Loyalty rewards app mPaani Solutions Pvt Ltd has raised $1.35 million in its pre-series A investment round led by IDG Ventures, Blume Ventures and Saha Fund, the company said in a statement. Existing investors Adil Allana of The Allana Group, Aprameya Radhakrishna, co-Founder of Taxiforsure, and …
Tag: TaxiForSure
Stellaris brings $100 mn booster shot for Indian tech start-ups
Venture Partners, Stellaris have announced that they will be boosting Indian Tech Startups with $100 Million from its maiden closing. Contributions for the Indian tech startups came from corporate companies like Infosys, Entrepreneurs family offices from the US, Europe, Asia and from other financ…
Venture capital world preparing for a tough year; here’s why
On the face of it, things in India’s venture capital market look good. In a year of valuation markdowns and shuttering startups, venture capital firms managed to mop up a record amount of capital. Led by local affiliates of Silicon Valley heavyweights, Sequoia Capital and Accel, VC funds dedicate…
Starting up just to make money is the wrong reason for start-ups: Panellists at IIMBue 2016 Summit
Starting up just to make money is the wrong reason for start-ups, said panellists at IIMBue 2016 – summit hosted by the Alumni Association of IIM Bangalore. Participating in the panel discussion on ‘Un-Tabooing of Wealth’ by Kunal Shah, Founder & Chairman, FreeCharge; Aprameya Radhakris…
Ola lays off 700 employees shuts down taxiforsure business
Ola has shut down its Taxi-ForSure business and has laid off 700 employees, according to three people directly aware of the developments at India’s largest cab aggregator. The move comes nearly a year and half after Ola acquired its crosstown rival TaxiForSure for $200 million to gain marke…
Blume Ventures and other angel investors put Rs 6.6 crore in BHIVE Technologies
Early-stage investment firm Blume Ventures and other angel investors have invested about Rs 6.6 crore ($1 million) in co-working space BHIVE Technologies , which plans to grow its presence in Bengaluru and expand to Mumbai and Delhi. “Part of the money will be utilised to attract top talent…
ixigo launches 1-Tap Cab Booking, that books cabs even without internet or GPS
ixigo, India’s leading travel search app has announced the launch of “1-Tap Cab Booking” on the ixigo cabs app – an innovative feature that allows booking the nearest available cab in one tap of a button on the user’s home screen. Currently available for Android, 1-Tap Cab Booking will wor…
Naturals to take over Yuvraj Singh-funded startup Vyomo
Vyomo, an aggregator of beauty salon doorstep services funded by cricketer Yuvraj Singh, will become a part of Naturals with the nation’s largest salon chain investing Rs 100 crore for a controlling stake. This deal, the first where a brickand-mortar salon chain is collaborating with an app…
DriveU raises $1 million from Unitus seed fund
DriveU, an on-demand driver service, has raised funds from Unitus Seed Fund, a move that will help the company compete with taxi-aggregators like Ola and Uber. While the Bengaluru-based company declined to disclose the investment details, sources said Unitus has pumped in about $1 million (about …
Daily Ninja to raise fresh funding in two months
Daily Ninja, a subscription-based daily needs hyperlocal platform, is in talks to raise its next round of funding from its existing investors — Aprameya Radhakrishna of TaxiForSure, Venk Krishnan of NuVentures and Subramanya S V, former MD at Bessemer Venture Partners — and a clutch of other inve…