Bengaluru: Rupeek, a digital lending company offering gold loans, is set to raise about $12 million (about Rs 79 crore) in an early-stage funding round led by Accel Indiaand financial inclusion-focused investment firm Lok Capital, according to two people familiar with the deve…
Tag: Snapdeal
Investors interested in e-Commerce start-ups, but can’t get started
Bengaluru: In 2014 and 2015, investors rushed to fund dozens of new start-ups that were launched to deliver food, groceries, fashion and other products to Indian shoppers. More than three years later, even though most e-commerce start-ups are struggling, some investors are again looking to f…
Will not support founders who want to scale up start-ups just to sell: Ratan Tata
Tata group chairman emeritus Ratan Tata, a serial start-up investor, said on September 20 that he will support startups that have founders who have passion to build sustainable company rather than scaling it up just to sell it. Tata has been investing in startups in India and abroad. Some of thes…
Alteria Capital to launch India’s biggest venture debt fund with a corpus of Rs 1k cr
Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country’s biggest venture debt fund with a corpus of Rs 1,000 crore. Alteria Capital will have a corpus of Rs 800 crore ($125 million) with a greenshoe option of ra…
FDI in e-Comm & start-ups contracts over 65% in CY2016: Kotak report
According to the report, about 13 e-Commerce companies which raised a total of around $3.46 billion in 2015 managed to receive just $1.31 billion in 2016 in FDI inflows.
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Tech-driven insurance start-up Digit secures Fairfax’s backing
A clutch of senior executives from the e-commerce and insurance space have come together to float Digit, a tech-driven insurance startup, a national daily reported on June 13. Former top-level employees of general insurance company Bajaj Allianz Vijay Kumar, V Philip and Jasleen Kaur; former seni…
As start-up story goes awry, Esops lose their sheen
Employee stock option plans (Esops) are so yesterday — so much so that almost no high-flyer recruit in e-Commerce now wants them. Once the ultimate wealth-creation vehicle, and part of the start-up lore, Esops have lost their sheen along with the start-up story. Headhunters say executives are neg…
Why Telangana is building the world’s second largest start-up incubator
In 2014, venture capitalists invested nearly $5 billion in Indian start-ups, mostly across metro cities. Hyderabad, with less than 10 per cent of the pie, was miserably behind Bengaluru, Mumbai, Delhi and Chennai. Founders would often relocate to Bengaluru and engineering graduates would skip tow…
Startup: चलते ही जूझना पड़ा परेशानियों से, स्नेपडील समेत कई बिकने को तैयार
बीते करीब पांच सालों से स्टार्टअप की एक नई पौध भारतीय अर्थव्यवस्था में शामिल हुई है। शुरूआत में कईयों ने अच्छी छलागें लगाई लेकिन जैसे ही उनके क्षेत्र में बहुराष्ट्रीय कम्पनियां आईं वे टांय-टांय फुस्स हो गई। प्लॉन बी नहीं होने का खामियाजाना इन कम्पनियों को उठाना पड़ा। आज ज्यादातर स्टार्टअप या तो ब…
IIT-Kanpur extends Rs 25 lakh seed fund to rural job hunt start-up
Supporting the central government’s Startup India project, the Indian Institute of Technology in Kanpur (IIT-K) pumped in Rs 25 lakh as seed funding in rural job search start-up Eezy Naukari. The Kanpur-based company aims to help job seekers in rural areas find work opportunities in the cities ac…