Kumar, a migrant from Uttar Pradesh was the first employee of CitrusPay and amongst the 50 odd people who got benefited from ESOP of the company.
Flipkart made a comeback into a leadership position at a time when it seemed Amazon would run away with India's multi-billion dollar earnings-commerce market.
Since the Nasdaq-listed company‘s stock price surged by over 50 percent following its merger with the Ibibo Group, the VC firm shed its balance 11 percent in the company.
Trubil recently rolled out its operations in Bengaluru and, launched Truebil Direct - an offline platform for pre-owned cars based on the full stack inventory model.
Even as the matter is sub-judice, the status of jobs or pending compensation around 4,000 employees is at stake.
Out of 200 companies, 164 of them are already listed and have raised Rs 1,282 crores from the market. Currently, these firms have a market capitalisation of Rs 18,345 crore.
Paytm launched offline transactions in January 2016, and Sharma said that within a year it has overtaken online transactions for the company.
Launched about a year and a half ago, the company is backed by Y Combinator. It has three centres in Delhi, Chandigarh and Bengaluru.
Son of an Army man from Haryana, Dahiya likens building a startup to running a marathon which many young startup CEOs have forgotten.
About 94 percent of the companies are looking to raise funding in 2017, with venture capital backed companies aiming to raise a median of USD 12.5 million.
Besides, the initial share sale plan of Krishana Phoschem is under way while that of Steel City Securities closed earlier this month.
In a move to cut costs, Gurgaon-based online marketplace Snapdeal has reduced travel of staff drastically.
Twice in last six months, SoftBank has written off its investments in Ola and Snapdeal by USD 555 million in November 2016 and USD 475 million in Februray 2017. Collectively about a billion dollars have just vanished from SoftBank's India investments thus it has suffered a notional loss than gain in book value of these firms.
MobiSwipe had received an undisclosed amount of seed funding from Vijay Shekhar Sharma‘s One97 Communications.
In order to provide support to startups through Fund of Fund operations, IAF, with a corpus of Rs 2,000 crore, was launched by Finance Minister Arun Jaitley in August 2015 to enhance the equity availability to MSMEs.
An additional five years to carry forward MAT credit will not bring much relief, instead start- ups hope for incentive to improve their balance sheets.
The company provides a data driven, machine-learned, cloud-based solution to improve the accuracy and efficiency in disease diagnosis. To gain insights from data the company have a machine learning platform called Kurma.
In October last year, JLL India had launched a real estate technology investment vertical and made first investment into Foyr.com.
A bunch of senior level executives have already exited the company including Tony Navin, senior vice president of partnerships and strategic initiatives and Abhishek Kumar, head of merger and acquisitions and investments.
Tiwari, former CTO of Cellworks, has joined Ola as Vice President of Engineering and will work towards optimising growth and profitability by bringing in necessary efficiencies in the supply chain function, Ola said in a statement.
This weeks 1001 startup idea is to establish a cloud-based software which will serve the following purposes for an organisation.
The News Corp-backed portal, which recently merged Housing.com with itself, tracks primary residential markets of nine cities -- Gurgaon, Noida, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Kolkata and Ahmedabad.
Expressing hopes of a better future, Bansal said, â€œI think we are doing pretty well overall as a business and we continue to grow, I think sometimes people move on. I think we just need to focus on our mission and we continue better.â€
Investments continue at a decent pace with BotWorx, Wooplr, TravelTriangle and Voonik raising rounds. Here are some top funding deals of the week.
HEM securities has come out with its report on Global Education SME IPO