GoPeppers.com, an Indian startup that has been operating for more than a year, is already making waves in the e-grocery market of Noida by achieving 300 daily clients that provide an individual volume of INR1,500.
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US venture capital firm Lightspeed closes $950M for new early-stage fund
Menlo Park, US-based venture capital firm Lightspeed Venture Partners (LSVP) closed $950 million for its new investment fund that will back early-stage companies in the consumer and tech sectors.
Chennai Angels backs Indian education startup Skyfi Labs
The Chennai Labs (TCA) and Spark Capital backed Bangalore, India-based engineering education startup Skyfi Labs with an undisclosed amount for its expansion and product development.
Indian software firm Persistent Systems invests in California hygiene startup Hyginex
Pune, India-based software services firm Persistent Systems used its venture capital fund to invest an undisclosed amount in California, US-based hand hygiene solutions startup Hyginex for its international expansion.
Indian payment solutions provider Innoviti nabs INR10 crore in debt funding
Bangalore, India-based payment solutions provider Innoviti nabbed INR10 crore in debt funding from Tata Capital and other investors from London and India to scale up its Middle East operations and beef up its management team.
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Bangalore, India-based online jewelry retailer BlueStone bagged $10 million in its Series B funding round led by venture capital firm Kalaari Capital to beef up its marketing and branding campaigns.
Malaysia Airlines flight MH370 search and rescue operations were extended up to the Indian Ocean after reports that the jetliner might have flown additional hours after its departure from Kuala Lumpur.
Chennai, India-based local language speech-based software solutions provider Uniphore Software Systems grabbed an undisclosed amount of funding from angel investors Indian Angel Network, Ray Stata, and YourNest Angel Fund for its international expansion.
San Francisco, US-based digital music service Rdio picked up troubled Chennai, India-based music streaming startup Dhingana for an undisclosed sum as part of its strategy for international expansion.
Indian entrepreneur and angel investor Sashi Reddi is backing Hyderabad-based fast food restaurant chain Hello Curry with INR3 crore from his seed-stage venture fund Sri Capital.
Former Apple chief John Sculley is teaming up with former HTC India head Ajay Sharma and Singaporean investment firm Inflexionpoint to launch a yet-unnamed smartphone brand in India, which will release its first units in April.
Arkansas, US-based retail giant Walmart is planning to establish an e-commerce marketplace in India in a bid to compete with online retail giants for a share in India's e-commerce industry.
Wetzikon, Switzerland-based cable solutions provider Reichle & De-Massari (R&M) acquired Bangalore, India-based fiber optic products manufacturer Advanced Fiber Systems (AFS) for an undisclosed sum as part of its efforts to expand in India.
Bangalore, India-based social media marketing and analytics firm Salorix Inc closed down its operations after it failed to raise fresh capital due to the founder's feud with investors.
