Meet the 12 startups selected for Yes Bank’s accelerator programme

Yes_Bank_Mukul-Mudgal1India’s fifth largest private sector lender Yes Bank has chosen 12 fintech startups for the inaugural cohort of its accelerator programme. The Yes Bank Business Accelerator Program was set up in collaboration with startup incubator T-Hub, startup advisory firm Anthill and fintech platform Let’s Talk Payments. The selected startups will go through a 15-week programme […]

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PickMyLaundry acquires OneClickWash in all-cash deal

LaundryNew Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneClickWash’s laundry processing unit and tech infrastructure, as well as an experienced team, to improve […]

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Qualcomm Ventures leads Series E round in IoT device maker Borqs

For-M-Wallet-Story_ThinkstockPhotos-497365385Borqs International Holding Corp, which operates Internet of Things (IoT) device developer Borqs, has raised an undisclosed amount in its Series E round of funding led by Qualcomm Ventures, weeks before the firm is set to undergo a reverse merger, it said in a statement. In December 2016, the company entered into an agreement with […]

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Supr Daily raises $120K from US-based accelerator Y Combinator

Supr-DailyMumbai-based daily consumables startup Supr Daily has raised $120,000 from US-based startup accelerator Y Combinator after it was selected as one the 12 Indian startups for the winter batch of the programme. The startup is also part of Y Combinator’s three-month mentorship programme, which ends this month, the company said in a press statement. Supr […]

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Cybersecurity startup Data Resolve raises $1 mn from IDFC-Parampara fund

Data ResolveNoida-based Data Resolve Technologies Pvt. Ltd, which runs cybersecurity and cyber intelligence startup Data Resolve, has raised over $1 million from IDFC Parampara Early Stage Opportunities Fund, said a company statement. The company will use the funds to expand its sales and tech teams, expand across India and the Middle East, and launch products, said […]

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Exclusive: Ed-tech startup Nactus raises angel funding

Pooja-Khandelwal-01Jaipur-based ed-tech startup Nactus India Services Pvt Ltd has raised an undisclosed amount from a group of angel investors, said Rohit Dusad, co-founder and CEO, Nactus. The round saw investments by Sandeep Aggarwal, managing director, Nomura; Gautam Chhaochharia, head of India, research, UBS; and R Balachandar, joint general manager, ICICI Bank, among others. Dusad, a […]

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LeEco fires 85% staff, likely to exit India

LeEco-tc_feChinese smartphone maker LeEco, which previously indicated financial strains, has fired 85% of employees in India and is likely to exit the country, according to a media report. LeEco’s two top executives—Atul Jain, chief operating officer of smart electronics business, and Debashish Ghosh, chief operating officer for internet applications, services and content—have also left the […]

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Exclusive: Chandigarh Angels Network backs social enterprise LetsEndorse

handshake-440959Bangalore-based LetsEndorse Development Pvt. Ltd, which runs online network for social causes LetsEndorse, has raised an undisclosed amount from Chandigarh Angels Network, Tata Trusts-backed Social Alpha and other unnamed angel investors. LetsEndorse will use the funds to enhance its technology footprint, expand to more geographies and build a cohesive community of doers and enablers, Varun […]

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Delhivery in talks to raise $100 mn from Carlyle, Fosun

45454575_thinkstock_feGurgaon-based ecommerce logistics firm SSN Logistics Pvt. Ltd, which operates under the brand Delhivery, is in advanced talks to raise $100 million (around Rs 667 crore) led by private equity firm The Carlyle Group with participation from Chinese conglomerate Fosun, according to a media report. If the deal goes through, it will mark the largest […]

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Nokia launches three Android phones, and a new-age 3310

Nokia-3310-range_feNokia, the iconic brand that once ruled the feature phone market, is back, and how! At the Mobile World Congress (MWC) in Barcelona on Sunday, Finnish startup HMD Global unveiled three new Android devices—Nokia 3, Nokia 5 and Nokia 6—and the good ol’, indestructible Nokia 3310 in a modern, re-calibrated avatar. The euphoria around the […]

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