Bike taxi operator Rapido rebrands rider app to ramp up network

RapidoBike taxi operator Rapido has rebranded its rider app to Rapido Captain as it looks to get more riders on its network and strengthen its positioning as a pooling platform. The app was earlier called Rapido Partner. Using Rapido Captain, riders can join the startup’s bike-pooling network. The customer-facing side of the app, however, will […]

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Myntra adds three new sellers to comply with FDI norms

myntra_feWith the deadline for compliance with foreign direct investment (FDI) norms approaching, Flipkart-owned Myntra has added three new sellers on its platform to reduce its dependence on Vector E-commerce Pvt Ltd, the biggest seller on the fashion e-tailer. A report in the Mint newspaper said, citing two people aware of the development and documents with […]

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Fitness marketplace Fitnapp raises funding from Noida-based SD Group

For-Fitnapp-Story-TC_running-573762_1280Delhi-based Metano Technologies Pvt Ltd, which owns and operates fitness app Fitnapp, has raised pre-series A round of funding from Noida-based realty developer SD Group. The company will use the funds to expand its online presence, enhance its marketing efforts and increase its associations and partners, it said in a press statement. Fitnapp is a […]

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Deals app Little acquires beauty & wellness startup Stylofie

L to R: Balaji (CTO), Prateek (Co-founder) & Saurav (Co-founder)Little Internet Pvt Ltd, which owns the deals discovery app Little, has acquired beauty and wellness startup Stylofie for an undisclosed amount. Little aims to further penetrate the beauty and wellness segment with this acquisition. “With this acquisition, Little will get access to more than 50,000 registered visitors and over 1,000 merchants on the Stylofie […]

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Exclusive: Construction management platform QwikSpec raises $300K in angel round

For-QwikSpec-Story-TC_ThinkstockPhotos-492727881Cloud-based construction field inspection and asset management platform QwikSpec has raised $300,000 (Rs 2 crore) in angel funding, its founders told Techcircle. The amount was raised from a veteran tech angel investor, whose name the founders didn’t disclose, and others. The Bangalore-based startup will use the capital to scale up its product, apart from investing […]

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Mobile data startup Zeotap raises $12.8 mn in Series B funding

fashion-person-woman-handBangalore- and Berlin-based mobile data startup Zeotap GmbH has raised $12.8 million (12 million euros) in Series B funding from New Science Ventures (NSV) and Here. NSV is a New York-based venture fund and Here is a global provider of mapping and location-based services backed by German automotive companies Audi, BMW and Daimler. Existing investors […]

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Ed-tech startup Byju’s buys student profile-builder Vidyartha

VidyarthaEd-tech startup Byju’s has acquired Bangalore-based learning guidance tool and student profile-builder Vidyartha for an undisclosed amount. Vidyartha offers customised guidance platforms to schools to help students of classes 8-12 with their learning needs. It works with schools to create academic profiles of students to highlight their learning style and the path they should adopt, […]

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Will a possible BigBasket-Grofers merger stave off competition from Amazon?

For-BigBasket-Merger-Story_ThinkstockPhotos-519469680_feOnline grocers BigBasket and Grofers have both rejected a media report of a possible merger. This has not prevented experts from speculating about what could probably be the biggest merger in the e-grocery segment. Such a consolidation would create an entity with a lion’s share of India’s expanding online grocery market, much like the Myntra-Jabong […]

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Exclusive: Driving school aggregator Drivekool raises angel funding

DrivekoolBangalore-based online marketplace for driving schools, Drivekool, has raised an undisclosed amount in angel funding from US-based Aavya Ventures. The company plans to invest the money in expanding operations to new cities in Maharashtra, Mahesh Gidwani, co-founder and CEO of Drivekool, told Techcircle.in. In addition, it will use the capital to expand the team and […]

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BigBasket FY16 revenue triples, losses mount

For-Big-Basket-Story_ThinkstockPhotos-536034047The country’s top online grocer BigBasket has registered an over-three-fold increase in revenue to Rs 563 crore for the financial year ended March 2016, a financial daily reported quoting Hari Menon, co-founder & CEO, BigBasket. Sales in the previous fiscal stood at Rs 170 crore. However, net loss rose to Rs 277 crore from Rs […]

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