Losses at Sequoia-backed Faasos widen four-fold as expenses mount

Faasos1Pune-based quick service restaurant chain and online food delivery company Faasos Food Services Pvt. Ltd saw losses widen four-fold in financial year ended March 2016, mainly on account of higher expenses, show filings with the Registrar of Companies (RoC). Losses for FY16 stood at Rs 111.1 crore compared with Rs 24.4 crore in the previous […]

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Revenue from international markets may outpace that of India’s: Practo’s Shashank ND

Shashank NDThe fresh fund infusion of $55 million led by Tencent has reaffirmed investor confidence in healthcare firm Practo. According to estimates, the latest round of funding puts the company’s valuation well past $600 million. The Series D funding round announced on Tuesday also saw the participation of three new investors – Russian venture capital (VC) […]

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Practo raises $55 mn in Series D round led by Tencent

PractoDigital healthcare platform Practo has raised $55 million in Series D funding led by existing investor China’s Tencent. Practo Technologies Pvt Ltd, which runs a doctor-appointment site and offers an ad platform to clinics, hospitals and diagnostic centres, also saw participation from three new investors—Russian venture capital (VC) firm ru-Net, Japan’s Recruit Holdings’ investment arm […]

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Exclusive: AppsDaily gets $2 mn in bridge round from Kalaari, others

AppsDailyMobile app development and distribution company AppsDaily Solutions Pvt. Ltd has raised $2 million (around Rs 13.5 crore) in a bridge round of funding, regulatory filings show. The Mumbai-based company received funding from existing investors Kalaari Capital, Qualcomm Ventures, Russian venture capital fund ru-Net and Zodius Technology Opportunities Fund, shows information available with VCCEdge, the […]

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