News for 'Accel Partners'

Investments in Uber's Indian rivals uncertain after taxi app ban

Investments in Uber's Indian rivals uncertain after taxi app ban

Rediff.com12 Dec 2014

Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.

Fund-raises by fintechs slowed by 47% in 2022

Fund-raises by fintechs slowed by 47% in 2022

Rediff.com20 Mar 2023

Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million - the first such deal by a fintech in a small finance bank. Slice (valued at $1.5 billion, and backed by Tiger Global, Blume Ventures and Axis Bank) will technically get a toehold in a scheduled commercial bank if NESF were to get a licence to morph into one down the line Such a transition is well within the banking regulator's declared framework. The transaction has to be seen in a larger context.

VC funds reduce number of deals with start-ups by a 5th in 2022: Study

VC funds reduce number of deals with start-ups by a 5th in 2022: Study

Rediff.com20 Dec 2022

At least 14 of the top 20 venture capital (VC) and private equity (PE) funds in India reduced new deals with start-ups by a fifth in 2022. The number fell from 572 in 2021 to 456 this year, according to data from Venture Intelligence. Sequoia Capital, a leader in investments, retained its top slot but its number of deals fell from 110 in 2021 to 70 this year.

SVB fallout: Indian start-ups staring at uncertain future

SVB fallout: Indian start-ups staring at uncertain future

Rediff.com21 Mar 2023

Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".

After FB & Twitter, Yuri Milner bets big on India's e-commerce

After FB & Twitter, Yuri Milner bets big on India's e-commerce

Rediff.com13 Aug 2015

Yuri Milner is focussing on on consumer-driven Internet start-ups.

Flipkart: India's big start-up success story

Flipkart: India's big start-up success story

Rediff.com9 May 2018

From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.

Market regulator proposes platform to help start-ups raise funds

Market regulator proposes platform to help start-ups raise funds

Rediff.com31 Mar 2015

Market regulator Sebi to support stert-ups raise funds.

Flipkart might lie low on next mega funding

Flipkart might lie low on next mega funding

Rediff.com8 Dec 2014

At that time, co-founders Sachin Bansal and Binny Bansal had made a public announcement at a Bengaluru hotel, about a $1-billion fund raising, largest so far in the Indian e-commerce sector. A day later, Amazon issued a statement that it was investing $2 billion in India.

News Corp acquires 25% stake in PropTiger.com

News Corp acquires 25% stake in PropTiger.com

Rediff.com25 Nov 2014

Rupert Murdoch-led News Corp has acquired 25 per cent stake in real estate portal PropTiger.com for $30 million.

This start-up turned 'gifting' into a million dollar business

This start-up turned 'gifting' into a million dollar business

Rediff.com14 Jan 2015

After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.

India start-ups at risk as investors close taps, Modi fund falls short

India start-ups at risk as investors close taps, Modi fund falls short

Rediff.com20 Jan 2016

Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015

Walmart's $16 bn Flipkart buy is the biggest deal this year

Walmart's $16 bn Flipkart buy is the biggest deal this year

Rediff.com9 May 2018

Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company

Indian soldiers use this start-up's smart bandage, but others need it too

Indian soldiers use this start-up's smart bandage, but others need it too

Rediff.com27 Mar 2018

Beside the defence forces in India, the start-up has shipped around 350,000 units to 12 countries -- the United Kingdom, France, Poland, Bangladesh, Saudi Arabia, the UAE, Kenya, South Africa, Romania, Indonesia, Qatar and Oman.

Why investors have high expectations from startups

Why investors have high expectations from startups

Rediff.com14 May 2015

Investors seem to be very keen on investing in startups.

'India has a large percentage of women who want to be self-employed'

'India has a large percentage of women who want to be self-employed'

Rediff.com29 Sep 2017

GlowRoad, a business network for homemakers, is helping women who want to earn from home.

Harvard, IIT graduates are tea sellers, too

Harvard, IIT graduates are tea sellers, too

Rediff.com31 Mar 2015

An increasing number of b-school graduates are exploring tea-based services and products for businesses and some of them have tasted success too.

New funds ride fourth wave of venture capital

New funds ride fourth wave of venture capital

Rediff.com2 Mar 2017

The past few years have seen the first cycle of mergers and acquisitions, exits, and track-records being created.

Swiggy turns decacorn, company valued at $10.7 bn now

Swiggy turns decacorn, company valued at $10.7 bn now

Rediff.com24 Jan 2022

The latest round of funding values the company at $10.7 billion, almost doubling it from the $5.5 billion valuation during the $1.25 billion fund raise in July 2021 when investors including SoftBank, Prosus and Accel pumped in capital in what was the company's biggest funding since its inception. The other new investors in the latest round of funding include Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital, Swiggy said in a statement.

