Salman S.H
Stories by Salman S.H
India: Venture-backed Pepperfry narrows loss to $20m in 2016-17, revenue up 30%
The firm reported a revenue of Rs 127.5 crore, up 30% from Rs 98.2 crore last year.
India: Swiggy appoints Vishal Bhatia as CEO of new supply business
Bhatia comes with 19 years of experience in consumer goods firms like Reckitt Benckiser, PepsiCo and Britannia.
India: PoS machine-maker Mswipe raises $10m from DSG Consumer, B Capital
Mswipe announced the Series D round in June, when it initially raised $31 million from Ratan Tata’s UC-RNT Fund, Matrix Partners India and Falcon Ed
India: IIFL fund acquires stake in gaming firm Nazara Tech for $51m
Nazara announced that it would launch an IPO by the end of the March to raise Rs 1,000 crore
Matrix Partners, Accel invest in Indian student housing platform Stanza Living
Stanza competes with other accommodation aggregators like Nestaway, Zocalo, Homers and Homigo. The firm will use the funds to expand into new cities,
With growing readership, Indian content startups stir interest from investors
Investors are bullish about the potential of content start-ups that can serve tens or hundreds of millions of Internet users.
India: Kissht raises $10m in funding from Fosun RZ Capital, others
Prophet Capital, Beijing and existing investors Ventureast and Endiya Partners also joined the round.
India: Wealth management startup Fisdom raises $3.8m led by Quona Capital
With this fresh funding, Fisdom plans to add new financial products to its portfolio.
India: Online lending startups thrive as banks with bad loans become cautious
Slowdown in bank credit, has given a boost to financial technology start-ups.
India: Swiggy partners Indifi Technologies to provide loans to restaurants
Since launching its pilot in mid-September, the programme has received over 200 applications from restaurant partners across eight cities.
