ShopClues raises Rs50 crore from InnoVen Capital in debt

Online marketplace ShopClues has raised Rs 50 crore from InnoVen Capital in debt according to reports. But It is very rarely seen that a unicorn startup is going for venture debt. Start-ups typically raise debt when they are running short

ShopClues co-founder Sandeep Aggarwal files defamation case against other co-Founders, wife Radhika and Sanjay Sethi

ShopClues co-founder Sandeep Aggarwal today said he has filed a criminal defamation case against other co-founders — Sanjay Sethi and estranged wife, Radhika — in Delhi courts earlier this month alleging them of downplaying his role in the creation of

Shopclues joins India’s startup unicorns list after raising Series E round led by GIC

Gurgaon based E-commerce platform Shopclues, has raised an undisclosed amount of funding in its Series E round led by GIC, the largest sovereign wealth fund of Singapore. Existing investors including fund Tiger Global Management and Nexus Venture Partners participated in this round

ShopClues partners with South Korean trade body, opens Indian Market to wholesalers from SEAsian countries

ShopClues has partnered with a South Korean trade body to enroll 30,000 wholesale merchants, allowing them to sell directly to Indian businesses and consumers through its online marketplace. According to ET ShopClues will provide cataloguing, delivery payment and customer support

Shopsity raises seed funding from founders of ShopClues & Netprice

Anti e-commerce startup Shopsity has raised an undisclosed amount of funding from Sandeep Aggarwal, founder of ShopClues and Droom, and Teruhide Sato, founder of Netprice.  The Delhi-based company will deploy funds for expansion, hiring bright talents and spruce-up technology capabilities.

ShopClues launches financing platform for small and medium businesses

Ecommerce player ShopClues has launched a financing platform Capital Wings to help its merchants raise funds to expand their business online. The objective is to enable merchants with ambition to scale their business to newer heights “ShopClues has partnered third-party

35 Top Online Shopping sites in India – Shopping Sites List 2017

Online shopping sites in India are changing the way we buy products for our daily use. These online shopping websites not only provide better convenience but also offer great pricing and deals. With an increase in the number of shopping

Interview With Xavier Prabhu – Founder at PRHUB

Interview With Xavier Prabhu – Founder at PRHUB. With offices located in Delhi, NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Kochi with corporate headquarters in Bengaluru, PRHUB have a strong partner network in 100 cities across India, placing us among India’s

‘Flip’ the eBay India Kart and ‘Snap’ every ‘Deal’ that aids you!!

The last week has been spent by each and everyone in over-analyzing the Flipkart+eBay India merger clubbed with the massive USD1.4bn equity infusion by three large mammoths- eBay US, Tencent and Microsoft and a potential Snapdeal+Flipkart Merger. So the questions

Entrepreneurs at 61 – Gurgaon Couple setting an example with Sukhivastra

Is there any right age for a startup? Entrepreneurs have different opinions on this.  But we must admit that there is no age restrictions for starting something. After reading this inspiring story of Sukhbir Singh Rathee ( Retired Civil Eng from

IITs Stand 4th in the Global list for Producing Unicorn Founders

Indian Institute of Technologies Stand 4th in the Global list for Producing Unicorn Founders a report by Sage, a U.K-based accounting software firm said this week. IIT Stands at 4th position with 12 Founders. According to the report, 12 out of

Cracking the Startup Puzzle in India – Cashflow or Growth

As India accelerates in entrepreneurship today, there are plenty of startups rising in the country including a number of promising and innovative ones. In fact, India is the fastest growing and the third largest startup eco-system in the world. This

Women Entrepreneurs – Meet 100+ Successful Women Entrepreneurs in India

Women Entrepreneurs India – A number of businesses have begun and boomed, or begun and bombed in the year gone by – it’s definitely been an interesting year in the world of startups. What’s good to see is that so

Mobikwik raises $50 Mn funding led by Japan’s GMO-PG & Taiwanese Mediatek

MobiKwik, India’s one of largest independent mobile payments company has raised about $50 million funds led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek. The investment is being made jointly with major US venture capital firm Sequoia

9 Indian Unicorns – Everything you need to know about

Unicorns are venture-backed private companies valued at $1 billion or more. India has its own billion-dollar startup club; the Indian Unicorn club which have now 9 startups. [easy-tweet tweet=”VC Backed Indian Companies which are valued over $1Billion” user=”@bizztor_” hashtags=”#startups”] Companies which are valued

