Why Inventus’ Kanwal Rekhi doesn’t regret giving Flipkart, Snapdeal a miss

Kanwal RekhiMany moons ago, Kanwal Rekhi and John Dougery, the founding partners of Inventus Capital, carefully examined two fledgling e-commerce ventures but passed up the investment opportunity. The two startups—Flipkart and Snapdeal—have eventually gone on to become unicorns valued several billion dollars. However, the Indian-American businessman and investor Rekhi has no regrets about not taking a […]

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Info Edge invests $147K more in Diro Labs

Invest_thnk_stockHiring portal Naukri.com’s parent Info Edge (India) Ltd has invested an additional Rs 1 crore (roughly $147,000) in contacts management startup Diro Labs, the company said in a stock exchange filing. Earlier this year, Info Edge had invested Rs 3 crore ($450,000) in the company. With the new investment, Info Edge now holds 14.77% stake […]

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Exclusive: Ideal Insurance’s upcoming online platform gets funding

fundingKolkata-based insurance broking firm Ideal Insurance is all set to launch an online insurance platform christened 121Policy.com that will primarily focus on health insurance. The company has raised an undisclosed amount from former Just Dial chief technology officer Sandipan Chattopadhyay’s technology incubator Xelpmoc. The company is beta testing the portal currently and plans to launch […]

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Exclusive: Insurance marketplace for rural India GramCover gets funding from Omnivore

GramCoverVenture capital firm Omnivore Capital, which is in the process of raising its second India-focused fund, has made yet another investment in the rural sector, a person privy to the development told VCCircle. The firm, which makes early-stage investments in agricultural and food technology companies, has backed GramCover, which is an insurance marketplace for the […]

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Naukri parent Info Edge backs Diro Labs, Unnati Helpers

stakeInfo Edge (India) Ltd has invested in contacts management venture Diro Labs and housekeeping services provider Unnati Helpers, as the parent of hiring portal Naukri.com spreads its bets on startups. The company said in a stock-exchange filing on Wednesday that it purchased an 11.5% stake in Diro Labs for Rs 3 crore (about $450,000) and […]

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Mount Nathan commits $1M investment in RenewBuy

insuranceRenewBuy, an online auto insurance platform, has raised its second angel round of funding worth $500,000 (Rs 3.3 crore) from existing investor Mount Nathan Advisors, a Singapore-based investment banking and advisory firm, through its investment entity Havelock Road LLP. Mount Nathan will be putting $500,000 more within three months in the firm, RenewBuy’s co-founder and […]

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