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 past few years have seen the first cycle of mergers and acquisitions, exits, and track-records being created.
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.
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 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.
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.
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.
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.
It quickly went from being a darling of investors to a liability
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.
Ola Cabs acquires TaxiForSure in $200-mn deal.
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.
The Rs 100 crore infusion will well-capitalise the company to drive its new strategy and growth plans.
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
Simplilearn said the pandemic had accelerated demand for skills in areas such as artificial intelligence, cloud computing, data science and cybersecurity.
Housing.com boss gifts his shares to staff.
With the launch of Woohoo, QwikCilver now targets two markets in India - the gifting market, worth $7 billion and gift cards as a category.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
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.
Investors seem to be very keen on investing in startups.
Online shopping is the new buzzword amongst masses.
Online grocers like Bigbasket and localbanya witness surge in sales.
ShopClues does 1.5 million transactions a month and claims to have 40 million monthly visitors.
Meru Cabs' founder says they were a traditional company.
Ashish Gupta, managing director, Helion Advisors, talks about his start-up experience and gives tips on how to succeed as an entrepreneur.
As the funnel of good-quality early-stage companies are built, mid-stage and growth capital always follows, says Fireside Ventures founder Kanwaljit Singh.
The start-up works with 2,000 owners and hosts 10,000 tenants across four cities - Bengaluru, the National Capital Region, Hyderabad and Pune.
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.
Start-ups that did not have a business model and, hence, could not grow or attract new funding, are shutting shop.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
According to data from Venture Intelligence, PEs invested in two mobile payment solutions firms each in 2009, 2010 and 2011. This grew to four deals in 2012 and five deals in 2013.
Long before he launched Paytm, Vijay Shankar Sharma, a 32 year old from Aligarh, embarked on his ambitious entrepreneurial journey.
Reliance Retail follows Future Group in online foray
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
Of all the tremors to rock the start-up world of late -- Snapdeal's layoffs, Stayzilla's shutting down, Flipkart's frequent devaluations -- nothing will match the rumble at ShopClues for poignancy.
Investors spent much of 2016 cleaning house. And a VC tells Ranju Sarkar, "There's still some bad news left in the portfolios (of VC firms). What happens to Ola and Flipkart will drive sentiment in future."
