Enterprise payments firm Airpay secures Series A funding from Kalaari Capital, others

For-Airpay-Fundraise-Story-TC_ThinkstockPhotos-505770038Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari Capital and existing investors Rakesh and Rajesh Jhunjhunwala. The company, operated by Airpay Payment Services Pvt. Ltd, will use the funds to build its technology, sales, distribution and support infrastructure to expand its […]

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Two Bangalore women give a ‘clean’ twist to co-working spaces

Co-working spaces – the idea of an open and communicative work culture – is finally picking up in the Indian startup ecosystem. The past two years have witnessed many startups, including Innov8, InstaOffice and 91springboard, venturing into this space to cash in on the opportunity. In fact, several of them have been able to secure […]

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Bombay High Court bars taxi unions from disrupting Uber’s operations

For-Ola-Uber-Illegal-Ride-sharing-Story_ThinkstockPhotos-85451628US-based Uber Technologies Inc’s India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Bombay High Court that prevents dissenting taxi union bodies from disrupting its operations in Mumbai. Mumbai’s taxi unions had threatened to go on strike on 21 March. However, the strike has been called off following the court […]

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ShopClues looks to raise $75-100 mn in pre-IPO round

ShopCluesClues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday. The transaction is expected to be a mix of primary and secondary components, The […]

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Flipkart raises $1 bn in down round: Report

VCCircle_Flipkart8Bengaluru-based e-commerce behemoth Flipkart Online Services Pvt Ltd has reportedly raised $1 billion in a massive fundraising round. The firm will also secure an additional $1 billion in the next few months, a report by Bloomberg stated citing people aware of the development. The funds were secured at a down round that valued the company […]

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Former Housing CEO Jason Kothari takes the helm at FreeCharge

Jason-Kothari_CEO-Freecharge-01_feE-commerce firm Snapdeal, operated by Jasper Infotech Pvt Ltd, has appointed Jason Kothari as the new chief executive officer of mobile recharge platform FreeCharge. Kothari will also continue his key leadership role as chief strategy and investment officer at Snapdeal, the company said in its statement. He replaces Govind Rajan, who exactly a month ago […]

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After venture capital, startups taking ‘vendor capital’ for granted

Anirudh-Damani_Artha-India-VenturesThe bloodletting in the Indian startup ecosystem continues with hotel-booking app RoomsTonite shutting shop on the heels of the Stayzilla fiasco, which is still playing out in the media. I have previously said that the startup space in India is safe because of its self-correcting nature. However, I did not expect that startups that failed […]

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WorkApps can now track field teams in real time with Google Maps integration

WorkAppsPune-based WorkApps Solutions Pvt. Ltd, which offers an enterprise workplace collaboration tool, has introduced an update to integrate its app within the Google Maps application programming interface (API). The update will help organisations manage large and distributed field teams more efficiently, WorkApps said in a statement. An API is the basic building block of an […]

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Exclusive: GrabOnRent close to raising Series A round

Bangalore-based GrabOnRent Internet Pvt. Ltd, which runs product rental marketplace GrabOnRent, is close to raising $3 million (Rs 19.5 crore) in Series A funding from new and existing investors, two persons familiar with the matter said. Existing investors IvyCap Ventures and Unicorn India Ventures will also participate in the round, the people cited above added. […]

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Key takeaways from Airbnb CEO Brian Chesky’s India visit

Home-sharing company Airbnb Inc has introduced a new offering in India, as it seeks to expand its operations in a market that is still tiny but growing rapidly. The company, whose online rental listings range from private rooms to manors and islands, launched the Trips platform during the visit of co-founder and CEO Brian Chesky […]

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