Practo raises $55 mn in Series D round led by Tencent

PractoDigital healthcare platform Practo has raised $55 million in Series D funding led by existing investor China’s Tencent. Practo Technologies Pvt Ltd, which runs a doctor-appointment site and offers an ad platform to clinics, hospitals and diagnostic centres, also saw participation from three new investors—Russian venture capital (VC) firm ru-Net, Japan’s Recruit Holdings’ investment arm […]

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Exclusive: Ed-tech startup Byju’s to acquire gaming apps in US for up to $30 mn

Byju Raveendran, founder and chief executive of Byju’sBangalore-based ed-tech startup Byju’s, incorporated as Think & Learn Pvt. Ltd, is scouting for acquisitions in the US to accelerate its international expansion. The company is evaluating a couple of gaming and learning apps that cater to the lower grades, starting from kindergarten. Byju Raveendran, founder and chief executive of Byju’s, told TechCircle that the […]

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Top developer floats fund to back realty-tech startups

For-Lodha-Group-Investment-Story-TC_ThinkstockPhotos-516398784Real estate developer Lodha Group has launched its maiden investment fund for startups focussing on smart city solutions and the overall realty sector. Launched with an initial investment corpus of Rs 50 crore, the fund will not only provide angel funding and venture capital, but also business opportunities, industry contacts and mentorship, Lodha Group said […]

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Self-drive car rental firm Zoomcar tops up Series B round

Zoomcar1Self-drive car rental startup Zoomcar has raised an undisclosed amount of investment from Chinese venture capital firm Cyber Carrier CL, expanding its Series B round. Zoomcar Inc. had raised $24 million from Ford Smart Mobility LLC and existing investors Sequoia Capital, Empire Angels, OurCrowd and Nokia Growth Partners. Greg Moran, cofounder and CEO of Zoomcar […]

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Self-drive car rental firm Zoomcar tops up Series B round

Zoomcar1Self-drive car rental startup Zoomcar has raised an undisclosed amount of investment from Chinese venture capital firm Cyber Carrier CL, expanding its Series B round. Zoomcar Inc. had raised $24 million from Ford Smart Mobility LLC and existing investors Sequoia Capital, Empire Angels, OurCrowd and Nokia Growth Partners. Greg Moran, cofounder and CEO of Zoomcar […]

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PressPlay co-founder Anand Sinha joins FreeCharge

10377429_10152617238857772_192189687037188245_nSnapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in addition to working on several strategic initiatives for the firm, the company said in a press statement. Sinha […]

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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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Why enterprise SaaS firm SirionLabs plans to sharpen focus on India

For-SirionLabs-Story_ThinkstockPhotos-178976393_feSirionLabs Pvt Ltd, an enterprise software-as-a-service (SaaS) provider which has most of its clients in the US and Europe, plans to aggressively push its products in India in the next 12 to 18 months, a top executive said. The Michigan, US-based company helps clients manage services contracts. It has so far been catering to the […]

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Indonesian unicorn Go-Jek sets up engineering facility in Bengaluru

For-Go-Jek-Story_ThinkstockPhotos-470318460Jakarta-based ride-hailing and on-demand services startup Go-Jek has opened an engineering facility in Bengaluru, the company announced on Thursday. But the founder and CEO of the company Nadiem Makarim, who is a Harvard Business School graduate, told Techcircle that it has no immediate plans to enter the ride-hailing market in the country. Go-Jek, which is […]

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Truecaller appoints LinkedIn’s Tejinder Gill as India head

Tejinder Gill,Vice President - Sales & Head of India Operations, TruecallerCaller identification app Truecaller has hired Tejinder Gill, former national sales manager of LinkedIn, as its vice president of sales and head of India operations. Gill will build monetisation strategies and run the India operations, the company said in a statement on Tuesday. He replaces Kari Krishnamurthy, who will be moving to the company’s Stockholm […]

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