Wooplr gets $8 mn in Series B round from Sistema Asia Fund, others

For-Wooplr-Story-TC_ThinkstockPhotos-488217130Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million (around Rs 53.6 crore) in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC, it said in a statement. The round also saw participation from Singapore-based private equity […]

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Wooplr gets $8 mn in Series B round from Sistema Asia Fund, others

For-Wooplr-Story-TC_ThinkstockPhotos-488217130Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million (around Rs 53.6 crore) in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC, it said in a statement. The round also saw participation from Singapore-based private equity […]

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Flashback 2016: InMobi grapples with eroding confidence, losses

inmobi-3On New Year’s Day, India’s first ‘unicorn’ InMobi will turn 10 years old. But that milestone doesn’t necessarily mean celebrations are in order, for it had a forgettable 2016, what with the failure of its discovery-led mobile commerce platform Miip, exodus of talent and a choppy mobile ad market. A company that once galloped through […]

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Alibaba Group’s global MD Gowrappan joins Paytm board

PAYTM_Ankit_feAlibaba Group’s global managing director K Guru Gowrappan has joined Paytm’s board as an additional director. This marks the third top-level appointment in the digital wallet firm during the last one week. On October 20, Paytm announced that Amit Singhal, the former head of Google search, will join Paytm’s board of directors, while on October […]

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Exclusive: Fashion discovery app Wooplr gets funding from Astarc Ventures

Fashion_tcWooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery app for women, has received an undisclosed amount of funding from Astarc Ventures, a person familiar with the development told TechCircle. A top executive at Astarc and a Wooplr co-founder confirmed the fundraise but didn’t disclose more details. The executives didn’t wish to be named. […]

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Fashion app Wooplr gets funding from InMobi, TaxiForSure founders

wooplr_feWooplr Technologies Pvt Ltd, which runs a platform enabling hyperlocal discovery of products and commerce called Wooplr, has received an undisclosed amount of funding from InMobi and TaxiForSure founders. All InMobi co-founders – Naveen Tewari, Abhay Singhal, and Amit Gupta and chief product officer Piyush Shah; TaxiForSure co-founder Raghunandan G; and former Puma India CEO […]

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Exclusive: Home décor marketplace Houzify gets seed funding

Houzify, a mobile marketplace for home décor and interior designs, is set to raise seed capital from former Infosys CFO TV Mohandas Pai and InMobi co-founder Naveen Tewari, sources said. Gunaseelan R, co-founder of Houzify (run by Metamarket Pvt Ltd), declined to comment on the development. “Our fund raising (process) is in progress and we […]

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Paytm parent One97 adds top, WhatsApp and Inmobi executives to its board

Mobile commerce and virtual wallet property Paytm has appointed WhatsApp’s global business head Neeraj Arora, InMobi founder Naveen Tewari and Facebook’s first woman engineer Ruchi  Sanghvi  to its board of directors. “Ruchi, Neeraj and Naveen all come with tremendous internet commerce experience with highly renowned brands. We look to bring global talent and best practices […]

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No plans to sell out to Google; IPO is what we look at, says InMobi’s Naveen Tewari

Rubbishing rumors of a possible acquisition by internet giant Google, Bangalore and San-Francisco-based InMobi has said that it would rather plan an initial public offering (IPO), according to a report published by The New York Times. “InMobi was always talking to other companies about partnerships but we wanted to keep InMobi independent and eventually sell […]

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InMobi claims to have reached over 1B mobile devices in Q4, 2014

Bangalore- and San Francisco-based InMobi claims that its mobile ad network reached over a billion unique mobile devices across 200 countries in Q4, 2014, adding that it is the only mobile-first advertising platform to reach this milestone. This is an increase of close to 15 per cent from 872 million active users per month across […]

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