Wooplr gets $8 mn in Series B round from Sistema Asia Fund, others

For-Wooplr-Story-TC_ThinkstockPhotos-488217130Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million (around Rs 53.6 crore) in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC, it said in a statement. The round also saw participation from Singapore-based private equity […]

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Wooplr gets $8 mn in Series B round from Sistema Asia Fund, others

For-Wooplr-Story-TC_ThinkstockPhotos-488217130Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million (around Rs 53.6 crore) in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC, it said in a statement. The round also saw participation from Singapore-based private equity […]

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Exclusive: Ola CMO said to have quit, CFO Bansal may follow suit

OlaTop-level churn seems to be brewing at Ola with its chief marketing officer (CMO) Raghuvesh Sarup said to have quit the cab-hailing company, according to multiple people aware of the development. Two persons with direct access to the information told Techcircle that chief financial officer (CFO) Rajiv Bansal may also be on his way out. […]

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Fashion app Wooplr secures funding from Facebook’s Anand Chandrasekaran

For-Wooplr-Story-TC_womens-fashion-890817_1920_pixabayWooplr Technologies Pvt. Ltd, which runs a fashion discovery app for women, has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran. Chandrasekaran has come in as an individual investor in the round that was recently closed with Astarc Ventures, Arjun Zacharia, chief executive of Wooplr told TechCircle.in. TechCircle.in had first reported in […]

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Fintech startup for healthcare services Affordplan raises $3 mn

For-Health-Tech-Story-TC_ThinkstockPhotos-483702756Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, raised $3 million (Rs 20 crore) in Series A round from venture capital firms Prime Venture Partners and Kalaari Capital. Founded by former TaxiForSure senior executives Tejbir Singh and Hemal Bhatt in December 2015, Affordplan had raised Rs 3 […]

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Exclusive: Fashion discovery app Wooplr gets funding from Astarc Ventures

Fashion_tcWooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery app for women, has received an undisclosed amount of funding from Astarc Ventures, a person familiar with the development told TechCircle. A top executive at Astarc and a Wooplr co-founder confirmed the fundraise but didn’t disclose more details. The executives didn’t wish to be named. […]

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A sneak peek into biggest M&A deals in India’s ecomm, Internet segments

games_gfx_feAs investors turn their focus on unit economics and profitability, funding for tech startups and consumer Internet companies has tightened. This has not only resulted in a number of shutdowns in the segment but has also pushed companies to strike merger and acquisition deals. Fashion e-commerce aggregator Voonik, for instance, acquired three startups in June […]

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Ola shuts TaxiForSure unit, lays off up to 1,000 people

OlaCab-hailing company Ola has shut its TaxiForSure unit and is laying off as many as 1,000 employees, people with direct knowledge of the development told TechCircle, as the SoftBank Group Corp-backed firm tightens its belt to take on US-based rival Uber. About 90% of the staff being laid off from TaxiForSure works in operations such […]

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TaxiForSure founder, others invest in Hyperlocal delivery startup Daily Ninja

Daily-Ninja_founders2Hyperlocal delivery startup Daily Ninja, operated by Daily Ninja Delivery Services Pvt. Ltd, has raised an undisclosed amount in a pre-Series A round of funding from a group of investors, led by existing investors Aprameya Radhakrishna, founder of TaxiForSure and Venk Krishnan of NuVentures. The funds were raised via the LetsVenture platform and Tracxn Syndicate, […]

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What Ola can learn from Didi Chuxing on its battle against Uber

ola_feChinese cab-hailing firm Didi Chuxing, the main local competitor for Uber Technologies Ltd in China, has just raised an incredible $7.3 billion in fresh financing. The latest round brings DidiChuxing’s war chest to about $10.5 billion, against the $11.5 billion on Uber’s balance sheet. Questions have been asked about why Didi Chuxing needs this kind […]

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