Online rental solutions company RentoMojo has raised funds of $5 million in a first strategic round (Series A) from IDG Ventures and Accel Partners. The funds raised will be used to further strengthen the product and data driven structure within the company, it said in a statement here on July 18…
Tag: IDG Ventures
Shopclues acquires Bengaluru-based startup Momoe
Online marketplace ShopClues, the newest member of the billion-dollar valuation club, has acquired Bengaluru-based startup Momoe as it looks to build a payments business. The deal will also help ShopClues establish an office in the startup capital and all five Momoe founders are expected to join …
Virat kohli starts new venture Stepathlon to tackle fitness issues affecting kids
Fitness is the next rising industry in the startup space, given the amount of investor interest they are seeing both from celebrity cricketers and well-known entrepreneurs. Cricketer Virat Kohli on June 28 kicked off a new fitness venture in a joint venture with Stepathlon Lifestyle. The venture,…
RBI to regulate the peer-to-peer (P2P) lending business
The RBI’s move to regulate the peer-to-peer (P2P) lending business has evoked good response with most participants saying that it could provide greater confidence to lenders and borrowers, as also to venture capitalists. The space has some 35 startups now and more than 20 of them were found…
IFC Leads Rs. 400 Crores Series D Investment in Lenskart
IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 crores Series D investment round which also…
At its warehouse, Nasscom bets on start-ups
Navanee Sundaramoorthy Co-Founded Uncanny Vision, an artificial intelligence start-up, which gives machines an ability to see and analyse like humans, from a garage in a residential area in east Bengaluru. He and other Co-Founders Ranjith Parakkal and Devadas Parakkal then moved to a proper offic…
Affordable, yet advanced technology make India’s medical devices startups grab global attention
Dr Sheela CN, head of the obstetrics department at St. Johns Medical College Hospital in Bengaluru, seems pleased with a new product she’s testing to detect fetal distress during childbirth. “We are testing this device to see if it can help us (diagnose) high-risk problems during deli…
Delivery startups explore additional income streams
With investors turning increasingly cautious, hyperlocal delivery start-ups are exploring additional revenue streams such as advertisements and promotions to try and mitigate the impact of losses incurred by their core offerings. Shadowfax Technologies Pvt. Ltd and Opinio (Moonshots Internet Pvt.…
Coupons website Cashkaro.com raises funds from Ratan Tata
Continuing his investment spree in Indian start-ups, Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed amount in Gurgaon-based cashback and coupons start-up CashKaro.com. This is his third investment in start-ups this month — having invested in Tracxn, a startup intelligence…