RedSeer Report: Ecommerce Records 65pc Sales Growth
The recently-concluded festive season from eCommerce giants like Flipkart and Amazon recorded around 65% growth as compared to the previous year. As per a new report published by consulting firm RedSeer, the gross eCommerce sales, starting from mid-October till November, touched $8.3 billion as compared to $5 billion in the […]
NITI Aayog’s Amitabh Kant: Digital Technology Will Help India Create $1 Trillion Of Economic Value By 2025
NITI Aayog CEO Amitabh Kant recently said India could create $1 trillion of economic value using digital technology by 2025. During a virtual event organized by industry body FICCI, Amitabh Kant said the COVID-19 pandemic had accelerated the ever-expanding digital infrastructure. Amitabh Kant said, “Digital infrastructure has become indispensable to […]
Vegan Skincare Startup ‘Plum’ Raises Rs 110Cr ln Series B Funding
The parent company of vegan skincare brands Plum and Phy, Pureplay Skin Sciences India, has raised Rs 110 crore in a Series B funding round led by Faering Capital. The funding round also saw participation from Trifecta Capital, as well as existing investor Unilever Ventures. As per the startup, it […]
NASSCOM: Over 50% Of Tech Startups Expect Revenue To Pick Up In 6 Months
According to the NASSCOM’s Startup Pulse 2 survey, Indian tech startups, which were hit by the pandemic, are on a gradual recovery path. With lower losses, improved cash runway and access to funding, The situation of the Indian tech startups is improving, the survey stated. As per NASSCOM, with revenue acceleration and […]
Gurugram-Based Edtech Startup ‘Yellow Class’ Raises $1.3M In Pre-Series A Funding
Online hobby platform for young kids Yellow Class has raised $1.3 million (about Rs 9.6 crore) in a pre-Series A funding round led by India Quotient. The funding round also saw participation from many marquee angels and startup founders such as Kunal Bahl and Rohit Bansal of Snapdeal, Vivekananda Hallekere of Bounce, Alwin Tse […]
Tech Giant Google In Talks to Acquire ‘ShareChat’
As per reports, Google is holding preliminary talks with homegrown social media startup ShareChat. What is likely to be an acquisition, will put ShareChat at a valuation of around $1.03 billion.As per a report in The Economic Times, both ShareChat and Google have signed a non-binding proposal. The tech companies […]
Insuretech Startup ‘Ensuredit’ Raises Rs 2.5 Crore In Pre-Series A Funding Round
Ensuredit, an Insurance technology startup, has raised Rs 2.5 crore in pre-Series A round of investment led by Venture Catalysts. As per the startup, it plans to use the amount to establish its position as a market leader by expanding its tech infrastructure and outreach. Founded by Amit Boni, Rohit […]
Netcore Solutions Acquires Product Experience Platform ‘Hansel.io’
Hansel.io, a real-time, no code, product experience (PX) platform, has been acquired by Netcore Solutions in a cash and stock deal, making it the third acquisition by Netcore Solutions in the last 18 months. Netcore Solutions is a pioneer in intelligent customer engagement and communications. As per a statement released […]
Bengaluru Based Fintech Startup ‘Cashfree’ Raises $35.3 Million Funding
Cashfree, Bengaluru-based fintech startup, has raised $35.3 million as a part of its Series B investment. The funding round was led by the global financial services investor, Apis Growth Fund II. Existing investors – Y Combinator and Smilegate also participated in the funding round. As per the startup, it plans […]
Online Insurance Aggregator ‘PolicyBazaar’ All Set To Raise At Least $50 Million
PolicyBazaar, an online insurance aggregator, is all set to receive an investment in the range of $50-100 Mn from Alpha Wave Incubation (AWI). Alpha Wave Incubation is an early-stage fund anchored by Abu Dhabi’s state entity ADQ and managed by Falcon Edge Capital, which is a New York-based venture capital […]