BCCL invests $1 mn in m-commerce enabler OhoShop

OhoShopMedia conglomerate Bennett, Coleman and Company Ltd (BCCL) has invested Rs 6.7 crore ($1 million) in software-as-a-service (SaaS) based m-commerce enabler OhoShop mCommerce Pvt. Ltd, according to a press statement. Ahmedabad-based OhoShop, which also makes affordable mobile apps and websites for small- and mid-sized enterprises, will use the funds for marketing activity. The Economic Times […]

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BigBasket, Delhivery among winners of VCCircle Awards 2016

BigBasket_feOnline supermarket BigBasket, microlender Janalakshmi Financial Services and logistics firm Delhivery Pvt Ltd have emerged among the winners of VCCircle Awards 2016 declared on Wednesday in Mumbai. Avendus Capital won the award for the investment banker of the year while AZB & Partners triumphed among law firms. The fifth edition of VCCircle Annual Awards, which […]

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Kae Capital raises $30M second fund, backs five startups

kae_feEarly-stage investor Kae Capital has raised $30 million (Rs 203 crore) from existing and new investors as part of its second fund to invest in Indian startups. The development was reported by the Mint citing its founder and managing director Sasha Mirchandani. Mirchandani didn’t respond to phone calls seeking comment. The firm is likely to raise an […]

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Two principals quit SAIF Partners to start early-stage fund

Rohit-Jain-and-Mukul-Singhal_feMukul Singhal and Rohit Jain, principals at venture capital firm SAIF Partners, have put in their papers to set up an early-stage fund. Singhal, based in New Delhi, and Bangalore-based Jain lead early-stage investments at SAIF. The duo have worked on about a dozen deals including in companies such as ed-tech firm Toppr, household services […]

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Vertically integrated tech business will be huge, says Lightbox

Siddharth-Talwar-&-Sandeep-MurthyLightbox Management Ltd, a new VC firm floated by former Sherpalo Ventures’ India head Sandeep Murthy along with Siddharth Talwar, raised $100 million a little over a year ago and has already deployed a third of it. It also has stakes in some half a dozen firms as a result of a spinout or synthetic […]

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Mobile-only jewellery e-tailer Melorra raises $5M from Lightbox

Melorra_feOnline jewellery retailer Melorra has raised $5 million (around Rs 33.4 crore) from venture capital firm Lightbox Ventures. The funds will be utilised to develop the company’s technology, marketing and acquiring talent. Bangalore-based August Jewellery Pvt Ltd, which runs Melorra, has entered the market with an app-first strategy and will launch its website in March. […]

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Mobile-only jewellery e-tailer Melorra raises $5M from Lightbox

Melorra_feOnline jewellery retailer Melorra has raised $5 million (around Rs 33.4 crore) from venture capital firm Lightbox Ventures. The funds will be utilised to develop the company’s technology, marketing and acquiring talent. Bangalore-based August Jewellery Pvt Ltd, which runs Melorra, has entered the market with an app-first strategy and will launch its website in March. […]

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Techcircle Startup Walkabout Pit Stop IV – Nexus Venture Partners, Worli

The Worli office of Nexus Venture Partners was the fourth pit stop under the TC Walkabout, a unique initiative that was part of the Mumbai edition of Techcircle Startup Summit 2015 where participants got an opportunity to visit the offices of prominent investors, startups and companies. At Nexus, participants were greeted by co-founder Sandeep Singhal. […]

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Blackstone to buy stake in SaaS firm IBS Software for $170M

IBSGlobal private equity firm Blackstone has struck a deal to buy a minority stake in travel, transportation and logistics technology firm IBS Software from General Atlantic and other unnamed investors for $170 million (Rs 1,137.5 crore), in its second India-related investment this year. The deal also involves a primary component where Blackstone will invest into […]

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Logistics startup BlackBuck raises $25M from Tiger Global, others

BlackBuck, a business-to-business logistics startup, has raised $25 million in Series B funding from Tiger Global and other investors. Russian billionaire-investor Yuri Milner’s Apoletto fund and existing investors Accel Partners and Flipkart also put money in this round, the Bangalore-based company said in a statement. The startup, owned by Zinka Logistics Solutions Pvt Ltd, would […]

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