Even as April saw poster boys of the start-up ecosystem Flipkart and Ola rack up funds, overall investments touched new lows. Venture capital funding marked a 22-month low at $125 million across 31 deals. The number of investments shrank by 6 per cent compared with the same period last year, whil…
Tag: Flipkart
Here’s how Chinese investors are helping Indian start-ups
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…
CureFit secures $3 m from RNT capital, others; launches healthcare app
Part of the famous Flipkart Mafia, Mukesh Bansal and Ankit Nagori’s startup CureFit has reportedly secured $3 m in funding from Tata Sons Chairman Emeritus Ratan Tata’s RNT Capital, and other angel investors. The round also saw participation from Gokul Rajaram, product engineering lead, Square; A…
स्टार्टअप: छंटनी ज्यादा और रोजगार कम
अगर सूचना प्रौद्योगिकी (आईटी) के बाद ऐसा कोई क्षेत्र है, जिसमें बहुत अधिक लोगों की नौकरियां जा रही हैं तो वह स्टार्टअप एवं ई-कॉमर्स क्षेत्र है। अग्रणी ऑनलाइन मार्केटप्लेस, ई-ग्रॉसर्स, आईओटी यानी इंटरनेट ऑफ थिंग्स कंपनियां, ऐप आधारित कंपनियां, ट्रांसपोर्ट एग्रीगेटर आदि उन कंपनियों में शामिल हैं, ज…
Here’s how SoftBank plans to rejig the Indian online start-up industry
After ploughing about $2 billion into minority stakes in Indian e-Commerce businesses over the past few years, Japan’s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. According to sources with direct knowledge of the ma…
Our special area of focus is traditionally underserved micro-entrepreneurs: Capital Float
In a long chat with Rohan Angrish, CTO, Capital Float, here is an understanding of how their online platform reduces the hassles associated with processing working capital requirements for SMEs in India. Edited excerpts: Q: Please tell us about your organization and how it plans to address financ…
Amazon to keep investing in technology, infrastructure in India: Jeff Bezos
Global e-commerce major Amazon will keep investing in the Indian market to strengthen technology and infrastructure as it looks to overtake local rival Flipkart. The US-based company has already committed investments to the tune of $5 billion in India. “Our India team is moving fast and del…
Why SIDBI can be a game changer for venture capital industry
Around June last year, entrepreneur-turned-venture capitalist Manish Singhal was looking to raise his first venture fund, and he thought it was the toughest task he had ever undertaken. Singhal had earlier co-founded startup financing platform Letsventure. As he searched far and wide for investor…
I want every rich Indian to start investing in start-ups: Paytm’s Vijay Shekhar Sharma
43-year old Vijay Shekhar Sharma who runs e-commerce firm Paytm backed by Chinese investors, on Thursday said that India’s traditional business houses should start investing in domestic startups. He added that Indian entrepreneurs need foreign investors largely because of the lack of availa…
Mobile gaming start-up Mech Mocha raises Rs 32 cr
Bengaluru: Mobile gaming startup Mech Mocha has raised $5 million (about Rs 32 crore) in a series A funding round led by Accel Partners and including Chinese venture capital firm Shunwei Capital and existing investor Blume Ventures. A significant portion of the funds raised will be used to develo…