Weekly roundup on startup funding

Untitled-2Indian startups saw a lot of funding activity in the week gone by with as many as 20 companies receiving angel, seed or venture capital. Bengaluru-based WeHive Technologies Pvt Ltd, which runs parenting social network TinyStep, raised $2 million in a fresh round of funding from existing investor Flipkart. In other deals, Mumbai-based online marketplace […]

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Chandrasekarans in startup world: It’s resolve, not the IIT-IIM tag, that matters

The elevation of Tata lifer N Chandrasekaran as chairman of India’s most revered corporate group—the $103-billion salt-to-software conglomerate Tata Sons—begs the much-debated question: Does one’s college pedigree matter? Corner offices at top business houses, both in India and abroad, are usually occupied by alumni of global business schools and leading engineering colleges. But Chandra, or […]

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Not sure where to go on your next date? Head to CherishX

CherishXIt was a regular day for Anika Agarwal, a communication designer. As usual, she was browsing through Facebook and came across an advertisement. She would typically not pay much attention to such ads, except this time it caught her eye. It promised discovery, personalisation and booking of activities and experiences ranging from a romantic Armenian […]

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Kalaari Capital-backed Eatfresh shuts down retail food delivery

For-Eatfresh-Story_stop-shield-traffic-sign-road-sign-39080Internet-first restaurant brand Eatfresh, owned and operated by Chennai-based Ubiquitous Foods Pvt Ltd that also runs the bakery chain Ovenfresh, has shut down its retail food delivery services. According to a message on the website, the company has stopped its on-demand meal delivery service, but will continue to take bulk orders. “Dear customers, we no […]

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How incubators in India are helping startups grow

For-Startup-Incubators-Story_people-coffee-tea-meeting_feFor Anand Shahani, founding WedMeGood, an online wedding planning portal, in 2014 was just the beginning. Within a few months, he realised that he needed networking and mentoring to take the business in the right direction. After much deliberation, he decided to knock at the doors of 91SpringBoard, a Delhi-base co-working space and incubation center. […]

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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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Exclusive: Meet the finalists of the UberPITCH 2016 challenge

startupxseed3At least 10 startups ranging from a travel marketplace to an ambulance provider are the finalists of the UberPITCH 2016 challenge in India, according to an entrepreneur whose startup made it to the list. Cab-hailing app Uber Technologies Inc., along with India’s commerce ministry, had launched a pan-India startup challenge that would help entrepreneurs of […]

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Exclusive: Android utility app SooperMo raises seed funding

SooperMoAndroid utility app suite SooperMo, operated by Gurgaon-based StarxSoft Technology Pvt. Ltd, has raised $100,000 (Rs 67 lakh) in seed funding from Dubai-based entrepreneur Lalit Vase. Vase is the chief executive of Red Entertainment Distribution FZCO, a distributor of interactive entertainment software in the Middle East region. The startup plans to use the capital raised […]

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Food-tech startup InnerChef raises $2.5 mn led by Mistletoe Japan

For-InnerChef-Story_feGurgaon-based food-tech startup InnerChef Pvt. Ltd has raised $2.5 million (Rs 16.77 crores) in an investment round of funding led by Mistletoe Japan. The existing investors also participated in the funding round along with M&S Fund Singapore. Started in 2015 by Rajesh Sawhney, Sanjeev Singhal and Bal DiGhent, InnerChef offers ready-to-eat meals, ready-to-cook meals and […]

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Weekly startup funding tracker: Non-metro firms steal the show

startup funding trackerThe week gone by saw eight startups being funded, of which three are based in non-metros, including Jaipur, Indore and Ahmedabad. Interestingly, possibly only for the second time, an Indian bitcoin exchange—Bengaluru-based Unocoin Technologies—received startup funding. Unocoin pocketed $1.5 million in a pre-Series A round led by Blume Ventures. Indore’s outstation taxi marketplace InstaCar raised […]

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