Refurbished goods retailer Reverse Logistics Corp is seeking a new round of funding as it looks to expand sales in other emerging markets.
E-tailer Flipkart in talks to raise $500 mn for likely US listing next year; GIC & T Rowe Price keen on investing
This round of funding could see Flipkart being valued at $5 bn (Rs 30K cr) at least, a near-doubling of the co’s valuation over the last round of funding in May.
The one-year-old company has developed an analytics tool that helps web businesses interact intelligently with their users across mobile and web.
TranServ, a prepaid payments solution provider and programme manager, has raised an undisclosed amount in a series B round led by Faering Capital's India Evolving Fund.
E-tailers such as Snapdeal, Flipkart, Shopclues and Jabong are in various stages of launching their sites in languages like Tamil, Marathi and Hindi.
According to data from audit and advisory firm E&Y, investments in early-stage companies and startups rose nearly 40% to 121 deals.
Investments in earlystage companies and startups rose nearly 40% to 121 deals with the transaction value jumping 66% to $605 million (Rs 3,630 crore).
The Delhi-based startup earlier raised $200,000, or Rs 1 crore, from Sequoia as a seed round in September 2011.
The startup is initially focusing on the Bangalore market, tying up with hospitals, such as Apollo, Fortis, Manipal, Nova Specialty and Sparsh, to help set up doctors appointments.
Silicon Valley incubator Y Combinator to invest in Delhi-based ClearSharp Tech that has 3 lakh users
Y Combinator has earlier backed other Indian startups but they have been focused on developing products for the US or global markets.
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