Over the last five years, consumer internet companies have grabbed most of the dollars but it’s the workhorse business-to business start-ups that are racking up revenues
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Tag: CarTrade
CarTrade raises $55 mn afresh to drive growth
CarTrade, India’s leading online automobile classifieds platform, on February 8 said that it has raised $55 million in a fresh round of funding led by Temasek, an investment company based in Singapore, alongside a large US family office. This injection of capital will be used to support CarTrade’…
e-Commerce cos fail to log profits, investors choke off fund flow
With most e-retailers unable to scale up quickly enough to turn profitable, investors are holding back on investments, reports Anushree Bhattacharya in New Delhi. Data released by Tracxn Technologies shows fund flows have slowed sharply with just $3.7 billion coming in between January and Novembe…
Paytm leads $10-million funding
Online mobile wallet major Paytm has led the Series-B round of funding for on-demand auto-rickshaw aggregator, Jugnoo, for $10 million (Rs 66.65 crore). Last October, Chandigarh-based Jugnoo had received funding of $10 million from the Vijay Shekhar Sharma-led company. This is the Series-B2 round…
Start-ups milk the IPL cash cow again
Whether you like the Indian Premier League or don’t, there is no escaping the din and crackle surrounding the event this year. And that is exactly what start-ups, paying anywhere between Rs 5 and 5.75 lakh for a 10-second spot on television during the matches, are betting on. The rates, alm…
CarTrade to venture into used-car financing
Auto classifieds site CarTrade wants to make it easier for buyers of used cars to get loans. It’s currently piloting a project to promote institutional financing of such vehicles. “There are 3.5 million used cars sold every year in India, out of which not more than 10% are financed by…