eCommerce Major - Snapdeal

eCommerce Major Snapdeal All Set To Fire 30% Of Its WorkForce In Next 2 Months

eCommerce Major Snapdeal aims to trim about 30% of its workforce over the next two months, according to Gurgaon-based company reported to Economic Times. The report quoted four people aware of the downsizing plan as saying that around 1,000 staff members directly employed by the company will be let off apart from nearly 8,000 contract […]

ANT Financial Acquired US Payment Firm MoneyGram

ANT Financial Acquired US Payment Firm MoneyGram For US$880Mn To Expand In USA

Alibaba group affiliate ANT financial (Ant Financial Services Group) is all set to buy the US Payment Firm MoneyGram (press release) for US $880 Million to expand their market in the USA. Ant Financial is paying about US $13.25 per share for NASDAQ-listed MoneyGram. The deal is to be subjected to regulate which approves in expected to […]

Ex-IIT Delhi's Jyoti Bansal's AppDynamics An Application Intelligence Software Platform Acquired By Cisco For US$3.7Bn

Ex-IIT Delhi’s Jyoti Bansal’s AppDynamics An Application Intelligence Software Platform Acquired By Cisco For US$3.7Bn

An ex-IIT Delhi graduate Jyoti Bansal has just sold the company he founded eight years ago in April, 2008 in the US San Francisco, AppDynamics –  a leading application intelligence software platform, to Cisco for US $3.7 Billion. After the acquisition completed, Bansal owns 14% stakes of the company. So he’ll get about US $520 […]

Online Wedding Planning Startup - WeddingZ

Online Wedding Planning Startup Weddingz.in Raised US$1Mn From Singularity Ventures

Mumbai-based online wedding planning startup including venues and vendors, Weddingz.in, has raised nearly US $1 million (Rs 6.8 crore) from Singularity Ventures. This development was first reported by TechCircle. In February last year, Weddingz.in, run by Mumbai-based L-Fast Brands Pvt Ltd, had raised an undisclosed amount in pre-Series A funding from consumer-centric venture fund Sixth Sense […]

Parenting Social Network Startup - TinyStep

Flipkart Invests US$2Mn In Parenting Social Network Startup TinyStep

Bengaluru-based parenting social network startup, Tinystep running under WeHive Technologies Pvt. Ltd., has raised US $2 Million funding (about INR 13.6 crore) from e-commerce major Flipkart. Earlier Tinystep received seed investment from Flipkart itself in January 2016, In September last year, the e-commerce firm put in INR 10.6 crore ($1.58 million) in the parenting social network through […]

Real Estate Portal - ZoloStays

Real Estate Portal ZoloStays Raised US$5Mn Series A Funding Led By Nexus Venture Partners

Bengaluru-based real estate portal ZoloStays (previously known as Zelo) has raised US $5 (about INR 26 crore) million in Series A funding led by existing investor Nexus Venture Partners. Venture debt from Innoven Capital also participated in this round of funding for US $660K (INR 4.5 Cr). The raised capital will be used by the […]

Leading Tech Giant Tech Mahindra Launching InovateMK An Incubator In UK

Leading Tech Giant Tech Mahindra Launching InovateMK An Incubator In UK

India’s leading tech giant Tech Mahindra is launching InovateMK, which is an incubator and will help startups in the new town of Milton Keynes area in the UK. The incubator will help more than 50 entrepreneurial ventures in the region in the coming two years. InnovateMK is also supported by the some of the best […]

Real Estate Aggregation Portal - Square Yards

Real Estate Aggregation Portal Square Yards Raised US$10Mn Investment

India’s largest real estate aggregation portal, Square Yards, has raised US $10 million investment in the form of convertible notes from multiple individual investors primarily based outside India including global beauty brand L’Occitane CEO Andre Hoffman and the family office of Kanpur-based Lohia Group. The notes are issued for a fixed term at a pre-determined […]

Online Payments Technology Firm - Fino Paytech

Online Payments Technology Firm Fino Paytech Raises INR 400 Crore For Payments Bank

Online Payments Technology firm and soon-to-be-launched payments bank, Fino Paytech, announced the completion of its INR 400 crore fund raising exercise. In the process the company has also complied with RBI’s guidelines on having majority domestic shareholding. Online Payments Technology firm Fino Paytech is a payments technology solutions provider to banks, financial institutions and MFIs. […]