Bike taxi operator Rapido rebrands rider app to ramp up network

RapidoBike taxi operator Rapido has rebranded its rider app to Rapido Captain as it looks to get more riders on its network and strengthen its positioning as a pooling platform. The app was earlier called Rapido Partner. Using Rapido Captain, riders can join the startup’s bike-pooling network. The customer-facing side of the app, however, will […]

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Handicraft marketplace Direct Create raises funding

4545454545_feJaipur-based Rajasthan Venture Capital Fund (RVCF) has invested an undisclosed amount in Direct Create Private Limited (DC), an online and offline B2B marketplace that brings together artisans, designers and buyers, according to a press statement. “RVCF has invested in Direct Create through its third investment vehicle, RVCF India Growth Fund, which has a target corpus […]

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IoT startup Tyre Express raises seed investment from HNIs

IoT-startupEnterprise IoT solutions startup Tyre Express Pvt. Ltd. has raised an undisclosed amount in its seed round from IIT Delhi and Wharton alumni, the company said in a statement. Tyre Express was founded in November 2015 by Anju Gupta, an alumnus of S P Jain Institute of Management and Research, and Brijesh Shukla, an alumnus […]

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Data analytics startup Connaizen gets pre-seed funding, may raise more next month

For-10i-SellX-Story_coins-1015125_1920Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount in pre-seed funding from Umang Moondra, former managing director of Citigroup, Singapore. Connaizen, which was launched in April 2015, provides targeted marketing solutions to merchants through its collaboration with financial institutions. The startup is soon going live with four private banks, so the […]

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Exclusive: Fashion app Styledotme shortlisted for FbStart; receives new funding commitment from IAN

StyledotmeDelhi-based Styledotme Fashion and Lifestyle Pvt Ltd, which operates mobile fashion app Styledotme, has been selected by Facebook Inc. for its FbStart programme. The startup has also received commitment from existing investor Indian Angel Network (IAN) for a new round of funding. It will be looking to raise around Rs 2-3 crore, founder Meghna Saraogi […]

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Mobile B2B marketplace Wydr raises Series A funding

WydrMobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round. The company will utilise the funds to expand its seller base across wholesale hubs and introduce new […]

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After raising $5.7 mn, IvyCap-backed Taskbob shuts down

ThinkstockPhotos-close-startup2Two years since its launch and after amassing $5.7 million in external funding from three investors, Mumbai-based home services startup Taskbob, run by Crenovative Ideas Pvt Ltd, has halted its operations. Aseem Khare, co-founder and chief executive of Taskbob, confirmed the development to TechCircle.in saying the startup stopped taking orders from Thursday, 19 January. “Yesterday, […]

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Rocket Internet mops up $1 bn to back startups globally

rocketRocket Internet SE, the German investment firm that has struggled with its bets on Indian companies, has raised $1 billion in a new fund to back Internet companies globally. The Rocket Internet Capital Partners fund is Europe’s largest fund focused on the Internet sector, the firm said in a statement. The new fund will make […]

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B2B logistics startup BlackBuck to raise $10 mn from IFC

For-Blackbug-Story-TC_ThinkstockPhotos-500646181International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said. The investment will help BlackBuck, operated by Bangalore-based Zinka Logistics Solutions Pvt. Ltd, drive growth in contract and spot business and build ancillary services […]

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NetApp launches accelerator programme for Indian startups

For-Escape-Velocity-Story_ThinkstockPhotos-497355961US-based storage and data management company NetApp has announced its startup accelerator programme for India, Escape Velocity, which will aim to nurture technology startups in the country. Deepak Visweswaraiah, managing director, NetApp India, said Escape Velocity will help the company share its technology expertise and business acumen with innovative startups, especially those in the area […]

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