India: Price comparison app Voodoo raises $1m from SAIF Partners

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Delhi-based Voodoo Technologies Pvt. Ltd, which owns and operates deals and price comparison app Voodoo, has raised $1 million in a seed round from SAIF Partners, the company said in a statement on Tuesday. The app was launched last week and the company claims to have over 1,200 downloads so… Read more »

Indian hyper-local delivery firms seek fresh sources of revenue to sustain margins

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As concerns around profitability hover around hyper-local delivery companies, start-ups such as Grofers and PepperTap are looking for newer avenues such as advertising to sustain margins. Grofers (run by Locodel Solutions Pvt. Ltd) and PepperTap (Nuvo Logistics Pvt. Ltd), which currently work on a commission-based model, are in talks with… Read more »


IFC plans $25m investment in online grocery store BigBasket

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The International Finance Corp.(IFC), the World Bank’s private lending arm, is planning to invest $25 million in Bangalore-based Supermarket Grocery Supplies (SGS) Pvt. Ltd., the company that owns and operates online grocery retailer BigBasket.com, to finance the expansion of the company’s wholesale trading and supply business in India. BigBasket is currently present… Read more »


India: Travel portal Tripoto gets funding from 500 Startups, IDG Ventures, and others

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Travel portal Tripoto has raised an undisclosed amount in funding from Silicon Valley-based seed fund and startup accelerator 500 Startups, IDG Ventures, and Advantedge fund. Other investors who participated in the round include Neeraj Arora, vice-president at Whatsapp, and Leon Seynav, chairman of Stanhope Capital LLP, the company said in… Read more »


India: E-commerce biggies Flipkart, Snapdeal, Amazon go to war this week

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Starting today, online retailers will offer big discounts, engage in a pricing war, create cheeky ads on social media and poke fun at their rivals, as they try to outdo each another in the race to generate record revenues in the most important sale period of the year. Snapdeal, the… Read more »


India’s B2B industrial goods marketplace Bizongo secures seed funding from Accel Partners

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Mumbai-based B2B marketplace for industrial goods Bizongo has raised an undisclosed amount in seed funding from Accel Partners. The funds will be used by the platform to build a unified platform for businesses in the plastics, chemicals and packaging industries, pegged at $170 billion, to buy and sell products/raw materials,… Read more »


Hungry? China’s food delivery apps bite into Yum revival

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As China’s economy stutters, growing numbers of diners on a budget are tapping into smartphone applications to snap up meal delivery deals, spelling big trouble for fast food chains like Yum Brands Inc’s KFC and Pizza Hut. People like Li Jiali, a 20-year-old Shanghai student, say they have all the… Read more »


Growx ventures to invest upto $3m in startup funding, betting on Fintech and logistics, says Ashish Taneja

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Delhi-based growx ventures,an angel/seed investor in 18 startups, including hyperlocal marketplace Qyk, home-chef aggregator BiteClub, recipe discovery app BetterButter and logistics startup Locus, is set to close another 3-4 seed and angel investments worth about $2-3 million within the next six months, and is also in the process of raising a structured fund… Read more »


After dominating online travel in Europe, Booking.com targets China, US growth, says chief executive Darren Huston

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After its rapid ride to dominance in online travel in Europe over the past decade, Booking.com is seeking to expand in China and the U.S., its CEO said in an interview. Darren Huston, who heads both Booking.com and its U.S. parent company Priceline Group, said Booking.com is targeting a 20… Read more »