If there were any fears that the rising protectionism targeted against India’s neighbours would inhibit the flow of Chinese investments into domestic startups, they are belied by the growing belief in the change of guard on the investment front. Investors from the Middle Kingdom are being a…
Tag: Snapdeal
Home utility brand Bonita raises funding from El Capital, others
Home utility products startup Bonita India has closed its first round of funding from El Capital, an offshore boutique debt structuring firm, and a clutch of individual investors. “The money raised in this round will be spent on brand-building exercises, investment in new product development and …
Venture debt comes of age in India, at long last
In 2008, InnoVen Capital provided the first-ever venture debt of about ₹5 crore to Sequoia-backed Prizm Payments (now Hitachi Payment Services), and ever since, its popularity has been on the rise. Venture debt is slowly coming of age in India, with the country dispersing more than $40 million (₹…
Back to square one: Funds drying up for start-ups
After two years of hyper growth fuelled by a funding boom, India’s startup sector is busy getting back to the basics. And as these enterprises get ready for the new year, the glass looks more half full than half empty compared with the year gone by. Data from startup researcher Tracxn show …
Healthcare e-Commerce portal Netmeds acquires Pluss
Healthcare e-Commerce portal Netmeds on November 24 said it has acquired Pluss, a mobile app for medicine deliveries in Delhi and Hyderabad, in an all-stock deal. Financial details of the deal were not disclosed. Pluss users can upload a photo of their prescription and have medicines delivered ho…
Food delivery start-up Swiggy posts 65 fold increase in losses
Bengaluru: Food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) posted a near 65-fold increase in losses for the fiscal year ended March 2016, indicating heavy cash burn and poor unit economics in food start-ups. Swiggy’s revenue rose to Rs 23.59 crore for the year ended 31 March from Rs 1…
Snapdeal to invest $100 mn to boost fashion business
India’s third largest e-tailer Snapdeal will invest $100 million over the next one year to uplift its online fashion portfolio in the wake of surging competition from its peers. The Indi an e-commerce major will not only be focusing on selling branded products but will also build its own ca…
SoftBank & its uneasy ties with India’s start-ups
Those listening in on SoftBank Group Corp.’s second-quarter earnings briefing would have picked up an interesting anecdote in the question and answer session with founder and CEO Masayoshi Son. Back when Uber was still quite small, Son passed up a chance to invest in the San Francisco-based cab-h…
Paytm, Freecharge launch ‘Wallet on Delivery’ to counter COD
In a move that may end the era of cash on delivery (CoD) forever, mobile wallets Paytm and Freecharge today launched ‘Wallet on Delivery’ (WoD), which will allow users to pay on delivery by using their e-wallet. Paytm in an official tweet said: “Goodbye, COD. We’re working with our co…
Currency Ban Impact | Start-ups encouraging online transactions, gaining new customers
Even if temporary, markets wore a deserted look today across India as high value cash in hand became just a paper overnight for Indian citizens. Modi’s surgical strike on black money has had an impact on traders and parallel economy who used to deal only in cash, especially in India’s…