Realtors rush for last-mile funding to meet Deadlines

The real-estate sector is seeing a spike in demand for last-mile funding as the 2016 Real Estate (Regulation & Development) Act ratified in 2017 and a shift in home buyers’ preference to late stage and ready-to-move-in structures pressure projects under construction for completion. In the backdrop of changing regulatory and business environment, the pressure is mounting on developers to deliver…

Oppo makes first India investment with funding for digital firm POPxo

Digital media startup POPxo has raised Rs 37 crore in a round led by South Korean company Doosan Corporation’s investment arm, Neoplux, and Chinese mobile company Oppo, which has made its first investment in the Indian market. Existing investors, including Japanese firm GREE Ventures, IDG Ventures India, Kalaari Capital and Philippines-based Summit Media, also participated in the round. The funds…

Saama Capital raises $100 mn for fourth India VC fund

Indian venture capital firm Saama Capital has raised $100 million (Rs 650 crore) for its new fund, just a little over a year after making the final close of its third fund in January last year. The latest fund–Saama Capital IV Ltd–was raised from a set of 59 investors last week, as per a filing with the US Securities and…

Samsung Ventures invests $4.6M in Israeli audio search startup Audioburst

Samsung Venture Investment, an affiliate of Samsung Electronics that specialises in fostering startups, said on Monday that it has invested $4.6 million in an Israel-based firm Audioburst. Established in 2015, Audioburst operates a platform that provides customized audio content to users by analysing their listening patterns, interests, and preferences. The South Korean tech giant said the investment was made through…

#10 Must Have Behavioural Traits For Every Entrepreneur

Entrepreneurship is the new craze and many youngsters, as well as experienced professionals, are now exploring ways to have their own start-ups. The government is encouraging start-ups in a big way and we have seen an exponential growth in the number of new ventures opening every day. To ensure your enterprise thrives grows and does not die a premature death,…

Salesforce to acquire MuleSoft for $6.5 billion

Salesforce announced today that it has signed an agreement to acquire MuleSoft, a company that makes software to integrate disparate enterprise software systems. The mixed cash and stock deal is worth approximately $6.5 billion, according to a press release. The tech titan plans to use MuleSoft’s technology to power a new Salesforce Integration Cloud, which will help customers connect multiple…

SoftBank leads $62 mn funding round in Grofers at lower valuation

Gurgaon-based online grocery startup Grofers India Pvt Ltd has raised Rs 400 crore (around $62 million) led by existing investor SoftBank, according to a media report on Friday. The Times of India reported that existing investor US-based Tiger Global and Russian billionaire Yuri Milner also participated in the round. The investment saw Grofers’ valuation fall by 20% to $300 million…

How Incubators and Accelerators are Changing the Game for Indian Start-ups

Once home to the mythical Indian rope trick and turbaned Maharajas, India today proudly boasts of the third largest number of start-ups worldwide. The history of Indian start-ups can be traced back to the birth of the Indian information technology industry in 1984 followed by the launch of the first commercial internet service by VSNL around a decade later, in…

Building war chest: Bharti board’s nod to Rs 16,500 crore fundraise

Bharti Airtel board on Monday approved a proposal to raise up to Rs 16,500 crore through a combination of privately placed non-convertible debentures and foreign currency bonds for conducting treasury operations. In its ongoing efforts to raise funds to reduce debt as well as meet the competitive challenges posed by Reliance Jio, the Bharti Airtel board on Monday approved a…

Payments company Pine Labs raises $82 mn led by Actis

Pine Labs, a digital retail payments platform, has raised $82 million in a Series F financing round led by Actis, a leading investor in emerging markets. US-based Altimeter Capital also participated in the latest funding round to become a new investor in Pine Labs. Actis will get a board seat for its investments in Pine Labs while Altimeter Capital will…

1 2 3 7