Take a cab, don’t buy a car’ is urban India’s newest trend, still nascent but likely to get stronger, as both experts and auto companies think.
MakeMyTrip has invested $5 million in Bona Vita Technologies Pvt Ltd, a startup founded by former Snapdeal chief technology officer Amitabh Misra.
He now has big ambitions for Droom. The portal which has about 6,500 listings, charges an online fee of about 2% for customers.
Companies like Myntra and Snapdeal have so far hired 8-10 McKinsey consultants each, Paytm will have another 8-9.
Realty portal Housing.com aims to close down some business units and renew its focus on building new products to generate advertisement revenue
Wrig Nanosystems, a medical technology startup founded by an IIT Delhi graduate, has raised Rs 15 crore in funding from Flipkart, Ranbaxy and Fortis and Round-Glass Partners’
ManageMySpa, a software solution startup founded by Silicon Valley returned serial entrepreneur Sudheer Koneru, has raised $6 million from Accel Partners.
The private equity arm of Fidelity is in advanced talks to lead a Rs 96 crore fundraising round in Mumbai-based CredR.
Billion-dollar cracker for Diwali: Flipkart, Snapdeal shore up capital for the upcoming festive season
Flipkart is said to be raising $1 bn from existing investors at a post-money valuation of $15 bn, according to two sources familiar with the plan.
UpGrad, in which Screwvala plans to personally invest Rs 100 crore over the next two years, will also launch courses for new tech economy.
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