B2B online marketplace Tolexo to lay off 300

layoff_tcOnline business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiative. The company […]

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Mobile B2B marketplace Wydr raises Series A funding

WydrMobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round. The company will utilise the funds to expand its seller base across wholesale hubs and introduce new […]

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B2B marketplace OfBusiness raises $11 mn from Zodius Capital, Matrix Partners

For-OfBusiness-Story-TC_ThinkstockPhotos-607900634OfBusiness, an online marketplace focussed on business-to-business (B2B) commerce, has secured $11.1 million (Rs 75 crore) in a Series B round of investment led by Zodius Capital. The technology-focused venture capital firm made the investment through its Zodius Technology Opportunities Fund. The round also saw participation from existing investor Matrix Partners, the company told TechCircle.in. […]

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B2B marketplace Udaan raises funding from Lightspeed

For-Lightspeed-Story-TC_ThinkstockPhotos-177339124_feBusiness-to-business (B2B) marketplace Udaan.com has raised an early stage investment from Lightspeed Venture Partners, it said in a statement. Techcircle could not ascertain the amount raised, but several media reports said the startup raised $10 million (Rs 66.5 crore). Udaan, founded by former Flipkart employees Amod Malviya, Sujeet Kumar and Vaibhav Gupta, is operating in […]

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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 […]

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Weekly Startup Tracker: Few Series A rounds, several angel & seed funding

Oct-7-startup-dataThe week gone by saw as many as 20 startup funding deals, more than twice as many as during the previous week. Bengaluru airline ticketing aggregator Mystifly, Ratan Tata-backed B2B industrial products marketplace Moglix and food-tech startup InnerChef raised Series A funding rounds. As has been the general trend, angel and seed funding dominated startup […]

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Accel Partners, Jungle Ventures invest $4 mn in B2B marketplace Moglix

Moglix_feMoglix, run by MOGLILABS Pvt. Ltd, a B2B e-commerce company specialising in procurement of industrial products, has raised Rs 28 crore ($4.2 million) in Series A round of funding led by Accel Partners, along with Jungle Ventures and SeedPlus. Jungle Ventures’ co-founder and managing partner Anurag Srivastava has joined the startup’s advisory board after this […]

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How B2B marketplaces are riding the SME wave

Team-BizongoSanket Gupta, owner of Pune-based plastics products maker Shri Ram Plastics, hasn’t had to deal with the polymer traders in Pune and Mumbai since a business partner told him about online B2B marketplace Bizongo. He now buys goods worth Rs 10-12 lakh a month on the Bizongo platform. “We make the payment in the morning […]

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Ratan Tata backs B2B marketplace Moglix

Moglix3Tata Sons’ chairman emeritus Ratan Tata, one of India’s most active startup backers, has invested an undisclosed amount in online marketplace for industrial tools Moglix. This is the seventh investment in 2016 for Tata. So far this year, he has put money in bio-pharmaceutical firm Invictus Oncology, animal lovers’ portal Dogspot, coupons site CashKaro and […]

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