Exclusive: Mobile ad platform Oglas raises angel funding

Oglas raises angel fundingNoida-based mobile advertising startup Oglas has raised angel funding from two people, co-founder and chief executive Sunny Agarwal told Techcircle. Agarwal said Oglas, run by Advove Medios Pvt. Ltd, received funding from investment banker and NYU Stern alumnus Pankaj Rungta and serial entrepreneur Yogesh Agarwal. The co-founder didn’t disclose the amount raised, which it plans […]

Read more

B2B online marketplace Tolexo to lay off 300

layoff_tcOnline business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiative. The company […]

Read more

Snapdeal sellers knock govt’s doors as e-tailer struggles

SnapdealA group of sellers on online marketplace Snapdeal has approached commerce minister Nirmala Sitharaman to protect their interests as the company’s troubles mount. The All India Online Vendor Association (AIOVA), an industry group set up to safeguard sellers’ welfare, said in a letter to Sitharaman it was afraid that Snapdeal may default on payments to […]

Read more

What’s inside Aadhaar-linked Skype Lite?

skype_feSkype Lite, the 13MB video-calling app that works flawlessly even on a slow network, could well be the answer to the woes of scores of mobile users struggling to keep up with call drops and barely-workable data speeds in India. A lighter version of Skype, the video conferencing service from Microsoft, sits light on the […]

Read more

Exclusive: Dating app Vee pivots again – this time to woo SMEs

For-Vee-Dating-App-Story-TC_romantic-sun-drink-dateLightspeed Venture Partners-backed GetVee Technologies Pvt. Ltd, which operated dating app Vee, has pivoted its model for the second time to become an e-commerce enabler for small and medium enterprises (SMEs), its founder Nitin Gupta told Techcircle. “We thought of it as an interesting opportunity with the change in the ecosystem, and the government’s push […]

Read more

Why FbStart is worth a look for startups looking to jump-start their journey

Ask the startup folks, and they will tell you how tricky the first couple of years are—challenges are aplenty, capital is scarce, firefighting is perpetual and chaos is the order of the day. Besides, there is constant pressure to secure funding, a problem that seems to become even more daunting as the runway nears its […]

Read more

Photo-sharing app Vebbler selected for FbStart

For-Vebbler-Story_pexels-photo-226183Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt. Ltd, has been selected by social media giant Facebook for its FbStart programme, the startup said in a statement. Vebbler will now get $40,000 in credits, free tools and services from Facebook and its more than 30 partners including Facebook AD Credits, Amazon AWS, MailChimp […]

Read more

True Balance raises $15 mn from SoftBank Ventures Korea, others

True BalanceGurgaon-based startup True Balance, an app that allows users to check their mobile phone balance, has raised Rs 100 crore ($15 million) in a Series B round from existing investor SoftBank Ventures Korea, part of Japanese Internet conglomerate SoftBank Corp, and IMM Investment Group. Other South Korean investors such as Mega Investment, Korea Development Bank […]

Read more

News website The Ken raises $400K from angels

News website The Ken raises $400K from angelsSubscription-based news startup, The Ken, has raised $400,000 (Rs 2.68 crore) from a clutch of investors, the company said in an email statement. The participants in this round of funding include Aprameya Radhakrishna, co-founder, TaxiForSure; Deepak Natraj, managing director, Aarin Capital; Girish Mathrubootham, founder and CEO, Freshdesk; Mahesh Murthy, founder of Pinstorm and co-founder of […]

Read more

VR startup Imaginate raises $500K from SRI Capital

Hemanth Satyanarayana, CEO of ImaginateImaginate Technologies, Inc, an augmented reality (AR) and virtual reality (VR) startup, has raised Rs 3.35 crore ($500,000) in seed investment from venture fund SRI Capital, a top company executive told Techcircle. “The funds will be used to scale up operations in the US and run pilots with large-scale organisations,” Imaginate’s managing director Hemanth Satyanarayana […]

Read more