Bluestone narrows revenue gap with Caratlane

For-Bluestone-CarrotLane-Results-Story-TC_ThinkstockPhotos-454983451The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore for 2015-16 from Rs 120.4 crore the […]

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Queue management app Sminq acquires software service provider CodePandora

thinkstock-queue-_fePune-based Sminq India Solutions Pvt. Ltd, which runs queue management app Sminq, has acquired Codepandora, a UX-focused software service provider, in a cash-and-equity deal. The CodePandora team has joined Sminq and all its members will be part of the stock rewards programme at Sminq, the company said. “CodePandora team has been one of our technology […]

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Weekly Startup Tracker: Bengaluru ventures get most cheques as deals buzz gets louder

Startup trackerThe week saw startup deal activity pick up with as many as 19 companies being funded, up from just seven during the previous week. Bangaluru-based startups stole the show by bagging the most number of first cheques. Mumbai-based bike tour operator Enfield Riders Pvt. Ltd, which conducts motorcycle tours, raised just under half a million […]

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Wealth management app Fisdom raises $1.1 mn from Saama Capital

fisdom2Bengaluru-based Finwizard Technology Pvt. Ltd, which runs wealth management app Fisdom, has raised $1.1 million (Rs 7.3 crore) from Saama Capital. The company will invest these funds in technology, to expand its team and acquire customers, it said in a statement. Fisdom was founded by Subramanya SV, Ramganesh Iyer and Anand Dalmia in September 2015. […]

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Dhingana founders’ chatbot app Mezi raises $9 mn

MeziArtificial intelligence chatbot shopping app, Mezi, operated by Mez Mobile Inc, has raised $9 million (Rs 60 crore) in Series A funding from Saama Capital and American Express Ventures besides existing investor Nexus Venture Partners. Amit Singhal, former senior veep and head of Google Search, and Gokul Rajaram, product engineering lead at Square, are joining […]

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Online financing platform Lendingkart raises $32 mn in Series B funding

Seed_funding_junaidOnline financing platform for small and medium enterprises (SMEs) Lendingkart has raised $32 million (around Rs 205 crore) in its Series B funding round led by Bertelsmann India Investments (BII). The round also saw participation from Darrin Capital Management and existing investors Mayfield India, Saama Capital and India Quotient, according to a press statement. The […]

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Queue management app Sminq gets funding from Blume Ventures, Saama Capital

Queue management app Sminq, operated by Pune-based Sminq India Solutions Pvt Ltd, has secured $1 million (about Rs 6.7 crore) from Saama Capital, Blume Ventures and other investors. Angel investor Vaibhav Domkundwar also put money in this round, the company said in a statement. Suresh Shanmugham, co-founder and managing partner at Saama Capital, will join […]

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Can equity crowdfunding work in India?

crowdfundingEntrepreneurs in the US now have access to a new class of investors, the unaccredited investors. In other words, any individual who has the cash can now become a startup investor in the US. Prior to this, only individuals whose net worth along with their spouse exceeded $1 million were allowed to invest in startups […]

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Showcase your startup to acclaimed investors @ Techcircle Startup 2016 Bengaluru

pppppThe Bengaluru edition of Techcircle Startup 2016, a flagship event on India’s startup ecosystem, will provide entrepreneurs and investors plenty of opportunities to connect with each other. Techcircle Showcase is one such platform that will enable a set of handpicked innovative startups to make an elevator pitch to a jury of angel investors, a houseful […]

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