Exclusive: Flipkart’s Ashish Gupta joins Silicon Valley startup as India engineering head

Ashish-GuptaFormer vice president of engineering at Flipkart Ashish Gupta, who quit the Indian e-commerce major in February this year, has joined the Indian arm of US-based cloud enterprise storage startup Rubrik Inc as vice president of engineering. Gupta, who confirmed the development to VCCircle over a telephonic conversation, said that he would be leading the […]

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ItzCash to strengthen hold in expense management, backs fintech startup Finly

For-THB-Story-TC_ThinkstockPhotos-520095558Mumbai-based digital payments company ItzCash Card Ltd has made an undisclosed equity investment in Bangalore-based expense management firm Finly. ItzCash will use the funds to strengthen its play in the expense management vertical, which is estimated to be a $25 billion opportunity for corporates in India, the company said in a statement. Founded by Veekshith […]

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Exclusive: Dating app Vee pivots again – this time to woo SMEs

For-Vee-Dating-App-Story-TC_romantic-sun-drink-dateLightspeed Venture Partners-backed GetVee Technologies Pvt. Ltd, which operated dating app Vee, has pivoted its model for the second time to become an e-commerce enabler for small and medium enterprises (SMEs), its founder Nitin Gupta told Techcircle. “We thought of it as an interesting opportunity with the change in the ecosystem, and the government’s push […]

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Aim to turn profitable in six months, says Craftsvilla founder Manoj Gupta

Craftsvilla founder Manoj GuptaEthnic products e-tailer Craftsvilla has raised nearly $53 million from marquee investors such as Sequoia Capital, Nexus Venture Partners and Lightspeed Venture Partners. But the five-year-old startup, run by Kribha Handicrafts Pvt. Ltd, isn’t looking to mobilise more money anytime soon. Instead, it is turning its focus toward becoming profitable, says co-founder Manoj Gupta during […]

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Exclusive: ItzCash in talks with several fintech mobile companies for potential investment

ItzCash_MDMumbai-based digital payments facilitator ItzCash is in talks with several mobile application firms for making a strategic investment, said a top company executive. The company, which would turn profitable in FY2016-17, is looking for firms specialising in fintech mobile applications which can be scaled with further investments. It is open to explore options including acquisition, […]

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Eight data analytics startups that raised funding in the last six months

Big data analytics – the process of capturing, managing and analysing massive amounts of data to generate meaningful insights – is all set to become a $16 billion market in India by 2025, according to IT industry body Nasscom. India is currently among the top ten data analytics markets in the world, and is set […]

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Exclusive: LocalOye rejigs business strategy; to focus on B2B customers

LocalOyeTiger Global and Lightspeed Venture Partners-backed local household and personal services marketplace LocalOye is recasting its business model to focus more on business-to-business (B2B) customers for better monetisation, its founder told Techcircle.in. “We don’t want to put in a lot of money in marketing initiatives in an attempt to acquire a customer in a business-to-customer […]

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Exclusive: VC-backed lifestyle e-tailer Fashionara shuts shop

Fashionara2Online fashion and lifestyle store Fashionara.com, which had raised funding from Lightspeed Venture Partners and Helion Venture Partners, appears to have shut its operations as its website and app are no longer accessible. It couldn’t be ascertained when exactly the company closed its operations. However, co-founder Darpan Munjal left the company in January this year, […]

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Ethnic products marketplace Craftsvilla buys clothing rental startup F2SO4

Craftsvilla_FECraftsvilla, an online marketplace for ethnic products that raised about $52 million from investors last year, has acquired women clothing rental platform F2SO4 for an undisclosed amount in its third takeover deal in as many months. The F2SO4 team will join Craftsvilla as part of the deal. In addition, F2SO4 will continue working as a […]

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Branded marketplace for budget hotels OYO raises $20M from Greenoaks, Lightspeed & Sequoia

Delhi-based Oravel Stays Pvt Ltd, which owns and operates branded marketplace for budget hotels OYORooms.com, has raised Rs 125 crore ($20.04 million) in funding from Greenoaks Capital, a privately held global investment firm. Existing investors Lightspeed Venture Partners and Sequoia Capital also participated in the round, according to a The Economic Times report. The report […]

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