Internet

EVC Ventures invests in student deals platform BigDeal

Funding_mukulDelhi-based student deals platform BigDeal has raised a seed round of funding from EVC Ventures, a person privy to the development told Techcircle.in. The startup raised around $100,000 in the round, led by Anjli Jain, managing partner, EVC Ventures, the person said. The startup, which is run by Dealmonk E-services Pvt. Ltd, will use the […] [...]

EVC Ventures invests in student deals platform BigDeal

Funding_mukulDelhi-based student deals platform BigDeal has raised a seed round of funding from EVC Ventures, a person privy to the development told Techcircle.in. The startup raised around $100,000 in the round, led by Anjli Jain, managing partner, EVC Ventures, the person said. The startup, which is run by Dealmonk E-services Pvt. Ltd, will use the […] [...]

Myntra to buy Jabong to boost fashion e-commerce play

myntra_feFlipkart-owned Myntra said on Tuesday it has agreed to acquire main competitor Jabong from Global Fashion Group to create India’s biggest fashion e-tailer. The deal consolidates Flipkart’s position in the Indian e-commerce market and enables Jabong parent Rocket Internet to exit the loss-making venture. The acquisition will also provide Flipkart some much-needed arsenal in its […] [...]

Digital media firm e27 raises $2.2 mn from TechTemple Group, others

mohan_feSingapore-based technology news platform e27, run by Optimatic Pte. Ltd, has raised $2.2 million in its Series A round led by China’s TechTemple Group. China’s Linear Ventures, Indonesia-based Convergence Ventures and Singapore’s Venturecraft also participated in this round, e27 said in a statement. Entrepreneurs such as Douglas Khoo, co-founder of Qunar, in which Baidu invested […] [...]

Sale to Verizon: It ain’t a bad deal for Yahoo!

Handshaking1Concluding a long-drawn bidding process that began in April this year, Verizon Communications Inc, one of the largest telecommunications companies in the US, on July 25 announced it was buying out Yahoo Inc. for $4.83 billion in an all-cash deal. Much has been said about the fall of Yahoo from the pole position it occupied […] [...]

Quikr acquires Hiree to enter white collar jobs space

Pranay-ChuletOnline classifieds firm Quikr has forayed into the white collar jobs space by acquiring IDG Ventures-backed Abhiman Technologies Pvt. Ltd which runs portal for white collar jobs Hiree.com, it said in a statement. Hiree said its platform will be merged with QuikrJobs and the company will function out of Quikr’s headquarters in Bangalore. The acquisition […] [...]

Workspace aggregator Qdesq raises angel funding for expansion

Parash_arora_feBranded workspace aggregator Qdesq Realtech Pvt Ltd has raised an undisclosed amount of funding from a clutch of investors, including Jai Drinks Pvt. Ltd director Anuraag Jaipuria, Jaipuria Beverage and Food Pvt. Ltd director Ruchirans Jaipuria and Kajaria Ceremics joint managing director Rishi Kajaria. Existing investors Dheeraj Jain of Redcliffe Capital, and angel investors Ankush […] [...]

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 […] [...]