Foodpanda changes India strategy in revival bid

    Foodpanda, which until now has been driven by technology developed at its headquarters in Berlin, has also started to build its products locally. Photo: Ramesh Pathania/Mint New Delhi/Mumbai: Online food ordering company Foodpanda is revisiting its India strategy by outsourcing delivery and is also looking to start its own kitchen, a comparatively higher-margin business, as […]

    Indian Angel Network invests in Roadhouse Hostels

    Roadhouse Hostels currently has two hostels with a total of 80 beds in Goa and Jaipur and plans to add as many as five such properties in Kerala and Himachal Pradesh by the year end. New Delhi: Roadhouse Hostels, a chain of backpacker hostels, on Wednesday said that it has raised an undisclosed amount of […]

    As smartphone sales surge, Indian app makers lure venture capital

    Photo: Mint Bengaluru: Foreign venture funds are stepping up investments in Indian mobile application makers, betting a surge in smartphone sales in the country will drive demand for home-grown apps, mirroring the trend in world’s biggest mobile phone market China. San Francisco-based incubator and venture capital firm 500 Startups on Tuesday launched a $25 million […]

    Freshdesk launches new support product Hotline.io for mobile-first businesses

    This is Freshdesk’s third product since its launch in 2011. The other two are Freshdesk, which is a cloud-based comprehensive customer support platform, and Freshservice, launched in 2014, which helps companies meet their internal IT support requests. Bengaluru: Customer support platform provider Freshdesk Inc. on Wednesday announced the launch of a new product called Hotline.io, […]

    Hrithik Roshan now eyes start-ups, stock markets

    Roshan says healthcare, education, fitness and technology are the four areas in which he is looking for start-ups to invest in. Photo: Hindustan Times Bollywood star Hrithik Roshan’s journey—from a child with a stammer to stardom, and from battling health issues to being a fitness enthusiast—has encouraged him to accept challenges head-on. However, when it […]

    Flipkart shuts grocery delivery app Nearby

    Flipkart’s move to shut Nearby comes as newly appointed chief executive Binny Bansal is cutting costs and sharpening the company’s focus on its key strengths: electronics and fashion sales and logistics. Photo: Hemant Mishra/Mint Bangalore: India’s largest e-commerce firm Flipkart Ltd will shut its groceries delivery app, Nearby, less than five months after the company […]

    Craftsvilla acquires food start-up PlaceofOrigin

    A screen grab of Craftsvilla website. New Delhi: Sequoia-backed Craftsvilla Handicrafts Pvt. Ltd on Friday said it had ventured into the food segment with the acquisition of Bengaluru-based food start-up PlaceofOrigin in an all-stock deal. PlaceofOrigin was founded by two former bankers, Ashish Nichani and Sudarsan Metla, in 2014. The company curates and takes to […]

    Capillary Tech invests an undisclosed amount in WebEngage

    Capillary, one of India’s most valuable enterprise start-ups having raised about $80 million in venture funding so far. Bengaluru: Capillary Technologies Pvt. Ltd, which offers customer relationship management software and marketing analytics for retailers, has invested an undisclosed amount to buy a stake in business analytics start-up WebEngage. The move to pick up a stake […]

    Morgan Stanley fund marks down Flipkart stake value by 27%

    Flipkart was valued at $15 billion when it received $700 million from Tiger Global Management, Qatar Investment Authority and other investors in June. Photo: Hemant Mishra/Mint Bengaluru: A mutual fund investor in Flipkart Ltd, India’s largest e-commerce firm, has slashed the value of its holdings by as much as 27%, the latest indication that the […]