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BEENOS ASIA
Beenext closes of two new VC funds; Indian startups to get one-third from $160 million corpusBeenos has backed a number of high-profile ventures like online auto marketplace and services firm Droom, realty portal NoBroker and fashio...- Droom earmarks USD 100 mn capex for tech, marketingThe company, which aims to touch USD 120 million (about Rs 862 crore) in net revenue by 2021, is also looking at expanding its internationa...
- How Citrus Pay made 15 of its staff crorepatisAbout 50 employees are set to share in the spoils with an estimated Rs 43 crore being allocated as returns on the employee stock option pla...
- Droom raises Rs 200 crore from a consortium of Japanese and Chinese investorsThe Series B round of equity financing has been led by Singapore-based investor Beenext, founded by former Beenos founder and chief executi...
- Internet payments processor Citrus Pay to waive charges on government billsInternet payments processor Citrus Pay has decided to waive all fees on online payments made to govt bodies for next 18 months - a move whi...
- Citrus Payments carves out Cube into separate entity; Cofounder Satyen Kothari to head new ventureCitrus Payments has hived off its mobile banking app Cube into a separate corporate entity, with one cofounder, Satyen Kothari, leaving to ...
- Sequoia Capital & Ascent Capital lead $25 million funding round in Citrus PayPayment solutions company Citrus Payment Solutions has raised about $25 million (about Rs162 crore) from a consortium of new and existing i...
- Beenos founder Teruhide Sato launches $60 million fund for startupsTeruhide Sato the founder of Japan's Beenos Group, a global conglomerate, has launched a $60-million fund for early stage startups.
- Japan's Beenos Group has $60 million fund for startupsThe fund will focus on internet and mobile businesses and has already invested in six Indian companies, whose names were not divulged.
- Citrus Payment aims for $4 bn gross merchandise value strike rate in FY16The company, which counts Jet Airways, IndiGo, TinyOwl and Faasos among its clients, has a GMV run rate of $2 billion.
- Fashion jewellery brand Pipa+Bella raises initial funding of Rs 4.3 croreCurrently, 20-30% of Mumbai-based Pipa+Bella’s orders are for customised pieces and 80% of sales are routed through the website.
- Nearex raises funds from Tata Capital-led investorsNearex, a Singapore-based mobile micropayment start-up, has received second round of funding from a clutch of existing investors led by Tat...
- How to decode a term sheet rightMany investors try to lock in promoters who sign a term sheet for periods varying from 45-90 days, during which time they cannot negotiate ...
- Faasos signs up with Citrus Pay; to integrate wallet in mobile appA growing number of internet and mobile-first ventures are now opting for digital payments.
- Paypal founder Peter Thiel to invest in $25 million round for Citrus PayIndian payments market is set to become hotter as Paypal founder Peter Thiel looks to back the next big potential winner in the space — Cit...
- Japanese firms like Softbank Capital show growing interest in India’s thriving startup ecosystemHaving witnessed explosive growth in China over the past few years, Japan is now eager to reap benefits of a similar growth trend projected...
- MobiKwik in talks with venture capital funds to raise $25 millionThe move comes weeks after the Reserve Bank of India asked ventures providing services to domestic consumers to follow the two-step authent...
- Japanese investors flocking to Indian shores to invest in early stage technology venturesNetprice .com, one of Japan’s largest investor firms and consumer internet-focused incubators, is scouting for opportunities in India.
- Electronics payment firm FSS feeds on investor appetite to raise Rs 350 croreChennai-based electronics payment processing firm Financial Software and Systems has decided to ride on the current investor appetite in th...
- Citrus Payment ropes in econtext Asia, Beenos Asia to raise Rs 33.9 crore for expansion plansThe new investors include Japanese company econtext Asia and Beenos Asia, a wholly-owned subsidiary of Japanese e-commerce and incubation m...
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