FreeCharge claims 1M wallet users within five days of launch

Snapdeal-controlled FreeCharge said on Wednesday its digital wallet has crossed the one million customers mark within five day of its launch. FreeCharge, a recharge and utility payments portal that was acquired in April by online marketplace Snapdeal, had announced its entry into the digital wallet business on September 15 and launched it 10 days later. [...] [...]

RedDoorz secures pre-Series A funding led by Jungle Ventures

RedDoorz, a platform offering budget accommodations across key business and tourist destinations in Southeast Asia, has secured an undisclosed amount in a pre-Series A funding round led by Singapore-based early stage investor Jungle Ventures, according to a press release. RedDoorz, run by Commeasure Solutions India Pvt Ltd, helps hotels distribute and manage their digital presence, [...] [...]

CRMnext appoints Yum Restaurants’ Hitesh Arora as director

Delhi-based Acidaes Solutions Pvt Ltd, which runs customer relationship management firm CRMnext, has appointed Hitesh K Arora as director of strategy and customer advocacy, according to a press release. Arora joined CRMnext from Yum! Restaurants Pvt Ltd, where he was the chief technology officer. He has previously worked with companies such as Nucleus Software, Polaris [...] [...]

Foodpanda begins clean-up drive following allegations

Following allegations of irregularities in its operations involving fake restaurants and orders, food ordering marketplace Foodpanda is revoking over 500 restaurants every month. Quoting Foodpanda’s CEO Saurabh Kochhar, The Economic Times reported that the company, which was incubated by Rocket Internet, has begun a clean-up drive after allegations were leveled against it in media reports. As part of [...] [...]

MebelKart acquires crowd bargaining platform 53central

Online furniture and home décor marketplace has acquired 53central, a crowd bargaining platform that enables group buying options for sports enthusiasts, for an undisclosed amount. “Group buying is expected to become phenomenally large in case of the furniture and interior design industries. This acquisition will enable us to further strengthen our position in these sectors,” said [...] [...]

Infoworks raises $5M in Series A funding from Nexus, others

San Jose-headquartered Inc, an automated big data management startup with engineering operations in Bangalore, has secured $5 million in Series A financing from Nexus Venture Partners, Knoll Ventures and other investors. The money raised will be used by Infoworks to expand its management team, as per a press statement. Naren Gupta, managing partner of [...] [...]