The tech world was abuzz this morning with reports that Quikr was eyeing a majority stake in real estate portal CommonFloor. An Economic Times article had stated that the deal would be worth Rs. 330 crore, and had been in the works for the last 5 months. The news was gaining steam and being picked up by other publications, until co-founder Vikas Malpani intervened.
Gurgaon based on demand grocery delivery platform pepper tap has raised $36 million(about Rs 239 crore) in series B funding from Snapdeal, Sequoia, SAIF and few other investors.
This Investment came rite before the festive season kicks in. Alibaba is also investor in Snapdeal. With this investment Alibaba directly would have 20% stake and Ant’s shareholding will come down to 20% from 25% before
As we all know the agriculture is India’s oldest but most politicised sector. Agriculture is still very unorganised in India and growth is way low. But with the help of technology we can organise this sector in coming years,” said Ashok Sharma ,President and chief executive of Mahindra Agri.
Music streaming service Saavn roped a big name on their advisor board. Mr Arun Sarin ,former CEO of Vodafone has acquired a minority stake in music streaming Saavn and will take an advisory role at the India-based company
Instamojo has recently turned 3, and the company has moved into a swanky new Bangalore office. Founded in 2012 by Aditya Sengupta, Akash Gehani, Harshad Sharma and Sampad Swain, Instamojo provides customers a platform to sell digital goods like ebooks, reports, comic books, music, software, templates, photos and tutorials by listing the item on the website and sharing the web link with others.
Australian girl, Bella Tipping, 12, is among the world’s youngest entrepreneurs. Her website, Kidzcationz.com, launched earlier this month, is taking the travel industry by storm. The website allows children to rate hotels, restaurants, theme parks and attractions, based on how well they cater to the younger members of the family.
Uber has turned to government portal to hire credible drivers in India. They will be looking for the drivers registered on National career scheme(NCS) portal, which is having a pool of job-seekers, verified and authenticated by government.
Practo is on an acquisition spree after it’s series c funding from Tencent. Practo just acquired Qikwell, a start-up which provides appointments scheduling at hospitals. This is the fourth acquisition by Practo in last 5 months.