Busy Infotech has launched their new version ‘BUSY 16’ specially focusing on the MSMEs with plethora of new features that includes Customer Management features like enquiries management, customer support management and other power features like scheme management (FMCG / retail), indent management…
Companies, Finance & Markets
Ola acquires Chennai-based Qarth technologies
Ride-hailing app Ola said it has acquired Chennai-based Qarth Technologies, which has developed a mobile payments app X-Pay, in a move aimed at strengthening its payments business — Ola Money. Ola did not disclose the size of the deal. The IIT-Madras-incubated startup, founded in 2012, offers a p…
Abraaj, others put $150 million in the Bigbasket
Online grocer BigBasket has raised $150 million (about Rs 1,000 crore) in funding led by Dubai’s Abraaj Group, as it seeks to establish its turf through expansions and by strengthening its express delivery service to overcome competition from younger rivals. An investor said that the compan…
Wings travels acquires Bookmycab to go places
BPO transport service provider Wings Travels has closed the acquisition of taxi aggregator Bookmycab for an undisclosed amount. The acquisition is part of Wings Travels’ plan to strengthen its technology and expand business to 47 more cities in India, Myanmar, Thailand, Vietnam and Sri Lank…
Urban ladder looks to clock GMV of $250 mn by June 2017
Urban Ladder, which posted losses of Rs 58.51 crore in FY15 on revenues of Rs 19.21 crore, is looking to transact a GMV (Gross Merchandise Value) of $250 million by June 2017, Rajiv Srivatsa, COO and co-founder of Urban Ladder, said. Declining to reveal any numbers to back his claim, the company …
SMEs’ April-January IPO fund receipts cross full-FY15 figure
To tap the upbeat investor sentiments, as many as 34 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 287 crore in the first ten months of current fiscal. This was higher than 39 SMEs raising a total of Rs 278 crore in the entire past fiscal…
Paylo.in acquires in-restaurant payment app Ruplee
Foodpanda former Managing Director Rohit Chadda-led multi-channel offline payment platform Paylo.in today acquired in-restaurant payment app Ruplee for an undisclosed sum. The transaction will see a merger of both teams and products, helping Ruplee evolve into an omni-channel payment platform fro…
Bigbasket now to deliver goods on electric vehicles
Online grocery retailer BigBasket has signed on a range of electric vehicles to increase efficiencies and cut down on operating costs as part of its environment-friendly initiatives. The company, which is likely to close a fresh round of funding with participation from International Finance Corpo…
Byju’s to add more products to learning app, expand internationally
Education-technology company Byju’s has raised $75 million (about Rs 499 crore) from Sequoia India and Belgian investor Sofina to add more products to its learning app and spur international expansion. “We are predominantly focussing now on maths and science. We will be adding more su…
FM Logistic acquires majority stake in Spear Logistics from Ambit Pragma
Ambit Pragma sold its majority stake in Pune-based Spear Logistics Private Limited, to FM Logistic, leading international logistics provider. Ambit Pragma, a Small Cap (SME) Growth and Buyout fund with approximately US$ 150 million under management, had invested in Spear in 2009. FM Logistic is i…