Moving from London to Delhi to launch their start-up Cash-Karo.com — with virtually no contacts or network to speak of — wasn’t easy for Rohan and Swati Bhargava. From there, they’ve come a long way to receiving Series A funding from VC fund Kalaari Capital by 2015 end and having Ratan Tata come …
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Ratan Tata-backed UrbanClap to launch in Middle East & SE Asia
Bessemer Venture and SAIF Partners funded start-up Urbanclap plans to launch its services in international markets such as Middle East and South East Asia in 2017, CEO Varun Khaitan. “We are following a model of very less feet on street. This gives the agility of launching in any city faster. Thu…
Ola likely in talks to raise $600 mn to spruce up operations
Cab aggregator Ola is believed to be in talks with new and existing investors including SoftBank Group to raise another round of funding of around USD 600 million by the year end, a report says . The funds sought to counter competitive pressures from rival Uber Technologies is expected to give t…
Freshdesk raises $ 55 mn from Sequoia Capital, Accel
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…