100% FDI in E -Retail – What Industry Experts Had to say on this

DIPP has clarified that 100 per cent FDI is only for the marketplace format of e-commerce, where the company provides a platform to act as a facilitator between buyers and sellers – and not for the inventory-led model. The press

Meet 17 New Age successful Indian Entrepreneurs who are just brilliant

Let’s take a look at 17 of these inspiring young Indian Entrepreneurs who are changing the game for their generation and taking Indian Entrepreneurship to the next level. These New age young entrepreneurs had proved themselves with their out of box

Mumbai Angels,Purvi Ventures and other Individual Angel Investors invest 2.7cr in ‘Advantage Club’

Advantage Club, India’s largest mobile first platform for corporate-employee benefits has raised 2.7cr from Purvi Ventures, Mumbai Angels and other Individual Angel Investors. The funds will be used to enhance the product with analytical features, allowing better individual and corporate

India start-ups at risk as investors close taps, Narendra Modi fund falls short

After pumping billions of dollars into Indian Internet startups in the last 24 months, global investors are cutting that flood back to a trickle as dreams of huge online sales are clouded by soaring valuations and still-distant profits. Even as

Significant traction in startup investments in 2015: Grant Thornton

Investment momentum in startups has witnessed a rapid rise in the last five years and in 2015, over 600 companies got funded with more than $2 billion being deployed by PE and VC funds. According to assurance, tax and advisory

Consolidation, customer experience to be key for startups in 2016

Consolidation and customer experience are expected to be the buzzwords for startups this year as entrepreneurs focus on bringing in innovation across sectors like education, healthcare and financial inclusion. Consolidation is a natural progression, but one can expect more big

3 among 6 Partners decide to Quit from Helion Venture; may soon start a new fund

3 out of 6 partners at one of the country’s pivot venture funds Helion Venture Partners – which is an investor in companies like Big Basket, Shopclues, TaxiForSure, MakeMyTrip and redBus, among others – have decided to quit and may look to

India’s most prolific and influential investor Tiger Global Management raises $2.5 billion

Tiger Global Management, amongst the most prolific and influential investors in the Indian startup sector, has raised a new global fund of $2.5 billion for investments in private companies, according to a filing with the US regulator Securities & Exchange

Cashback site CashKaro raises $3.7 million funding from Kalaari Capital

Gurgaon Based Cashback & coupons site has raised $3.7 million in its first round of institutional funding from Kalaari Capital. CashKaro’s Series A round comes at a time when Indian e-commerce players are increasingly pushing cashback offers to prop up sales.

Mobile wallet company MobiKwik to raise $50-100 million to drive expansion

Mobile wallet company Mobikwik plans to raise $50-100 million (about Rs 325-650 crore) in the next few months to fund its expansion across online and offline platforms. MobiKwik has, so far, raised close to $30 million (about Rs 195 crore)

Voodoo – mobile only digital assistant app goes live; raises $1M from SAIF Partners

How often do you shop using your mobile phone? Don’t you wish that there was someone who would quickly tell you where to find the best price for what you are buying on your mobile phone? Doesn’t it pain you

Japanese investor Teruhide Sato announces $60-million VC fund for start-ups in India, SE Asia

Japanese e-commerce operator Beenos Inc’s founder, Teruhide Sato, has set up a $60-million venture capital (VC) fund targeting investments in early age startups. The fund named “BEENEXT” will be investing in internet and mobile technology companies in India and Southeast Asia. Beenos has been

With user-friendly delivery process, Doorguy make sure you never miss a package delivery again

As life is busy these days, ordering products online has become second nature, and the shipping cost and time is only getting better. But how often have you ordered something online for your home and delivery arrived when you were

Pickingo raises funding of Rs 8.3 crore in Round 1 from Orios Venture Partners.

A Gurgaon Based Hyperlocal logistics service provider Pickingo raised funding of Rs 8.3 crore in Round 1 from Orios Venture Partners. Pickingo, founded by a team of IIT-IIM graduates ( Rahul Gill, Piyush Sharma, Rishab Papneja and Siddharth Maheswari )  last

Arvind Singhal resigns as CEO of TaxiForSure

Arvind Singhal has resigned as the chief executive officer of online cab hailing service TaxiForSure citing personal reasons. Singhal was appointed CEO of the company when it was acquired by Ola in March for $200 million. Singhal had joined TaxiForSure

Investment money from Japan is flowing into Indian Internet startups.

A strong wind is blowing across India’s startup ecosystem from the east. While venture capital giant Softbank Capital has been closing landmark funding deals with India’s largest consumer internet companies, a good number of Japanese-led firms are making their way