CarTrade gets Rs 185 crore funding from Warburg Pincus


CarTrade, an online automotive classified has raised Rs 185 crore from Warburg Pincus in association with existing investors Canaan Partners and Tiger Global.CarTrade is a marketplace for both buyers and sellers of new and used vehicles. It gives information on iconic luxury cars to budget vehicles, from the latest cars to a range of used cars. Also, details on auto … [Read more...]

Helion Ventures invests in TalentPad


Helion Ventures Partners, a Mauritius-based investor in technology-powered and consumer service businesses, has invested in online recruitment platform TalentPad in the first round of funding. However, the amount invested has not been disclosed.TalentPad was co-founded in 2014 by IIT and IIM alumnus Mayank Jain Nikhil Vij and Raghav Jain. TalentPad provides an opportunity … [Read more...]

Angel investors to fund aspiring student entrepreneurs at IIM-B contest


IIM-B's entrepreneurship and incubation centre, NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) is organising a “Shark Tank” for the budding entrepreneurs. Participating students come from top business schools and engineering institutes across the country, where angel investors will be funding aspiring student entrepreneurs.The Shark Tank features a panel of inv … [Read more...]

Real estate portal CommonFloor gets $30m from Tiger Global

CommonFloor, an online property portal has raised $30 million (Rs 180 crore) funding from the existing investor Tiger Global Management. The current round of funding comes within months after it raised Rs 64 crores in last round from Tiger Global and Accel India."We will deploy funds in product development and enhancing technology. The company will continue to scale up … [Read more...]

Aditya Birla Group, Gems Education in talks to get hands on Educomp schools


Aditya Birla Group and Gems Education have shown keen interest in acquiring Educomp and are in discussion to culminate the transaction. However, none of the companies have confirmed the prospective venture.GEMS Education, headed by Dubai-based NRI education billionaire Sunny Varkey, is the largest operator of private k12 schools in the world with over 132 schools in 15 … [Read more...]

Zomato procures Poland’s Gastronauci

Zomato Gastronauci

Zomato, an online and mobile restaurant search and discovery platform has obtained Poland's leading restaurant search service Gastronauci for an undisclosed sum.This acquisition becomes the fourth one in a span of 3 months this year. The other three being MenuMania, a New Zealand-based restaurant search service in July, 2014, and of the Czech … [Read more...]

ShopClues approach Temasek and Steadview Capital

ShopClues, an online shopping store is in discussion with foreign investors to raise Rs 450 - 600 crore ($75 - 100 million), according to undisclosed sources.Earlier, it has raised over Rs 90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.Singapore government's investment arm Temasek and Hong Kong-based hedge … [Read more...]

NewsHunt gets Rs 100 crore funding from Sequoia Capital India


Verse Innovation, which owns local-language mobile platform NewsHunt, has raised more than Rs 100 crore from Sequoia Capital India. Its existing investors Matrix Partners India and Omidyar Network have also been a part in this second round of funding.There has been a rise in demand for regional language content in smart phones and this investment comes at the right time to … [Read more...]

Tiger Global invests $60 million in Quikr


Quikr India Private Limited, a community classifieds website in India has been funded $60 (Rs 360 crore) million from Tiger Global Management. The funds will be used for product development and expansion in its rapidly growing mobile business, which contributes over 70% of the site's traffic.Quikr serves 940 cities across India and is accessed by more than 30 million unique … [Read more...]

Guru of discount coupons, promos, deals is here!


Needless to say, anybody would be happy to get a genuine discount on every shopping they make. It's no easier than logging into CouponzGuru for those discount coupons, promos, and deals in the fancy online world now.Vikash did not dream of being an entrepreneur but his requirement to avail a better deal at the time of booking a flight ticket showed him the path to become … [Read more...]