Incredible Technologies had raised an undisclosed sum from Growthstory in June. Visual sourced from CredR website.

India’s pre-owned bike platform CredR raises $15m from Eight Roads Ventures

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Incredible Technologies Pvt. Ltd, which owns online marketplace for used two-wheelers CredR, has raised $15 million from Eight Roads Ventures, earlier known as Fidelity Growth Partners. The venture, launched by three Indian Institute of Technology, Bombay, alumni in November, raised an undisclosed sum from Growthstory, the family office of K…. Read more »

India: Fidelity arm infuses $8.5m in Shadowfax

Hyperlocal logistics service provider Shadowfax Technologies Pvt. Ltd has raised $8.5 million from Fidelity’s proprietary investment arm, Eight Roads Ventures, the company said in a statement on Friday. The firm will use the money to scale up and expand operations across the country. It currently has services across the national… Read more »


We’re chasing a billion $1 ideas: IndiGo CEO

IndiGo president and chief executive officer (CEO) Aditya Ghosh speaks in an interview about the successful traffic record of the airline, which has reported a profit every year since 2009. Edited excerpts: What did IndiGo have that was different from other airline start-ups? The secret sauce is simple. We are… Read more »


Universal Music India acquires 50% stake in Enchanted Valley Carnival

Universal Music India Pvt Ltd (UMPIL), a 100 per cent subsidiary of the world’s largest music company Universal Music Group, has acquired a 50 per cent stake in Enchanted Valley Carnival (EVC), for an undisclosed amount, as per a report in The Economic Times. Enchanted Valley Carnival, which was launched by Twisted… Read more »


Mobile advertising platform Mobvista to invest $100m in India by 2018

Global mobile advertising and game publishing company Mobvista International Technology Ltd is planning to invest as much as $100 million in its India business by 2018 with an eye on the boom in e-commerce and ad-tech space, said a report on Livemint.com. The company which counts Flipkart, PayTM, OLX, Jabong,… Read more »


For carmakers, taxi-hailing apps Ola, Uber pose fresh challenge

For generations of Indians, owning a car has been a status symbol, a clear statement of having arrived in life. The desire to buy new cars has led to choked roads and rising pollution in all major cities, as infrastructure struggles to keep pace with the car-buying frenzy. So everyone took notice… Read more »


India: Sequoia-backed Urban Ladder plans big investments to become one-stop home furnishings provider

Urban Ladder will invest about Rs.12 crore in the next six to eight months to roll out at least three new categories—floors, walls and bathroom fittings—and strengthen its décor portfolio to graduate from an online furniture store to a one-stop home furnishings provider. The company will also pump in about… Read more »


China’s Cheetah Mobile bets big on India, to invest in early stage tech startups

Chinese phone app maker Cheetah Mobile Inc is looking to invest in tech start-ups, hire talent and expand its partner ecosystem in India, the company said on Thursday. The Beijing-based firm, which is ranked the third-largest mobile utility application developer in India behind Facebook Inc. and Google Inc., has joined… Read more »


India: FitMeIn raises $100,000 from GHV Accelerator

FitMeIn, which provides users access to fitness studios and gyms on a subsidised monthly package, has raised $100,000 in a seed round from GHV Accelerator. It will use the money for technology enhancement and geographical expansion. The company is likely to lock horns with online health product vendor Healthkart’s recently… Read more »


Why Sequoia’s new India fund is a smoke signal

Most people tracking the venture capital industry will recall Sequoia Capital’s “R.I.P. Good Times” slides that leaked to the press in October 2008. By then, the US was smack in the middle of the sub-prime mortgage crisis and just a month earlier, Lehman Brothers, the country’s fourth largest investment bank,… Read more »