StartUps

Pepperfry raises Rs 250cr in fresh funding

By : CIOL Writers

Furniture marketplace Pepperfry has raised Rs 250 crore in fresh capital from US-based financial services firm State Street Global Advisors(SSGA). SSGA joins Pepperfry’s existing investors including Norwest Venture Partners, Goldman Sachs, Bertelsmann India Investments and Zodius Capital. Anandh Hari, managing director

Magic Leap raises $461M from Saudi Arabia fund

By : CIOL Writers

The secretive augmented reality startup, Magic Leap has raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia’s sovereign investment arm. Though the company hasn’t released a product till date, they continue to raise a lot

Hyderabad based Click2Clinic Healthcare plans to expand into 12 cities

HYDERABAD, INDIA: With the launch of its new app service, ‘Home Heal’, Hyderabad based healthcare service aggregation startup Click2Clinic Healthcare is now planning to cover 12 new cities by the end of current fiscal. Home Heal offers comprehensive home health

Coursera teams up with 5 universities for six new online degree progs

By : CIOL Writers

Online education platform Coursera has teamed up with various universities around the world to offer six new online degree programs. The participating universities and the degrees are- Arizona State University offering a Master of Computer Science; Imperial College London offering a Global

WeWork acquires digital marketing company Conductor

By : CIOL Writers

WeWork is acquiring the SEO marketing business Conductor. The terms of the deal were not disclosed. Though from the face of it, the two companies may not look like a perfect match, Conductor should give WeWork a stronger connection to enterprise clients. “Together,

Google sells restaurant review service Zagat to The Infatuation

By : CIOL Writers

Google has sold the restaurant review service Zagat to The Infatuation, a restaurant discovery platform. The two brands will work in tandem to provide users quality and diverse options for restaurant recommendations. “We’re thrilled by this opportunity to acquire such a

Sequoia India invests $6M in NBFC lending firm Finova Capital

By : CIOL Writers

NBFC lending company Finova Capital has raised $6 million from Sequoia India. The firm will use the funds to expand its presence across the country, investing in technology and talent acquisition. The news was first reported by Economic Times. Mohit Sahney,

Paytm Mall looking to raise $600M from SoftBank

By : CIOL Writers

Paytm Mall is in talks to raise $600 million from SoftBank and others at a valuation of over $2 billion, according to a report in Business Standard. Citing sources, the report says that the round will see participation from SoftBank, Singapore

Smart energy-efficient appliance startup Atomberg brings products at a subsidized rate in Mumbai

MUMBAI: Energy-efficient smart appliance startup, Atomberg Technologies has tied-up with Tata Power to distribute their flagship ‘Gorilla Fans’ to the customers in Mumbai at a subsidized price under the Demand-Side Management (DSM) scheme. Atomberg has also tied-up with Reliance under

Home rental startup NestAway raises $51M in Series-D funding

By : CIOL Writers

Home rental network NestAway has raised $51 million (about Rs 330 crore) from investors including Goldman Sachs and UC-RNT Fund, a joint venture between Ratan Tata’s RNT Associates and the University of California. As part of the deal, Goldman Sachs

Zomato co-founder Pankaj Chaddah hangs his boots

By : CIOL Writers

Zomato co-founder Pankaj Chaddah has resigned from the food technology firm. While Chaddah gave no indication of his next move, he is expected to stay with the company until the end of March to enable a smooth transition. Chaddah said on

Flipkart Internet gets $57M from parent entity

By : CIOL Writers

Flipkart Internet, which runs the Flipkart’s retail platform, has received $57 million cash infusion from its Singapore company Flipkart Marketplace, according to the documents filed with the Registrar of Companies (RoC). Flipkart Internet owns Flipkart.com and registers sales from advertisements and

Urban Ladder raises $12M in fresh funding from existing investors

By : CIOL Writers

Bangalore-based Urban Ladder has raised $12 million in a fresh funding round from existing investors. The round was led by Kalaari Capital, Sequoia Capital, Steadview Capital and SAIF Partners who put in $2.9 million each. The company says that these funds

Razorpay integrates UPI into IRCTC website and app

By : CIOL Writers

Digital payments company Razorpay has partnered with Indian Railway Catering and Tourism Corporation(IRCTC) to enable users to book tickets through UPI based service, in addition to the credit/debit cards, wallets, and net banking. The move first reported by Economic Times

Ola teams up with Indian Railways for last mile connectivity

By : CIOL Writers

Ola has partnered with the Indian Railways to launch dedicated Ola kiosks at five key Delhi railway stations aimed at facilitating last mile connectivity and improve mobility experience of passengers. Under the partnership, passengers at New Delhi, Anand Vihar, Old Delhi, Sarai Rohilla

Pinterest hires former Google exec Francoise Brougher as its first COO

By : CIOL Writers

Image-based searching and sharing website Pinterest has hired Francoise Brougher, a former Google executive as its first chief operating officer. She was most recently business lead at Square and prior to that VP of SMB global sales and operations at Google. Brougher,

Music streaming service Gaana raises $115M led by Tencent

By : CIOL Writers

Music streaming app Gaana is raising $115 million from Chinese Internet investment company Tencent Holdings and Times Internet, the company said in a statement. The funds will be used for strengthening technological capabilities, such as leveraging Artificial intelligence (AI) to provide

Indonesia-based Go-Jek raises $1.5B in latest funding

By : CIOL Writers

Indonesia-based ride-hailing company Go-Jek has raised $1.5 billion in a funding round from a dozen investors including BlackRock and Google. The development was first reported by Reuters. “Go-Jek is led by a strong Indonesian management team and has a proven track

Eden acquires OrgOrg, a social network for workplace professionals

By : CIOL Writers

Office management and tech support platform, Eden has acquired OrgOrg, a real-time social forum for Workplace professionals. OrgOrg was founded seven years ago by Kim Rohrer, the company’s CEO, who felt that there was no place for those who manage an office

Airbnb introduces Plus and Beyond aimed at high-end customers

By : CIOL Writers

Airbnb introduced two new tiers named Airbnb Plus and Airbnb Beyond, which are aimed at the high-end customers. Airbnb wrote in a blog post, “Every Airbnb Plus home is one-of-a-kind, thoughtfully designed, and equipped with a standard set of amenities