Why high-paying Indian startups are cutting no ice with job-seekers

For-Startup-Cut-no-ice-Story-TC_ThinkstockPhotos-509872398For 31-year-old Puneet Parthasarthy (name changed), it was a dream job. His employer, a B2B tech startup, had deep-pocketed investors, and it was offering him a designation and compensation that could give many around him a strong bout of jealousy. It was a neat corporate job with “some hectic days” thrown in when new clients […]

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Blume Ventures is VC fund-raiser of the year: VCCircle Awards

Blume VenturesMumbai-based tech-focussed early-stage investment firm Blume Ventures, which closed its second fund of $60 million last year, has won the News Corp VCCircle VC fund-raiser of the year award in recognition of its prolific fund-raise from a largely domestic limited partner (LP) base. The Karthik Reddy and Sanjay Nath-led investment firm beat Accel Partners India, […]

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What’s firing up Infibeam

Infibeam22India’s e-commerce story is a familiar one—cash burn, negative unit economics and a pipe dream called profitability, all in the name of customer acquisition. But Ahmedabad-based Infibeam Incorporation Ltd, the country’s first online retailer to go public, has scripted a growth story that flies in the face of the prodigal ways of other, heavily-funded e-commerce […]

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Swedish investor Kinnevik to sell half its stake in Rocket Internet

KinnevikSwedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket Internet SE. It plans to sell nearly 10.9 million shares, representing 6.6% of Rocket Internet’s issued share capital, to institutional investors at €19.25 per share, Kinnevik said in a statement on Wednesday. “Kinnevik’s gross proceeds […]

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Curated marketplace TheBagTalk aspires to become BuzzFeed for Bags

Looking for a carry-on bag that turns into a kick scooter to help you manoeuvre large airports? Or a line of sports bags designed by yesteryears’ popular cricketer Jonty Rhodes or TV host and actor Rannvijay Singh? The soon-to-be-launched TheBagTalk, which claims to be the country’ first ever curated marketplace exclusively for bags and luggage, […]

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Flipkart, Snapdeal unlikely to remain key players: Mahesh Murthy

Mahesh-MurthyInvestor Mahesh Murthy is known for not mincing words. The co-founder of Seedfund says several businesses in India have been created with the idea of selling to industry giants, signalling greed of both entrepreneurs and investors. He is also least bothered about the valuation markdowns of some consumer Internet firms, saying it will clear the […]

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Weaker yen helps SoftBank pare valuation loss from Snapdeal, Ola investments

Yen-fallJapanese telecom and Internet giant SoftBank Group Corp has reported a valuation loss of ¥39.3 billon (nearly $350 million) from its financial instruments for the nine-month period ended December 31, 2016, largely due to a decline in fair value of preferred stock investment, primarily in India. The loss would have been higher but for a […]

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Exclusive: Online counselling startup InnerHour raises $450K from VentureWorks

L to R: Amit Malik and Shefali Batra, Founders, InnerHourInnerHour, an online psychological wellness platform, has raised $450,000 (nearly Rs 3 crore) in its first round of funding from investment firm VentureWorks India, a top company official told Techcircle. Run by Mumbai-based MindCrescent Wellness Ventures Pvt Ltd, InnerHour offers online counselling and therapy services on both mobile and desktop platforms. Two factors led to […]

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Budget 2017: We expected more from Jaitley, says Indian startup fraternity

Finance Minister Arun Jaitley on Wednesday doled out a few offerings for startups, which has received mixed reactions from the fraternity, with most of them saying they were expecting a lot more. To begin with, in his Budget speech, Jaitley proposed to tweak the tax concession policy for startups, offering them a tax holiday for […]

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Alibaba’s impending entry to alter India’s e-commerce landscape

For-Alibaba-Story_ThinkstockPhotos-592674602Jack Ma-owned Alibaba will soon open its first India office in Mumbai’s posh business district Bandra-Kurla Complex (BKC), according to a report in a business daily last week. For this purpose, it has rented 3,221 sq ft of office space at Rs 275 per sq ft per month, the report added. Even on the human […]

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