Tuesday, October 20, 2020

Suviral Shukla

Lending startup Avail Finance bags $9 million from Matrix Partners in second round of funding

Bengaluru-based lending startup Avail Finance has raised $9 million (more than Rs 60 crore) in a second round of equity funding from Matrix Partners India. The startup will use the funds to foray into a neo-banking platform. The startup was...

Oyo plans to share its tech with other hospitality brands globally

India's largest hotel network has planned to share its in-house technology solutions to other hospitality brands globally, a top executive told ET. The technology solutions have been built to manage instant reservations on its network of properties and to...

Amazon stretches ‘packaging-free shipment’ programme to 9 Indian cities

A multinational technology company Amazon, is expanding its 'packaging-free shipment (PFS) programme. It is an India-first initiative, to nine cities including Delhi, Mumbai, Ahmedabad and Nagpur. Through this initiative, Amazon aims to reduce the waste generated from secondary packaging of...

Multiply Ventures : Former Alibaba, Paytm, Myntra executives join hands to launch startup fund

A trio of e-commerce executives, having worked with huge revenue creating startups such as Alibaba, Paytm, Flipkart and Myntra, are now, planning to launch Multiply Ventures, an early-to-growth stage fund of $50 million (more than Rs 300 crore). Multiply Ventures,...

Healthcare delivery startup Pristyn Care bags $4 million from Sequoia India

Healthcare delivery startup Pristyn Care has raised $4 million (over Rs 26 crore) in Series A round of funding from Sequoia India, cited ET Tech. According to the statement released by the company, Pristyn Care will use the funds to improve...

ACI Worldwide invests in India’s digital payments solution provider Mindgate Solutions

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has made an undisclosed investment in Mumbai-based Mindgate Solutions, reported ET. The investment has been made in order to deliver a joint real-time payments solution that will...

UberEats margins dip in Q1 due to increased discounts & incentives

Uber, a US-based ride-hailing giant's food-ordering subsidiary 'Uber Eats' has reportedly witnessed a drop in margins to 4% on a year-on-year basis. The drop in the margins were the cause of huge discounts to customers along with extra incentives...

Online insurtech startup Acko acquires car retailing platform VLer

Acko, an insurtech player, based out of Bengaluru, has acquired Mumbai-based online car buying portal VLer Technology. With this acquisition, Acko is getting deeper into strengthening their auto-ecosystem. VLer’s capabilities and know-how will help the company improve its offering and provide...

Startup ecosystem eyes better tax structure, state investments from Modi 2.0

Prime Minister Narendra Modi retained his position for the second consecutive term in the office after BJP (Bharatiya Janata Party)-led NDA (National Democratic Alliance) government got an overwhelming majority in the 17th Lok Sabha elections. However, securing more than 300...

Indian startups raised over $100 million in Q2 and Q3 FY19 : Reports

With over $100 million (more than Rs 700 crore) funding in the first five months of this year, India's technology startups are witnessing an investment surge at a remarkable pace, reported by Mint. So far 10 deals of more than...

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