Mumbai: Are fears of a slump in startup investments overplayed? That seems to be the case as funding commitment – from investors to venture capital funds has octupled to Rs 9,469 crore between October 2015 and September 2016 vis-a-vis Rs 984.81 crore in the corresponding months of the previ…
Tag: Snapdeal
Diwali Sales: Stellar show by Amazon makes 236 sellers crorepati
Amazon India nearly tripled its sales volume during the recently concluded Great Indian Festival Sale compared with 2015. The online sale was conducted in three phases last month. Over 200 sellers sold goods worth over Rs 1 crore this Diwali on the platform. The company witnessed major momentum f…
Flipkart’s Sachin Bansal looks to set up lobby group for Indian start-ups
Flipkart Co-Founder and Executive Chairman Sachin Bansal is talking to several Indian entrepreneurs and influential investors to create a lobby group that will represent the interests of Indian consumer Internet start-ups, three people familiar with the matter said. Bansal has approached Ola’s Bh…
Amazon & Flipkart planning offline stores in smaller towns
E-commerce companies in India are exploring the idea of setting up offline stores in smaller towns as they look to grow their customer base and improve logistics in the unmapped areas. Rather than investing in their own stores, e-commerce marketplaces are partnering with local merchants who can a…
Venture Capitals: The backbone of SMEs & Start-ups
If you are thinking to start a business or you are a successful businessman and want to take your business to a next level, your first priority should be tapping the venture capital funding. India has seen a great success in the startup ecosystem and ‘investors’ play a very crucial role in bringi…
Unlocking the real value of India’s start-up ecosystem
The story of Indian start-ups is not just limited to the current century; in fact it began over four decades ago. Through the 1980s, a handful of pioneering IT services companies, including the likes of Tata Consultancy Services, Infosys and Wipro, put India firmly on the global economic map. The…
SoftBank in talks to put money into FreeCharge
Japan’s SoftBank Corp, the largest shareholder in Snapdeal, is in talks to invest in FreeCharge, the digital payments unit of the online marketplace, according to two people aware of the development. The round is expected to see FreeCharge, which competes with Alibaba backed Paytm, take in $150-$…
Ratan Tata invests in wearables maker GOQii
New Delhi: Adding one more to his start-up funding list, leading industrialist and serial investor Ratan Tata has invested in virtual fitness coaching platform GOQii. The size of the funding was, however, not disclosed. The company, which is a leading player in the Indian wearables market, is bac…
Beardo raises $500k from Venture Catalysts in seed funding
Actor turned entrepreneur Suniel Shetty backed men’s grooming brand Beardo raises seed funding of $500k from Venture Catalysts. The investment round was led by Raj Vazirani – RHV enterprise, Siddharth Somaiya of Godavari Biorefineries & Somaiya Group, Rohit Parakh – Diector, Touchston…
E-Commerce sales to touch $1.5-1.7 bn in Oct: RedSeer Report
eFestive sales are expected to help e-Commerce companies register transactions worth USD 1.5-1.7 billion in October, according to research firm RedSeer Consulting. “With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments. It is going…