Alibaba in talks to buy Flipkart stake

    Jack Ma, founder of Alibaba Group. If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. Photo: Bloomberg New Delhi/Bengaluru: China’s Alibaba Group, which has backed Paytm and Snapdeal, is looking to increase its footprint in India […]

    Here’s why Microsoft bought SwiftKey for $250 million—artificial intelligence

    Photo: Bloomberg New Delhi: On Tuesday, London-based predictive technology company SwiftKey said it has joined the Microsoft family. The deal, first reported by the Financial Times, is believed to be around $250 million. SwiftKey, for most smartphone users, comes through as just another third-party keyboard app, an upgrade on the default keyboard that most platforms […]

    Ratan Tata, University of California partner to fund start-ups in India

    Ratan Tata has made small investments ranging from Rs.10 crore in online market place Snapdeal to Rs.10 lakh in Zivame. Photo: Mint Bengaluru: RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California have partnered to jointly fund start-ups and enterprises in India over […]

    Magic Crate raises seed funding from Mohandas Pai, others

    The firm said it ships several thousand activity crates each month, customised to specific age groups, with the prices starting at Rs.549. Bengaluru: Funfinity Learning Solutions Pvt. Ltd, which makes Magic Crate subscription-based activity kits for children, on Thursday said it has received seed investment from Aarin Capital, T.V. Mohandas Pai, chairman of Manipal Global […]

    Is Ritesh Agarwal ready to grow up?

    OYO Rooms founder Ritesh Agarwal. Photo: Ramesh Pathania/Mint On 24 January, Manoj Thelakkat, a Bengaluru-based recruitment professional, took to social networking platform Facebook to share his experience of being an OYO Rooms customer. The roughly 1,400-word post, headlined ‘The Ordeal called OYO Rooms’, details his frustrating experience of first being denied a pre-paid room at […]

    BigBasket’s net sales double, losses triple in 2014-15

    While BigBasket is still India’s largest online grocery store, it is facing competition from hyperlocal grocery delivery firms. Photo: Aniruddha Chowdhury/Mint Online grocery store BigBasket doubled net sales and tripled its loss in the year ended 31 March 2015, according to documents available with the Registrar of Companies, as competition intensified in the Internet consumer […]

    Kae Capital raises $30 mn for fund focused on local start-ups

    Kae Capital founder and MD Sasha Mirchandani. New Delhi: Kae Capital, which invests in early-stage companies, has raised $30 million from existing and new investors as part of its second fund. The firm will be raising an additional $10 million soon, said Sasha Mirchandani, founder and managing director of Kae Capital, on Thursday. He declined […]

    BHIVE Workspace raises angels funds to expand services

    BHIVE provides start-ups with accessible and quality plug-and-play workspaces in Koramangla area of Bengaluru. Till date, it has housed 90 start-ups covering 4,000 active members. Mumbai: Bengaluru-based workspace solutions provider BHIVE Workspace said on Friday that it had raised an undislosed amount in funding from a group of angel (individual) investors. The investors include Raghunandan […]

    Zendrive, a driving analytics start-up, raises $13.5 million

    Zendrive’s technology can be used by a broad list of industries including on-demand services, commercial fleets, taxi aggregators, insurance companies, and for city planning, mapping, driving instruction and roadside assistance, among others. Bengaluru: Zendrive Inc., a mobile technology company which aims to make roads safer through data and analytics, raised $13.5 million in Series A […]

    Sequoia Capital top venture capital investor of 2015

    While Sequoia Capital backed 48 start-ups, New Enterprise Associates—the second most prolific venture capital firm—was involved in 44 deals, according to start-up tracker Tracxn. Bengaluru: Sequoia Capital and New Enterprise Associates were the most prolific venture capital firms last year globally in terms of the number of deals, backing 48 and 44 start-ups, respectively. The […]