Wipro invests in Israeli VC firm; Govin Capital, Seed Infotech team up to launch startup accelerator

WiproIsrael-based venture capital firm TLV Partners has secured an undisclosed amount of funding from software services firm Wipro. With a corpus of about $115 million, TLV Partners will offer Wipro access to early-stage firms in cyber security, enterprise software and the Internet of Things, The Economic Times reported. Wipro Ventures has a corpus of $100 […]

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Flipkart sellers go on virtual strike; Uber installs panic buttons, digital meters in Bangalore cars

VCCircle_Flipkart8A group of sellers on Flipkart went on a virtual strike on Monday to protest the changes in the e-commerce company’s return policy and commission fees while cab-hailing firm Uber has installed panic buttons and digital meters in the 100 cars on its platform in Bangalore, accepting the Karnataka government’s diktat. Here’s a quick round-up […]

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Over 400 startups register with DIPP; InMobi discontinues Miip platform

startupsMore than 400 startups have registered with the department of industrial policy and promotion (DIPP) for government recognition and availing tax breaks and other benefits while mobile advertising technology firm InMobi Technologies Pvt. Ltd has closed its animated commerce discovery platform Miip. Here’s a quick round-up of the startup and technology stories of the day. […]

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Ola in talks with investors to raise fresh funds; Flipkart sellers protest return policy changes

OlaTaxi aggregator Ola is in talks with investors to raise fresh funds while Flipkart sellers are protesting the changes in the e-commerce company’s return shipping policy. Here’s a quick round-up of the startup and technology stories of the day. Ola in talks with investors to raise fresh funds ANI Technologies Pvt. Ltd, which runs taxi […]

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Ratan Tata invests in e-ticketing startup Kyazoonga; C Sivasankaran backs taxi aggregator UTOO

Ratan TataIndustry doyen Ratan Tata is making headlines again as he invested in in e-ticketing startup Kyazoonga while serial entrepreneur and Aircel founder C Sivasankaran has backed Chennai-based on-demand taxi aggregator UTOO. Here’s a quick round-up of startup and technology stories today. Kyazoonga gets Ratan Tata’s backing Ratan Tata, chairman emeritus of Tata Sons and one […]

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Infibeam’s Sachin Dalal to head Rakuten India’s operations; BookMyShow in talks to raise $75 mn

BookMyShowJapanese e-commerce firm Rakuten has appointed Infibeam co-founder Sachin Dalal to head its India operations while BookMyShow is in talks to raise $75 million from US-based equity growth fund Stripes Group. Here’s a quick round-up of startup and technology stories today. Rakuten hires Infibeam’s Sachin Dalal for India foray Infibeam co-founder Sachin Dalal is set […]

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Uber applies for Karnataka licence; Hike in fund-raising talks with WeChat parent Tencent

UberCab-hailing firm Uber has applied for a licence to operate in Karnataka while messenger app Hike is in talks with Tencent Holdings to raise funds. Meanwhile, online jewellery retailer Bluestone is in talks with venture capital firm Iron Pillar to raise about Rs 200 crore. Here’s a quick round-up of the startup and technology stories […]

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Amazon ties up with Storeking for rural India push; Telcos want WhatsApp, Skype to be regulated

Amazon005Amazon has signed up with e-commerce startup Storeking as part of its offline shopping initiative Udaan while telecom operators want the government to regulate over-the-top platforms such as WhatsApp and Skype to create a level-playing field. Also, e-commerce firms are taking more measures to cut losses and improve margins. Here’s a quick round-up of the […]

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TC Roundup: Uber China closes $1 billion fundraising round: sources

Uber Technologies Inc’s China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber’s Chinese unit include Internet giant Baidu Inc, China CITIC Bank Corp Ltd and China Life Insurance Co […]

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TC Roundup: China’s GSR Capital to launch $5B fund for global tech deals

Chinese investment firm GSR Capital is launching a $5 billion fund to invest in global technology companies, counting on huge demand at home to create economies of scale in pharmaceuticals, energy saving and mobile phone technology. Little known GSR Capital shot into the limelight in April when it teamed up with other investors to buy […]

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