Why high-paying Indian startups are cutting no ice with job-seekers

For-Startup-Cut-no-ice-Story-TC_ThinkstockPhotos-509872398For 31-year-old Puneet Parthasarthy (name changed), it was a dream job. His employer, a B2B tech startup, had deep-pocketed investors, and it was offering him a designation and compensation that could give many around him a strong bout of jealousy. It was a neat corporate job with “some hectic days” thrown in when new clients […]

Read more

B2B packaging material marketplace Bizongo raises $3 mn from IDG, Accel

bizogoSmartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money to expand its seller base, build automation, improve supply chain and […]

Read more

Local content discovery platform NearFox gets angel funding from Globevestor, others

NearFox-Team-Pic_FMumbai-based local lifestyle content and discovery platform NearFox said on Thursday it has raised funding from a group of investors that included the Globevestor Angel Fund. Devendra Rane, CTO at online insurance startup CoverFox; Ravi Jain, former principal at VC fund Ventureast and co-founder of social media marketing firm GenY Medium; and Arpan Nagdeve, vice […]

Read more

Intel-backed hardware incubator Plugin seeks to invest in 20 startups

Nivruti-Rai-from-Intel-and-Poyni-Bhatt-From-SINEChipmaker Intel India, IIT Bombay’s Society for Innovation and Entrepreneurship (SINE) and the central government’s Department of Science and Technology (DST) have come together to start a hardware incubator programme. Called Plugin, the programme intends to take ideas at a proof-of-concept stage to the market. It will provide funding, mentoring and hardware support and physical […]

Read more

Exclusive: B2B marketplace Omnikart shuts shop, co-founder joins Industrybuying

END_001Omnikart, a B2B marketplace for industrial equipment, has closed operations due to disagreement between its two co-founders on a growth strategy. The Mumbai-based startup, run by Omnikart Engineering Pvt. Ltd, shut down in March, co-founder Faisal Ansari told TechCircle. Ansari has now joined Industrybuying.com, an online marketplace for industrial goods run by MTech Engineering Pvt. […]

Read more

Exclusive: Grocery delivery startup GrocShop folds up as pain spreads

Startup_mukul_feMumbai-based online grocery delivery firm GrocShop has shut down, joining the growing list of startups that failed to find a profitable growth model in a segment which until recently was attracting investors in droves but is now feeling the pinch of a slowdown in funding. GrocShop co-founder Ayush Garg told Techcircle that the startup, operated […]

Read more

Exclusive: Grocery delivery startup GrocShop folds up as pain spreads

Startup_mukul_feMumbai-based online grocery delivery firm GrocShop has shut down, joining the growing list of startups that failed to find a profitable growth model in a segment which until recently was attracting investors in droves but is now feeling the pinch of a slowdown in funding. GrocShop co-founder Ayush Garg told Techcircle that the startup, operated […]

Read more