The Economic Times

Walmart to establish e-commerce marketplace in India

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.

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Indian social analytics firm Salorix closes down operations

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.

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Aavishkaar invests INR18.6 crore in US-based luxury brand Mela Artisans

Mumbai, India-based social venture capital firm Aavishkaar Venture Management invested INR18.6 crore in US-based luxury lifestyle brand Mela Artisans for the latter's domestic and international product expansion.

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ASK Pravi picks up $8M stake in Indian Clothing League

Mumbai, India-based private equity fund manager ASK Pravi Equity Opportunities Fund picked up a minority stake in Chandigarh-based children's clothing firm Indian Clothing League Pvt Ltd for INR50 crore ($8.08 million).

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Ankur Capital backs three rural startups in India

Mumbai, India-based impact investment fund Ankur Capital shelled out INR50 lakh for a 30% stake in each of the Indian rural startups cloud farm-management systems firm Cropln, home compost company Daily Dump, and eye-care service provider ERC.

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Singaporean data analytics firm Crayon Data secures INR7.3 crore for expansion

Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.

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Google acquires Israeli security startup SlickLogin

Tel Aviv, Israel-based security startup SlickLogin confirmed that it is being added by Santa Clara County, US-based Internet giant Google for an undisclosed amount in an acqui-hire deal.

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Identity authentication firm HID Global acquires New Mexico's Lumidigm

California-based identity authentication firm HID Global acquired Albuquerque, New Mexico-based authentication solutions provider Lumidigm for an undisclosed amount to extend its product portfolio and gain new secure identity solutions.

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Indian optimization software startup IntelloCut secures $200K in funding

Noida, India-based optimization software startup IntelloCut secured $200,000 (INR1.3 crore) in funding from a group of investors led by Blume Ventures and Google India's Ranjan Anandan.

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Japan's incubator Netprice eyes $4M investment in Indian tech startups in 2014 -report

Tokyo, Japan-based incubator and investment firm Netprice.com Inc is planning to invest $500,000 to $4 million in three or four mobile and web startups in India this year, according to The Economic Times.

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India's first startup accelerator The Morpheus to shut down

The Morpheus, the first private startup accelerator in India, is shutting down its operations this week after six years of conducting accelerator programs for startups in the country, because of the fierce competition from its rivals.

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India's PSU banks initiates move to offload stake in CARE Ratings -source

India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.

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IDG and Ascent pick up minority stake in Indian software firm Newgen

Indian venture capital firm IDG Ventures and Canadian investor Ascent Capital picked up a minority stake in New Delhi-based software solutions provider Newgen Software Technologies for INR110 crore.

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Bangalore startup Lumos builds solar powered backpacks that charge mobile devices

Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.

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India's Turtle Yogi raises seed funding from Blume Ventures

Bangalore, India-based cloud-based video infrastructure operator Turtle Yogi Technologies raised between $250,000 and $350,000 in a seed funding round led by venture capital firm Blume Ventures, to build on the sales of its flagship product 1Click.io.

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