- Funding Galore: Indian Startup Funding Of The Week [19-24 Feb 2018] We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. This week 15 Indian startups raised about $119 Mn in funding altogether and two startup acquisitions took place in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed funding amount.). One of the biggest […]
- VC Firm Nexus Venture Partners To Raise Fifth Fund Of Upto $400 Mn Homegrown VC firm, Nexus Venture Partners, is expected to raise its fifth fund targeting a corpus of $350Mn-$400 Mn. An ET reported cited three people close to the development, who said that the VC firm will increase the share of investments in US based software companies. Nexus Venture Partners was founded in 2006 by three […]
- Ecommerce Firms Flipkart And Amazon Deny Allegations Concerning Fake Products Two days after US-based athletic footwear brand Skechers filed cases with the Delhi High Court against Flipkart and four other sellers for selling fake products, the country’s leading online marketplaces, including Flipkart and Amazon, have issued statements vehemently denying these allegations. Reports of counterfeit products being sold on ecommerce platforms first surfaced when Skechers, with […]
- Delhi Court Seeks Action Report From Delhi Police On Complaint Against Ecommerce Sites Amazon India, E-Bay, Shopclues A complaint has been filed against ecommerce players Amazon India, eBay and Shopclues and their Managing Directors about an objectionable post about the online sale of ashtrays portraying a naked woman. The case came up before Chief Metropolitan Magistrate Babru Bhan, who sought an action taken a report (ATR) from the Delhi Police on the […]
- Ecommerce Post Sale Wars: CAIT Alleges Flipkart, Amazon Of Violating FDI Rules With Heavy Discounts Just after getting through their enormous festive season sales, the ecommerce incumbents have got another reason to lose their sleep. Trader’s body CAIT (Confederation of All India Traders) has reportedly alleged that the major Indian ecommerce firms might be violating the FDI rule by providing heavy discounts and indulging into retail trade activities. As stated […]
- Amazon Looks To Capture India’s Online Payments Space; Gets Wallet License From RBI From ecommerce to entertainment to food and now to wallets, Amazon is leaving no stone unturned to penetrate the Indian market. The Indian arm of the world’s biggest ecommerce company Amazon.com, Inc. has secured a licence from the Reserve Bank of India (RBI) to operate a prepaid payment instrument (PPI). As per the RBI website, […]
- News Roundup: 12 Stories You Don’t Want To Miss This Week [13 March – 18 March] This week will be marked in the history of Indian startup ecosystem with words like ‘dark’, ‘grim’ and ugly. In a most unfortunate turn of events, Stayzilla CEO Yogendra Vasupal got arrested under the charges of payment fraud. As he mentioned in his blog post on Medium, his entire team has been continuously threatened by […]
- Updated: ShopClues’ Sandeep Aggarwal Publicly Questions His Wife’s and Co-founders’ Character – Things Turn Grim For Another Indian Unicorn Update: We apologise to our readers for missing out on mentioning that Sandeep Aggarwal is an investor in Ideope Media Pvt. Ltd., the registered entity of Inc42 in his personal capacity. Also, to clarify all the facts/views mentioned in the story have been reproduced from Sandeep Aggarwal’s social media accounts and the official response sent […]
- Movers And Shakers Of The Week [27 February – 4 March] Uber CEO Travis Kalanick has asked Amit Singhal, SVP of Engineering to step down after it came to light that he had failed to disclose a sexual harassment allegation made against him at former employer Google during the hiring process. Amit joined the company just a month back. He was to head the Maps and Marketplace […]
- Learn From Failures, But Learn More From Success: When Exiting A Venture Is Acceptable [Note: This article is part of The Junction Series, which was held from January 12-14, 2017. Learn more about The Junction here!] The Junction 2017, held at the Fairmont Jaipur saw a presence of the biggest names of the tech industry. The second day of Inc42’s flagship conference The Junction began with tech enthusiasts, speakers, VCs, angel investors, […]
- News Roundup: 7 Startup Stories You Don’t Want To Miss This Week [2 January – 7 January] In the first week of the New Year, it was revealed that in order to boost the government’s Startup India, Standup India movement, the Department of Industrial Policy and Promotion (DIPP) is reportedly formulating a new set of tax concessions on employee stock options, unlisted securities and convertible instruments. The latest Union Budget is expected […]
- 2016 In Review: Top 10 Most Funded Startups Of The Year 2016 has been heralded as the year startups stopped paying attention to inflated valuation and started paying attention to sustainable business models. Course correction and managing expectations were the watchwords as January slid into June and then onto the last few days of the year. While some still insist that the startup bubble has not […]