Ritesh Aggarwal to buy shares worth $2 bn in OYO; partial exits for Lightspeed, Sequoia

Binu Paul

Ritesh Aggarwal will buy shares worth $2 billion in Oravel Stays Private Limited, owner of budget hotels chain OYO, in a primary ....

19 July, 2019

ShopClues lays off 200 employees as it runs out of M&A options

Binu Paul

Ecommerce marketplace ShopClues has laid off about 50% of its workforce as the going gets tough for the Gurugram-based company ....

19 July, 2019
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Innoviti sues Sequoia-backed Pine Labs for copying patented technology; wins ex-parte injunction

Binu Paul

Bengaluru-based fintech firm Innoviti Payment Solutions Pvt. Ltd has won an ex-parte injunction against digital retail payments ....

18 July, 2019

Co-working space provider Awfis to raise $13 mn

Binu Paul

Co-working space provider Awfis Space Solutions Pvt Ltd will be raising $13 million (Rs 90 crore at the current exchange rate) ....

17 July, 2019

Blume Ventures, Rainmatter invest $1 mn in commodities platform Procol

Binu Paul

New Delhi-based Procol, a procurement platform for the commodity industry, has raised a seed round of $1 million (Rs 6.8 crore ....

17 July, 2019

MyMoneyMantra raises $15 mn from European investors

Binu Paul

Financial services distributor MyMoneyMantra has raised $15 million (Rs 104 crore at the current exchange rate) from European ....

17 July, 2019
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Warburg, SAIF-backed Rivigo lays off staff, revokes campus job offers: Report

Binu Paul

Logistics-technology firm Rivigo Services Pvt Ltd, funded by Warburg Pincus and SAIF Partners, has laid off about 70-100 employees ....

17 July, 2019

OYO acquires Innov8, moves into co-working business with two more brands

Binu Paul

SoftBank-backed hospitality unicorn OYO has officially announced its foray into co-working business with the acquisition of Delhi-based ....

16 July, 2019

Flipkart incentivises sellers to offer discounts

Binu Paul

Walmart-backed e-commerce platform Flipkart has introduced a new initiative to incentivise sellers, effectively circumventing ....

16 July, 2019

Treebo lays off 150 people as budget hotels aggregator runs out of funds

Binu Paul

Bengaluru-based Ruptub Solutions Pvt. Ltd, which operates budget hotels aggregator Treebo, has laid off as many as 150 employees ....

15 July, 2019
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Amazon to invest in Fairfax-controlled Quess Corp

Binu Paul

E-commerce giant Amazon will invest Rs 51 crore ($7.4 million) in Bengaluru-based business services provider Quess Corp Ltd. Quess ....

15 July, 2019

Warburg, SAIF lead $65 mn growth round in logistics platform Rivigo

Binu Paul

Logistics-technology firm Rivigo Services Pvt. Ltd has raised $65 million (Rs 444 crore at current exchange rate) funding led ....

11 July, 2019

PayU India sees another top exit; Xiaomi’s Shunwei Capital may invest in Yulu: Reports

Binu Paul

Online payment company PayU’s India founder and managing director Shailaz Nag has resigned from the firm, The Economic Times ....

11 July, 2019

Uber partners Bengaluru citizens’ group to promote sustainable mobility

Binu Paul

Ride-hailing company Uber Technologies Inc. has announced a partnership with Bangalore Political Action Committee (B.PAC), a non-partisan ....

10 July, 2019

HealthAssure raises $2.5mn Series A funding from Blume Ventures, eyes acquisitions

Binu Paul

Primary healthcare services aggregator HealthAssure has raised $2.5 million (Rs 17 crore at the current exchange rate) in a Series ....

9 July, 2019

Tencent joins fintech startup NiYO Solutions’ Series B round

Binu Paul

Finnew Solutions Pvt Ltd, a Bengaluru based fintech startup that offers neo-banking services under the brand NiYO Solutions, has ....

9 July, 2019

US-based General Catalyst may participate in Cred’s Series B round: report

Binu Paul

General Catalyst Partners, a US-based venture capital firm focused on early stage and growth investments, is likely to take part ....

9 July, 2019

China’s Fosun RZ Capital, Axilor back social audio platform Headfone

Binu Paul

Diacoustic Labs Private Limited, a Bengaluru-based startup that owns social audio platform Headfone, has raised $750,000 (Rs 5 ....

9 July, 2019

OYO founder aims to regain substantial stake in hotel chain: Report

Binu Paul

To tighten his grip on the company, OYO Hotels and Homes founder and chief executive Ritesh Agarwal is in the midst of buying ....

8 July, 2019

TikTok suffers legal setback; SoftBank to invest up to $4 bn more in India

Binu Paul

The Supreme Court has refused to allow a plea by short-video app TikTok which sought to transfer a case against the company in ....

5 July, 2019

Exclusive: SAP Labs MD, angels bet on Matrix-backed logistics startup Loadshare

Binu Paul

Bengaluru-based logistics startup Loadshare Networks Pvt. Ltd has raised an undisclosed sum from a group of angel investors in ....

3 July, 2019