Page 212 - Start Ups

Flipkart to trim workforce to cut costs

Move to affect 700-1,000 non-performers, or up to 3.3 per cent of its workforce

Amazon clocks 150% growth in FMCG space in UP

Pan India, the FMCG selection stands at 1.9 million products, growing over 500% year-on-year with close to 9,000 sellers on board

Venture Catalysts invests $150,000 in AppSay

The business communication platform provides the end user with a non-intrusive way of reaching out to businesses

Angel investment in startups up 62% to Rs 113.66; NCR pips Bengaluru

These angel groups inked a total of 69 deals in the year, up from 47 in the corresponding 12-month period

Start-ups seeks easier access to tax benefits

Sitharaman said issues such as government funding of startups and online selling of prescription drugs were discussed, apart from sectoral issues

Travel start-ups woo corporate clients

For Treebo, 30% of the total bookings come from corporate clients, now about a thousand in number

Will Jabong save Flipkart from Amazon?

A private equity investor felt Jabong's acquisition would make Flipkart out of reach for Amazon for good in one area

Jabong to help Myntra's designer portfolio

It has a big portfolio of international designers & brands, which will now be part of Myntra after Tuesday's acquisition

Startup India: Progress in slow lane

The Rs 10,000-cr corpus planned initially is to be spent over a period of 10 years, that too subject to the scheme's progress and availability of funds

Myntra plus Jabong may help Flipkart win the game

It's a wise deal, according to analysts, as fashion is increasingly turning out to be the route to money-making, profitability and success for online players

Nilekani invests Rs 30 cr in 10i Commerce Services

Invests Rs 25-30 cr in the Bengaluru startup, his first in an e-commerce firm

Karnataka gets large firms to help start-ups

Bengaluru is ranked among the top 15 cities for start-ups in the world; wants to make it into the top 10 by 2020

FindMyStay: Bid for your stay

It allows customers to offer their price to the hotel

Zoomcar to raise $25 mn from Ford, Reliance

This is Ford's first invesment in the Indian start-up space

Red tape snipped for start-ups

Vetting by inter-ministerial board removed for benefits under Startup India Action Plan

Beauty start-up Purplle aims at turning profitable by October

Already EBITDA positive in north and west zones; with local warehousing in Bengaluru, aims to become nationally profitable by October

Treebo Hotels raises Rs 112 crore in Series B funding

Funding round led by Bertelsmann India Investments also saw participation of existing investors, SAIF Partners and Matrix Partners

Paytm automobile vertical shifts into top gear

Says aim is to become all-in-one vehicle booking platform in 6 months

Skrilo raises $1.5 mn angel funding

The company will primarily use the funding for marketing its reward programme to the consumers and building on its product pipeline

Rocket Internet writes down valuation of Global Fashion Group by two-third

Fashion retailer Jabong.com is part of this group; writedown could help bidders for Jabong