Women-focused media startup POPxo raises $2.7 mn from GREE Ventures, others

Women-focused media startup POPxo raises $2.7 mn from GREE VenturesPOPxo.com, a digital publication targeted at young women, has raised $2.7 million in a Series B funding round led by Japanese venture capital firm GREE Ventures with participation from its existing investors Kalaari Capital and IDG Ventures India. The company will invest the fresh capital on product enhancement to build new features and different formats […]

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Bhavin Turakhia to invest $25 mn more in enterprise messenger Flock

Bhavin-Turakhia23Billionaire Bhavin Turakhia plans to invest $25 million in enterprise team messenger app Flock to enhance product innovation and meet global demand, the company said in a statement. As the company closes in on US-based Slack, which offers a chat and messaging app for businesses, for a larger share of the enterprise market, it also […]

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PickMyLaundry acquires OneClickWash in all-cash deal

LaundryNew Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneClickWash’s laundry processing unit and tech infrastructure, as well as an experienced team, to improve […]

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Exclusive: Last-minute hotel booking startup RoomsTonite shuts down

Close-free2RoomsTonite, a mobile app for last-minute hotel bookings, has closed down operations as funds dried up following a failed $1.5 million fundraising bid, two persons familiar with the development told VCCircle. The startup decided to draw the curtain around eight months ago when operating costs began to get out of control. Its mobile application is […]

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Are startups and investors doing enough to check sexual harassment?

Sexual-harassmentEarly this week, several women alleged sexual harassment by Arunabh Kumar, founder and chief executive of digital entertainment channel The Viral Fever (TVF). The issue has brought to spotlight low compliance levels at Indian startups when it comes to guidelines on prevention of sexual harassment at workplace. At early-stage startups, a framework to handle cases […]

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Big data company Infoworks raises $15 mn from Centerview Capital, Nexus

Amar ArsikereData warehousing company Infoworks.io Inc. has raised $15 million (Rs 98 crore) in its Series B round of investment led by Centerview Capital Technology. Existing investor Nexus Venture Partners also took part in this round, Infoworks said in a statement. As part of the investment, Ned Hooper, partner at Centerview, has joined the board of […]

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Stayzilla co-founder Vasupal arrested; wife alleges harassment by vendor

Stayzilla’s co-founder Yogendra VasupalYogendra Vasupal, the co-founder and chief executive of Chennai-based homestay booking startup Stayzilla, has been arrested by the police on allegations of non-payment of dues by an advertising agency the company worked with. The development comes barely weeks after Stayzilla shut down its operations last month. Vasupal’s wife and Stayzilla co-founder Rupal Yogendra told VCCircle […]

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Facebook selects dating app Matchbox for FbStart programme

Facebook selects dating app MatchboxDating app Matchbox has been selected by social media giant Facebook Inc. for its early-stage startup mentorship programme FbStart, under the Bootstrap track, the company said in a statement. Founded in 2015 by Jude Pereira, the Mumbai-based company connects people through similar tastes in music, which serves as an ice-breaker. It has over 250,000 songs […]

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Exclusive: Existing investor Blume Ventures criticises BHIVE co-founder over funding controversy

Karthik Reddy, co-founder and managing director of early-stage venture capital firm Blume Ventures, has questioned Shesh Rao Paplikar, co-founder and chief executive of coworking space startup BHIVE, for going public over a funding controversy involving a well-known VC firm. Blume Ventures is an existing investor in BHIVE. “In my opinion, the founder overreacted. I have […]

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Tech accessories e-tailer LatestOne.com raises $3.3 mn from Ashish Dhawan, Mathew Cyriac and others

For-LatestOnlineHyderabad-based Palred Technologies Ltd (formerly Four Soft Limited) has raised about Rs 22 crore ($3.34 million) in its latest round from both new and existing investors, the company said in a statement. The company, which is listed on both BSE and NSE, will allot 1.5 million shares to investors on a preferential basis at Rs […]

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