Money

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 […] [...]

Online hypermarket Urdoorstep gets $300K in bridge funding

Dinesh-Malpani_feBangalore-based online hypermarket operator Urdoorstep Eretail Pvt. Ltd has raised $300,000 (Rs 2 crore) in a bridge round of funding from CP Murali, former chief operating officer of US-based telecom software firm Aricent Inc. Urdoorstep will use the funds to augment the technology backbone of its operations, founder and CEO Dinesh Malpani told TechCircle. “As […] [...]

Jabong parent ups fundraising round by $33 mn

clothes-by-shah-junaid2Global Fashion Group (GFG), the parent of loss-making Indian fashion portal Jabong, has added €30 million ($33 million or Rs 222 crore) to its latest fundraise to take the total amount secured from its existing investors to €330 million ($364 million). Germany’s Rocket Internet SE invested €68 million and Swedish investment firm Kinnevik put in […] [...]

Mobile marketing startup Skrilo gets $1.5 mn in seed funding

Manish Sinha, founder and CEO, SkriloGurgaon-based Skrilo India Pvt. Ltd, which operates a mobile marketing and rewards platform, has raised $1.5 million (Rs 10 crore) in seed funding from individual investors including Livspace co-founder Anuj Srivastava and AT Capital Group founder Arvind Tiku. The company will use the funds mainly for marketing its reward programme and building its product pipeline, […] [...]

Exclusive: Online rental marketplace SimplyMoveIn gets angel funding from Swastika Company

Yash Singh, co-founder and CEO of SimplyMoveInBangalore-based SimplyMoveIn Technologies Pvt. Ltd, which operates online marketplace for curated rental properties SimplyMoveIn, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd, a top company executive told TechCircle. The company will use the funds for hiring across verticals, marketing, augmenting the technology backbone and geographical expansion, said […] [...]