Tag "investment"

Qualcomm invests in 9 Chinese startups including Mobike

By : CIOL Writers

Qualcomm, on Wednesday announced that it has invested in nine Chinese startups, including bike-sharing titan Mobike Technology and Beijing-based image recognition startup SenseTime using its $150 million China Venture Fund announced in 2014 which span IoT, big data, artificial intelligence and more. “Qualcomm

Amazon pumps in additional Rs 2900cr in Indian business

By : CIOL Writers

Amazon has invested another Rs 2900 crores in its Indian unit nearly matching its mammoth capital commitment of $5 billion made in June last year. While in June, Amazon India received a funding of Rs 1,680 crore, it got another boost of Rs

SoftBank agrees to a multi-billion dollar investment in Uber

By : CIOL Writers

Uber has confirmed that SoftBank has agreed upon a multi-billion investment in the ride-hailing company bringing months-long negotiations closer to their end. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this

Ola eyeing another $100mn to expand operations

By : CIOL Writers

Local cab aggregator Ola is looking to raise another $100 million from investors, four months after it raised about $250 million from SoftBank Group, according to regulatory filings sourced from market research firm Tofler. As per the documents,  Ola’s board

Ankit Nagori invests in online fashion discovery platform Wooplr

By : CIOL Writers

Former chief business officer at Flipkart and co-founder of healthcare start-up CureFit, Ankit Nagori has invested an undisclosed amount in the online fashion discovery platform Wooplr. With this investment, Ankit Nagori will join Wooplr’s board of directors. Ankit Nagori said,

Flipkart reportedly raises $1bn from Microsoft, eBay and Tencent Holdings

By : CIOL Writers

After a short lull, Indian e-commerce giant, Flipkart once again looks all geared up with a beefed up war chest to take on its rivals. Amidst ever increasing competition and several fundraising speculations, the startup has reportedly raised $1 billion

Industrybuying raises Rs. 60cr to strengthen its platform

NEW DELHI, INDIA: Industrybuying.com has announced that it has raised funding of Rs. 60 crore led by Kalaari Capital, with participation from SAIF Partners and BEENEXT. The company had raised their Series A from SAIF Partners earlier this year. The

Zivame raises Rs. 250cr and brings its app too!

BANGALORE, INDIA: Zivame, announced that it has raised Series C round of Rs 250 crore from Zodius Technology Fund and Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia. Existing investors Unilazer, IDG Ventures and Kalaari Capital

India’s security spending to rise by 8.3pc in 2015

BANGALORE, INDIA: Security spending in India is on pace to reach $1.11 billion in 2015, up 8.3 pc from $1.02 billion in 2014, according to Gartner, Inc. “Security spending will continue to grow in 2016 when revenue is projected to

Chinese drone maker catches Intel fantasy

MUMBAI, INDIA: Having made investments in PrecisionHawk and Airware, Intel has now invested more than $60 million in Chinese drone maker, Yuneec International. Yuneec is one of the global players in electric aviation. Founded in Hong Kong, the company produces a

Beyond the reputation of a hotel..

By : Sanghamitra Kar

Sanghamitra Recently many startups have sprouted in the hotel industry arena serving different purposes and addressing different challenges facing the industry. Deepak Mavinkure, founder of Repufact, shares his viewpoint on the growing hotel industry space and how his startup is trying

Connect India aims to solve a major challenge for e-commerce players

BANGALORE, INDIA: With the e-commerce industry booming, logistics has become a challenge to connect remote and urban parts of the country. Addressing this challenge, Connect India today launched its services across the country aiming to connect the entire country. Intending

Ericsson to increase workforce in Bangalore R&D center

BANGALORE, INDIA: Ericsson is developing technology that is going to be the foundation for networks, cloud infrastructure, and services. Bengaluru is a major R&D center in India for Ericsson which employs a 550 strong workforce, working on solutions for India

IFMR raises $25 million from Accion

CHENNAI, INDIA: IFMR Holdings announced that they have raised $25 million in equity from Accion, a financial inclusion pioneer, LeapFrog Investments, a specialist investor in emerging-market financial services, and Lok Capital, an Indian impact investment firm. The new capital will

Aspiring Minds acquires Mizcoin

NEW DELHI, INDIA: Aspiring Minds announced it has acquired Mizcoin, a mobile software development company. Mizcoin, led by Inder Kumar, Nikhil Aneja and Sunny Choudhary has been involved in building mobile applications for various platforms across Android, iOS, and Windows

Livspace raises $8mn to expand across metros in India

BANGALORE, INDIA: Livspace has announced that it has raised $8Mn, in an internal round of funding. This round of funding comes within months of the launch and the Series A round of 4.6 million. The funds will be used to

ToneTag raises $1mn led by Reliance

BANGALORE, INDIA: ToneTag has raised $1 Million in funding from Reliance Capital’s Venture fund arm. Founded in year 2013 by ex-Infosys Kumar Abhishek and co-founder Vivek Kumar Singh with clutch of Angel Investors like Ram Sellaratnam and Rajesh Yohahanna, ToneTag

LetsTransport raises $1.3mn from Rebright Partners

By : Sanghamitra Kar

BENGALURU, INDIA: Bengaluru based techno-logistics start-up, Letstransport.in has raised $ 1.3 mn led by Singapore-based Japanese venture capital firm Rebright Partners. Serial Entreprenuers Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingraalso participated in the round. The company aims to streamline and revolutionize

WizRocket raises $8M from Sequoia and Accel Partners

BANGALORE, INDIA: WizRocket, Inc. a real-time analytics and mobile engagement platform, announced it has raised $8M in new funding from Sequoia India and Accel Partners. WizRocket will use this funding to grow prescriptive engagement platform and a ‘naked API’ that

Fashionara launches app and to invest more in mobile

BANGALORE, INDIA: Fashionara.com, has launched its new mobile app. Available for Android, this app that has been designed specifically keeping the flash sale model in mind. Arun Sirdeshmukh, co-founder and CEO, Fashionara, said, “We are already receiving 45pc of transaction