Exclusive: Former India head Latif Nathani quits eBay

Latif NathaniLatif Nathani, who was heading eBay’s India business up until recently, has resigned from the company. Nathani served as the managing director and vice president of eBay India since May 2013 until last month when he moved back to the US. Nathani decided to move to the US for personal reasons, a person aware of […]

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Women-focused media startup POPxo raises $2.7 mn from GREE Ventures, others

Women-focused media startup POPxo raises $2.7 mn from GREE VenturesPOPxo.com, a digital publication targeted at young women, has raised $2.7 million in a Series B funding round led by Japanese venture capital firm GREE Ventures with participation from its existing investors Kalaari Capital and IDG Ventures India. The company will invest the fresh capital on product enhancement to build new features and different formats […]

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Exclusive: Last-minute hotel booking startup RoomsTonite shuts down

Close-free2RoomsTonite, a mobile app for last-minute hotel bookings, has closed down operations as funds dried up following a failed $1.5 million fundraising bid, two persons familiar with the development told VCCircle. The startup decided to draw the curtain around eight months ago when operating costs began to get out of control. Its mobile application is […]

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Home services startup Frapperz raises $100K in seed funding

Home services startup Frapperz raises $100K in seed fundingOn-demand home services provider Frapperz has raised $100,000 (Rs 66.6 lakh) in seed funding from a group of investors led by an Australia-based healthcare entrepreneur. The mobile platform, owned and operated by NumeroSeven Technologies Pvt Ltd, has recorded over 10,000 active downloads, the startup said in a press release. It claims to have clocked monthly […]

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Asuka Holdings, existing investors back real estate firm Property Share

infra-shahjunaid_feBangalore-based Property Share, which offers investors fractional ownership of properties, has raised an undisclosed amount in a fresh round of investment led by Japanese venture capital investor Asuka Holdings, Kunal Moktan, founder and chief executive of the startup told VCCircle. Existing investors Pravega Ventures and Beenext also participated in this round. Owned and operated by […]

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Exclusive: App aggregator AppBrowzer secures $500K from Deepak Gurnani, others

Venkatesh Rao & Sunny along, co-founders, AppBrowzerBangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network, Sunny Gurnani, co-founder and chief executive of the startup told VCCircle. A group of angel investors also participated in the round. Deepak, a distributor and producer of Indian movies, has […]

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Flipkart to add 30% workforce in 2017

FlipkartAmid massive job cuts in India’s fast-growing e-commerce industry, home-grown online marketplace Flipkart is planning to ramp up its hiring efforts, a media report said. The Times of India reported, citing unnamed sources, that the company will hire 20-30% additional workforce in 2017. It said that the company is looking to expand its key teams, […]

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Flipkart suffers yet another valuation markdown

Flipkart22Just when Flipkart Internet Pvt. Ltd was consolidating its position under the new CEO Kalyan Krishnamurthy, a fresh bout of valuation markdowns could prove to be a damper. More so, as the largest consumer internet company in India had experienced a tumultuous 2016. In fact, Macquarie Group-owned Optimum Fund’s decision to lower the value of […]

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Exclusive: HR solutions platform Tydy raises $275K from angel investors

ThinkstockPhotos-520544012_feBangalore-based employee onboarding and engagement platform Tydy has raised $275,000 in angel investment from a group of individuals, including existing investor Bhupen Shah, former co-founder of Sling Media. Others who also invested in the firm are Jayesh Parekh, managing partner at Jungle Ventures and co-founder of Sony Entertainment in India and Sanjay Sathe, founder of […]

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Ideaspring makes maiden investment in packaging software startup Karomi

For-GolfLan-Story-TC_ThinkstockPhotos-4938842652Marking its first investment, early-stage venture fund Ideaspring Capital has put in a little over $500,000 (Rs 3.5 crore) in Chennai-based Karomi Technology Pvt. Ltd, which runs Karomi, a tech startup in the packaging artwork management space. The investment will power Karomi’s international expansion plans, said Naganand Doraswamy, MD of Ideaspring Capital, in a press […]

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