- Edtech Startup EduAce Raises $1 Mn From Mobile Internet Company MoMagic Lucknow-based edtech startup EduAce Services has raised $1 Mn (about INR 6.6 Cr.) in seed funding from Delhi-based mobile Internet company MoMagic Technologies. Founded in 2012 by Gaurava Yadav and Kalpana Singh, EduAce Services, uses quizzes to teach students and has ‘School Quiz League – Pratibha Ki Khoj’ as a flagship programme. The startup derives its […]
- Ecommerce Portal For Dental Products, MyDentistChoice, Raises Seed Funding Hyderabad-based MyDentistChoice, an ecommerce portal for dental products, has raised $150K in seed round of funding from a US-based angel investor, reported BS. Founded by P Sivaprasad in 2014, the startup claims to have a customer base of 3,00,000 dentists and 500 dental colleges. It has reached its first revenue target of INR 1 Cr. […]
- Ed-Tech Startup iDreamCareer Secures Funding From Times Group’s Brand Capital Delhi-based iDreamCareer.com, an ed-tech startup, has raised an undisclosed amount in funding in Pre-Series A funding from media house BCCL’s (Bennett, Coleman and Company Ltd) strategic investment arm Brand Capital. The raised capital will be used for brand building and marketing purpose. Founded in 2013 by Ayush Bansal & Pravesh Dudani, iDreamCareer.com, provides career planning […]
- Flipkart To Take 20 Brands To Court Over Payment Dues; Seeks To Recover Crores Ecommerce giant Flipkart is looking to file case against over 20 companies to recover its dues from them for not paying for placing ads on its (Flipkart’s) website. “There are about 20 Indian and foreign companies which haven’t paid and the dues are in the range of INR 90,000 to crores of rupees each,” said a […]
- CarDekho Acquires Virtual Reality Startup Volob Technologies Noida-based Volob Technologies, a virtual reality startup, has been acquired in an all-cash deal by CarDekho.com, an auto portal. The acquisition will help CarDekho.com’s 3D visualisation capabilities through technologies like virtual reality and augmented reality. Tarun Kumar, co-founder of Volob, said, “Joining CarDekho.com will help us provide solutions which can enable automotive industry deliver life-like […]
- DriveU Acquires CallAtHome, An On-Demand Chauffeurs Provider Bangalore-based DriveU, a firm that aggregates on-demand drivers for private car owners, has acquired Gurgaon-based on-demand driver service provider CallAtHome, for an undisclosed amount. Founded by Alok Inamdar, Satyendra Singh and Anubhav Sood with an objective ‘To be every car owner’s personal driver’, CallAtHome is a tech based on-demand driver service in Gurgaon offering customers […]
- Accel To Raise About $400 To $500 Mn In Its Fifth India-Focused Fund Venture capital firm Accel Partners is all set to raise a $400 Mn to $500 Mn in its fifth India-focused fund, which is expected to close by the year-end, reported ET. In the past one year, Accel has doubled its seed stage investments for about $500K to $1-2 Mn. “Initial conversations about the new fund […]
- InMobi CFO Manish Dugar Quits; Joins Practo Healthcare startup Practo has appointed Manish Dugar (CFO at mobile ad network InMobi) as its global CFO. Apart from India, Practo is also present in countries including Singapore, the Philippines, Malaysia, Indonesia and Brazil, becoming one of the few homegrown consumer Internet startups to capitalise on some of the high-growth, but largely untapped global markets. […]
- Karnataka Transport Authorities Seize About 110 Cabs Including That Of Ola And Uber Besides other taxis, bad days for cab aggregators Ola and Uber continue as about 110 cabs were seized by transport authorities in Bangalore yesterday (Thursday), reported ET. Near Yeshwanthpur, Hebbal, Nagawara and Mekhri circle, the transport department found taxis and cabs plying in violation of rules. The authority said: These aggregators have not obtained licences […]
- Zurich Based Reinsurer Company Swiss Re To Launch Fintech Startup Accelerator Reinsurer company Swiss Re Group is looking to launch a fintech startup accelerator in Bangalore this July, to focus on Indian startups, specifically the ones within the insurance sector, reported ET. According to Alok Kumar, MD at Swiss Reinsurance company, 3 core themes will define the selection of fintech players. These three areas include internet […]
- Now Book Bus, Flight Tickets And Order Food Through Snapdeal App Snapdeal has announced strategic partnerships with Cleartrip and Redbus for travel, and Zomato for food orders, but without investing in them, reported HT. Separate icons for travelling and food ordering will be introduced on the Snapdeal app. The three companies have shared their application programme interface (API) with Snapdeal, which will charge a small commission […]
- Emergency Response App MUrgency Raises Funding From Axilor San Francisco-based MUrgency Inc., an emergency response app, has raised an undisclosed amount of funding from Axilor Ventures. Founded in 2014 by Shaffi Mather and Sweta Mangal, MUrgency is a mobile app that connects people who need emergency response in real-time. Besides, it also makes the nearest emergency responder (doctor, nurse, paramedic, ambulance, etc.) available […]
