Sadhana Chathurvedula

India: Shipment tracking startup Roambee raises $4.1m

The US-registered company generates more than half its revenues from India, and plans to use the fresh funds for research and development and to expand to new geographies.

Indian startups call for a level playing field against global peers

India needs to create a level-playing field for start-ups to compete effectively against global companies with significantly larger capital, said Sachin Bansal, co-founder Flipkart Ltd, and Bhavish Aggarwal, co-founder Ola (run by ANI Technologies Pvt. Ltd). “There’s a fair way to compete and there’s a non-fair way to compete. What’s… Read more »

Indian startup M&As yet to scale though consolidation is on rise

Merger and acquisition (M&A) activity in India’s start-up ecosystem is increasing, but it will take two to five years more to gain scale. Start-ups that have received venture funding in the last two years will take at least that long to begin acquiring other companies or gain enough traction to… Read more »

India: Emotion recognition startup Entropik raises angel funding

Bengaluru-based Entropik Technology Pvt. Ltd has raised $200,000 in seed funding from angel investors Dileep Bhatt, president of downstream operations, JSW Steel Ltd, and Milind Chaudhary, director, Sea Global Services Pvt. Ltd. Entropik makes software that helps app developers track the emotions and context of their users on the basis… Read more »

India: Affordplan raises $3m from Prime Venture, Kalaari Capital

Affordplan, a New Delhi-based start-up run by Usekiwi Infolabs Pvt. Ltd, said on Tuesday that it had raised Rs20 crore in a Series A round from venture capital firms Prime Venture Partners and Kalaari Capital. The start-up was a part of Kalaari Capital’s incubator KStart, and had earlier raised Rs3… Read more »

It’s early days to talk Freshdesk IPO: Girish Mathrubootham

The idea that large companies cannot be built by only selling to small businesses is based on conventional wisdom, believes Girish Mathrubootham, chief executive officer and founder of Freshdesk Inc. In an interview, he insists that there is a lot more growth potential in small and medium businesses than large… Read more »

India: Knowlarity raises $20m round led by Dubai’s Delta Partners

Cloud telephony provider Knowlarity Communications Pvt. Ltd said it has raised $20 million in a series C round of funding led by Dubai-based private equity investor Delta Partners, a new investor, with participation from existing investors Sequoia Capital India and Mayfield Fund. This round also included a “small amount” of… Read more »

Indonesia’s bike app Go-Jek buys LeftShift Technologies in 4th India deal

Indonesian bike hailing app Go-Jek has acquired Pune-based app development company LeftShift Technologies Pvt. Ltd for an undisclosed amount to strengthen its product development efforts, marking its fourth acquisition of an Indian firm. LeftShift was started in 2007 by Sudhanshu Raheja and Abhinit Tiwari and hasn’t raised any venture funding…. Read more »

India: Enterprise software startups catch investor fancy as consumer internet wanes

Apart from established venture capital firms such as Accel Partners, Sequoia Capital and others that are increasing their investments in enterprise start-ups, some new funds such as Ideaspring Capital and Utilis Capital are launching with a sharp focus on enterprise deals.

Chinese investors come shopping for early stage Indian startups

This clutch of Chinese investors, who said they manage $1b between them globally, included early stage venture funds Incapital, Daguan Capital and Harmony Invest; and cos like mobile advertising firm YeahMobi, games development Hangzhou Zhexin, and Shanghai Playing Online Advertising