After vying with each other to invest in start-ups at high valuations in the past few years, investors spent much of 2016 in cleaning up their portfolios, asking start-ups to reduce their cash burn, improve unit economics, and extend their runways (life). Several start-ups, which had no future, s…
Tag: Madhukar Sinha
Fashion brand FabAlley raises Series-A funding
Mumbai: High street fashion brand FabAlley has raised Rs 13 crore ($2 million) in a Series-A round led by Mumbai-based India Quotient. The round also saw participation from existing investors including IAN, social entrepreneur Ranjan Sharma and a clutch of angel investors. The online-to-offline b…
Indian railways mull incubators to promote start-ups
Indian Railways, owner of India’s largest online e-ticketing marketplace Indian Railway Catering and Tourism Corporation (IRCTC), plans to dive into the start-up ecosystem. With an initial fund allocation of Rs 50 crore, it plans to start incubators where its employees would get assistance to ope…