When Pepperfry, the country’s newest ecommerce startup, opened for business on January 3, founders Ambareesh Murty and Ashish Shah never anticipated that the day would end the next morning at 6.00 am. “We were giving away 200 Pepper Points to customers who signed up that day and by 7.30 pm we had 700 transactions,” says Murty. As a result, the payment gateway unexpectedly crashed for half an hour. The founders immediately got on the phone to attend to the 120-odd ...
Pepperfry Off to a Crackling Start. Now Comes the Tough Part
By Snigdha Sengupta | 25 January 2012 | 20:08
Peel-Works Raises Sub $1 Million Angel Round from IAN
By StartupCentral | 27 January 2012 | 13:01
Delhi-based Indian Angel Network (IAN) has announced an angel investment of Rs 3.25 crore ($600,000-plus) in Mumbai-based Peel-Works, a cloud-enabled sales force transformation and BPO startup. The investment will be used to expand the company’s product offerings, create technology differentiators and human capital. The company will host productized sales force consulting and transformation solutions on the cloud and [...]
TLabs to Launch Accelerator Programme with Five Startups
By StartupCentral | 26 January 2012 | 0:12
TLabs, the startup accelerator launched by Times Internet Group, media group Bennett, Coleman & Co’s Internet business arm, is ready to roll out the first batch of incubatees in its 13-week programme. Though the incubator had originally targeted ten startups teams, it will kick off the programme with five teams. Batch I gets into session [...]
Sequoia Invests $3.9 Million in Mobile Recharge Service Freecharge
By StartupCentral | 25 January 2012 | 13:05
Freecharge, an online service that enables mobile phone users to recharge their accounts in exchange for discount coupons, has raised $3.9 million in Series A funding from Sequoia Capital, reports Mint. The investment follows a seed round that the company had raised last year from Sequoia, says the report. Freecharge is owned by Mumbai-based Accelyst [...]
FoodKhoj Plans a SaaS Edge, Looks to Raise Seed Funds
By Janaki Ghatpande | 24 January 2012 | 23:01
Bangalore-based FoodKhoj, a site that enables users to order food online and have it delivered from restaurants of their choice, is moving into the next level of growth with a SaaS-based model that will enable restaurant owners to set up and run their own food ordering portals. The company is in the market to raise [...]
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The Other VC Bets From 2011
By Snigdha Sengupta | 04 January 2012 | 2:40
Last year, while ecommerce took center-stage, venture capitalists also went off the beaten track. Dairy services and affordable dental care featured among some of the offbeat VC bets in 2011. Venture capital investments in India, despite the country’s diversity, still largely remain within the confines of the Internet and technology sectors. The over $357 million [...]
Which Way Will Flipkart’s Bansals Go?
By Murali K Menon | 26 December 2011 | 0:36
By taking the valuation of Flipkart to a speculated $1 billion-plus, founders Sachin Bansal and Binny Bansal have put India on the global ecommerce map. But are they really serious about building the country’s first Internet powerhouse, or are they just waiting for Amazon to come in and buy the company out? If you were [...]
Ashok Soota Starts Again
By Snigdha Sengupta | 10 April 2011 | 20:51
MindTree co-founder Ashok Soota is on a mission to disrupt the software services outsourcing business yet again. Is Happiest Minds, his new venture, the answer? Ashok Soota’s new online home is a bright and happy place. Sunshine yellow and lime green welcome visitors to India’s newest software services outsourcing startup Happiest Minds Technologies. Keeping with [...]
Breaking the Mould: Niche Entrepreneurship
By Snigdha Sengupta | 29 July 2008 | 17:34
Some weeks ago, a reporting assignment took me to Malegaon, a village in Baramati, which lies about 99-100 kilometers outside Pune city. My destination was an emu farm, Bhagirathi Hatcheries, in Malegaon, one of the first in the state of Maharashtra. Sandip Sadashiv Taware, the owner of Bhagirathi Hatcheries, used to be a poultry (chicken) [...]
Sequoia’s Hybrid Venture Capital Model
By Snigdha Sengupta | 13 January 2008 | 23:52
Sequoia Capital India, known as Westbridge Capital Partners earlier, got my attention last week with a new deal. VCCircle has a scoop on them investing Rs 120 crore in Unicon Financial Intermediaries, a financial services company founded by former Indiabulls executives Gajendra Nagpal and Ram Mohan Gupta, among others. These guys are into commodities broking, [...]
Uneasy Legacy
By Snigdha Sengupta | 11 August 2007 | 2:41
Last week ChrysCapital, some of you may remember them as Chrysalis Capital from another time, raised a $1.25 billion fund, its fifth so far (the last one had a $550 million corpus and was raised just over a year ago). This is the largest private equity fund raised for India till date and that too [...]
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- Peel-Works Raises Sub $1 Million Angel Round from IAN
- TLabs to Launch Accelerator Programme with Five Startups
- Pepperfry Off to a Crackling Start. Now Comes the Tough Part
- Sequoia Invests $3.9 Million in Mobile Recharge Service Freecharge
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