FreeCharge founders, Chaayos CEO back B2B pharmacy app Reap

FreeCharge founders, Chaayos CEO back B2B pharmacy app ReapMumbai-based Workcell Solutions Pvt. Ltd, which runs B2B app for pharmacies Reap, has raised an undisclosed amount in seed funding from FreeCharge founders Kunal Shah and Sandeep Tandon, Chaayos co-founder and CEO Nitin Saluja and Thinklabs founder Gagan Goyal, a financial daily reported on Wednesday. The company will use the funds to develop the product […]

Read more

Exclusive: Waste management organisation Hasiru Dala buys scrap collector startup EnCashea

EnCashea2Bangalore-based scrap collection and recycling startup EnCashea has signed an all-cash deal to sell its technology and customer base to Hasiru Dala, a non-profit organisation for waste pickers and other informal waste workers. Hasiru Dala, which is currently engaged mainly in wet and dry waste management, will venture into the scrap business using EnCashea’s proprietary […]

Read more

Chandrasekarans in startup world: It’s resolve, not the IIT-IIM tag, that matters

The elevation of Tata lifer N Chandrasekaran as chairman of India’s most revered corporate group—the $103-billion salt-to-software conglomerate Tata Sons—begs the much-debated question: Does one’s college pedigree matter? Corner offices at top business houses, both in India and abroad, are usually occupied by alumni of global business schools and leading engineering colleges. But Chandra, or […]

Read more

Flashback 2016: The top angel investors in India

Dheeraj-Jain-&-Anand-ChandrasekaranDheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, and former Snapdeal product head Anand Chandrasekaran were among India’s top angel investors this year by number of deals they disclosed. Both investors have backed more companies this year than last. Jain closed 23 deals in 2016 versus eight in 2015, and Chandrasekaran added 20 […]

Read more

PressPlay co-founder Anand Sinha joins FreeCharge

10377429_10152617238857772_192189687037188245_nSnapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in addition to working on several strategic initiatives for the firm, the company said in a press statement. Sinha […]

Read more

Pocket Aces raises $3 mn led by Sequoia Capital

Seed_funding_junaidMumbai-based Pocket Aces Pictures Pvt Ltd, which runs digital entertainment startup Pocket Aces, has raised $3 million (Rs 20 crore) in a round of funding led by venture capital firm Sequoia Capital India, the company announced on Thursday. Other investors included North Base Media, TV Mohandas Pai-led Aarin Capital, 3one4 Capital, Axilor Ventures, and FreeCharge […]

Read more

Exclusive: Kunal Shah-backed scrap collector EnCashea shuts shop

ClosedBangalore-based scrap collection and recycling startup EnCashea, which raised a seed funding from FreeCharge co-founder Kunal Shah and others recently, has decided to shut down its operations due to an unsustainable business model that runs on thin margins, but necessitates incremental working capital. The startup has decided to call it a day and return the […]

Read more

What keeps top angel investors going?

Invest_thnk_stockIf you think Binny Bansal, the co-founder of India’s largest e-tailer Flipkart, is only interested in online retail space, you could not be more wrong. Bansal is as interested in aerospace and defence, healthcare, technology & equipment and leisure products, as he is in online retail, if you go by the kind of startups he […]

Read more

Why Freecharge badly needs a recharge

Freecharge-Investment_Shah-Junaid2The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of developments at Jasper Infotech […]

Read more

Freecharge hires Karthik Rajeshwaran as director of strategy

Karthik RajeshwaranSnapdeal-controlled digital payments platform FreeCharge has appointed former Obi Mobiles executive Karthik Rajeshwaran as director (strategy). Rajeshwaran will use his expertise to usher-in consumer centric innovations to expand revenue across new business opportunities, Freecharge said in a press statement on Wednesday. Prior to his appointment at Freecharge, Karthik led global marketing and growth at Obi […]

Read more