Bengaluru: Ratan Tata and Bollywood actor Hrithik Roshan are in talks to invest in CureFit, a healthcare startup founded by former Flipkart executives. The year-old entity started by Mukesh Bansal and Ankit Nagori has so far raised about $20 million and counts venture capital firms Kalaari Capita…
Tag: Myntra
India’s start-up story: What works and what doesn’t?
Participating in a debate on ‘India’s Startup Story: Where Do We Go From Here?’, Mahesh Murthy, Co-Founder of Seedfund, said startups, which get launched when the markets are doing well, can sometimes lead to a false sense of security. Rajiv Lochan, the MD & CEO of The Hindu Group, who modera…
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…
Myntra to provide 10 small brands with technical, financial support
Myntra, the country’s largest fashion ecommerce company, is reviving an incubation programme aimed at providing 10 small brands with technical, design and financial support, targeting about $500 million worth of business from them in the next five years. The online retailer had nurtured about a d…
How India’s top start-ups are expected to perform in 2017
2016 was a year of rationalisation for Indian startup sector as most big investors spent cautiously unlike in 2014 and 2015 when it saw a new high in terms of irrational investments. In 2016, companies in sectors such as food-tech and hyperlocal logistics who were sustaining operations on externa…
Accel Partners raises $450 mn India fund
Bengaluru: Venture capital (VC) firm Accel Partners, which over the years has backed high-profile technology start-ups, including Facebook Inc. and Flipkart, has raised $450 million for its fifth India fund, indicating that investors are still enthusiastic about Indian start-ups. The latest fund …
‘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…
Cash on delivery: 2 million shipments stuck with e-tailers
E-commerce players who stopped accepting orders made through cash on delivery (CoD) on Wednesday collectively have 1.6-2 million shipments stuck in the pipeline which were ordered through this payment route, as per industry sources. The government’s move to ban Rs 500 and 1,000 currency not…
Gandhi Jayanti Special: Modi’s mantra sprout new Khadi ventures
With Prime Minister Narendra Modi’s emphasis on promoting homegrown Khadi, a number of new ventures and startups are coming up with exclusive ideas and promoting Khadi in a unique way. These ventures and entrepreneurs have joined the hands to breathe new life into Khadi. Khadi Nation: This Bangal…
India’s growth is in its small businesses: Nandan Nilekani
One of the founders of iconic IT company Infosys and the brain behind Aadhaar, Nandan Nilekani wears several hats these days — that of a philanthropist, angel for start-ups and an evangelist for re-imagining India. In an interview, Nilekani shared his views on a variety of issues concerning the c…