Hyperlocal logistics start-ups, the backbone for any e-commerce company, had a bumpy ride in 2016 in terms of fund raising and it does not seem to be getting any better. Venture capital funding into logistics start-ups has drastically declined by 68% to $124.61 million in 2016 compared to the pre…
Tag: Tracxn
Internet economy: Reality check at start-ups
For Indian Internet start-ups, this year turned 2015 on its head. Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016. It was a total departure from the previous year, when start-ups tou…
Zoomcar raises funds from Chinese VC firm Cyber Carrier
Self-drive car rental start-up Zoomcar has raised an undisclosed amount from Chinese venture capital firm Cyber Carrier CL as an extension of its Series B round, the company said in a statement on December 20. The company had raised $24 million in August in a Series B funding round led by Ford Sm…
Start-up funding declines, but no let up in deals
India’s start-up ecosystem may have seen a fall in funding this year, but there’s been almost no let-up in the number of deals, highlighting that investor appetite is still strong. Start-ups have attracted roughly $4 billion in funds so far this year, down from a heady $7.55 billion in 2015, whic…
Chinese firms poised to take over from US cos as lead investors in Indian start-ups
If there were any fears that the rising protectionism targeted against India’s neighbours would inhibit the flow of Chinese investments into domestic startups, they are belied by the growing belief in the change of guard on the investment front. Investors from the Middle Kingdom are being a…
Back to square one: Funds drying up for start-ups
After two years of hyper growth fuelled by a funding boom, India’s startup sector is busy getting back to the basics. And as these enterprises get ready for the new year, the glass looks more half full than half empty compared with the year gone by. Data from startup researcher Tracxn show …
Background verification start-up BetterPlace raises fresh capital
BetterPlace Safety Solutions Pvt. Ltd, a Bangalore-based startup that uses data analytics to offer background verification services, has received an undisclosed amount of investment from Venture Highway through VH Capital, according to a press statement. Venture Highway was founded by Samir Sood,…
B2B online marketplace Udaan.com raises $10 mn from Lightspeed
Udaan.com, a business-to-business online marketplace, on November 22 said it has raised $10 million in series A funding from venture capital firm Lightspeed Venture Partners India and Lightspeed US. Udaan was launched earlier this year by Sujeet Kumar, Vaibhav Gupta and Amod Malviya, former senio…
B2B commerce start-ups raised $85 mn in funding this year: Report
Internet-based businness to business commerce companies in India registered over three times jump in funding this year compared to last year, a report published by startup data collector Tracxn said. B2B e-commerce ventures have so far secured $85 million in capital compared to $21.07 million in …
Online wallet, payment firms account for 50% of fintech start-up buyouts in 2016
Indian financial technology start-ups saw 12 acquisitions in 2016, according to a report published by the start-up tracker, Tracxn. Six of these were in mobile wallet and online payments segment, which includes PayU Payments Private Ltd’s acquisition of Citrus Payment Solutions Pvt. Ltd in a $130…