With competition in the Indian ecommerce space intensifying, Flipkart has taken a big step towards consolidating its numero uno position by securing an investment of $700 million. It is the first time the company has raised money this year, and this deal values it at a whopping $15 billion.
According to Startup Ecosystem Report published by San Francisco based startup bench-marking firm Compass, Bengaluru is the world’s 15th best startup ecosystem, up from 19 in the last report published in 2012. Bengaluru is rated on five parameters – funding, market reach, talent, experience, and performance of startups.
Pepperfry, one of the leading online furniture retailer companies in India, raised a whooping USD 100 million as their fourth round of investment from Goldman Sachs, Zodius Technology Fund, and their existing investors Bertelsmann India Investments and Norwest Venture Partners.
In today’s fast-paced world, how often do we manage to take out time to surprise our loved ones and bring out a smile? It is where Oye Happy comes to the rescue. Started by Harsh Khemani and Varun Todi, Oye Happy is a fun and fresh start-up that operates on one motto. Happiness!
Pranoti Nagarkar, an Indian born Singapore resident and inventor of Rotimatic – an automated device for making roti in one minute, received a second round investment of $11.5 million, a media report said.
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