The Delhi – based breast cancer screening startup, Niramai Health Analytix, that it had raised an undisclosed amount of seed funding from a clutch of VC firms and angel investors. The VC firms which took part in the round of funding are Pi Ventures and Axilor Ventures. The angel investor who took…
Tag: Binny Bansal
Flipkart to invest in new businesses
Flipkart had recently raised $1.4 billion in its biggest fundraising round with investors including Tencent Holdings, Microsoft Corp and eBay Inc After latest fundraising round, the e-commerce firm will now be valued at $11.6 billion Homegrown e-commerce major Flipkart announced on April 12 that …
pi Ventures to get IFC equity for its maiden fund
Kolkata: Bengaluru-based pi Ventures, which seeks to raise $30-40 million in its maiden fund, is in talks with International Finance Corporation for an investment up to 20% of total commitment. “IFC proposes an equity investment of rupee equivalent of $3 million, not to exceed 20% of total …
After a slow 2016, e-tailers expected to grow faster in 2017
The e-retail market in India is expected to regain growth after witnessing a blip in 2016 to become USD 80 billion sector by 2020, said a report by Redseer Consulting. According to the report the companies are heavily banking on 2017 and a lot is riding on ability of the e-tailers to grow their c…
IITs fourth largest producer of unicorn start-ups in the world
Chennai: If you aspire to create a billion-dollar business in India, one of the IITs is your best bet. Sage, a UK-based accounting and payroll company, stated this in a research released on January 28. In a study that lists universities that have produced the most unicorn founders, the Indian Ins…
Online learning portal Unacademy raises Rs 30 cr in funding
Bengaluru: Unacademy, the online learning platform, has raised $4.5 million (approx. Rs 30 crores) in a Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. Girish Mathrubootham, CEO of Freshdesk and Ananth Narayanan, CEO of Myntra along with Stanford Angels have a…
TeamIndus inks pact with ISRO; aims to raise $45 mn by October’17
TeamIndus has inked a commercial launch contract with the Indian Space Research Organisation (ISRO) for its mission to land a spacecraft on the moon as it attempts to win the USD 25 million Google Lunar XPRIZE. TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires …
‘We learnt about app metrics from start-ups we invested in’, say Flipkart Founders
One start-up as the most external funding, the other has been bootstrapping for 20 years. Both Flipkart Founders Sachin Bansal and Binny Bansal, and Zoho’s Sridhar Vembu have started giving back, investing time and money in other startups. Flipkart’s billionaire Founders Sachin Bansal…
After consumer-centric startups, fund woes hit B2B ventures hard
Consumer-centric start-ups aren’t the only ones struggling to raise fresh funds these days. Business-to-Business (B2B) ventures too are finding it hard to convince investors to back them. Data from Tracxn Technologies show just $433.30 million was invested in B2Bs between January and August this …
$1 billion club in sight for Myntra
Myntra said it recorded gross sales worth $1 billion on an annualised basis in July riding on the success of an aggressive end-of-season sale. The company, which also acquired rival Jabong last month, now controls over two-thirds of the online fashion market with parent Flipkart, which is widely …