Flipkart, Snapdeal unlikely to remain key players: Mahesh Murthy

Mahesh-MurthyInvestor Mahesh Murthy is known for not mincing words. The co-founder of Seedfund says several businesses in India have been created with the idea of selling to industry giants, signalling greed of both entrepreneurs and investors. He is also least bothered about the valuation markdowns of some consumer Internet firms, saying it will clear the […]

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Paytm’s Sharma, Mahesh Murthy on cloud 9 as Musk hints at summer launch for Tesla

It was just a 23-character tweet. But it came from Elon Musk, the maverick founder of electric vehicles giant Tesla Motors. And it was enough to leave the poster boys of India’s startup community euphoric. In response to a question from an apparent Tesla fan, who asked, “eagerly waiting for Tesla to launch in India. […]

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Logistics-tech startup Browntape raises capital from Gati

For-Gati-Ltd-Story-TC_ThinkstockPhotos-4950598412Hyderabad-based logistics firm Gati Ltd has invested $3 million (around Rs 22 crore) in Goa-based cloud software startup Browntape Technologies Pvt. Ltd, it informed stock exchanges. Browntape, founded by Gurpreet Singh and Piyush Goel in 2012, was a part of GSF accelerator’s second batch. It makes cloud-based software, which online merchants can use to manage […]

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Why Ola’s capital dumping barb is silly, hypocritical and has no merit

Ola“There is an urgent need for adequate regulation to curb predatory pricing and capital dumping in the ecosystem in the interest of co-existence of all players in the ecosystem,” Pranay Jivrajka, chief operating officer of Ola, was quite vocal in his criticism of what the cab-hailing service’s ‘unnamed rival’ is doing to distort the taxi […]

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Exclusive: Digital content platform Sportskeeda eyes fresh fundraise

Porush JainBangalore-based Absolute Sports Pvt. Ltd, the company behind online sports content platform Sportskeeda, is looking to raise funds to grow its business, its chief executive said. The Seedfund-backed company has hired YES Securities to raise $4 million to $5 million to invest in technology such as analytics that would help it understand user behaviour and […]

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Exclusive: Online counselling startup YourDOST raises funding from SAIF Partners, others

Fund_mukul_feBangalore-based YourDOST, an online counselling and psychological support platform, has raised $1.2 million (around Rs 8 crore) in a funding round led by venture capital firm SAIF Partners, according to VCCEdge, the data research platform of VCCircle, and filings with the Registrar of Companies (RoC). Existing investors Aprameya Radhakrishnan, co-founder, TaxiForSure; Phanindra Sama, co-founder, redBus; […]

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Exclusive: NDTV scouts for strategic partners for e-commerce ventures

Vikram-Chandra-ndtvNew Delhi Television Ltd is actively scouting for strategic partners for its e-commerce ventures and is open to selling a majority stake in some of them to generate funds to sustain its loss-making core broadcast business. Click here for full article.

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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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Online fashion portal Voonik secures $5M in Series A funding from Sequoia Capital and Seedfund

Voonik Technologies Pvt.Ltd, which operates a portal dealing with apparels from multiple online stores, has raised $5 million (Rs 30.5 crore) in Series A funding from Sequoia Capital and Seedfund. Voonik.com will use the funds to enhance its personalisation and style recommendation technology, as per a press statement. Founded in 2013 by Sujayath Ali and […]

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Seedfund’s partners plan separate $60M consumer internet-focused fund

Two of the three co-founding partners of early stage venture capital firm Seedfund are planning to split out to launch a new $60 million fund that will focus on consumer internet startups in the country, according to a report published byThe Economic Times.  Praveen Gandhi and Bharati Jacob, who co-founded Seedfund along with Mahesh Murthy, are said […]

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