Technology-based taxi cab aggregator Uber is tying up with Bengaluru-based bike rental startup Wicked Ride to offer the rental of premium motorcycles – Harleys, Ducatis, Kawasakis and others – on a limited basis in upto 12 locations, including Bengaluru and Mysuru. Following the earli…
Companies, Finance & Markets
Home Craft Online raises undisclosed amount from investors
Home Craft Online, which owns home decor e-marketplace BedBathMore, has raised an undisclosed amount from investors including Swedish bank AB Kinnevik Group, Germany’s Rocket Internet and some backers of FabFurnish, the online furniture brand recently acquired by Future Group. Earlier this …
IndoStar Capital Finance to focus on SME lending, eyes Rs 1,200-crore loan book
With a CAGR of 49 per cent in assets growth, NBFC IndoStar Capital Finance is looking to ramp up SME lending this year and grow its loan book five-times to Rs 1,200 crore. “We plan to ramp up our SME business this year and build an AUM of Rs 1,200 crore by geographical expansion. We [&helli…
Snapdeal invested $300mn in supply chain, logistics in 18 mnths
E-commerce major Snapdeal has pumped in $300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics and facilitate the increase in shipment volumes. The city-based firm has seen 1.9 times increase in shipment volumes from 1.29 lakh daily shipments last…
Ekart plans on powering last-mile delivery in radius of 500 to 800 metres
Ekart, the logistics arm of online marketplace Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery programme. Through the programme, the company plans on powering last-mile delivery using personnel at the corner stores in a radius of 500 to 8…
T-Hub incubated health start-up raises $150,000
Life Circle Health Services, a Hyderabad-based home nursing and professional care services provider, has raised $150,000 from European healthcare services provider Groupe SOS. “The funds will help us further penetrate in the Hyderabad market and expand our services to New Delhi,” said Life Circle…
HDFC ERGO launches “community”, an interactive forum to uncomplicate queries related to health, motor, travel & home insurance
HDFC ERGO General Insurance Company, one of India’s leading private sector general insurance companies, has announced the launch of a one of its kind “community” platform for public. This community portal https://community.hdfcergo.com/–aims to provide a peer-to-peer channel where users can get a…
AskmeBazaar announces the launch of Automobile Category
Noida, India, May 11, 2016 –AskmeBazaar.com, India’s fastest growing online marketplace, today announced the launch of the automobile category on its portal.The company has ventured into two-wheelers (scooters and motorbikes) and will be offering 2-wheelers from 4 renowned brands namely Honda, Pi…
Fractal Analytics raises $100 million from Malaysian sovereign wealth fund
Data analytics company Fractal Analytics, founded in 2000, has raised $100 million (Rs 667 crore) from Malaysian sovereign wealth fund Khazanah in one of the largest investments in the technology ecosystem in 2016. The investment will value the US and India-based company at close to $300 million …
Chetan Maini joins board of Lithium Urban Technologies
India’s electric car pioneer Chetan Maini has joined the board of Lithium Urban Technologies and will play a pivotal role in enhancing the technology offering of the electric car fleet startup. Ashwin Mahesh, cofounder of Lithium and an urban expert feels that Chetan’s technology expe…