Mumbai-based food delivery startup Holachef Hospitality Pvt. Ltd has raised Rs 19.5 crore ($3 million) in a Series B round of funding from SIDBI Venture Capital Ltd and existing investor Kalaari Capital. The VC arm of state-run Small Industries Development Bank of India led this round with a Rs 1…
Tag: TinyOwl
The start-up hub that was once in contention to be India’s Silicon Valley is battling persistent storms
There is an alley going towards the washroom at Starbucks in Powai. Both male and female entrepreneurs have pitched their ideas to me while waiting their turn to use the loo. That is the kind of exuberance that existed back then,” said investor Sanjay Mehta, recalling the heady days of Mumbai’s s…
Mumbai start-ups see 44% decline in funding in one year, reveals data
Mumbai, which spawned a bunch of high-profile startups like Housing.com and attracted millions of dollars in investor capital over the past few years, registered a 44% decline in funding deals in 2016, even as Pune managed to buck the slowdown. Mumbai struggled as its startup epicenter Powai saw …
Know how a start-up should expand?
The speed of scaling up is one among the myriad challenges startups face today. Every now and then they are posed with the question of whether to launch in multiple cities at high speed to attain market leadership or to take a slow and steady pace of city-by-city launch to establish a strong base…
Smart start-up VCs ally with global peers for faster exits
That a grim market scenario has venture capital firms locking up their purses in 2016 is a fact unmatched. But venture capital firms have turned their eye towards a global solution to return capital to their investors and deliver the best possible return they can, in times of distress. As many VC…
Startup merger and acquisitions surge on funds crunch
As venture funding slows down, startups seem eager to sell themselves off. This is showing up in a surge in Mergers & Acquisitions (M&As). In July, there were as many as 36 M&As, almost twice that in June and about three times the January and February numbers, according to data from s…
Swiggy raises Rs 47 crore from Norwest venture partners, DST global and Accel partners
Swiggy has raised an additional Rs 47 crore from existing investors Norwest Venture Partners, DST Global and Accel Partners, valuing the online foodordering startup at over Rs 865 crore or $130 million, filings with the registrar of companies show. The new round of funding gives the startup addit…
B2C e-commerce players to focus on reducing ‘cash burn rate’
For consumer internet companies used to spending their way to market leadership or otherwise, conserving cash has now become a priority to extend their runways. In the new regime, startups are shunning previously popular buzz-phrases such as ‘growth over profit’ and ‘winner take…
Roadrunnr and Tinyowl in early stage of talks to merge in all-stock deal
Logistics player Roadrunnr and online food ordering platform Tinyowl are in early stages talks to merge in an all-stock deal, according to four people aware of the developments. The two startups–both backed by venture funds Sequoia Capital and Nexus Venture Partners–aim to create an i…
AskMe Grocery looks to expand operations to 70 cities
Although the food tech sector is grappling with slowing sales and high attrition, hyperlocal AskMe Grocery is looking to scale up. Ankit Jain, founder, AskMe said that the firm proposes to expand operations from 35 cities to 70 cities by March, 2016. “Expanding the business in tier II and tier II…