in our country, entrepreneurship is being promoted in …
Online forex aggregator Fxkart to raise $5-million series A
Fxkart.com, an online aggregator of authorised foreign exchange dealers, is set to raise $5 million in Series A funding in three months, the company’s CEO Abdul Hadi Shaikh said. “We are in active talks to raise money, which will be used for improving the product, increase dealer participation, a…
KredX raises $750,000 from Prime Venture Partners
Invoice-discounting platform, KredX has raised $750,000 from Prime Venture Partners. Founded in 2015 by Manish Kumar, Anurag Jain, and Puneet Agarwal, KredX helps Micro Small and Medium Enterprises (MSMEs) looking for working capital, connect with individual financiers. It enables growth of MSMEs…
India to support mutual cooperation among IORA members
India has called for advancing mutual cooperation among members of the Indian Ocean Rim Association (IORA) for joint marketing, transfer of technology and forming joint ventures to enable small and medium enterprises to cater to the markets in grouping. “India’s vision for the Indian …
Lithuanian start-up may ease India’s traffic
Lithuanian start-up TRAFI, which offers a public transport app to help people plan their journey, is entering the Indian market. The firm said it aims to ease India’s traffic woes by using real time data, scientific algorithms and machine learning, which gives computers the ability to learn witho…
ixigo launches app discovery platform for train travellers
ixigo, India’s leading travel search marketplace, has announced the launch of an innovative app discovery platform that lets brands reach out to train travellers contextually and helps them discover apps and deals relevant to them. Over 20 brands including Amazon, Flipkart, Paytm, Freecharge, Pep…
Sequoia leads $7.5 million funding in video platform 90 Seconds
Cloud video production platform 90 Seconds announced it has raised $7.5 million in Series A financing led by Sequoia India. The round was supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for $860 million) and the founder of the platform Oleg Tscheltzoff, will accel…
MagicX raises $1 million, to invest on team expansion
MagicX, an on-demand, chat-enabled, AI-powered app to manage day-to-day tasks, has raised $1 million from marque investors including Kris Gopalakrishnan (Co-Founder, Infosys), Dr Ranjan Pai (MD, Manipal Education and Medical Group), Ramaraj (Co-Founder, Sify), Hari Kumar (Lionrock, Singapore) and…
Cloud telephony company Exotel’s API opens for startups
Exotel, a cloud telephony company, will make its tools and rules for building software applications termed as API available in Singapore, Malaysia and Indonesia. The company is primarily targeting the tech-enabled service industry. An initial investment of $10 million (approx Rs 66.5 crore) is pl…
VentureNursery’s demands in way of Oyo’s Zo acquisition
Budget hotel aggregator OYO Rooms has hit a hurdle in completing its acquisition of rival Zo Rooms with fresh demands from one of its early investors stalling the process, according to four people aware of the negotiations. VentureNursery, a Mumbai-based accelerator which was the first investor i…