Enterprise payments firm Airpay secures Series A funding from Kalaari Capital, others

For-Airpay-Fundraise-Story-TC_ThinkstockPhotos-505770038Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari Capital and existing investors Rakesh and Rajesh Jhunjhunwala. The company, operated by Airpay Payment Services Pvt. Ltd, will use the funds to build its technology, sales, distribution and support infrastructure to expand its […]

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Key takeaways from Airbnb CEO Brian Chesky’s India visit

Home-sharing company Airbnb Inc has introduced a new offering in India, as it seeks to expand its operations in a market that is still tiny but growing rapidly. The company, whose online rental listings range from private rooms to manors and islands, launched the Trips platform during the visit of co-founder and CEO Brian Chesky […]

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Social fitness app Fitso raises $200K from former Flipkart exec, others

fitnass11Gurgaon-based Jogo Technologies Pvt. Ltd, which runs health and fitness app Fitso, has raised $200,000 (Rs 1.3 crore) in angel funding from a clutch of investors including former president – operations at Flipkart Sujeet Kumar, Intelenet Global Services CEO Bhupender Singh and PolicyBazaar CEO Yashish Dhaiya via fund-raising platform LetsVenture. The company will use the […]

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Facebook selects dating app Matchbox for FbStart programme

Facebook selects dating app MatchboxDating app Matchbox has been selected by social media giant Facebook Inc. for its early-stage startup mentorship programme FbStart, under the Bootstrap track, the company said in a statement. Founded in 2015 by Jude Pereira, the Mumbai-based company connects people through similar tastes in music, which serves as an ice-breaker. It has over 250,000 songs […]

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Zone Startups launches second cohort of accelerator programme

people-woman-coffee-meeting_feMumbai-based technology startup accelerator Zone Startups India has launched the second cohort of its empoWer programme aimed at women entrepreneurs in technology businesses, it said in a statement. Launched in April last year, empoWer is backed by the Department of Science and Technology; GIZ, a German firm that supports initiatives for sustainable development; Vodafone India; […]

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Exclusive: Car repair aggregator BookServicing raises seed funding

For-Bookservicing-Story-TC_antique-1868726_1920StatSoft Technologies Pvt Ltd-run online car servicing platform BookServicing has raised Rs 20 lakh ($30,000) in seed funding from the National Science and Technology Entrepreneurship Development Board (NSTEDB), a government arm that promotes tech enterprises. “The funds will be used for developing solutions for optimising operational inefficiencies in the automotive aftermarket and enhancing car owning […]

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CherishX, Touchkin and mShipper selected for Facebook’s FbStart programme

facebookSocial media giant Facebook has selected express delivery platform mShipper, healthcare firm Touchkin and dating experiences platform CherishX for its FbStart programme, the companies told VCCircle. The startups will receive up to $40,000 from Facebook and its 30 partners, including Amazon, UserTesting, Dropbox and MailChimp. Besides, they will get free access to more than 25 […]

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Rural India to drive next phase of growth in internet usage: IMAI-IMRB report

For-Softbank-Story-Thumbnail_ThinkstockPhotos-511072562Despite a moderation of growth in urban internet usage, the number of Indian users will cross 450 million by June, says a report, Internet in India 2016, jointly published by Internet and Mobile Association of India and Indian Market Research Bureau. The report says while urban India has close to 60% internet penetration, rural areas […]

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Scalability, innovation & digitisation to define entrepreneurship: CII-KPMG report

ThinkstockPhotos-481195055Changing customer preferences, digitisation and competition are pushing entrepreneurs to innovate on a dynamic basis, a report by CII-KPMG titled Entrepreneurship, growth, and opportunities – 2017 has said. The report also mentions that in order to build scalable and sustainable businesses, entrepreneurs need to constantly enhance processes, adopt new technologies and ensure their workforce is […]

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Lending startup RedCarpet raises $2.5 mn from Lightspeed

raised-thinkstock_feGurgaon-based micro-lending startup RedCarpet Tech Pvt Ltd has secured $2.5 million (Rs 16 crores) in a funding round led by venture capital firm Lightspeed Venture Partners, according to a financial daily. The funds will be deployed for improving the technology used for risk evaluation, adding new student-lending features, appointing data scientists and increasing market penetration, […]

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