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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BHIVE funding fiasco – Are there any lessons for startup entrepreneurs?

Shesh-Rao-Paplikar_FEThe road outside the BHIVE Workspace office was teeming with cricket fans at around 4 pm on 7 March as they waited excitedly for the return of the Indian team to The Ritz-Carlton Hotel, where it was staying, after a win against Australia in a test match. The mood inside the BHIVE office was in […]

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Blume Ventures is VC fund-raiser of the year: VCCircle Awards

Blume VenturesMumbai-based tech-focussed early-stage investment firm Blume Ventures, which closed its second fund of $60 million last year, has won the News Corp VCCircle VC fund-raiser of the year award in recognition of its prolific fund-raise from a largely domestic limited partner (LP) base. The Karthik Reddy and Sanjay Nath-led investment firm beat Accel Partners India, […]

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Practo, Simplilearn, SAIF Partners among winners of VCCircle Awards

award_feDigital healthcare platform Practo, ed-tech firm Simplilearn and diagnostics chain Thyrocare were among the winners at the sixth edition of VCCircle Annual Awards, which recognise the best-performing private equity and venture capital-backed companies and transaction advisers. Private equity firm Multiples Alternate Asset Management Pvt Ltd, venture capital firm SAIF Partners and private-sector lender RBL Bank […]

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Big data hiring startup Belong raises $10 mn from Sequoia, Matrix Partners

BelongBangalore-based recruitment solutions startup Belong.co, owned and operated by Belong Technologies India Pvt. Ltd, has raised $10 million (Rs 67 crore) in Series B funding led by Sequoia Capital India. Existing investor Matrix Partners India also invested in this round, Belong said in a statement. The company, which raised $5 million in 2015, said that […]

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Queue management app Sminq acquires software service provider CodePandora

thinkstock-queue-_fePune-based Sminq India Solutions Pvt. Ltd, which runs queue management app Sminq, has acquired Codepandora, a UX-focused software service provider, in a cash-and-equity deal. The CodePandora team has joined Sminq and all its members will be part of the stock rewards programme at Sminq, the company said. “CodePandora team has been one of our technology […]

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Blume Ventures goes global, ties up with US-based Draper Venture Network

Tim-Draper6Early-stage venture fund Blume Ventures has entered into a strategic partnership with Draper Venture Network (DVN), an alliance of independent venture capital firms that connects leading entrepreneurs and investors around the world. DVN was formed in 1990 by Tim Draper, a leading venture capitalist in the US, who invested in companies such as Skype and […]

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Exclusive: Student micro-financing startup SlicePay acquires P2P lender Trustio

SlicePayBlume Ventures-backed digital payment platform for college students SlicePay has acquired Trustio, a New Delhi-based peer-to-peer lending company, in an all equity deal. The acquisition will help SlicePay expand its team and enhance its product capability, Rajan Bajaj, co-founder and chief executive of the payments startup told Techcircle. Trustio is an invite-only alumni network that […]

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Discovery platform NowFloats announces Series B funding from Iron Pillar, IIFL

For-Nodd-Story-TC_ThinkstockPhotos-513313726feHyderabad-based NowFloats Technologies Pvt. Ltd, which helps local businesses create an online presence through its platform NowFloats, has announced that it has raised $10 million (Rs 73 crore) in Series B funding from venture capital (VC) fund Iron Pillar and IIFL (Seed Ventures Fund I & Cash Opportunities Fund). Existing investors Blume Ventures and Omidyar […]

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Exam prep startup Unacademy raises $4.5 mn in Series A funding

UnacademyOnline learning platform Unacademy, run by Sorting Hat Technologies Pvt. Ltd., has raised $4.5 million (Rs 30 crore) in Series A funding led by Nexus Venture Partners and existing investor Blume Ventures, the company said in a statement on Friday. The platform allows educators to create courses using their app on various subjects, including exclusive […]

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