Exclusive: Jewellery e-tailer Johari Shop goes omni-channel, gets angel funding

Johari ShopJewellery e-commerce marketplace Johari Shop has raised $94,000 (Rs 62.5 lakh) from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The company will invest the capital to work on its omni-channel strategy that would start with the launch of its first brick-and-mortar store in Bangalore’s VR […]

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Clean-tech startup igrenEnergi raised funding from Japanese investors

solar-(3)igrenEnergi Inc, a US-based solar energy startup incubated at the Indian Institute of Technology-Bombay, has raised an undisclosed amount of funding from Japan’s BroadBand Tower Inc and GiTV. BroadBand Tower operates data centres and provides cloud services to e-commerce companies, video distribution sites and social media, according to its website. GiTV is an investment fund […]

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Ventureast floats early-stage fund to back health-tech startups

health-tech startupsEarly-stage investor Ventureast Fund Advisors India Ltd is raising a new $4 million ($26.6 crore) fund to make angel and seed investments in digital healthcare startups. This fund is an “independent initiative” as part of the healthcare series, a company spokesperson told VCCircle on Friday. “We got the idea of raising this fund as our […]

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Exclusive: Mobile ad platform Oglas raises angel funding

Oglas raises angel fundingNoida-based mobile advertising startup Oglas has raised angel funding from two people, co-founder and chief executive Sunny Agarwal told Techcircle. Agarwal said Oglas, run by Advove Medios Pvt. Ltd, received funding from investment banker and NYU Stern alumnus Pankaj Rungta and serial entrepreneur Yogesh Agarwal. The co-founder didn’t disclose the amount raised, which it plans […]

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Freshdesk plays catch-up with Zoho and Salesforce, launches app marketplace

freshdeskChennai-based Freshdesk Technologies Pvt Ltd has launched its own app marketplace for developers and clients, the company said in a press statement. The marketplace allows customers to discover and install apps and helps maximise the capabilities of their helpdesk. Developers can earn revenue through integrations and extensions. It enables flow of information between Freshdesk and […]

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Get My Parking raises $1.1 mn from IAN, others

parkingCloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal. The startup will invest the fresh funds to deploy its integrated smart parking platform, it said in a […]

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Swedish investor Kinnevik to sell half its stake in Rocket Internet

KinnevikSwedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket Internet SE. It plans to sell nearly 10.9 million shares, representing 6.6% of Rocket Internet’s issued share capital, to institutional investors at €19.25 per share, Kinnevik said in a statement on Wednesday. “Kinnevik’s gross proceeds […]

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Curated marketplace TheBagTalk aspires to become BuzzFeed for Bags

Looking for a carry-on bag that turns into a kick scooter to help you manoeuvre large airports? Or a line of sports bags designed by yesteryears’ popular cricketer Jonty Rhodes or TV host and actor Rannvijay Singh? The soon-to-be-launched TheBagTalk, which claims to be the country’ first ever curated marketplace exclusively for bags and luggage, […]

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FreeCharge CEO Govind Rajan quits

Govind RajanFreeCharge chief executive officer Govind Rajan has resigned from the company just nine months after he was appointed to lead the Jasper Infotech-owned digital payments subsidiary. “It has been a unique privilege to helm FreeCharge in these exciting times of rapid growth and user-focussed innovation. I am confident that FreeCharge will achieve still greater heights […]

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Fin-tech sees sharp funding slowdown, but there’s a silver lining: KPMG

IDG, Accion to invest more in CreditMantriVenture capital (VC) investments in India’s fin-tech sector nosedived to a mere $216 million in 2016, a far cry from the previous year’s $1.6 billion, according to KPMG International’s quarterly report on global fin-tech investment that was released Wednesday. “This decrease highlights the impact a lack of mega deals can have on a country as […]

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