IoT startup Tyre Express raises seed investment from HNIs

IoT-startupEnterprise IoT solutions startup Tyre Express Pvt. Ltd. has raised an undisclosed amount in its seed round from IIT Delhi and Wharton alumni, the company said in a statement. Tyre Express was founded in November 2015 by Anju Gupta, an alumnus of S P Jain Institute of Management and Research, and Brijesh Shukla, an alumnus […]

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Mobile B2B marketplace Wydr raises Series A funding

WydrMobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round. The company will utilise the funds to expand its seller base across wholesale hubs and introduce new […]

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Kavin Mittal gets 24-fold hike in FY16

Kavin Bharti Mittal, founder, HikeKavin Bharti Mittal, CEO at Hike Ltd, received an almost 24-fold increase in compensation for 2015-16, as the messaging app expanded its operations and attracted marquee investors. Mittal received total remuneration of Rs 18.28 crore for the year through March 2016, according to the company’s annual report. This compares with the Rs 74.61 lakh he […]

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Chinese accelerator ZDream Ventures buys startup database platform Xeler8

startups-thinkstockChinese accelerator and venture fund ZDream Ventures has acquired Xeler8, Inc., an intelligence platform providing startup database to venture capital and private equity (PE) firms, according to a press statement. ZDream, however, did not disclose the deal valuation. The 12-member team of Xeler8 will be joining ZDream Ventures following the acquisition. Xeler8 was founded in […]

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Exclusive: Truck aggregator Ezytruk secures angel funding from Dubai-based investors

EzytrukBangalore-based logistics and truck aggregator Ezytruk Solutions Pvt Ltd has raised $147,000 (Rs 1 crore) in angel investment from Dubai-based investors Ajith Nair and Anish K. The startup will use the fresh capital to establish its commercial operations and invest in marketing and Internet of Things (IoT) development, a top company executive told TechCircle.in. “We […]

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Qualcomm selects three startups for $100K design prize

For-Qualcomm-Story_ThinkstockPhotos-485982144Chipmaker Qualcomm has selected three startups for its ‘Qualcomm Design in India Challenge’ prize. The winners, selected from among ten startups incubated by Qualcomm, will be awarded $100,000 each. The winners were judged by industry, government and Qualcomm executives, and the announcement was made by Union minister Ravi Shankar Prasad and Nasscom president R Chandrashekar. […]

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Adtech platform Oi Media raises seed round from Quarizon

Invest_For-Jungle-Ventures-Story_ThinkstockPhotos-180442738Oi Media, a software-as-a-service (SaaS) platform for out-of-home (OOH) advertising, has raised an undisclosed amount in seed funding from early stage venture capital (VC) fund Quarizon, according to a press statement. Oi Media, founded in 2015 by Praphul Mishra, enables media sellers and buyers to connect and transact in a transparent environment. The company was […]

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Exclusive: Personality development app Leadburg raises angel funding

For-Constant-Funding-Kotak-Story_ThinkstockPhotos-611186240_spoPersonality development app Leadburg has raised an undisclosed amount in angel funding led by former SAP veteran Harsh V. Pant and OpsVeda Asia president and COO Ratheesh Raveendran, a top company executive told Techcircle. Leadburg, run by LeadCap Knowledge Solutions Pvt Ltd, was founded last year by Harvard alumnus Sangeeth Varghese, UN fellow and Ford […]

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Exam prep startup Unacademy raises $4.5 mn in Series A funding

UnacademyOnline learning platform Unacademy, run by Sorting Hat Technologies Pvt. Ltd., has raised $4.5 million (Rs 30 crore) in Series A funding led by Nexus Venture Partners and existing investor Blume Ventures, the company said in a statement on Friday. The platform allows educators to create courses using their app on various subjects, including exclusive […]

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