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Leap Finance raises $5.5 million led by Sequoia IndiaLeading angels including Bhupinder Singh from InCred and Kunal Shah from Cred among others also participated in the funding round.- How a funding squeeze is driving entrepreneurs to abandon startups or scale down ambitionsIn 2015, some 140 startups folded up. A year later, over 200 shut shop, and this year more and more founders are discovering that starting ...
- Why 2016 was a rough year for Indian startupsAs investors snapped their purses shut, one-time favourite sectors ventures) saw funding dry up, as much touted startups withered in a host...
- What this Bengaluru-based start-up did when its business model didn't scaleGoZoomo returned more than half of the $7 million venture capitalists had given them, after coming to terms with the fact that their busine...
- Auto marketplace Droom extends services to 100 citiesThe company also claimed that the gross merchandise value is more than Rs 1,000 crore presently.
- Truebil raises Rs 35 crore Series-A funding from Kalaari Capital, Inventus Capital and Tekton VenturesTruebil, an online market for buying and selling second-hand cars, has raised Rs 35 crore Series-A funding from venture capital investors.
- Singapore's Temasek, March Capital lead Rs 950-crore investment in CarTradeThe money will be used to fund the cash acquisition of rival CarWale from German media conglomerate Axel Springer.
- US-based Cox Automotive buys stake in Mahindra First ChoiceCox Automotive has acquired a significant strategic stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahind...
- Why ecommerce titans like Kunal Bahl, Sachin Bansal are becoming super angels for entrepreneursReputed startup founders like Kunal Bahl and Sachin Bansal are now the first port of call for entrepreneurs seeking money for their emergin...
- Automobile-focused marketplace Droom joins JetSetGo for fun sky ridesDroom will also introduce charter and fun rides on planes, a service it hopes to eventually extend to cars and motorcycles.
- Yuri Milner to invest $2 million in used-cars marketplace ZoomoMilner has backed several other top Indian internet firms including Flipkart, Ola, Housing, Swiggy, Grofers and Practo in his personal capa...
- Fidelity to lead Rs 96 crore funding in CredRThe private equity arm of Fidelity is in advanced talks to lead a Rs 96 crore fundraising round in Mumbai-based CredR.
- Zoomo raises Rs 32 crore from SAIF PartnersZoomo, a marketplace that enables buyers and sellers of used cars to connect directly, has raised Rs 32 crore from SAIF Partners in its fir...
- Meet these early-stage investors under fortyStartup founders say they benefit from Anand's high energy and deep insight into products.His entrepreneur tag is seen as a big plus.
- Logistics no barrier for startups like vertical marketplaces startups like ZoomoTo optimise the time between a customer's order and car verification, Zoomo hired and trained a six-member team to certify the quality of c...
- Startups struggling to find follow-on funds due to closer scrutiny by VC firmsAccording to a study done on 2,000 US VC-backed cos during 2004-10, only 24% of these startups were able to return profits for their invest...
- Venture capitalists push deep into seed dealsData from research platform VCCEdge showed that the number of angel and seed deals has consistently increased from 117 in 2011 to 283 in 20...
- SAIF Partners bets $1 million on YoungMonk Technologies' ZoomoThe deal takes early-to-growth stage investor SAIF Partners’ tally of seed deals, or investments in pre-revenue startups, to 10 in just 12 ...
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