Ed-tech startup Kleverkid winds up operations

ClosedOnline marketplace for tutors Kleverkid, which is backed by Aarin Capital, has halted operations, co-founder Shabnam Aggarwal wrote in her personal blog. “All we had to go on was what the pundits told us: You’re not making enough money fast enough. It was a good question. When I tried to answer it, I came up […]

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Self-drive car rental firm Zoomcar tops up Series B round

Zoomcar1Self-drive car rental startup Zoomcar has raised an undisclosed amount of investment from Chinese venture capital firm Cyber Carrier CL, expanding its Series B round. Zoomcar Inc. had raised $24 million from Ford Smart Mobility LLC and existing investors Sequoia Capital, Empire Angels, OurCrowd and Nokia Growth Partners. Greg Moran, cofounder and CEO of Zoomcar […]

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Self-drive car rental firm Zoomcar tops up Series B round

Zoomcar1Self-drive car rental startup Zoomcar has raised an undisclosed amount of investment from Chinese venture capital firm Cyber Carrier CL, expanding its Series B round. Zoomcar Inc. had raised $24 million from Ford Smart Mobility LLC and existing investors Sequoia Capital, Empire Angels, OurCrowd and Nokia Growth Partners. Greg Moran, cofounder and CEO of Zoomcar […]

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Why Ola’s capital dumping barb is silly, hypocritical and has no merit

Ola“There is an urgent need for adequate regulation to curb predatory pricing and capital dumping in the ecosystem in the interest of co-existence of all players in the ecosystem,” Pranay Jivrajka, chief operating officer of Ola, was quite vocal in his criticism of what the cab-hailing service’s ‘unnamed rival’ is doing to distort the taxi […]

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Exclusive: HR tech startup DoSelect raises seed funding from Mohandas Pai’s 3one4 Capital

doselect_articleHuman resources technology startup DoSelect has raised $490,000 (Rs 3.2 crore) in its seed round of funding from TV Mohandas Pai’s family fund 3one4 Capital and Mumbai Angels, according to two persons familiar with the development. Bangalore-based DoSelect, which is run by Axilly Labs Pvt. Ltd, is a collaborative platform that helps organisations hire technical […]

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Anupam Mittal, Rajan Anandan, Kunal Shah & Zishaan Hayath among top angel investors in Q3

top 10 angel investorsAngel investors in the country have kept funds flowing for startups at a time when venture capital investors seem to be holding back. In the first nine months of 2016, the value of investments has declined significantly across all investment categories such as private equity and venture capital but angels and seed funds continue lending […]

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Online B2B marketplace Bharat Bazaar gets funding from BeeNext, others

bharatbazaar1Mumbai-based White Shadow Technology Pvt. Ltd that operates online business-to-business (B2B) marketplace Bharat Bazaar has raised an undisclosed amount in seed funding from a clutch of investors. The investors participated in the round included BeeNext, a Singapore-based early-stage technology fund; TV Mohandas Pai, chairman, Manipal Global Education Services and Aarin Capital; and Kunal Shah and […]

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HR software services startup Darwinbox gets seed funding from Mohandas Pai, others

Seed_feHyderabad-based Darwinbox, an HR software services startup, has raised an undisclosed amount in seed funding from Mohandas Pai’s family fund 3one4 Capital, Tracxn Labs and Endiya Partners. Rohit Chennamaneni, one of the founders of the company, confirmed the development to Techcircle. The new funds will be used to develop more modules and to expand sales […]

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Mohandas Pai, others invest close to $2 mn in Velvetcase

Jewalary_feOnline designer jewellery marketplace Velvetcase.com has raised close to $2 million in a second round of funding led by Uniqorn Ventures Fund with participation from angel investors including TV Mohandas Pai and S Somasegar through online deal-making platform LetsVenture, it said in a statement. Existing investor The Chennai Angels also participated in the round. In […]

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How startups can build scale in a challenging funding environment

Techcircle-Startup-2016It isn’t a coincidence that the number of advertisements screaming discounts by leading e-commerce players in mainstream dailies has gone down in recent months. One doesn’t see too many startups riding IPL, the most sought after event among advertisers on television, this year either. This is unlike the trend in the past two years when […]

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