Proceeds will be utilised to expand company's hyperlocal shopping services to over 50 cities
The app uses a traveller's mobile GPS to predict a train's delay.
The company, started by three BITS Pilani graduates in 2005, could be planning to aggressively scale up its business to tap the untapped potential that the bus-booking service offers in India.
As the tides of investments change over time, venture capital funds are shifting their focus to businesses related to consumer demand such as education, media and entertainment, food & beverages and alternative energy.
The service, which enables users to form communities and blog using their mobile phones and has a user base of 12 million, has received the investment from venture capital funds Helion Ventures and Charles River Ventures. The funds will be used to fund business growth, product development and increased sales and marketing, said Rakesh Mathur, CEO and co-founder of SMS GupShup.
Investments are pouring into online portals for add-ons.
Simplilearn said the pandemic had accelerated demand for skills in areas such as artificial intelligence, cloud computing, data science and cybersecurity.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
The company is in talks with investors and the deal could be closed in a few weeks. At present, it operates in 37 cities in India.
It quickly went from being a darling of investors to a liability
MySmartPrice has been growing about 100 per cent a year and is profitable.
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Ola Cabs acquires TaxiForSure in $200-mn deal.
The past few years have seen the first cycle of mergers and acquisitions, exits, and track-records being created.
The Rs 100 crore infusion will well-capitalise the company to drive its new strategy and growth plans.
Sources say investors of the company have expressed their desire to speak to the management shortly and it could be about discussing Yadav's role in the company.
With the launch of Woohoo, QwikCilver now targets two markets in India - the gifting market, worth $7 billion and gift cards as a category.
RailYatri offers a host of travel-related services to a 4.5 million user base. Shine Jacob finds out what's next for the app.
Housing.com boss gifts his shares to staff.
Online grocers like Bigbasket and localbanya witness surge in sales.
Investors seem to be very keen on investing in startups.
Online shopping is the new buzzword amongst masses.
In an interview with Ranju Sarkar, the founders of Stellaris Venture Partners -- Ritesh Banglani, Alok Goyal and Rahul Chowdhri -- share discuss their unique founder network and why they are bullish on India.
Meru Cabs' founder says they were a traditional company.
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
People move from investment banking to growth equity or from venture capital to growth equity or entrepreneurship, depending on what's attractive at different points of life.
His rags-to-riches story would make a film. Meet Musthafa P C, the man behind ready-to-use breakfast foods that countless Indians trust.
ShopClues does 1.5 million transactions a month and claims to have 40 million monthly visitors.
The start-up works with 2,000 owners and hosts 10,000 tenants across four cities - Bengaluru, the National Capital Region, Hyderabad and Pune.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
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