SoftBank COO Jonathan Bullock quits Snapdeal, Ola boards

Jonathan BullockSoftBank Group COO and managing director Jonathan Bullock has resigned from the boards of its two biggest investee companies in India, Snapdeal and Ola, a statement from the Japanese telecom and Internet conglomerate confirmed on Monday. Mint had reported, citing a regulatory filing, that apart from Jasper Infotech Pvt. Ltd-owned Snapdeal and ANI Technologies Pvt. […]

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PropTiger-Housing deal to be signed this week

PropTiger-HousingOnline property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in the online real estate or […]

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How SoftBank’s local portfolio firms have fared as chairman Son visits India

Masayoshi-Son,-Chairman-&-CEO,-SoftBank-Group_feNot many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup has been valued at more […]

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Exclusive: Softbank pumps in another $5 mn in Housing even as merger talks continue

HousingJapanese telecom and internet conglomerate SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million in a bridge round in real estate portal Housing.com, according to three people aware of the development. SoftBank, the lead investor in Housing, had invested $15 million in the company in January […]

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Exclusive: Why Times Internet wouldn’t be raising $100 mn for Magicbricks

Offer-ThinkstockPhotos-5212026922Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal MagicBricks. TIL CEO Gautam Sinha told Techcircle that the company shelved the plan as […]

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Exclusive: Housing.com ex-COO to start online grocery venture

Housing_feTwo former executives at property portal Housing.com are starting an online grocery delivery venture, a segment that was investors’ favourite until last year but where many startups have shut shop after struggling to find profitable business models. Former Housing.com chief operating officer Rishabh Gupta has co-founded ‘The Box’—a subscription-based groceries startup—along with Vaibhav Chhimpa, a […]

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PropTiger acquires AR startup 3DPhy to enhance 3D capability

Dhruv Agarwala, CEO & Co-Founder at PropTiger.comOnline real estate platform PropTiger has acquired Gurgaon-based augmented reality and 3D visualisation startup 3DPhy for an undisclosed amount to bolster its 3D capabilities. 3DPhy that operates in the field of virtual and augmented reality and 3D visualisations, will help PropTiger make home search experience more immersive, the company said in a statement. With its […]

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Housing elevates CFO Mani Rangarajan as chief business officer

Mani Rangarajan is now Housing.com's chief business officerRealty portal Housing.com has elevated chief financial officer Mani Rangarajan as chief business officer. As head of business operations, he will lead Housing’s broker sales efforts, among other responsibilities. For the time being, however, he will continue to oversee financial operations, it said in a statement. He has been serving as chief financial officer since […]

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Former Housing.com CFO Ritesh Jain floats online lending startup with two others

Ritesh JainRitesh Jain, a former chief financial officer at Housing.com, has quit the real estate portal to launch an online lending platform along with two others. FlexiLoans, the new venture, disburses working capital loans to small and medium-sized companies, co-founder Manish Lunia said. The third co-founder is Deepak Jain, a former investment banker at Axis Capital. […]

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Former Housing.com CFO Ritesh Jain floats online lending startup with two others

Ritesh JainRitesh Jain, a former chief financial officer at Housing.com, has quit the real estate portal to launch an online lending platform along with two others. FlexiLoans, the new venture, disburses working capital loans to small and medium-sized companies, co-founder Manish Lunia said. The third co-founder is Deepak Jain, a former investment banker at Axis Capital. […]

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