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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Competition Commission of India clears MakeMyTrip-ibibo merger

The proposed merger of online travel agencies MakeMyTrip Ltd and ibibo Group has inched closer to completion with the Competition Commission of India approving the transaction. MakeMyTrip received a letter from the anti-trust watchdog clearing the merger on Friday, the NASDAQ-listed company said in a filing to the US Securities and Exchange Commission. MakeMyTrip and […]

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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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ICICI Bank rejects NPCI call to unblock PhonePe

For-ICICI-Reject-Story_Shah-JunaidThe tussle between ICICI Bank and online retailer Flipkart’s digital wallet, PhonePe, isn’t likely to end soon with the private-sector lender again refusing to allow transactions through the payment app. The latest refusal comes after National Payments Corporation of India (NPCI), an umbrella organisation for all retail payments system in India, on Thursday evening asked […]

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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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Myntra adds three new sellers to comply with FDI norms

myntra_feWith the deadline for compliance with foreign direct investment (FDI) norms approaching, Flipkart-owned Myntra has added three new sellers on its platform to reduce its dependence on Vector E-commerce Pvt Ltd, the biggest seller on the fashion e-tailer. A report in the Mint newspaper said, citing two people aware of the development and documents with […]

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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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