Booking.com launches accelerator programme for startups in sustainable tourism

For-Booking_feAccommodation booking website Booking.com has launched a new accelerator initiative, the Booking Booster Programme, for startups in the tourism segment. The three-week programme, which will be held in June 2017 in Amsterdam, will see between eight and 12 startups being shortlisted, the company said in a statement. The purpose of the programme is to identify, […]

Read more

Used car marketplace Truebil raises $3 mn from Chinese VC fund

CarcrewTruebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital. The amount will fund the company’s expansion plans, apart from streamlining its operations. Part of the money raised will also go into skill development and upgrading […]

Read more

Used car marketplace Truebil raises $3 mn from Chinese VC fund

CarcrewTruebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital. The amount will fund the company’s expansion plans, apart from streamlining its operations. Part of the money raised will also go into skill development and upgrading […]

Read more

Amazon to set up two customer service facilities in Coimbatore, Noida

Amazone_shshAmazon Development Centre (I) Pvt. Ltd has announced plans to open two new customer service facilities in Coimbatore and Noida, taking the total number of such facilities in India to five. It has two sites in Hyderabad and another in Pune, which opened in 2015. “Both Coimbatore and Noida are fast-growing, vibrant cities with a […]

Read more

Two of three Indian startup founders say there is a ‘bubble’: InnoVen Report

report-tc-leadAlmost 65% founders and CXOs at Indian startups feel the ecosystem is in a bubble, and close to one in five among those (18%) feel the bubble is close to bursting, says India Startup Outlook Report 2017 released by venture debt firm InnoVen Capital. The report, which draws on startup leaders’ perspectives on matters such […]

Read more

Expect gross booking value to rise five-fold in two years, says Treebo Hotels’ Gupta

Sidharth-Gupta_01_feSidharth Gupta, co-founder of tech-focussed budget hotel chain Treebo Hotels, feels these are great times for the industry as rising incomes, lifestyle changes and digitisation are prompting more middle-class consumers to travel. Gupta had set up Treebo, operated by Ruptub Solutions Pvt. Ltd, in March 2015 along with Rahul Chaudhary and Kadam Jeet Jain. He […]

Read more

Infibeam set to merge payment gateway firm CCAvenue with itself

For-Quickr-Story_ThinkstockPhotos-519528974Infibeam Incorporation Ltd has entered into a pact to merge CCAvenue with itself in a deal that is expected to value the payment gateway firm at Rs 2,000 crore ($298 million). The e-commerce company, which already owns 3.85% in Avenues India Pvt. Ltd-run CCAvenue through subsidiary NSI Infinium Global, will acquire another 7.5% stake in […]

Read more

Jugnoo launches taxi aggregation amid strike by Ola, Uber drivers

JugnooSoCoMo Technologies Pvt. Ltd, which runs on-demand delivery services startup and auto rickshaw aggregator Jugnoo, has announced its entry into the taxi aggregation business at a time when key players in the segment are facing drivers’ ire over diminishing incentives and low earnings. “We have come up with a strategy to provide taxi services at […]

Read more

Holiday marketplace TravelTriangle raises $10 mn in Series B funding

TravelTriangleOnline travel agent marketplace TravelTriangle has raised $10 million in Series B funding led by Singapore-based RB Investments. The funding round also saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners. Noida-based Holiday Triangle Travel Pvt Ltd, which runs TravelTriangle, will use the funds to accelerate growth, expand operations […]

Read more

Online lending startup Capital Float raises $2.5 mn from IFMR Capital

ThinkstockPhotos-515894208Online lending platform Capital Float, operated by Bangalore-based Zen Lefin Pvt Ltd, has raised Rs 17 crore ($2.5 million) from Chennai-based non-banking financial company IFMR Capital Finance and its alternative investment fund by allotting non-convertible debentures (NCDs), a company spokesperson said. Capital Float, founded in 2013 by Stanford University alumni Sashank Rishyasringa and Gaurav Hinduja, […]

Read more