The murmurs in entrepreneur circles about funding slowdown is still persistent. There are talks about bursting the startup bubble. The flames of uncertainty is still recurring, on top with the change of dynamics in startup ecosystem. However, when the country’s economic growth and purchasing power of people are on synchronized rise, there can be no dearth of funding. 2015 was a very good year, and 2016 is for taking things slow. But there is no stopping for the VC companies. Read our list of the top 10 most funded startups and get a dose of motivation for free!
Signaling consolidation in car trading portals, CarTrade has acquired competitor Carwale in a largely cash arrangement. “Both platforms will operate independently. CarWale will focus on being the new car brand, while CarTrade will be the used-car brand,” said Vinay Sanghi, founder of CarTrade.