Ola Money, the digital payment solution from transport aggregator Ola, announced that its partnership with leading online marketplaces eBay, YepMe and AskmeBazaar, will allow customers to pay with one touch from their Ola Money wallet. Customers will also be eligible for an additional 10% discoun…
Companies, Finance & Markets
Sequoia Capital looking to invest about Rs 100 crore in outdoor gear manufacturer Wildcraft
Sequoia Capital is looking to invest about Rs 100 crore in Bengaluru-based outdoor gear manufacturer Wildcraft, people aware of the development said, in what will be the venture capital firm’s second round of funding in the company. In 2013, Sequoia had pumped in close to Rs 70 crore in Wil…
ORACLE selects five startups for accelerator programme
After announcing an accelerator program for startups in India in April, Oracle has announced its first batch of first firms. The idea behind the programme is to help India’s startup ecosystem and to support to the Digital India initiative. The first which have been selected include a plug-n…
India ranks second on GRD index on ease of doing business: Study
India has jumped 13 positions from last year to rank second among 30 developing countries this year on ease of doing business, according to a study topped by China. According to 2016 Global Retail Development Index (GRDI), which ranks top 30 developing countries for retail investment worldwide, a…
Uber ramps up services in five new areas in Chennai
Cab aggregator Uber has ramped up its services offered in the city by adding five new areas with effect from 7 June 2016. As per the new services, Uber would operate cabs in Vandalur, Guduvancherry, Kelambakkam, (SRM University) Potheri and upto Mahindra World City (Singaperumalkoil), a company s…
Voonik acquires three startups
Sequoia Capital-backed fashion marketplace Voonik has acquired three startups to build its premium fashion product Vilara . The company has now acquired five startups in the past six months. Voonik, which is focused on curated fashion, is attempting to strengthen its leadership in the unbranded f…
HP eyes big booster shot from govt’s digital drive, SMEs
With the impetus of the government on digitisation of its departments and small and medium businesses aiming to be more productive and secure at an affordable price point, there is a growing need for products and services that offer good design, speed, productivity and security. This is what glob…
Amazon launches used-goods platform, takes on Quikr, Olx
BENGALURU: Now you can sell your used goods on Amazon . Junglee , a subsidiary of the Seattle-based e-commerce firm, has kickstarted a pilot which lets an individual sell second-hand goods across different categories like mobile phones, tablets, pre-owned watches, books, among other such items. C…
Droom raises Rs 200 crore from a consortium of Japanese and Chinese investors
Online marketplace for used automobiles and auto services Droom has closed a Rs 200 crore funding round, a transaction that comes at a time when mid-to-late stage funding in India continues to be under severe stress. The Series B round of equity financing has been led by Singapore-based investor …
Cremica Food Industries raises Rs 100 crore from Rabo Equity Advisors
Cremica Food Industries, makers of condiments and has raised $15 million (Rs 100 crore) from Rabo Equity Advisors, investment advisors for India Agri Business Fund II. This is the first investment from the new fund focused on sectors including food services, agro chemicals and seeds, cold storage…