Industrial IoT startup Flutura gets $7.5 mn from Vertex Ventures, others

Industrial IoT startup Flutura gets $7.5 mn from Vertex Ventures, othersBengaluru-based industrial internet of things (IIoT) startup Flutura Decision Sciences and Analytics, run by Flutura Business Solutions Pvt. Ltd, has raised $7.5 million (around Rs 50.2 crore) in funding led by Vertex Ventures. Lumis Partners as well as existing investor and Big Data startup fund The Hive also put money in the round, the company […]

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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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Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

AlibabaChinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential investments to build a strong logistics infrastructure before launching its horizontal marketplace platform in the country. Citing two unnamed people aware of the development, The Economic Times reported also that Alibaba was considering infusing more funds […]

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Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

AlibabaChinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential investments to build a strong logistics infrastructure before launching its horizontal marketplace platform in the country. Citing two unnamed people aware of the development, The Economic Times reported also that Alibaba was considering infusing more funds […]

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Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

AlibabaChinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential investments to build a strong logistics infrastructure before launching its horizontal marketplace platform in the country. Citing two unnamed people aware of the development, The Economic Times reported also that Alibaba was considering infusing more funds […]

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Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

AlibabaChinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential investments to build a strong logistics infrastructure before launching its horizontal marketplace platform in the country. Citing two unnamed people aware of the development, The Economic Times reported also that Alibaba was considering infusing more funds […]

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Vertex Ventures raises $151M to invest in enterprise, cloud startups

Vertex-VenturesCalifornia-based Vertex Ventures (not the same as Temasek’s VC arm that also operates under a similar name) has raised $151 million in its debut early-stage fund named Vertex Ventures US Fund I, LP, according to a disclosure filed with the US Securities and Exchange Commission. It raised this amount from a total of 43 investors. […]

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