Articles by Binu Paul

Gift cards provider QwikCilver gets $10 mn from Sistema, Accel and others

Wooho_feQwikCilver Solutions Pvt. Ltd, which owns and operates Bangalore-based gift card provider by the same name, has raised $10 million (Rs 67 crore) led by Sistema Asia Fund. Its existing investors Amazon Asia-Pacific, Accel India and Helion Venture Partners have also participated in the latest round. According to The Economic Times, which first reported the […] [...]

Rocket Internet’s probe finds former Jabong execs guilty of corporate governance violations

Jabong_feA forensic audit by accounting firm PwC (PriceWaterHouseCoopers) has allegedly found several counts of corporate governance violations by former top executives of Rocket Internet-controlled fashion e-commerce venture Jabong. According to the details of the investigation report published by The Economic Times, Jabong’s co-founder and  former managing director Praveen Sinha, former CEO Arun Chandra Mohan and […] [...]

Online jeweller BlueStone gets $30 mn from IIFL, Accel, others

jewelley-by-shah-junaid-(1)22Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by financial services firm IIFL Holdings Ltd and Accel Partners. Kalaari Capital, RB Investments and IvyCap Ventures also invested in the Series D round, Bluestone Jewellery and Lifestyles Pvt. Ltd said in a statement. The new round […] [...]

Myntra acqui-hires Cubeit to expand technology team

Myntra_01_feFlipkart owned lifestyle e-commerce venture Myntra Designs Pvt. Ltd has acquired mobile-based content aggregation platform Cubeit for an undisclosed amount. The team at Bangalore-based Cubeit has been inducted into Myntra to strengthen and expand its technology team, the company said in a statement. The deal is structured as an acqui-hire where the acquisition is for […] [...]