Bluestone narrows revenue gap with Caratlane

For-Bluestone-CarrotLane-Results-Story-TC_ThinkstockPhotos-454983451The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore for 2015-16 from Rs 120.4 crore the […]

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YourStory raises $3 mn in fresh funding; FY16 revenue soars

Invest_feBengaluru-based digital media company YourStory Media Pvt. Ltd, which runs YourStory.com, has raised $3 million (about Rs 20 crore) in a fresh round of funding, filings with the Registrar of Companies (RoC) show. Existing investors Kalaari Capital Partners III LLC, Qualcomm Asia Pacific Pte Ltd, 3ONE4 Capital Advisors LLP and UC-RNT Fund took part in […]

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Storm in Bombay House over, Ratan Tata to resume startup investing soon

VCCircle_Ratan_TataTata Sons interim chairman Ratan Tata has said he would go back to investing in startups this month after handing over the reins of the Tata group to N Chandrasekaran, managing director and chief executive of Tata Consultancy Services (TCS), who will formally take over on 23 February. After retiring as the head of Tata […]

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Flashback 2016: The top angel investors in India

Dheeraj-Jain-&-Anand-ChandrasekaranDheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, and former Snapdeal product head Anand Chandrasekaran were among India’s top angel investors this year by number of deals they disclosed. Both investors have backed more companies this year than last. Jain closed 23 deals in 2016 versus eight in 2015, and Chandrasekaran added 20 […]

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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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Tata Sons to launch startup incubator in Pune or Bengaluru

Tata Sons chief technology officer Gopichand KatragaddaTata Sons Ltd, the holding company of the diversified Tata Group, is setting up a startup incubator in Pune or Bengaluru to offer early-stage ventures better visibility to its group companies, according to a media report. The company is defining the process and laying out the blueprint for the incubator, The Economic Times reported, citing […]

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Exclusive: Bitcoin startup Zebpay in talks to raise funds

FundZebpay, a bitcoin exchange platform and mobile wallet, is in talks to raise $3 million (Rs 20 crore) to upgrade its servers and enhance its security in order to handle large trade volumes. US-based Pantera Capital, a bitcoin investment firm, will be part of the funding round but it will be led by an India-based […]

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FirstCry acquires BabyOye; raises $34 mn

For-BabyOye-Story-TC_ThinkstockPhotos-5093732262Online baby products retailer FirstCry has agreed to acquire auto-to-software conglomerate Mahindra & Mahindra Ltd’s baby-care business BabyOye in a cash-and-stock deal that will help it consolidate its presence in the growing segment through an omni-channel strategy. The deal is worth Rs 362.1 crore ($54.3 million), M&M said in a stock-exchange filing over the weekend. […]

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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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Weekly Startup Tracker: Few Series A rounds, several angel & seed funding

Oct-7-startup-dataThe week gone by saw as many as 20 startup funding deals, more than twice as many as during the previous week. Bengaluru airline ticketing aggregator Mystifly, Ratan Tata-backed B2B industrial products marketplace Moglix and food-tech startup InnerChef raised Series A funding rounds. As has been the general trend, angel and seed funding dominated startup […]

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