Housejoy FY16 losses widen 20-fold on higher ad spend, employee costs

home_feHome services startup Housejoy’s revenue rose nearly 32 times in FY16, but losses also went up 20-fold as employee costs soared and the company spent more on advertising and promotions. The company, run by Sarvaloka Services On Call Pvt. Ltd, reported total revenue of Rs 17.1 crore against Rs 54.43 lakh in the previous year, […]

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Mobile B2B marketplace Wydr raises Series A funding

WydrMobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round. The company will utilise the funds to expand its seller base across wholesale hubs and introduce new […]

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BigBasket targets 45% revenue from private labels by March 2017

BigBasketThe country’s top online grocer, BigBasket, is ramping up its private label business eyeing higher margins. It expects private labels to contribute 45% to its overall revenue by March next year; currently, that number stands at 33%. Over the next three months, the Bangalore-based company will expand its private label offerings to non-food categories and […]

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Second-hand goods marketplace Zefo raises $6 mn from Sequoia, others

ThinkstockPhotos-4950598412Bengaluru-based Zero Effort Technologies Pvt Ltd, which runs second-hand goods marketplace Zefo, has raised $6 million (Rs 40 crore) in series A round of funding led by Sequoia India, with participation from venture capital firms Beenext and Helion Ventures, which is also an existing investor. Zefo sells used products, which are verified by the site. In […]

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Zomato hires banker for fresh fundraise, plans to set up cloud kitchens

zomatoGurgaon-based restaurant listing and food delivery firm Zomato Media Pvt. Ltd has hired investment bank Morgan Stanley for its next fundraise, according to a spokesperson of the company.  Further details were not revealed. In its last funding round in September 2015, the company had raised $60 million from Singapore government’s investment firm Temasek and existing […]

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Matrimony.com all set to get listed in November; plans to raise Rs 550 cr through IPO

Murugavel-Janakiraman2Matrimony.com Pvt Ltd, which owns Bharat Matrimony.com and a clutch of other matrimony related consumer internet platforms, is ready to get listed by November, says its founder and CEO Murugavel Janakiraman. The company had filed its draft red herring prospectus (DRHP) with India’s securities market regulator SEBI for an Initial Public Offering (IPO), in August […]

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Mukesh Bansal joins food-tech startup Swiggy’s board as advisor

Bengaluru-based Bundl Technologies Pvt. Ltd, which owns and operates online food ordering platform Swiggy, has roped in Myntra’s founder Mukesh Bansal as a strategic advisor. “His (Bansal’s) role in building an incredible product and scaling private brands at Myntra will prove to be beneficial for Swiggy as it runs a host of initiatives to solve […]

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