Two of three Indian startup founders say there is a ‘bubble’: InnoVen Report

report-tc-leadAlmost 65% founders and CXOs at Indian startups feel the ecosystem is in a bubble, and close to one in five among those (18%) feel the bubble is close to bursting, says India Startup Outlook Report 2017 released by venture debt firm InnoVen Capital. The report, which draws on startup leaders’ perspectives on matters such […]

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Accommodation booking platform Zolo secures $5 mn in Series A funding

For-Zolo-Story-TC_ThinkstockPhotos-491600850Bangalore-based accommodation startup Zolo (previously known as Zelo) has raised $5 million in Series A funding led by existing investor Nexus Venture Partners. The funding round also saw participation from venture debt firm Innoven Capital. The company plans to use the raised capital to scale its services from 5,000 locked-in beds to over 12,000 and […]

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InnoVen Capital invests $16 mn in 13 startups in December 2016 quarter

investe_shahTemasek-backed venture debt firm InnoVen Capital India Pvt. Ltd has invested Rs 110 crore ($16 million) in 13 startups including food ordering startup Swiggy and insurance provider Coverfox in the October-December 2016 quarter. The venture debt firm also invested in furniture rental startup Furlenco, apparel rental firm Flyrobe, branded accommodation firm Zelo, product recommendation platform […]

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Capillary Technologies acquires B2B ecommerce firm Sellerworx

handshakingCapillary Technologies, a SaaS-based CRM (customer relationship management) solutions provider, has acquired ecommerce technology solutions and services provider Sellerworx Online Service Pvt Ltd for an undisclosed amount. The move is aimed at strengthening Capillary’s product portfolio and to enable it to cater to online sellers and marketplaces, according to a report in Mint on Tuesday. […]

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Voonik hires Amazon’s Raghu Lakkapragada as chief operating officer

Raghu LakkapragadaOnline fashion marketplace Voonik Technologies Pvt. Ltd said on Tuesday it has appointed former Amazon India executive Raghu Lakkapragada as its chief operating officer. Lakkapragada will be responsible for the delivery operations and seller and customer experience, Voonik said in a statement. He is the second top-level executive to join Voonik in recent weeks, after […]

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