The first time iXigo Founder Aloke Bajpai pitched to Fosun Kinzon Capital, the venture capital arm of Chinese conglomerate Fosun, it was through an interpreter. He was uncomfortable with the language barrier — a major factor that impedes the intermingling of the start-up ecosystems of the two nei…
Tag: Zoomcar
Seed stage investor Idein Ventures to back 16 Indian start-ups in 2017
Idein Ventures – which recently invested in Hyderabad-based medical tourism startup Oxa – is betting big on India startups with a mandate to invest in 16 companies this year. The VC firm invests in UAE and is exploring global companies in the US apart from expanding into Israel. Idein Ventures, w…
Why Indian start-ups are ready for a reboot in FY18
Even as the Indian startup ecosystem has seen declining investments, layoffs and shutdowns since last few months, the next fiscal will see fundamental changes and emergence of leaner ventures, says a white paper by Noida-based VC firm advantEdge Partners. “The conditions are ripe for a reboot of …
Lawyered | Making legal easier to put cases at rest
You face a dispute, or you’re falsely accused, you file a complaint, or you request an appeal, and then the court is adjourned – hectic, right? Now imagine this – enters a team of passionate professionals who are on their way to disrupt the legal industry, they put your case at rest and the dispu…
Israel’s OurCrowd looks to bring more Indian investors on board
Israeli crowdfunding platform OurCrowd is looking to bring Indian angel investors on board to fund companies in Israel and in other countries and has caught the interest of prominent angel investor Mohandas Pai as well as Indian crowdfunding platform LetsVenture. Pai said he is set to join the pl…
Zoomcar raises funds from Chinese VC firm Cyber Carrier
Self-drive car rental start-up Zoomcar has raised an undisclosed amount from Chinese venture capital firm Cyber Carrier CL as an extension of its Series B round, the company said in a statement on December 20. The company had raised $24 million in August in a Series B funding round led by Ford Sm…
Ford Smart leads $24-million in Zoomcar funding
Ford Smart Mobility, a subsidiary of US automaker Ford which was spun off in March this year to focus on advancing transportation technologies, has made its first investment in India through self-drive car rental service Zoomcar. Ford led a $24-million investment in Zoomcar, which was announced o…
Zoomcar changes track to marketplace model, aims for profitability by 2017
Self-drive car rental startup Zoomcar, which last year had raised $11million from various investors such as Nokia Growth Partners and Sequoia Capital, has pivoted to a marketplace model as part of a broader strategy to drive efficiencies in its business, as it aims to hit profitability by next ye…
Self-drive rental business startups may overtake taxi-booking apps
While the Uber and Olas of the world are busy upping their game in the $8-billion taxi-rental market, there is another parallel industry selfdrive car rentals which though nascent is growing at a fast peg. In the last one year, at least a dozen-odd startups have sprung up in the space — MiCar, Se…
Rs 10,000 cr start-up fund to be force multiplier | Experts
The Rs 10,000-crore fund announced in the Startup India policy by Prime Minister Narendra Modi is expected to be the force multiplier that may boost investments many times into this segment, industry experts believe, even as the government plans to liberalise the regulatory environment for entrep…