Personal mobile assistant app Mihup secures $6.7 mn from Accel Partners

Tapan BarmanKolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs 45 crore ($6.7 million) from Accel Partners. The VC firm is picking up 20% stake in the startup. Besides Accel, Stayzilla’s chief technology officer and former chief data scientist at Twitter Pankaj Gupta has also picked a 0.99% […]

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Personal mobile assistant app Mihup secures $6.7 mn from Accel Partners

Tapan BarmanKolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs 45 crore ($6.7 million) from Accel Partners. The VC firm is picking up 20% stake in the startup. Besides Accel, Stayzilla’s chief technology officer and former chief data scientist at Twitter Pankaj Gupta has also picked a 0.99% […]

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Crownit raises funding from Girish Mathrubootham, Kunal Shah and Anand Chandrasekaran

Crownit2_fGurgaon-based GoldVIP Technology Solutions Pvt. Ltd that operates merchant discovery and rewards platform Crownit has secured an undisclosed investment from a group of investors, it said in a statement. Those who took part in the funding round include Freshdesk CEO Girish Mathrubootham, Freecharge’s Kunal Shah and Sandeep Tandon and Snapdeal’s former chief product officer Anand […]

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Exclusive: Accel-backed Trivone trims Bangalore operations, lays off staff

Bangalore-based digital media and content services company Trivone Digital Services Pvt. Ltd has enacted another round of layoffs, the third since it raised Series A funding from Accel Partners, which would effectively halve the size of its Bangalore operations. Trivone management, on Tuesday, informed its Bangalore team of nearly 20 people that the company is […]

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Mobile security startup Appknox raises $650K from SeedPlus

AppknoxBengaluru- and Singapore-based mobile security company Appknox has raised S$875,000 ($650,000 or Rs 4.35 crore) in a pre-Series A round led by SeedPlus, a new seed-stage venture capital firm backed by Jungle Ventures, Infocomm Investments, Accel Partners and RNT Associates. The startup has used the capital to launch its cloud-based mobile security solution for businesses […]

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Can Walmart and Flipkart help each other in India?

Flipkart_Walmart32The world’s largest retailer Walmart’s acquisition of ecommerce company Jet.com has triggered speculation on whether this is the beginning of the company’s ambitious play in online retailing, a link sorely missing in its larger business plans. Also, there has been some discussion on whether with this $3.3 billion buyout, the largest ever of an online […]

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Can Walmart and Flipkart help each other in India?

Flipkart_Walmart32The world’s largest retailer Walmart’s acquisition of ecommerce company Jet.com has triggered speculation on whether this is the beginning of the company’s ambitious play in online retailing, a link sorely missing in its larger business plans. Also, there has been some discussion on whether with this $3.3 billion buyout, the largest ever of an online […]

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Freshdesk hires former WalmartLabs exec STS Prasad as engineering head

Cloud-based customer service software provider Freshdesk Inc. has appointed former WalmartLabs executive STS Prasad as its senior vice president of engineering. Prasad will lead all initiatives related to technology development and oversee infrastructure enhancements to support Freshdesk’s growing customer base and product roadmap, the company said in a statement. The appointment is part of the […]

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Flipkart gets a valuation boost from Fidelity

Flipkart_by_shah_junaid_1001After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with the Securities and Exchange Commission, the mutual fund marked […]

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Exclusive: Keiretsu Forum, others to invest $450K in customised online jewellery brand AuGrav

jewllery-by-shah-junaid-(6)23AuGrav, a Coimbatore-based startup that designs and sells personalised precious jewellery to end-customers and retailers, is in talks with the Chennai chapter of global angel network Keiretsu Forum and others to raise close to $450,000 (around Rs 3 crore) in seed investments. The startup wants to invest the capital to expand its team and strengthen […]

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