Shopalyst gets $2M in Series A round from Kalaari

Shopalyst, a startup that enables online shopping through ‘buy’ buttons on websites and apps, has raised $2 million from venture capital firm Kalaari Capital. The startup (run by Bangalore-based Shopalyst Technologies Pvt Ltd) will use the money raised to facilitate e-commerce for online publishers and content creators. A part of the proceeds will also go […]

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Educomp sells ed-tech firm Wizlearn to V-cube for $14M

Educomp Solutions Ltd has sold its entire stake in Singapore-based Wizlearn Technology Pte Ltd to V-cube Global Services Pte Ltd, the debt-laden Indian education company said in a stock exchange filing on Monday. The company had acquired Wizlearn, then known as Asknlearn Pte Ltd, in 2007 for S$7 million in cash and options ($4.6 million, […]

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SoftBank leads $1B Series E round in US-based SoFi

Japanese telecom and internet giant SoftBank Group Corp has led a $1-billion Series E investment round in US financial technology startup SoFi, according to a press release. Existing investors Third Point Ventures, an affiliate of Third Point LLC; Wellington Management Company LLP, Institutional Venture Partners, RenRen, Baseline Ventures and DCM Ventures also participated in the […]

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FreeCharge claims 1M wallet users within five days of launch

Snapdeal-controlled FreeCharge said on Wednesday its digital wallet has crossed the one million customers mark within five day of its launch. FreeCharge, a recharge and utility payments portal that was acquired in April by online marketplace Snapdeal, had announced its entry into the digital wallet business on September 15 and launched it 10 days later. […]

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CRMnext appoints Yum Restaurants’ Hitesh Arora as director

Delhi-based Acidaes Solutions Pvt Ltd, which runs customer relationship management firm CRMnext, has appointed Hitesh K Arora as director of strategy and customer advocacy, according to a press release. Arora joined CRMnext from Yum! Restaurants Pvt Ltd, where he was the chief technology officer. He has previously worked with companies such as Nucleus Software, Polaris […]

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Instacart’s Mehta in Fortune’s 40 Under 40 list 2015

Five of the 40 personalities picked in Fortune’s ’40 Under 40′ 2015 list of the most influential young people in business, are of Indian origin. Although none of them is part of the bustling Indian startup ecosystem or business arena, two of them have made their mark in the American market as entrepreneurs. These include […]

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Mobile ad retargeting startup SilverPush raises $1.2M

Gurgaon-based SilverEdge Technologies Pvt Ltd, which operates a mobile ad retargeting platform under the brand SilverPush, has raised around Rs 8.2 crore ($1.25 million) in a pre-Series A round from M&S Partners, a Japan-based early-stage investor. Existing investors IDG Ventures and 500 Startups also participated in the round. The company plans to use the funding […]

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Exclusive: Virtual Logic raises pre-Series A round of funding

Virtual Logic Systems Pvt Ltd (VLS), a Bangalore-based company that develops products using virtual reality, simulation and 3D stereoscopic technologies, has raised between Rs 4 crore and Rs 6 crore in its pre-Series A round of funding, sources privy to the development told VCCircle. Swarnim Multiventures, a family office that provides early-stage financing, led this […]

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Pre-owned console games store GameXS raises seed funding

Pre-owned console games store GameXS, which is run by Gurgaon-based Krieda Solutions Pvt Ltd, has raised an undisclosed amount in seed funding from Lead Angels, an angel network based in Mumbai, the company said on Tuesday. Sanjay Krishna Goyal, the founder & CEO of ACL Mobile Ltd, is the lead investor among others. GameXS will […]

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