Asuka Holdings, existing investors back real estate firm Property Share

infra-shahjunaid_feBangalore-based Property Share, which offers investors fractional ownership of properties, has raised an undisclosed amount in a fresh round of investment led by Japanese venture capital investor Asuka Holdings, Kunal Moktan, founder and chief executive of the startup told VCCircle. Existing investors Pravega Ventures and Beenext also participated in this round. Owned and operated by […]

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Alibaba to invest $177 mn in Paytm E-Commerce, hike stake to 62%

AlibabaPaytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (Rs 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt. Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding Ltd, a financial daily reported on Thursday. Alibaba will invest $177 million (Rs 1,182 crore) […]

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MakeMyTrip-SAIF Partners is exit of the year: VCCircle Awards

VCCircle Awards 2017Venture capital and growth equity investment firm SAIF Partners has won the News Corp VCCircle exit of the year award for its wonderfully-engineered exit from NASDAQ-listed MakeMyTrip Ltd, wherein it pocketed more than 16 times the money it invested in stages, underlining the importance of patience in the space. SAIF had first invested in the […]

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Practo, Simplilearn, SAIF Partners among winners of VCCircle Awards

award_feDigital healthcare platform Practo, ed-tech firm Simplilearn and diagnostics chain Thyrocare were among the winners at the sixth edition of VCCircle Annual Awards, which recognise the best-performing private equity and venture capital-backed companies and transaction advisers. Private equity firm Multiples Alternate Asset Management Pvt Ltd, venture capital firm SAIF Partners and private-sector lender RBL Bank […]

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SAIF Partners checks out of MakeMyTrip with multi-bagger returns

MAKEMYTRIP-FEVenture capital and growth-equity investment firm SAIF Partners has fully exited MakeMyTrip Ltd, according to the Nasdaq-listed online travel services provider’s filings with the US Securities and Exchange Commission. The investment firm sold its remaining stake in MakeMyTrip in the October-December for about $150 million, according to VCCircle estimates. This takes the total amount that […]

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Holiday marketplace TravelTriangle raises $10 mn in Series B funding

TravelTriangleOnline travel agent marketplace TravelTriangle has raised $10 million in Series B funding led by Singapore-based RB Investments. The funding round also saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners. Noida-based Holiday Triangle Travel Pvt Ltd, which runs TravelTriangle, will use the funds to accelerate growth, expand operations […]

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Housejoy FY16 losses widen 20-fold on higher ad spend, employee costs

home_feHome services startup Housejoy’s revenue rose nearly 32 times in FY16, but losses also went up 20-fold as employee costs soared and the company spent more on advertising and promotions. The company, run by Sarvaloka Services On Call Pvt. Ltd, reported total revenue of Rs 17.1 crore against Rs 54.43 lakh in the previous year, […]

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PropTiger-Housing deal to be signed this week

PropTiger-HousingOnline property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in the online real estate or […]

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NoBroker raises $7.4 mn led by Korea’s KTB Network

For-NoBroker-Story-TC_ThinkstockPhotos-515968676Bengaluru-based NoBroker Technologies Solutions Pvt. Ltd, which runs a peer-to-peer (P2P) property listing portal for renting homes NoBroker.com has raised $7.4 million (Rs 50 crores) s an extension to its Series B round, the company said on Monday. The funding round was led by South Korean KTB Network and existing investors, SAIF Partners, BEENEXT and […]

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Social networking app Pulse raises $500K from SAIF Partners

For-Pulse-Story-TC_ThinkstockPhotos-531313679Pulse, a social networking app that enables users to stay connected with their college or school communities, has raised $500,000 (around Rs 3.4 crore) in funding from venture and growth capital fund SAIF Partners. Pulse, owned by Instalively Livestreaming Pvt. Ltd, provides users a full-screen visual experience of colleges around them, with customised stickers. The […]

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