ShopClues looks to raise $75-100 mn in pre-IPO round

ShopCluesClues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday. The transaction is expected to be a mix of primary and secondary components, The […]

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Exclusive: Virtual reality startup ShilpMIS raises angel funding

Virtual reality startup ShilpMIS raises angel fundingSurat-based ShilpMIS Technologies Pvt. Ltd has raised an undisclosed amount in funding from Puneet Gupta, a digital industry veteran and angel investor, Nimitt Desai, partner at Deloitte US, and other high net worth individuals (HNIs), a top company executive told VCCircle. Founded earlier this month by IIT Guwahati graduates Hardik Desai and Vivek Bhargav, ShilpMIS […]

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Big data company Infoworks raises $15 mn from Centerview Capital, Nexus

Amar ArsikereData warehousing company Infoworks.io Inc. has raised $15 million (Rs 98 crore) in its Series B round of investment led by Centerview Capital Technology. Existing investor Nexus Venture Partners also took part in this round, Infoworks said in a statement. As part of the investment, Ned Hooper, partner at Centerview, has joined the board of […]

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China-based Cyber Carrier invests in healthcare startup MyDermacy

MyDermacy1Health startup MyDermacy has raised an undisclosed amount of funding from Chinese venture capital firm Cyber Carrier, a report in a financial daily stated. The investor has acquired 15-18% stake in the company in this pre-Series A round, which also saw participation from MyDermacy’s existing investors, The Economic Times reported citing people aware of the […]

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Realty consultancy Coldwell acquires property portal Favista

For-Coldwell-Acquisition-Story-VC_ThinkstockPhotos-468340908Real estate consultancy firm Coldwell Banker India Pvt Ltd has acquired property search site Favista.com in an all-stock deal, the company said in a statement. Favista’s assets, IP and employees will become part of Coldwell. The realty broking firm’s brokerage arm will also be absorbed by the company. However, Favista.com will continue to function as […]

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Former Snapdeal product head backs online funding platform LetsVenture

Anand_feFormer chief product officer at Snapdeal Anand Chandrasekaran has invested in Bangalore-based IndiePitch Solutions Pvt. Ltd, which runs online funding platform LetsVenture, according to a press statement. LetsVenture also allows startups to get their business plans reviewed by experts and helps them connect with mentors. The firm’s legal partner is Bangalore-based K Law, which helps […]

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AI to be major focus for data science, business intelligence in firms: PwC report

For-Budget-2017-IT-Sector-Story_ThinkstockPhotosArtificial intelligence will be available for mass adoption in the domains of data science (9.6%) and business intelligence (7.8%) in industries and organisations, a report by consulting firm PwC has stated. The report, titled ‘Artificial Intelligence and Robotics – 2017: Leveraging artificial intelligence and robotics for sustainable growth’, analysed the areas in public and private […]

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Axis Bank limits support for Snapdeal’s seller financing programme

For-Axis-Bank-Story_Shah-Junaid_tc_feAxis Bank has withdrawn its credit limit to some sellers on e-commerce firm Snapdeal’s platform over falling sale numbers, a report by a financial daily stated. The private sector lender even asked sellers to repay outstanding loans, an Economic Times report stated. The merchants had availed loans through Snapdeal’s Capital Assist programme. “What we have […]

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Snapdeal’s potential fundraise from Softbank may cut its valuation in half

Snapdeal-by-Shah-Junaid_AE-commerce firm Snapdeal is in talks to raise funds from existing investor Softbank, which could see its valuation fall below $3 billion, a financial daily reported on Wednesday. Jasper Infotech Pvt. Ltd., which runs Snapdeal, is looking to raise approximately $300 million, of which $100-150 million could be from SoftBank, a report by The Economic […]

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Star India makes strategic investment in media tech startup Zapr

Star India makes strategic investment in media tech startup Zapr21st Century Fox-owned broadcaster Star India Pvt Ltd has picked up a minority stake in Bangalore-based media tech company Zapr Media Labs, a press statement issued by the firm stated. The two companies will be working together to create technology to help brands better understand mobile audiences, the statement added. The Economic Times reported that […]

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