Funding story In this age of online ordering of goods, hyperlocal delivery systems have become extremely essential, particularly for small businesses (merchants). Hyperlocal delivery startup Opinio has played a huge role in revolutionizing the logistics industry. The startup recently succeeded in raising $7 million in Series A funding from logistics...
Sminq- a Queue Management App secured seed funding of $1 million led by venture funds Saama Capital and Blume Ventures with participation from angel investor Vaibhav Domkundwar of micro-venture firm Better Inc. Suresh Shanmugham, (M.D., Saama Capital) will be joining the board following this investment. Launched in July 2015, startup aims...
Salesforce.com Inc. to invest $100 Million to its forthcoming New Startup fund. The Salesforce company exploring the ways to upgrade its Application and Business software services through new investments in startup programs. Salesforce Ventures the corporate investment body of Salesforce.com Inc. launched new Salesforce Platform Fund on Tuesday to support...
Funding update The year 2016 is gearing up to be a great one for e-commerce marketplaces. E-commerce enabler KartRocket recently raised USD 6 million(Rs. 40.5 crore) in funding led by Bertelsmann India Investments (BII). Among other participants in this round were existing investors Nirvana Digital India Fund, Nirvana Digital Investment...
Naspers, a South Africa based Internet and Media investment firm to invest in iBibo, which is an existing investor in this group. ibibo passed the statement to confirm the USD 250 million funding from its existing major shareholder Naspers. Another existing investor is Tencent which is based in China.         Nasper and...
Funding story 2015 is turning out to be a great year for payments solutions startups. After Citrus’s raising of $25 million in Series C funding last week, one of its main rivals, RazorPay, has also notched up a significant success, raising a total of $11.5 million, from Tiger Global and...
Funding story The diversification of the luxury goods segment, propelled by ever-increasing consumer demands has resulted in a huge boom in the ethnic products sector. Online marketplace for ethnic products Craftsvilla looks set to make it big in this sector. The company, set up by Manoj and Monica Gupta in...
Funding story The food tech sector has seen several topsy-turvy changes over the past year. Inspite of the dire straits which some food tech startups, such as Dazo, SpoonJoy and TinyOwl have found themselves in, the sector as a whole continues to display enormous potential. One of the most promising...
Funding story Coupon platforms are of immense importance in improving the overall consumer experience, by allowing them to discover excellent discount options conveniently. One of the foremost such coupon and cashback platforms is Cashkaro, which was founded by Swati and Rohan Bhargava. The Gurgaon-based startup recently managed to raise Rs....
Delhi: VISIT, a Delhi-based startup, that provides on-demand health care services, has raised seed funding from MapmyIndia. MapmyIndia is a marquee technology company established out of New Delhi. The startup plans to use this amount for further technology improvement being used in the app. Vaibhav Singh, the co-founder of VISIT...