Eyewear Startup Lenskart Planning Manufacturing Frames In House

Eyewear Startup Lenskart Planning Manufacturing Frames In House

Eyewear Startup, Lenskart run by Lenskart Solutions Pvt. Ltd., by next month it will move manufacturing and assembly to a new facility in Manesar, on the outskirts of Haryana, newest lens-cutting machines and automated assembly and sortation systems will be implemented there which could deliver 20,000 frames a day, more than three times Lenskart’s installed capacity presently. […]

Indian eCommerce Giant Flipkart & eBay India Merger Completed

Indian eCommerce Giant Flipkart & eBay India Merger Completed

Indian eCommerce giant, Flipkart, has now completed the deal of acquisition with the online auction site eBay India. With this, eBay.in will now be a Flipkart Group company. Though Flipkart will own and operate eBay.in with immediate effect, the latter will function as an independent entity even as the two firms explore opportunities in cross-border […]

PayTM Acquired Majority Stakes Of Online Ticketing Platform Insiderdotin

PayTM Acquired Majority Stakes Of Online Ticketing Platform Insider.in

Digital payment startup PayTM acquired majority stakes of Online ticketing platform Insider.in backed by event management company Only Much Louder (OML) for about US 5.4Mn (INR 35 crores). This acquisition will enable hundreds of millions of PayTM customers to discover a wide selection of events and book instantly through Insider. Shreyas Srinivasan, Online Ticketing Platform […]

Online Travel Startup Goomo Secured US$50Mn From Emerging India

Online Travel Startup Goomo Secured US$50Mn From Emerging India

Online Travel Startup, Goomo, has secured US $50 million (INR 321.6 crore) from from a Mauritius-based fund manager Emerging India. With this funding, Goomo planning to enter the OTA (Online Travel Agents) market in India. The raised capital will be used in building an online platform, products, marketing and establishing its off-line partner network. Commenting […]

Online Fashion eCommerce Startup StalkBuyLove Raised US$1Mn From Trifecta Capital

Online Fashion eCommerce Startup StalkBuyLove Raised US$1Mn From Trifecta Capital

Online fashion eCommerce startup, StalkBuyLove owned by Ad Victoriam Ventures Pvt Ltd, has raised $1 million in venture debt from Trifecta Capital. The raised capital will be used to strengthen its supply chain technology and expand its team. Online fashion eCommerce startup StalkBuyLove was founded in 2012 by Tushar Ahluwalia and Nishrit Shrivastva in Delhi. […]

AgriMarketing Platform Ninjacart Raised US$5.5Mn From Accel Partners, Nandan Nilekani’s NRJN Trust

AgriMarketing Platform Ninjacart Raised US$5.5Mn From Accel Partners, Nandan Nilekani’s NRJN Trust & Others

B2B AgriMarketing Platform, Ninjacart, has raised US $5.5 Mn from Accel Partners, Nandan Nilekani’s NRJN Trust, Mistletoe, Qualcomm Ventures, and M&S Partners. The raised capital will be used to expand the team and invest in supply chain automation, technology and data science, said the startup. AgriMarketing Platform NinjaCart was founded in May 2015 by Thirukumaran […]

Sales Intelligence Startup - PipeCandy

Sales Intelligence Startup PipeCandy Raises US$1.1Mn Seed Funding

Sales Intelligence Startup, PipeCandy, has raised US $1.1 million in seed round from IDG Ventures India, Axilor Ventures, Emergent Ventures and Indian Angel Network. The raised capital by the PipeCandy will be deployed to expand the data science team as well as venture into other categories such as healthcare and commercial real estate. Sales Intelligence Startup […]

Ecommerce Solutions Provider Infibeam Incorporation Acquired DRC Systems

Ecommerce Solutions Provider Infibeam Incorporation Acquired DRC Systems

Ecommerce solutions provider, Infibeam Incorporation Ltd., acquired DRC Systems Pvt. Ltd. through its wholly-owned subsidiary NSI Infinium Global Pvt Ltd for an undisclosed financial amount. DRC Systems provides cloud enterprise ERP solutions and develops customised software for e-commerce applications. Infibeam has been engaging DRC Systems’ services to provide customised BuildaBazaar solutions to its merchants in […]

Invoice Discounting Platform - KredX

Invoice Discounting Platform KredX Acquired NewYork Based Startup Hummingbill

Invoice Discounting Platform, KredX, acquired New York headquartered Accounts Receivables Management software startup Hummingbill for an undisclosed sum. This acquisition will help KredX to enhance its technological capabilities on Accounts Receivables side along with the addition of the talent pool from Hummingbill. KredX also aims to enhance its customer experience, optimize invoice delivery, tracking, follow-ups […]

Online Lending Platform - CreditMantri

Online Lending Platform CreditMantri Secures US$7.6Mn In Series B Funding From Quona

Online Lending Platform, CreditMantri, has raised US $7.6 million (about INR 51.4 crore) in a second strategic round of Series B funding from Quona Capital and others. The funding round was led by Accion Frontier Inclusion Fund, managed by Quona Capital along with Newid Capital and existing investors Elevar Equity, IDG Partners and Accion Venture […]