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Fashion portals like Freecultr, Zovi and Fashionara on verge of closure
Unsuccessful attempts to raise money or find buyers is forcing some of these portals, which had resorted to deep discounting to lure customers.
Hyperlocal logistics startup Opinio raises $1.3 million from Accel
Accel had first put in seed funding along with incubator TracxnLabs in Apr...
FreshMenu raises Rs 110 crore in new round of funding
The deal values the startup at around Rs 300 crore ($45 million) according to two peopl...
Oyo Rooms in talks to raise funds from Softbank, may enter unicorn club
The deal will also give SoftBank — founded by Masayoshi Son — a larger role in the Indian travel market, where online penetration is much higher as compared to retail.
Sequoia Capital leads $18 million investment in Craftsvilla
Craftsvilla, a Mumbai based online marketplace for ethnic products, has raised $18 million in a second round of funding led by Sequoia Capital.
Regional language apps all the rage, to have 250 million users in next 3 years
About 250 million Indians from smaller towns and cities will come online in the next three to four years to create content and converse in regional languages through these apps.
FreshMenu close to raising Rs 31 crore from Lightspeed Venture
The funding will mark a continuing run of success for Bengaluru-based family office that has helped portfolio companies successfully raise follow-on funding.
LocalOye.com to ramp up hiring by year-end
From a 25-member team in March this year, it intends to scale up employee strength to 500 by end October this year.
ItzCash promoter Ashok Goel commits Rs 100 crore investment for payment bank foray
Payment banks have attracted a prominent set of investors from industrialists like Future Group's Kishore Biyani and Sun Pharma’s Dilip Shanghvi.
SoftBank invests Rs 630 crore in OYO Rooms
SoftBank has picked online aggregator of budget hotels OYO Rooms for its latest investment in India, by leading a Rs 630-crore funding round.
Startups see creative destruction
Consolidation continues in the Indian consumer internet space as early-stage companies are unable to shore up fresh funds amid a slowing financing environment.
Food tech companies like FreshMenu and Box8 ramp up apps for growth
Food-technology companies FreshMenu and Box8 are focusing heavily on mobile-apps to increase sales and customer experience.
Short on cash? From online shopping to restaurant bills, RedCarpet will pay for you
The startup helps finance online purchases - including travel tickets and restaurant bills - which can be repaid in interest-free installments.
Indian VC funds rope in tech, product talent as investor profile begins to slowly change
Since there's been an absence of enough company founders with exits, most of the funds had to hire from consulting firms earlier.
Consolidating startup inc: Budget-hotel aggregator Oyo Rooms starts talks to buy Zo Rooms
Oyo Rooms, which is backed by Japan’s SoftBank, was estimated to be worth about Rs 2,500 crore ($400 million) after its latest funding round in August when it received $100 million.
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