Didn't think Ola Cabs, TaxiForSure would last long: Meru

Didn't think Ola Cabs, TaxiForSure would last long: Meru

Rediff.com2 Feb 2015

Meru Cabs' founder says they were a traditional company.

Infosys invests in Trifacta

Infosys invests in Trifacta

Rediff.com27 Apr 2016

Trifacta's investors include Accel, Greylock Partners, Ignition and Cathay Innovation

Tiger Global back on the prowl in Indian start-up arena

Tiger Global back on the prowl in Indian start-up arena

Rediff.com6 Dec 2018

The investor has now put together a fund of $3.75 billion to back private companies.

Sky-high valuation of India's start-ups worries global investors

Sky-high valuation of India's start-ups worries global investors

Rediff.com20 Mar 2015

As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.

Mumbai's slumdwellers turn out to be Snapdeal fans

Mumbai's slumdwellers turn out to be Snapdeal fans

Rediff.com12 Mar 2015

Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.

BlaBlaCar enters India, assures safe inter-city car pooling

BlaBlaCar enters India, assures safe inter-city car pooling

Rediff.com15 Jan 2015

Blablacars enables private cars to seek fellow passengers for inter-city commute.

At $14 billion, venture capital fund exits soared 10x in 2021

At $14 billion, venture capital fund exits soared 10x in 2021

Rediff.com6 Apr 2022

Three marquee exits accounted for nearly 60 per cent of the total exit value -- BillDesk's acquisition by PayU for $4.7 billion, Paytm's $2.5 billion initial public offering (IPO), and Zomato's public market debut of $1.3 billion.

Indian start-ups get back to basics

Indian start-ups get back to basics

Rediff.com7 Mar 2016

Start-ups have begun looking at ways to conserve cash.

India's tech start-ups embrace 'fail fast' culture

India's tech start-ups embrace 'fail fast' culture

Rediff.com14 May 2015

India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.

There's no stopping India's start-up juggernaut

There's no stopping India's start-up juggernaut

Rediff.com17 Jun 2021

With 16 start-ups gaining unicorn status in 2021, India's tally has touched the 50 mark. The newest entrant to this list include Pune-based MindTickle, which is close to finalising a $100-million funding round from Softbank's Vision Fund 2, taking the company's valuation to $1.1 billion.

Questions remain on Flipkart

Questions remain on Flipkart

Rediff.com12 Jul 2013

According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.

Flipkart arms pledge assets for Rs 1,400-cr credit

Flipkart arms pledge assets for Rs 1,400-cr credit

Rediff.com9 Dec 2015

A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.

One-stop shop for sourcing & buying raw materials for SMEs

One-stop shop for sourcing & buying raw materials for SMEs

Rediff.com26 Aug 2013

Power2SME, a one-stop shop for sourcing and buying raw materials for SMEs, is the only B2B firm in this space.

Kirani creates value with start-ups

Kirani creates value with start-ups

Rediff.com15 Feb 2011

Kirani, is passionate about working with start-ups when they are at the ideation stage.

From layoffs to cost-cutting, start-ups brace for long funding winter

From layoffs to cost-cutting, start-ups brace for long funding winter

Rediff.com28 Oct 2022

On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.

Freshdesk: An Indian product wins global recognition

Freshdesk: An Indian product wins global recognition

Rediff.com27 Jun 2016

'We had a great product for the global market and we could sell it globally resulting in this amazing growth.' 'When customers come online and buy a product, they don't look at whether it is created in India or somewhere else.'

When investors turn entrepreneurs

When investors turn entrepreneurs

Rediff.com9 Feb 2017

Venture capitalists are leveraging their experience to build something new.

There's an IPO boom coming!

There's an IPO boom coming!

Rediff.com9 Mar 2005

Buoyed by the boom in stock markets, many small and medium sized IT firms, including Servion Global Solutions, Accel-ICIM Frontline, Bahwan Cybertek and Dax Networks are planning initial public offerings to fund their growth and expansion plans.

Ola banned in K'taka for 6 months for violating norms

Ola banned in K'taka for 6 months for violating norms

Rediff.com23 Mar 2019

The state government says Ola was using its existing cab aggregator licence to promote bike taxi services.

Consumer firms catch the fancy of venture capitalists

Consumer firms catch the fancy of venture capitalists

Rediff.com15 Nov 2017

As consumers in India seek variety and innovative products, there's a lot of interest among investors for healthier products.

Meet Asha, the robotic nurse

Meet Asha, the robotic nurse

Rediff.com17 Dec 2020

'Imagine taking care of a patient who is infected with Covid. A human nurse is unable to do that due to fear of infection. The robot can do that task, while it is controlled or supervised by the human nurse. So the robot becomes an extension of the nurse.'

E-commerce startups in India are yet to make money

E-commerce startups in India are yet to make money

Rediff.com15 Jan 2016

These days, one frequently hears of consolidation, rollback and even closure from the start-up world.