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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OYO Rooms appoints Amazon exec as CTO

Anil-Goel_OYO-CTO2Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, has appointed Anil Goel as chief technology officer, according to a press statement. Goel was previously with Amazon as the global head of technology for customer returns and reverse logistic business. Prior to that, he was the CTO for Hike Messenger. Goel has […]

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Ankur Warikoo working on a new script for Nearbuy

Ankur WarikooAn old lady runs through the narrow corridors of a slum, chasing two thieves, who had apparently robbed her bag. Twenty seconds into the chase, the old lady grabs them and hits them on to the ground. The video ends with a message – “Karate classes for just Rs 149.” This was the advertisement of […]

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Good news for startups: 36 new funds with $1.65 bn in pocket to begin shopping soon

pocket_moneyThe investment tide that ebbed in 2016 is likely to turn in 2017. As investors turned cautious this year refusing to part with their cash, and in turn, leaving a crunch in the market that saw startups as well as small and medium enterprises gasping for funds, there are indications that a new dawn is […]

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SaaS startup Zarget raises $6 mn in Series A funding

funding-by-mukul-(3)2Chennai-based software-as-a-service (SaaS) provider Zarget has raised $6 million (Rs 40 crore) in its Series A round of funding, led by venture capital firm Sequoia Capital India. Existing investors Accel Partners and Matrix Partners also took part in this round, the company said in a statement. Osmnez Technologies Pvt. Ltd, which runs the conversion rate […]

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Freshdesk raises $55 mn from Sequoia, Accel Partners

For-Freshdesk-Story-TC_ThinkstockPhotos-518428665Freshdesk Inc., which provides cloud-based customer engagement software, has raised $55 million (Rs 366 crore) in its Series F funding round led by Sequoia Capital India and existing investor Accel Partners. The company will use the money for launching new products and global expansion, it said in a statement on Tuesday. Girish Mathrubootham, founder and […]

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Grofers launches desktop website after app-only model

GrofersTiger Global-backed grocery delivery firm Grofers India Pvt. Ltd has launched its desktop website on Thursday. The company just had an app-based model so far. The move comes at a time when the Gurgaon-based startup is struggling with margins and unit economics. “Launching Grofers website on desktop – Grofers.com. Best offers, wide assortment & home […]

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Vernacular news aggregator DailyHunt raises $25 mn from China’s ByteDance

Virendra-Gupta,-founder,-Ver-Se’-Innovation2Ver Se’ Innovation Pvt. Ltd, which runs vernacular news aggregator DailyHunt, has raised $25 million (Rs 168 crore) in a fresh round of funding from Chinese content provider ByteDance, it said in a statement. The Bangalore-based company said Arun Sarin, former CEO of Vodafone, and existing investors Matrix Partners, Sequoia Capital India, Omidyar Network and […]

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Morgan Stanley, Goldman Sachs to be lead bankers for Snapchat’s IPO

snapchatPhoto messaging service Snapchat is all set to hit the markets. With its initial public offering slated for March, Snap Inc, Snapchat’s parent, has shortlisted banks to lead and manage the exercise. Morgan Stanley and Goldman Sachs Group will lead the offering, a report by news agency Bloomberg citing unnamed sources stated. Besides these, J […]

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We are bullish about Mu Sigma: General Atlantic’s Sandeep Naik

Sandeep NaikUS-based private equity firm General Atlantic has no plans for a stake sale in Mu Sigma led by Dhiraj Rajaram, a top official told VCCircle. Sandeep Naik, head of General Atlantic’s (GA) India and Asia- Pacific business said that GA has not approached Canadian Pension fund CDPQ for a stake sale in Mu Sigma. The […]

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