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July 29, 2014 marked an inflection point for the Indian startup ecosystem. Emboldened by an ever-increasing smartphone penetration and online shopping reaching millions of customers, this was when India’s most celebrated e-commerce company, Flipkart, raised an eye-popping $1 billion in capital, drawing a never-seen-before valuation of $7 billion for any Indian tech startup. Flipkart was […]

The Indian government must simplify the tax structure and reduce the burden for startups in the upcoming budget to help budding entrepreneurs establish their fledgling ventures, angel investor Sunil Goyal has said. Goyal, founder and CEO of the Gurgaon-based YourNest angel fund that has a corpus of Rs 90 crore ($13.5 million) and has invested […]

CupoNation, a Rocket Internet-backed deals and discounts portal, has raised $11 million (around Rs 75.5 crore) in Series B round of funding from a group of investors, including existing investor Rocket Internet AG. The other investors are Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventures, ru-Net, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank and Columbia […]

International Finance Corp, the private lending arm of the World Bank, is on course to its second investment in an Indian e-commerce venture. It has committed to put in $25 million (Rs 170 crore) in Delhi-based Lenskart Solutions Pvt Ltd, which runs the back-end wholesale supply business of eye-wear etailer Lenskart.com, in lieu of a […]

Consumer Internet and e-commerce companies have emerged as the most preferred industry segments across start-ups, according to the India Startup Outlook Report 2016, released by venture debt firm InnoVen Capital on Friday. The report also maps key trends in funding, hiring, opportunities and challenges for 2016 in the start-up ecosystem. Delhi emerged as the most […]