Flashback 2016: Bangalore tops VC funding, Delhi-NCR catches angels’ fancy

For-Year-2016-Story_ThinkstockPhotos-509919198_feKarnataka, home to the country’s startup capital, Bangalore, cemented its position as the region attracting the highest amount of venture capital and overall startup funding in 2016. The southern state recorded $341 million in total announced value of startup investments across 201 deals this year, according to VCCEdge, the data research arm of News Corp […]

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Flawed business model or funding crunch: What led to startup shutdowns?

startups_feThe startup euphoria that was evident in 2015 seems to have subsided in 2016 with the demise of several well-funded ventures such as PepperTap, Intelligent Interfaces, Fashionara, Purple Squirrel and Flashdoor. According to a Techcircle analysis, at least 32 funded tech startups reported shutting down their operations in the first 11 months of 2016 compared […]

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One funded Indian tech startup shut shop every 10 days this year

ThinkstockPhotos-511734232Well begun, as they say, is half done. By that measure, startups that managed to raise funding from marquee investors such as Sequoia Capital, Matrix Partners and Helion Ventures even before they began to earn revenue would surely have been on the path to success. But, a beginning however great is just that—a beginning. And […]

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Laundry startup UClean raises seed funding from Franchise India

LaundryGurgaon-based UConcepts Solutions LLP, which owns tech-enabled laundry service provider UClean, has secured an undisclosed amount in seed funding from franchise and retail solution group Franchise India, it said in a statement. The startup will use the funding to build more than 500 laundromats in five years, it said. The first store will be opened […]

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Exclusive: Virtual health clinic for women Celes Care raises $1 mn from Endiya Partners

Raghu Bathina, co-founder & CEO, Celes CareCeles Care, a Hyderabad-based virtual health clinic for women, has received around $1 million (Rs 6.7 crore) in a seed round of funding from early-stage venture capital firm Endiya Partners and a few affluent individuals, a person close to the development told TechCircle. The company aims to use the funds for technology enhancement, marketing and […]

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