Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

EXIT_FREE2Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. While US online retailer eBay, Chinese […]

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Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

FlipkartHome-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft Corp., online marketplace eBay Inc., online payment […]

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Freshdesk raises $55 mn from Sequoia, Accel Partners

For-Freshdesk-Story-TC_ThinkstockPhotos-518428665Freshdesk Inc., which provides cloud-based customer engagement software, has raised $55 million (Rs 366 crore) in its Series F funding round led by Sequoia Capital India and existing investor Accel Partners. The company will use the money for launching new products and global expansion, it said in a statement on Tuesday. Girish Mathrubootham, founder and […]

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Cardekho.com owner Girnar Software & Microsoft to settle legal dispute amicably

Girnar Soft owns CarDekho.com, Gaadi.com, Zigwheels.com and BuyingIQ, among other propertiesIn what can be termed as a happy ending in the dispute between the US tech giant Microsoft and domestic business process outsourcing (BPO) firm Girnar Software — which also runs popular auto portals such as cardekho.com and gaadi.com — over the alleged use of unlicensed software products, both the companies have agreed to settle […]

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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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There is no scope for a third player in online auto classifieds: CarDekho’s Amit Jain

Jaipur-based Girnar Software Pvt. Ltd, which runs automotive classifieds portal Cardekho.com, is arguably the biggest non-metro startup in India. Its valuation has grown almost eight times in three-and-a-half years to around $380 million when it last raised money in March from Google Capital and Hillhouse Capital. The company–founded by brothers and IIT Delhi alumni Amit […]

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Check out the six startups selected for Google’s accelerator programme

google_launchedGoogle has announced the second batch of Indian startups that will receive up to $50,000 (around Rs 33 lakh) in equity-free seed funding as part of being selected for its startup accelerator programme, Google Launchpad. Home services startup Taskbob, mobile social gaming firm PlaySimple Games, social networking chat platform ShareChat, online credit firm RedCarpet, online […]

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CarDekho parent acquires virtual reality startup Volob

cardekho_001Jaipur-based Girnar Software Pvt Ltd, which owns auto portals CarDekho.com, BikeDekho.com and Gaadi.com, has acquired virtual reality (VR) startup Volob Technologies Pvt. Ltd. The acquisition will help the company grow its 3D visualisation capabilities through virtual and augmented reality, it said in a statement The startup was founded in 2010 by Tarun Kumar and Shweta […]

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CarDekho parent Girnar Software gets funding from Google Capital

Girnar-Software2Girnar Software Pvt Ltd, which owns six portals including auto portals CarDekho.com and Gaadi.com, has secured an undisclosed amount of funding from Google Capital, with participation from existing investor Hillhouse Capital. The new funding will be used for technology development, research and development, and expansion of operations within and outside India. “Google Capital is one […]

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Practo raises $90M from China’s Tencent, Sofina, Google Capital, Yuri Milner & others

Practo Technologies Pvt Ltd, a web-based clinic management software developer and medicare listings provider, has raised $90 million in Series C funding led by Chinese media and technology conglomerate Tencent Holdings Pvt Ltd. Marquee institutional investors such as Sofina, Sequoia India, Google Capital, Altimeter Capital, Matrix Partners, Sequoia Capital Global Equities and Russian investor Yuri […]

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