Logistics Company Delhivery Has Reportedly Raised Around $5 Million From Nexus Venture Partners

Delhivery, which is in the business of handling logistics for Indian e-commerce companies, seems to have raised around $5 million in a Series B round from Nexus Venture Partners, according to a report in Techcircle. There has been no official confirmation from both parties but there have been no denials either. Delhivery was in the news earlier this year for their strategic acquisition of the offline...
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Indian Angel Network To Put In 2 Crore In 6 Startups Per Year

A national network of entrepreneurs, The Indian Angel Network (IAN), has taken a decision to invest up to Rs. 2 Crores (US$ 333,000) in 6 companies per year, who focus their efforts at the grass-root level. Titled ‘IAN Impact’, it is a sub-group comprising of about 50 IAN members & has already begun the initiative with Gram Vaani, which we had covered recently. Apart from this venture, the...
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Flipkart Raises $200 Million From Existing Investors; Biggest Funding Round Yet In Indian E-commerce

Flipkart, the Indian e-commerce major, has announced that it has raised the largest amount of investment till date in the Indian e-commerce segment. The amount raised is $200 million and has been secured from existing investors Naspers, Accel and Tiger Global. The funds are to be utilized for boosting technology and supply chain capabilities in addition to improving inbound talent in the company.Flipkart...
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Kalaari Capital Invests $ 3.7 Million Into Robosoft Tech

Robosoft Technologies, a company growing in the Karnataka’s Udupi region has bagged a hefty sum of  Rs. 22 crore ($ 3.7 Million) from Kalaari Capital. The VC company now holds a minority stake within this company that custom builds applications for other companies.The company’s primary forte is conceptualizing, designing & deploying mobile based applications, explains founder-CEO Rohith...
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Ayojak Rebrands To Explara; Aims To Go Global

Ayojak has rebranded their service and is now known as Explara. The move comes as part of a larger effort to grow global. They announced the change in their official blog. Ayojak has had a good 4 year run and has powered the registration and ticketing functions of quite a few events over the years. We have used Ayojak for our WATSummit and Digital CMO events and we have to say that it worked out well...
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PolicyBazaar.com Gets $5 Million In Series B Funding From Inventus Capital And Existing Investors

Policybazaar.com,  a website which aggregates Insurance policy plans has received its third round of funding. eTechAces Marketing and Consulting Pvt. Ltd., the company behind Policy Bazaar has confirmed that they have received $5 million (Rs. 27 crore approx) in a round that was led by Inventus Capital Partners. Previous investors Infoedge and Intel Capital have also participated in this round.The...
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CIIE Partners With Village Capital To Start New Accelerator Program; Invites Applications

Aspiring entrepreneurs and startups in India  now have yet another accelerator program designed to get them to start flying. The Centre for Innovation Incubation and Entrepreneurship (CIIE) and Village Capital have joined hands to kickstart an accelerator program for aspiring technology startups. This program is designed for for profit tech startups looking to solve problems in mobile/ICT, health,...
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Valyoo Technologies Is Unilazer Ventures’ Debut e-Commerce Investment

Unilazer Ventures has chosen to step into the world of e-Commerce sector by investing in multi-portal lifestyle products e-tailer Valyoo Technologies. Along with earlier investor IDG Ventures, the duo has put in a total of Rs. 53 Crores (@ US$ 10 Million). The funds are expected to fetch a double digit stake for Unilazer in Valyoo. The company operates specific vertical niche products websites namely:...
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On ESOP’s And What Should Startup Employees Be Aware Of!

Guest Author – Alok Kejriwal – CEO Games2win.comIn an increasingly alarming rate, I have begun to receive a panic stricken call from close friends who have been cheated of their esop/ equity/promised /founder shares in start up’s and VC funded companies. This is what is I keep hearing: * There was no paper work in place while I was there, and when I left * The CFO kept changing * I...

Venture Capital Beliefs & Views On Indian Internet Space – (Must Read For Online Startups)

We had the good fortune of listening to a presentation by Ritesh Banglani from IDG Ventures India at the recently held Startup City event in Bangalore. He pointed out the assumptions and beliefs that their VC firm had on the Indian Internet space. We quite enjoyed the presentation and are sharing his points here. A must read for any internet entrepreneur looking to pitch to a VC.1) Average monetization...