Startups

Exclusive: Bitcoin startup Zebpay in talks to raise funds

FundZebpay, a bitcoin exchange platform and mobile wallet, is in talks to raise $4 million to upgrade its servers and enhance its security in order to handle large trade volumes. US-based Pantera Capital, a bitcoin investment firm, has shown interest in taking part in the funding round that will be led by an Indian venture […] [...]

Exclusive: O2O startup Shopsity shuts down; founder joins Paytm

Danish AhmedYebhi.com co-founder Danish Ahmed’s second venture—Shopsity—also seems to have fizzled out. Shopsity followed an online-to-offline (O2O) retail model and connected customers to fashion retailers in their vicinity. Its website and app are no longer working. Moreover, according to Ahmed’s LinkedIn profile he has joined mobile wallet and e-commerce firm Paytm as vice president of O2O […] [...]

Zeek, a startup that lets you buy and sell unwanted gift vouchers, closes $9.5M Series B

Zeek Israeli startup Zeek, whose app lets you buy and sell unwanted store gift vouchers, has closed $9.5 million in Series B funding. The round was led by Scale-Up Venture Capital, with participation from long list of additional investors, some of which contributed to the company’s Series A early last year. They include Blumberg Capital, Qualcomm Incorporated (via its venture investment… Read More
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IPO on horizon, subprime lending startup Elevate adds $545M in credit from Victory Park Capital

Close-up of a broken piggy bank with coins With an IPO on the horizon, subprime lender Elevate will have an additional $545 million credit faculty to support its growing customers. Elevate’s niche right now is providing loans to borrowers with creditscores between 575 and 625. As the company expands, it wants to provide loans to customers with even lower credit-scores. Ken Rees, CEO of Elevate, is quick to note that 65 percent… Read More
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Ava launches a wearable to help couples conceive

ava-3637 Tracking your period, peeing on a stick and carrying around a thermometer have been the dominant technologies over the past 20 years to help families conceive. If it sounds outdated, that’s because it is. TechCrunch Disrupt Startup Battlefield alum Ava is hoping to change that with a wearable that helps couples pinpoint when a woman is in her fertile window and the time is right to… Read More
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See you tonight in Chicago

City of Chicago. Aerial view of Chicago downtown at sunset from high above. See you tonight! We’ll be meeting at 7pm in the MakeOffices space in the Loop. There will be some free beers and chicken sandwiches. We’ll hold a pitchoff at 8pm and close up at 9pm and perhaps we can go carousing afterwards. The pitch-off will be very cool. I’ve already picked nine contestants and we have two VC judges. First place winners of the pitch off will get a table… Read More
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