On-demand delivery startup ShadowFax raises $10 mn

ShadowFax32Hyperlocal logistics startup ShadowFax Technologies Pvt. Ltd has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. The investment will help Shadowfax build its network, consolidate its market position and stabilise performance in existing cities, Eight Roads said in a […]

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How much stake founders Kunal Bahl, Rohit Bansal own in Snapdeal?

Kunal Bahl and Rohit BansalSnapdeal founders Rohit Bansal and Kunal Bahl together own just 6.38% of the e-commerce firm, a fourth lower than what they held in the company two years ago. CEO Bahl owns 3.94% of Snapdeal while chief operating officer Bansal holds 2.44%, according to a report by Mint on Friday, citing documents with the Registrar of […]

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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Event_0Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms, welcomed the move saying it will pave the way for digital […]

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What Snapdeal CEO Kunal Bahl’s $100 mn investment plan in fashion means?

Kunal BahlSnapdeal co-founder and chief executive Kunal Bahl recently said something that took industry watchers by surprise. At an event in IIM-Calcutta on Monday Bahl said that Snapdeal would invest $100 million within a year to boost fashion retailing, emphasising the company’s focus on fashon. “In the next few months we will make some big moves […]

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Century Textiles entangles Snapdeal and its founders in ‘Dhoti’ case

Court_Copyright_ThinkstockPhotos-4828287043Century Textiles and Industries Ltd has filed a case against e-commerce marketplace Snapdeal, its founders Rohit Bansal and Kunal Bahl, and KK Modi Group company Modicare Ltd in the Bombay High Court for trademark infringement of one of its products. The Mumbai-based BK Birla Group company has alleged that Modicare is selling Dhoti, a garment […]

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Why Freecharge badly needs a recharge

Freecharge-Investment_Shah-Junaid2The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of developments at Jasper Infotech […]

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Anupam Mittal, Rajan Anandan, Kunal Shah & Zishaan Hayath among top angel investors in Q3

top 10 angel investorsAngel investors in the country have kept funds flowing for startups at a time when venture capital investors seem to be holding back. In the first nine months of 2016, the value of investments has declined significantly across all investment categories such as private equity and venture capital but angels and seed funds continue lending […]

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Online B2B marketplace Bharat Bazaar gets funding from BeeNext, others

bharatbazaar1Mumbai-based White Shadow Technology Pvt. Ltd that operates online business-to-business (B2B) marketplace Bharat Bazaar has raised an undisclosed amount in seed funding from a clutch of investors. The investors participated in the round included BeeNext, a Singapore-based early-stage technology fund; TV Mohandas Pai, chairman, Manipal Global Education Services and Aarin Capital; and Kunal Shah and […]

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