Indian Startups: News
Reportedly, Paytm Mall to invest $200 million in BigBasket
As per reports by FactorDaily, Paytm Mall is in talks to acquire a majority stake in BigBasket for $200 million.
Paytm Mall gets 800 employees, will hire 2,000 more
Paytm appears to be readying itself to become the third major e-commerce entity besides Flipkart and Amazon in India. It recently shifted 800 employees from One97 Communications to Paytm Ecommerce Pvt Ltd which runs Paytm Mall.
Indian start-ups need to find the route towards profit soon
The honeymoon period is slowly coming to an end for Indian Internet firms.
Nandan Nilekani, Helion MD's $100mn fund for Indian start-ups
Infosys co-founder Nandan Nilekani and senior manager of Helion Sanjeev Aggarwal have announced a $100mn fund for promising new ventures that show potential to grow into billion-dollar companies.
Former Housing CEO Rahul Yadav joins Anuj Puri's ANAROCK
Former Housing CEO Rahul Yadav is now the Chief Product and Technology Officer at ANAROCK Property Consultants, the new venture of real estate industry stalwart Anuj Puri.
Snapdeal files FIR against former GoJavas' promoters
Snapdeal's parent company, Jasper Infotech, has registered a First Information Report (FIR) with the Economic Offences Wing of the Delhi Police against former senior executives of Quickdel Logistics which owns e-commerce logistics company GoJavas.
Bengaluru based start-up Practo being investigated for tax evasion
Bengaluru-based healthcare start-up Practo is reportedly being probed by the Income Tax department for tax evasion allegedly through a cross-border corporate restructuring.
Snapdeal-Flipkart merger comes to a halt as Azim Premji objects
According to reports, Snapdeal's merger with rival Flipkart has hit one more roadblock, which can potentially drive down the embattled firm's agreed upon valuation of $1 billion for the sale, if not jeopardize the deal completely.
Aircrafts aggregator start-up JetSetGo records 700% revenue growth
Founded as an aircraft aggregator for charter jets, Indian start-up JetSetGo has been flying high after recording growth of over 700% in revenues this year.
How can you sell and buy Digital gold on Paytm?
According to reports, Paytm's Digital Gold, which was launched on April 27 this year, has grown 100% month-on-month in sales volume.
Housing.com founders cry foul play on new owner's actions
If someone ever had to tell the story of hubris in Indian start-up space, he would talk about Housing.com.
Paytm eyes license to launch money market fund in India
The country's biggest online payments company, Paytm, is reportedly looking to gain a license that will enable it to launch a money market fund.
Supr Daily, your friendly digital doodhwala gets $1.5 million funding
Supr Daily, an Indian start-up fresh out of the Y Combinator accelerator program, has managed to rake $1.5million funding for its operations.
Flipkart eyes new avenues, entry in Fintech, more tech hires
India's home-grown e-commerce platform Flipkart is looking forward to taking the next big leap; the firm is poised to include new categories such as furniture and groceries in its foray.
Snapdeal's future gets messier with unexpected funding, issuance of shares
Just when you thought the Snapdeal saga was at its very end, there is a new twist in the tale.
Start-ups get an extended window of benefits from the government
The NDA government has now rehashed the definition of a start-up under its 'Start-up India' scheme.
Abu Dhabi plays host to two day Start-up India summit
The two-day Start-up India summit, organized by the Indian Embassy in Dubai and the Consul General of India, Abu Dhabi, in partnership with iSPIRIT, a Dubai based nonprofit think tank commenced in Abu Dhabi today.
Ola partners with Google, launches extremely lightweight app
At the Google I/O developer conference in San Francisco, Ola announced a partnership with Google to launch what is called a Progressive Web App (PWA), or a lightweight website version of their app.
NestAway eyes fresh funding, public listing after profitability
Bengaluru-based rental start-up NestAway, which caters to tenants, mainly from the 22-30 age-category, is now planning to raise around $40 million funding.
Oppo wants to invest in Indian start-ups to topple Samsung
Oppo might have lost the top-smartphone-seller tag in China to Huawei in the first quarter but that doesn't mean it's going to stop anytime soon.
Google's "Solve for India" initiative to help entrepreneurs
Google has now launched the "Solve for India" initiative with the aim to support budding developers and entrepreneurs in the country.
GoZoomo resurfaces from the dead for acquisition deal
GoZoomo made headlines when the firm decided that they would give back the unused money it had raised from the investors, as it was closing down.
Awfis Space Solutions gets $20 million from Sequoia Capital
A very brief definition of Awfis can probably be that it is a start-up that provides work-spaces for start-ups.
SoftBank's tryst with India's start-up scenario
SoftBank may have tasted failure with Snapdeal but it still believes in making a profit with its Indian investments.
BigBasket engages Grofers in merger talks eyeing SoftBank funding
According to sources, BigBasket has opened up a dialogue with its comparatively smaller rival Grofers for a possible merger.
Hike to add payments mechanism with UPI integration
Sources confirmed that Hike Messenger is all set to roll out a payment mechanism on the app which will be the first in India to be integrated with the government's UPI interface.
Snapdeal gets two fatal blows among acquisition talks
Amidst acquisition talks, Snapdeal gets hit with two more devastating incidents that could potentially cripple the already faltering home-grown e-commerce giant.
Flipkart's mergers if okayed, starts the proper e-commerce war
The market is currently ripe with rumours regarding two major Flipkart mergers - one with eBay and another with Snapdeal.
What is Flock all about?
Rival to Slack, Flock is a web-messenger tool used at work to run projects within the team.
Y Combinator: The world's most prestigious start-up school
Y Combinator, based in California is a start-up accelerator.