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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Forest fire blazing through Indian startup ecosystem: Inventus’ Kanwal Rekhi

Kanwal-Rekhi_feKanwal Rekhi, co-founder and managing director at VC firm Inventus Capital Partners, has been a known sceptic of the capital-intensive model of India’s e-commerce companies. At the News Corp VCCircle LP Summit 2017 in Mumbai, he was in sublime form, mincing no words when quizzed about issues plaguing the country’s leading consumer internet companies. Speaking […]

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MakeMyTrip-ibibo merger: What it means for hotel aggregators

MakeMyTrip-ibibo mergerThe merger between MakeMyTrip and Naspers-owned ibibo Group could benefit hotel aggregators in India in more ways than one. To begin with, it will reduce cash burn and discounting, founders of several hotel aggregation platforms told TechCircle. On Tuesday, NASDAQ-listed and India’s oldest online travel company MakeMyTrip Ltd agreed to buy ibibo Group in the […]

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MakeMyTrip, goibibo and redBus brands will co-exist, says Ashish Kashyap

Rajesh-Magow-and-Ashish-Kashyap3In February 2000, MakeMyTrip founder Deep Kalra walked out of eVentures’ office near Churchgate station in Mumbai as he was not happy with the valuation that Neeraj Bhargava, managing partner of eVentures India, offered his startup. But on his way to the airport, Kalra had a second thought. He picked up his phone and called […]

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Ixigo partners with Uber, RedBus for its train travellers

Partnership_Thinkstock2Ixigo, a mobile travel marketplace run by Le Travenues Technology Pvt. Ltd, has announced a partnership with RedBus and Uber, to enable instant booking of cabs and buses from the Ixigo trains app. With the partnership, Uber and RedBus will expand their reach to Ixigo’s 10 million user base of train travellers, the company said […]

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Travelyaari raises $7 mn from BCCL, GVFL

Aurvind Lama, CEO, Travelyaari.comOnline bus booking platform Travelyaari has raised $7 million in its Series B round led by Gujarat Venture Finance Ltd (GVFL), Bennett Coleman & Co Ltd (BCCL) and other investors. The fresh capital will be used for product development as well as business growth. Travelyaari is looking to integrate more than 500 bus providers with […]

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Goibibo rolls out travel-based social network

goibobo_01Online travel agency (OTA) Goibibo.com, part of South African digital media firm Naspers, has rolled out a travel social network on its mobile app titled, ‘GoContacts’ which enables users to get connected on Goibibo app using their phone books. “By launching GoContacts, we are further strengthening the network effects on the Goibibo. The 3.4 million […]

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Naspers takes redBus global; launches bus ticketing service in Singapore, Malaysia

Online travel group ibibo, part of South African media conglomerate Naspers Ltd, is taking its bus ticketing service redBus to overseas shores by launching operations in Singapore and Malaysia. redBus would enable travelers to book bus tickets between the two South-East Asian countries in addition to inter-city travel within Malaysia, as per a press statement. […]

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