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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Uber launches web interface for customers wary of downloading apps

Uber_free2In a move that signifies that the app-only model of consumer-facing internet companies may be limiting their reach and use, cab hailing company Uber has launched a web interface, dial.uber.com, which allows users to book a cab directly from their smartphone without downloading the app. For now, the service has been launched in Nagpur, Kochi, […]

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Powerhouse Ventures, others invest $500K in online jewellery marketplace Joolz

jooz_feMumbai-based GemSwipe Ltd, which runs online jewellery marketplace Joolz, has raised $500,000 (Rs 3.3 crore) in a pre-Series A funding round led by Powerhouse Ventures and M&S Partners. Other investors including Ah! Ventures; Deepak Kasthwal, former CFO of Ola; PKX Thomas, former technology head of Cleartrip; and Mahesh Ahuja, CEO Brittman India, also participated in […]

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Coolpad launches Mega 2.5D for Rs 6,999; can it lure selfie lovers?

Coolpad Mega 2.5DChinese smartphone manufacturer Coolpad launched Coolpad Mega 2.5D in India, targeting a significant market share in the under Rs 8,000 smartphone market in the country. The smartphone, targeted at selfie lovers, is priced at Rs 6,999 and will be available exclusively via Amazon in variants of Gold, White and Black. Coolpad Mega 2.5D comes with […]

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Tech services provider to housing communities Zipgrid raises $200K via crowdfunding

fundMumbai-based MyAashiana Management Services Pvt. Ltd, which operates Zipgrid, a platform providing technology-led services to housing and commercial communities, has raised around $200,000 (over Rs 1.3 crore) in funding through crowdfunding platform 1Crowd. The company will use the funding to expand its footprint, strengthen technology and enhance operations, it said in a statement. “Around 72% […]

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This for That, a platform for women in constant search of newness

NThis-for-That2Tanya rummages through her wardrobe every morning for clothes to wear for the day. Her life comes to a standstill as she struggles to break the monotony, and snap out of boredom but cannot, given the same old clothes and colours in her stock. Shopping regularly is not an option as it burns a huge […]

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Roposo hires Anand Jha as design head, Saurabh Khullar as sales chief

Anand Jha Saurabh KhullarGurgaon-based Relevant e-solutions Pvt. Ltd, which runs fashion discovery app Roposo, has hired former Delhivery executive Anand Jha as head of design and Saurabh Khullar as head of sales. Jha will look after the entire user interface and experience while Khullar will be responsible to set up monetisation channels across India for the fashion social […]

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Modasta raises $1.5 mn in angel funding

Pankaj-Pandey_feBangalore-based Tasman Drive Software Pvt. Ltd venture, which operates health content portal Modasta, has raised $1.5 million (Rs 10 crore) in funding from a consortium of Mauritius-based high-net-worth individuals (HNIs). The funds will be used for business growth, technology upgrade, talent acquisition and marketing outreach activities, it said in a statement. “The healthcare industry is […]

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