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Unacademy raises $1 Million from Blume Ventures and others

Unacademy raises $1 Million from Blume Ventures and others

Unacademy, the online platform for free education has just closed a new funding round worth $1 Million. The announcement comes around 5 months after the startup raised its angel round. The latest funding round was led by Blume Ventures, just like the last round. Other participants in the latest round are WaterBridge Ventures, Stanford Angels India, Traxcn Labs and a bunch of Angel investors…

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Askme lays off all employees, shuts operations

Askme lays off all employees, shuts operations

AskMe, India based online commerce platform has officially shut its operations and all the employees have been laid off. There is no official announcement yet, however, close sources to the development and employees of the company have confirmed that the employees have been asked not to come to the office anymore. The whole buzz around AskMe has been making rounds on the media since a bit of…

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Venture Catalysts raises $500k from Zaffiro Ventures

Venture Catalysts raises $500k from Zaffiro Ventures

Venture Catalysts, Mumbai based seed investment platform has raised $500k from Zaffiro Ventures at a post money valuation of $6 million. Speaking on the development, Apoorv Ranjan Sharma, Co-Founder Venture Catalysts, stated that the raised funding will help the firm to expand its presence beyond the Metropolitan and tier 1 cities across the country as well as to promote entrepreneurship. He…

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Innovaccer raises $15 Million from WestBridge and others

Innovaccer raises $15 Million from WestBridge and others

Innovaccer Inc, data analytics startup based out of Silicon Valley has raised $15.6 Million in Series A round. The investment round was led by WestBridge capital partners and it also saw participation from some of the prominent angel investors from the valley. Some of the notable names who participated in the round include former CTO of Yahoo, Raymie Stata, RouteScience Technologies Founder Herb…

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Myntra acquires stake in HRX by Hrithik Roshan

Myntra acquires stake in HRX by Hrithik Roshan

Myntra, Indian eCommerce platform has acquired HRX, the fitness and sportswear brand co-owned by Bollywood superstar Hrithik Roshan and Exceed Entertainment. The deal was disclosed by a statement issued by Myntra. The financial details of the deal were not yet disclosed, however, a few sources close to the deal have quoted through economic times that Myntra has acquired around 51% stake in the…

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Daily Delite acquires Delhi Mandi

Daily Delite acquires Delhi Mandi

Delhi Mandi, the online portal which serves as an online retailer for fruits and vegetables, has been acquired for an undisclosed amount by Daily Delite, the company which runs a number of supermarkets in Delhi NCR area. This is the second acquisition by Delhi Delite. Speaking on the development, Tushar Gupta, Co-Founder Delhi Mandi stated that the acquisition will help the parent company is…

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Verizon acquires Fleetmatics for $2.4 Billion in cash

Verizon acquires Fleetmatics for $2.4 Billion in cash

Moving on from the much hyped acquisition last week, Verizon has announced yet another billion dollar acquisition. In the latest announcement, the telecom giant announced that it is acquiring Fleetmatics for $2.4 Billion in cash. Fleetmatics is a Dublin (Ireland) based startup working in the field of telematics. The acquisition comes as a strategic move from Verizon which is trying to strengthen…

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TCV closes $2.5 Billion fund for growth-stage investments

TCV closes $2.5 Billion fund for growth-stage investments

Technology Crossover Ventures, the VC firm which has backed the likes of LinkedIn, Spotify, facebook, WorldRemit and Zillow has reportedly closed its latest fund, named as TCV IX. The latest fund is worth $2.5 Billion and the VC firm is looking to invest more in the growth-stage startups. The latest fund comes in accordance with the kind of trend we have been seeing in the market lately. There…

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BYD raises $450 Million from Samsung

BYD raises $450 Million from Samsung

Making its presence felt in the automotive industry, Samsung has invested $450 Million in China based BYD Company Ltd. BYD deals in electric cars and rechargeable batteries for smart automobiles. This investment by Samsung puts it in the league of giants like Google, Apple and Tesla who have already put in a lot of money in the automobile sector to make their brand count. The raised amount will…

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Facebook launches Quick Updates, 24 hour stories-styled feature

Facebook launches Quick Updates, 24 hour stories-styled feature

For over a decade, Facebook has been continuously launching new features to provide an improved and innovative experience to the users. Continuing the same, the social networking giant today announced the launch of its latest feature named as Quick Updates. Quick Updates is a 24 hour stories-styled feature which lets users upload their moments on their profile, however, the quick updates won’t be…

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Monotype to acquire Olapic for $130 Million

Monotype to acquire Olapic for $130 Million

Monotype, a technology company providing technology and font designing services, has announced to acquire Olapic for $130 Million and additional $19 million worth of stocks. Monotype is a publicly traded company and at the same time, Olapic is an online portal which helps brands in promotion with the pictures generated by the users. According to the sources close to the development, the deal is…

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Huawei offers discount on Nexus 6P variants in United States

Huawei offers discount on Nexus 6P variants in United States

Days after the nexus 5x users started to get discount in United Kingdom, Huawei has announced notable discount on both the variants of much popular Nexus 6p. After the latest discount announcement, the 64gb variant of Nexus 6p is available at $400 and at the same time, the bigger variant with 128 gigs of memory will cost $480, making it even cheaper than what users paid for the 64 gb variant a…

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Happily Unmarried raises $740K from Info Edge

Happily Unmarried raises $740K from Info Edge

Happily Unmarried, Delhi based marketplace for youth targeted fun products, has raised an additional $740K (INR 5 Cr) from Info Edge (India). With the latest investment, Info Edge now holds 48% stakes in Happily Unmarried and its total investment in the startup comes to INR 21.3 Cr ($3.2 Million). Earlier this year, Info Edge had invested INR 5 Cr (the amount same as this time). Started in 2003…

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BookMyShow raises $81 million from Stripes Group and others

BookMyShow raises $81 million from Stripes Group and others

BookMyShow, online ticketing platform which lets the users book tickets for events like movies, plays and other sports events, has raises $81.4 Million (INR 550 Cr). The latest funding was the fourth round for BookMyShow, owned and operated by Bigtree Entertainment, and it values the company at around INR 3000, said the leaked reports and the individuals close to the development. Led by United…

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Venture Catalysts raises $500k from Zaffiro Ventures

Venture Catalysts raises $500k from Zaffiro Ventures

Venture Catalysts, Mumbai based seed investment platform has raised $500k from Zaffiro Ventures at a post money valuation of $6 million. Speaking on the development, Apoorv Ranjan Sharma, Co-Founder Venture Catalysts, stated that the raised funding will help the firm to expand its presence beyond the Metropolitan and tier 1 cities across the country as well as to promote entrepreneurship. He…

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Meru Cabs raises $25 Million from Brand Capital

Meru Cabs raises $25 Million from Brand Capital

Meru Cabs, Mumbai bases cab service provider company has raised $25 million from Brand Capital, the investment arm of BCCL (Bennett, Coleman and Company Limited). The raised funds will be used to further expand and strengthen its position in the areas it is currently operating. The company also aims to work for a sustainable business model and create brand awareness by getting more users on the…

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Scripbox raises Series B funding Omidyar Network and others

Scripbox raises Series B funding Omidyar Network and others

Scripbox, Bangalore based FinTech startup has raises an undisclosed amount in Series B round of funding led by Omidyar Network. A bunch of existing investors also participated in the round. The raised funds will be used to brand building using which the startup targets to become one of the trust-able options for the users for savings and investments. Started by Sanjiv Singhal and Atul Singhal in…

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