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Recent News
FoodTech startup Holachef raises funding
July 8, 2016Mumbai-based startup Holachef has raised fresh funding from two of its existing venture capital investors even as food technology as a domain is going through consolidation. The food-tech startup run by Holachef Hospitality Pvt. Ltd that also counts Tata Sons’ chairman emeritus Ratan Tata as an investor, bagged Rs 13 crore ($1.95 million) from Kalaari Capital and India Quotient.
Read more - http://www.vccircle.com/news/technology/2016/07/08/exclusive-existing-vcs-invest-more-holachef
Health-tech startup SeeDoc raises funding from YourNest, others
July 5, 2016Gurgaon based SeeDoc, which offers patients video consultation with doctors, has raised around $1 million (around Rs 6.7 crore) in its pre-Series A round of funding led by early stage venture fund YourNest . The app claims to have more than six lakh users and processes roughly 500 video consultations daily.
Myntra parent Flipkart front-runner to buy Jabong
July 5, 2016Flipkart, the parent of lifestyle e-tailer Myntra, is emerging as the front-runner to acquire rival fashion portal Jabong. Jabong currently commands 25% market share in online fashion retailing, while Myntra holds around 35% market share and the parent Flipkart has around 10% share. If Jabong rolls into its fold, Flipkart and its subsidiaries together will hold around 70% of the online apparel sales.
Read more - http://www.vccircle.com/news/technology/2016/07/04/myntra-parent-flipkart-front-runner-buy-jabong
1mg Technologies acquires diagnostic labs aggregator Medd
July 5, 2016Online healthcare start-up 1mg Technologies Pvt. Ltd has acquired diagnostic labs aggregator Medd (HolaMed Healthcare Technologies Pvt. Ltd) in a move aimed at boosting its diagnostic footprint. It has also roped in Ankur Gigras, a former marketing head for gastroenterology at healthcare firm Abbott India Ltd, to oversee the diagnostics business.
Customised furniture platform Stitchwood raises $200K from angel investors
July 5, 2016Stitchwood, an online customised furniture store, has raised $200,000 (around Rs 1.3 crore) in its third round of funding from Deepak Gupta, co-founder, Equity Crest and a bunch of unnamed angel investors. The funding will be utilized for operations, marketing initiatives and enhancing customer experience.
