Premium products and services discovery and purchase platform Smytten has raised an undisclosed amount in an angel round from Rajan Anandan, Vice-President of Google for Southeast Asia and India. The lifestyle focused mobile application ties up with brands to work on their marketing campaigns and…
Tag: start-up
ShopMate, the group buying portal offering group deals on 2-wheelers
ShopMate, a unique group buying portal bringing you the best offers from your nearby stores, will now be offering group deals on 2-wheelers. It has been offering similar services on Mobile phones & Tablets. Shopmate groups’ together individual demands for a product and enables local sellers t…
Tech startups, e-commerce companies cut down on joining bonuses
With the funding frenzy cooling down and concerns of a valuation bubble rising, India’s tech startups and e-commerce companies are cutting back on plum joining bonuses. “Joining bonuses, used to lure quality talent fast, are being offered to about 10% of the staff now from 30%-40% a y…
93% Indians want to be entrepreneurs | Study
According to the Amway Global Entrepreneurship Report (AGER) 2015, India ranks highest among 44 countries worldwide in entrepreneurial spirit: 9 out of 10 Indians show strong desire to be an entrepreneur. “93.6% of Indians show desire to become an entrepreneur. This is way above the average score…
KredX raises $750,000 from Prime Venture Partners
Invoice-discounting platform, KredX has raised $750,000 from Prime Venture Partners. Founded in 2015 by Manish Kumar, Anurag Jain, and Puneet Agarwal, KredX helps Micro Small and Medium Enterprises (MSMEs) looking for working capital, connect with individual financiers. It enables growth of MSMEs…
Lithuanian start-up may ease India’s traffic
Lithuanian start-up TRAFI, which offers a public transport app to help people plan their journey, is entering the Indian market. The firm said it aims to ease India’s traffic woes by using real time data, scientific algorithms and machine learning, which gives computers the ability to learn witho…
Sequoia leads $7.5 million funding in video platform 90 Seconds
Cloud video production platform 90 Seconds announced it has raised $7.5 million in Series A financing led by Sequoia India. The round was supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for $860 million) and the founder of the platform Oleg Tscheltzoff, will accel…
MagicX raises $1 million, to invest on team expansion
MagicX, an on-demand, chat-enabled, AI-powered app to manage day-to-day tasks, has raised $1 million from marque investors including Kris Gopalakrishnan (Co-Founder, Infosys), Dr Ranjan Pai (MD, Manipal Education and Medical Group), Ramaraj (Co-Founder, Sify), Hari Kumar (Lionrock, Singapore) and…
Cloud telephony company Exotel’s API opens for startups
Exotel, a cloud telephony company, will make its tools and rules for building software applications termed as API available in Singapore, Malaysia and Indonesia. The company is primarily targeting the tech-enabled service industry. An initial investment of $10 million (approx Rs 66.5 crore) is pl…
Goldman Sachs scouting for fintech start-ups
Goldman Sachs, the investment bank, is scouting for financial technology start-ups and is looking at Bengaluru for new picks. The Principal Strategic Investment Group of the bank has a global portfolio of 75 firms, including a dozen investments in the Asia-Pacific. Two are in India — National Sto…