Online lending platform ZipLoan, which is operated by Delhi-based Blue Jay Finlease Ltd, has raised $650,000 (around Rs 4.2 crore) in its pre-Series A funding round led by WaterBridge Ventures, a top company executive told. “In this round, we have raised $500,000 in equity and $150,000 in debt ca…
Tag: FreeCharge
Startup: चलते ही जूझना पड़ा परेशानियों से, स्नेपडील समेत कई बिकने को तैयार
बीते करीब पांच सालों से स्टार्टअप की एक नई पौध भारतीय अर्थव्यवस्था में शामिल हुई है। शुरूआत में कईयों ने अच्छी छलागें लगाई लेकिन जैसे ही उनके क्षेत्र में बहुराष्ट्रीय कम्पनियां आईं वे टांय-टांय फुस्स हो गई। प्लॉन बी नहीं होने का खामियाजाना इन कम्पनियों को उठाना पड़ा। आज ज्यादातर स्टार्टअप या तो ब…
Demonetization: A vice or a virtue for start-ups in India
With the stunning move on the 8th of November by the honorable prime minister of India, everyone, be they in media, social media, domain experts, politicians, business houses and of course the common man became part of the conversation, and a stakeholder in the debate on demonetization. One perti…
How SMEs are benefiting from the internet?
In recent past we have seen a surge in internet penetration in India. The reasons are multiple like the ambitious Digital India program, the reducing cost of internet, increase in reach of smartphones and finally Reliance JIO and others providing internet at lower prices to end users. This surely…
MobiKwik looks to raise Rs 1k cr for expansion
New Delhi: MobiKwik, one of India’s leading mobile-wallet companies, is in advanced talks with about half a dozen lenders and mutual funds to raise as much as Rs 1,000 crore to finance its expansion plans that include the likely acquisition of a rival, three people familiar with the development. …
The start-up hub that was once in contention to be India’s Silicon Valley is battling persistent storms
There is an alley going towards the washroom at Starbucks in Powai. Both male and female entrepreneurs have pitched their ideas to me while waiting their turn to use the loo. That is the kind of exuberance that existed back then,” said investor Sanjay Mehta, recalling the heady days of Mumbai’s s…
Coworking start-up Innov8 raises an undisclosed amount from angel investors
Mumbai: Coworking space provider Innov8 has raised an undisclosed amount in an angel round enabled by LetsVenture and Venture Catalysts. The round saw investments by prominent angel investors such as Vijay Shekhar Sharma of Paytm, Rajan Anandan of Google, Kunal Shah of FreeCharge, Girish Mathrubo…
Budget 2017: A thumbs up for ‘Digital India’ – FM unveils series of reforms
In a big push to digital economy, Finance Minister Arun Jaitley in his Budget announced a plan to boost digital transactions by removing service tax on railway tickets booked via IRCTC portal, establishing a travel portal for Indian defence forces and launching Aadhaar Pay, a merchant app for Aad…
FreeCharge gets Rs 390 cr top-up from Snapdeal’s parent company
Jasper Infotech has pumped in close to Rs 390 crore into FreeCharge, at a time when the Gurgaon-based unicorn is in the process of closing a substantial equity financing round for its digital payments platform. The latest capital infusion received by FreeCharge Payment Technologies was declared b…
Year in Review: Kunal Shah of FreeCharge biggest angel investor in 2016
Top 10 corporate leader-turned-angel investors, including Anupam Mittal, Ratan Tata and Mohandas Pai, tightened the strings of their investment purses this year, putting their money in only 60 deals. Last year, the top 10 investors in the country had put their money in 209 deals, according to the…