Sharan Poovanna

India: Home services startup Zimmber close to raising up to $7m from Snapdeal, others

The potential to scale up in the sector has attracted blue-chip investors like Tiger Global, Bessemer Venture Partners, Vertex Ventures, Qualcomm Ventures, Omidyar Network, IDG Ventures, Matrix Partners, Accel Partners and SAIF Partners.

India: Ratan Tata, University of California team up to fund startups over next 10 years

RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California have partnered to jointly fund start-ups and enterprises in India over the next 10 years. Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested in more than 25… Read more »

Seed fund & incubator Investopad launches third centre in Bengaluru

Investopad, a seed fund and early-stage incubator, has launched its third centre in Bengaluru which can house 20 start-ups at a time over a period of six months, the company said on Thursday. The platform helps entrepreneurs with resources in design, digital marketing and recruitment and connects them to other… Read more »

India: Local-service startups UrbanClap, Housejoy, QuikrServices to battle for dominance

With no clear leader in the market, the three companies have built a war chest to fund their fight.

India: JetSetGo raises undisclosed funding from Puneet Dalmia

A JetSetGo executive said the firm has raised close to $2 million from Puneet Dalmia, who invested in his personal capacity

India: On-demand concierge service JoeHukum raises seed funding from TraxcnLabs, others

On-demand concierge service provider JoeHukum (formerly GoGetSpeedy) received seed fund from TraxcnLabs and other private angels led by Jitendra Gupta of Citrus Payments and Prashant Tandon of HealthKart. The company that started operations in July 2015 and is currently present in Delhi NCR aims to use the money to expand… Read more »

India: Health Vista acquires drug distributor Medybiz Pharma in cash, stock deal

Health Vista India Pvt. Ltd, which runs home healthcare solutions provider Portea Medical, has acquired speciality pharmaceutical distributor Medybiz Pharma Pvt. Ltd for an undisclosed consideration in cash and stock. The acquisition will help accelerate Portea’s penetration of India’s chronic disease market. According to the company, non-communicable diseases (NCDs) currently… Read more »

Indian online home services sector in consolidation mode

When Srinivas Rao opened Snoways, a laundry services chain in Bengaluru in 1995, life was good. Those were the days before the Internet, and Rao’s annual sales ran into a few crores of rupees. However, a dozen years later, Rao sold off his business to a larger rival as he… Read more »

India: News start-up ScoopWhoop Media secures $4m funding from Kalaari Capital

Internet media and news start-up ScoopWhoop Media Pvt. Ltd raised $4 million from Kalaari Capital, the company said on Wednesday. The funds will be used to fund the expansion of ScoopWhoop talkies, its video production unit. The company, which was launched in 2013 and focuses on young audience in India,… Read more »

India: Online service provider LocalOye lays off 60 employees

Online service provider LocalOye, run by Imma Imma Web Pvt. Ltd, on Monday said it has laid off 60 employees, mostly from its call servicing units, as the online home services company automates more processes. The company, which offers a platform to connect consumers to plumbers, electricians and beauticians, among… Read more »