Big data company Infoworks raises $15 mn from Centerview Capital, Nexus

Amar ArsikereData warehousing company Infoworks.io Inc. has raised $15 million (Rs 98 crore) in its Series B round of investment led by Centerview Capital Technology. Existing investor Nexus Venture Partners also took part in this round, Infoworks said in a statement. As part of the investment, Ned Hooper, partner at Centerview, has joined the board of […]

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Stayzilla co-founder Vasupal arrested; wife alleges harassment by vendor

Stayzilla’s co-founder Yogendra VasupalYogendra Vasupal, the co-founder and chief executive of Chennai-based homestay booking startup Stayzilla, has been arrested by the police on allegations of non-payment of dues by an advertising agency the company worked with. The development comes barely weeks after Stayzilla shut down its operations last month. Vasupal’s wife and Stayzilla co-founder Rupal Yogendra told VCCircle […]

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ShopClues investors rally behind Radhika and Sanjay in battle against Sandeep Aggarwal

Sanjay Sethi and Radhika AggarwalShopClues investors have rallied behind the firm’s management led by Radhika Aggarwal and Sanjay Sethi in their showdown with founder and CEO Sandeep Aggarwal—the estranged husband of Radhika—who went public about their marital discord and accused her of stalling his re-entry into the company. The firm’s board has rejected Sandeep’s claims and termed his public […]

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ShopClues appoints former Zopper, Reliance execs to lead marketing, HR

Harneet-Singh_feE-commerce firm ShopClues has appointed Zopper executive Harneet Singh as vice president of marketing and Reliance executive Babu Vittal as head of human resources, a statement issued by the firm said. “Both of them come with solid experience in their respective fields and we look forward to the positive impact of their leadership, dynamism and […]

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Exam prep startup Unacademy raises $4.5 mn in Series A funding

UnacademyOnline learning platform Unacademy, run by Sorting Hat Technologies Pvt. Ltd., has raised $4.5 million (Rs 30 crore) in Series A funding led by Nexus Venture Partners and existing investor Blume Ventures, the company said in a statement on Friday. The platform allows educators to create courses using their app on various subjects, including exclusive […]

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Health-tech startup Lybrate’s CEO on building the ‘Quora’ for health and growth plans

139914cLybrate Inc. is striving to become the go-to digital platform for patients to discuss health-related issues and for doctors to connect with one another. The health-tech startup allows users to book audio, video or in-person consultations with doctors and ask health-related questions for free through its website and mobile app. The startup raised $10.2 million […]

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API-testing platform Postman raises $7 mn in Series A from Nexus

PostmanPostdot Technologies Inc., which operates Postman, an API-testing and development platform for developers has raised $7 million (Rs 46 crore) in a Series A round of funding from Nexus Venture Partners, according to statement released by the company. Postman was launched in September 2013 by Abhinav Asthana (CEO), Ankit Sobti (CTO) and Abhijit Kane (product […]

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From Pune to Sunnyvale, enterprise IT firm Druva’s journey toward raising $118 mn

Jaspreet Singh, Founder & CEO, DruvaIn the less flashy world of enterprise IT, public cloud data backup and recovery firm Druva Inc. has managed to turn the spotlight on itself in a rather short span of time. The company, which was founded in Pune eight years ago and is now based in the US city of Sunnyvale, on Wednesday announced […]

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Cloud data backup firm Druva raises $51 mn from Sequoia, others

Funding_0008Silicon Valley-based cloud backup and data protection firm Druva Inc. said on Wednesday it has raised $51 million (Rs 340 crore) in a new round of funding led by existing investor Sequoia Capital India. Singapore’s EDBI, the corporate investment arm of Singapore Economic Development Board, as well as Blue Cloud Ventures and Hercules Capital were […]

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Aim to turn profitable in six months, says Craftsvilla founder Manoj Gupta

Craftsvilla founder Manoj GuptaEthnic products e-tailer Craftsvilla has raised nearly $53 million from marquee investors such as Sequoia Capital, Nexus Venture Partners and Lightspeed Venture Partners. But the five-year-old startup, run by Kribha Handicrafts Pvt. Ltd, isn’t looking to mobilise more money anytime soon. Instead, it is turning its focus toward becoming profitable, says co-founder Manoj Gupta during […]

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