Bangalore based India’s first personal shopping app Voonik has a highly differentiated proposition of offering a free, online personal stylist in an app to its users. The company grew by more than 2200 % in 2015 and app repeat purchase rate doubled. With the launch of the ‘Start-Up India Campaign…
Tag: startup
Ratan tata invests in retail-tech startup SnapBizz
Bangalore based retail-tech startup SnapBizz today announced that it has raised funding from Ratan Tata, Chairman Emeritus, Tata Sons. In January 2016, SnapBizz had announced a Series A funding of $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures. With t…
Capgemini to tap into Startup eco-system
Capgemini, the Paris headquartered technology services major, will tap into the startup eco-system in India and soon launch its dedicated programme focused on accessing their innovative technologies. Called the applied innovation exchange, Capgemini brings together the technology startups and its…
Top 10 Angels give wing to 425 Startups
India’s top 10 angel investors — call them archangels — have supported and helped build 425 Indian startups over the past 10 years, according to estimates by startup database Xeler8. That’s a significant figure, given that the startup ecosystem is still in its infancy, and reflects th…
Sistema JSFC floats $50m Asia fund
Sistema JSFC, a Russian conglomerate with over $10 billion of annual revenue, has jumped onto the Indian startup bandwagon. It has floated a proprietary $50 million (Rs 340 crore) Asia Fund to support Indian startups operating in the technology and niche consumer retail segments. He declined to r…
Startups choose debt row over death by equity dilution
As private equity and venture capital investors are tightening and consolidating their investment portfolio in the startups space, an increasing number of startups are getting sensitised with the new emerging `funding climate’ and are too looking towards debt funding to avoid further equity…
Primarc group sets up venture capital fund for start-ups
Kolkata-based Primarc Group, which is into real estate and retailing, has set up a venture capital fund targeting start-ups. According to Sidharth Pansari, Director, Primarc Group, the fund – Primarc iVenture – will look to fund start-ups at an angel stage or even at advanced ones. “In the angel …
Consolidation of start-ups to be key in 2016
Consolidation and customer experience are expected to be the buzzwords for startups this year as entrepreneurs focus on bringing in innovation across sectors like education, healthcare and financial inclusion. Consolidation is a natural progression, but one can expect more big scale consolidation…
Indian start-ups raised $5.5 billion (Rs 36,000 crore) during 2015 |VCCEdge
Indian start-ups raised $5.5 billion (Rs 36,000 crore) from Venture Capital (VC) firms and angel investors in 1,096 deals during 2015, as they looked to participate in the country’s economic growth story, according to VCCEdge, the research arm of online publisher VCCircle that tracks start-up fun…
Oddly, pink slips arrive @ Start-ups | Faulty biz models or funding crunch?
Ten months ago, Bhuwan Arora started up Oddity, an online content platform for news, videos and books. The 26-year-old IIT-Delhi alumnus relied on his personal savings and angel funding of Rs 25 lakh, which came in by April, to get the venture going. Over the next few months, Arora pitched his bu…