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.
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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.
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