Telecom solutions provider U2opia Mobile will invest $3 million (around Rs 20 crore) over the next three years to fund startups working on scalable mobile technology. Under its Catapult programme, in the first year, U2opia will invest in five-six companies that have about 2-4 members. The program…
Tag: Omidyar Network
7 Indian startups valued over $1 billion
Flipkart Flipkart as a startup 9 years ago was a company with ambitions in the e-Commerce domain. The company started as an online platform for selling books in 2007 by Sachin Bansal is now valued at $ 15 billion offering a huge range of products categories. Snapdeal Snapdeal the e-commerce compa…
Infosys Co-Founder Nandan Nilekani invests in RailYatri
Infosys Co-Founder Nandan Nilekani has invested an undisclosed amount in train travel app, RailYatri.in. In addition to the Former UIDAI Chairman, RailYatri’s existing investors Helion Ventures, Omidyar Networks and Blume Ventures have participated in this round, RailYatri said in a stateme…
US fund Maverick in online pharmacy startup
US-based investment fund Maverick Capital Ventures is leading a Rs 100-crore financing round in 1mg, formerly HealthKartPlus, as investors continue to be bullish on the huge potential of online pharmacy startups. The Sequoia Capital-backed 1mg had spun off last year from its parent HealthKart and…