Mumbai-based e-Commerce fashion platform Fynd has raised $500,000 in a follow-on Series A funding round from Silicon Valley-based Rocketship. Rocketship is an early-stage venture capital fund investing in companies using models built through data science. The firm’s founders, Venky Harinarayan an…
Tag: Kunal Bahl
Bootstrapping, another way to build a start-up
There’s a meme floating around Bengaluru’s start-up circles that neatly captures the zeitgeist of the community. In it, a crudely drawn map segregates the city’s neighbourhoods based on the technology companies they house. Well-funded start-ups occupy the trendy enclaves of Koramangala and Indira…
Flipkart, Amazon & Snapdeal join hands, flag concerns over GST
In a rare sight, top bosses of country’s major e-commerce players – Flipkart, Amazon and Snapdeal shared dais to raise their concerns over the draft Model GST Law. The draft proposes a clause called ‘Tax Collection at Source’ (TCS – Section 56). Under this, e-commerce marketplaces will have to de…
Budget has clear focus on Digital India, skilling: Start-ups
Hailing the Budget as progressive, unicorns and startups said the proposals have a clear focus on ‘Digital India’ and skilling. The attention to affordable housing and greater employment in rural areas are the right interventions to build a more equitable society, they said. “Th…
E-retail, allied sectors to create 1.45 mn jobs by 2021: Report
India’s e-retail and allied sectors including logistics, warehousing and IT/ITeS are expected to create about 1.45 million direct jobs by 2021, a joint report by Snapdeal and KPMG said. Logistics and warehousing sector is expected to be the largest contributor creating direct employment opportuni…
Indian start-up ecosystem lucky to have Ratan Tata’s support: Ola Founder
Mumbai: Amid the corporate war raging within Tata Sons, which has also highlighted Ratan Tata’s work as angel investor in startups after his earlier retirement in 2012, startup founders have come out in strong support of the Tata scion. Ratan Tata-funded cab aggregator Ola founder Bhavish A…
Healthcare e-Commerce portal Netmeds acquires Pluss
Healthcare e-Commerce portal Netmeds on November 24 said it has acquired Pluss, a mobile app for medicine deliveries in Delhi and Hyderabad, in an all-stock deal. Financial details of the deal were not disclosed. Pluss users can upload a photo of their prescription and have medicines delivered ho…
Snapdeal to invest $100 mn to boost fashion business
India’s third largest e-tailer Snapdeal will invest $100 million over the next one year to uplift its online fashion portfolio in the wake of surging competition from its peers. The Indi an e-commerce major will not only be focusing on selling branded products but will also build its own ca…
Paytm, Freecharge launch ‘Wallet on Delivery’ to counter COD
In a move that may end the era of cash on delivery (CoD) forever, mobile wallets Paytm and Freecharge today launched ‘Wallet on Delivery’ (WoD), which will allow users to pay on delivery by using their e-wallet. Paytm in an official tweet said: “Goodbye, COD. We’re working with our co…
$1 billion club in sight for Myntra
Myntra said it recorded gross sales worth $1 billion on an annualised basis in July riding on the success of an aggressive end-of-season sale. The company, which also acquired rival Jabong last month, now controls over two-thirds of the online fashion market with parent Flipkart, which is widely …