India’s start-up ecosystem may have seen a fall in funding this year, but there’s been almost no let-up in the number of deals, highlighting that investor appetite is still strong. Start-ups have attracted roughly $4 billion in funds so far this year, down from a heady $7.55 billion in 2015, whic…
Tag: Snapdeal
Online marketplace for SME commerce OfBusiness raises another Rs 75 cr
OfBusiness, an online marketplace for Small-and-Medium (SME) commerce, has raised Rs 75 crore in its series B round of funding led by Zodius Capital, a growth-stage tech fund which has backed companies like Big Basket, Pepperfry and Zivame. This is the second fund-raise for the year-old startup a…
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…
Demonetisation Effect | Big gain for mobile wallets, e-Commerce suffers
Bengaluru/New Delhi: The withdrawal of high-value notes from circulation has had a mixed impact on the country’s online businesses. Sales at e-commerce companies, which are heavily dependent on cash payments, have suffered badly while digital payment start-ups have seen a sharp rise in daily tran…
Venture capital shift from growth to early-stage funding
There are early signs of an uptick in start-up funding but at the same time, venture capital (VC) funding is changing. It is moving from growth stage to early-stage; from consumer to enterprise (b2b), to those offering SAAS (software as a service) or artificial intelligence (AI). Several start-up…
E-retail, allied sectors to create 1.45 mn jobs by 2021: Report
India’s e-retail and allied sectors including logistics, warehousing and IT/ITeS are expected to create about 1.45 million direct jobs by 2021, a joint report by Snapdeal and KPMG said. Logistics and warehousing sector is expected to be the largest contributor creating direct employment opportuni…
Demonetisation Effect | Indian e-Commerce growth projection cut to 55.5% for 2016
Four months after forecasting a 75% increase in Indian e-commerce in calendar year 2016, eMarketer, a US-based market research firm, on December 6 cut its projection to 55.5%, or around $16 billion, citing the impact of demonetisation on order volumes. While orders will recover in the long run fr…
Amazon rolls out Launchpad for start-ups in India
New Delhi: Amazon Inc. on December 5th announced the launch of its global programme for start-up products, Launchpad, in India. “Launchpad is a destination for start-ups to showcase unique products to millions of consumers world over,” Jason Feldman, Director of global innovations, Amazon, said a…
Telemedicine start-ups give gateway to rural women for providing medical help
When Pooja Rathore, 23, was brought to Karma Health care’s clinic in Jaisamand in Rajasthan, she was in a critical condition. The doctors ordered a blood test, found that her haemoglobin level was as low as 2.1 and ordered an immediate transfusion to save her life. All within minutes and fr…
Softbank’s Masayoshi Son says will surpass $10 bn investment commitment for India
New Delhi: Having made multi-million dollar bets on Indian startups like Snapdeal and Ola, SoftBank today exuded confidence in “surpassing” its stated USD 10 billion investment commitment in India as it looks for newer opportunities in the country. SoftBank Chairman and CEO Masayoshi …