Page 270 - Start Ups
Cash strapped SpoonJoy shuts business in Delhi, Bengaluru
The start-up is said to be unable to raise more capital
 "Cash strapped SpoonJoy shuts business in Delhi, Bengaluru")
SoftBank invests $1 billion in US-based fintech start-up
Social Finance, or SoFi, is an online service that allows America's debt-laden students to refinance their loans, reports Tech in Asia
 "SoftBank invests $1 billion in US-based fintech start-up")
Pinkoi, Asia's Etsy, bags $9 million from Sequoia India and Japan's GMO Ventures
This is Sequoia India's first deal outside of India, reports Tech in Asia
 "Pinkoi, Asia's Etsy, bags $9 million from Sequoia India and Japan's GMO Ventures")
A YouTube for rural India puts farmers first
Digital Green helps rural India make videos they actually want to watch, reports Tech in Asia
 "A YouTube for rural India puts farmers first")
TalentSprint launches Cyber Defence Competency Centre
Company plans to empower one million young job seekers by 2020
 "TalentSprint launches Cyber Defence Competency Centre")
Infoworks secures $ 5 mn in Series-A funding from Nexus Partners
Company will use the influx of money to expand its management team
 "Infoworks secures $ 5 mn in Series-A funding from Nexus Partners")
Ashok Reddy: Fund-raising is key to fueling growth
India is optimally poised for start-up fund-raising. The conversion rates in funding here are much faster than in the US, writes Ashok Reddy
 "Ashok Reddy: Fund-raising is key to fueling growth")
RedDoorz raises pre-Series A funding from Jungle Ventures
Philip Wolf, Ajay Bakaya join advisory board to help accelerate co's growth
 "RedDoorz raises pre-Series A funding from Jungle Ventures")
Nexus Venture Partners, others invest $5 million in data management co Infoworks
Company expands management team
 "Nexus Venture Partners, others invest $5 million in data management co Infoworks")
Connect India ropes in CSCs for e-commerce delivery in rural parts
Logistics startup expects huge demand from e-commerce companies
 "Connect India ropes in CSCs for e-commerce delivery in rural parts")
 "Jabong might sell stake to Snapdeal")
 "Alibaba makes strategic investment in Paytm")
Paytm to invest $150-200 million in start-ups
Will look at one large investment of $100 million, though the sweet spot would be $10-15 million ticket size
 "Paytm to invest $150-200 million in start-ups")
Hello Curry partners Pune's EatSome for paratha venture
The venture will be set up across 21 outlets in Pune, Hyderabad, Bengaluru and New Delhi
 "Hello Curry partners Pune's EatSome for paratha venture")
Foyr aims to expand to 10 cities in 18 months
Market size for home decor in India is estimated to reach at $30 billion by 2020
 "Foyr aims to expand to 10 cities in 18 months")
PepperTap raises $36 mn from Snapdeal, Sequoia, SAIF Partners and others
Company in talks to raise another $20 mn
 "PepperTap raises $36 mn from Snapdeal, Sequoia, SAIF Partners and others")
The Chennai Angels invests in Brigge Technologies
The investment details were not disclosed
 "The Chennai Angels invests in Brigge Technologies")
Paytm valuation likely $4 billion as Alibaba, Ant Financial inject fresh cash
Companies did not disclose how much the 'strategic investment' is worth
 "Paytm valuation likely $4 billion as Alibaba, Ant Financial inject fresh cash")