Startup

Delhi HC Directs HappyEasyGo To Stop Bidding For MakeMyTrip Keywords In Google Ads

The Delhi High Court, on Wednesday, granted an interim injunction in favour of online travel portal MakeMyTrip (MMT), in its trademark infringement suit against smaller rival HappyEasyGo (HEG).  The court also directed search engine giant Google to suspend HEG’s advertising account on Google Ads, where companies bid for certain keywords, to boost their visibility in …

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Ireland’s Olive Group Acquires Kerala-Based Edtech SaaS Platform Ofabee

Ireland-based online learning company Olive Group has acquired Thiruvananthapuram-based edtech SaaS platform Ofabee for an undisclosed amount in yet another international acquisition of an Indian enterprise tech startup.  Founded in 2013 by Ayyappan Asokan and Syamkumar, Ofabee’s SaaS platform enables coaching and training institutes to launch their own apps and websites, and sell courses to …

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Wingreen Farms Acquires Raw Pressery At 5X Lower Valuation Than Last Funding Round

Snacks and sauces maker Wingreens Farms has acquired organic juice startup Raw Pressery at a valuation of INR 100 Cr. The deal is a huge discount from Raw Pressery’s post-money valuation of INR 500 Cr when it had raised INR 65 Cr from Sequoia Capital, Saama Capital, DSG Consumer Partners and Alteria Capital. Till date, …

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Netflix To Release 41 Indian Titles In 2021; Will New Guidelines Influence Content?

Online streaming giant Netflix, on Wednesday, said it will release 41 Indian films, shows and documentaries in 2021. This will include new titles and new seasons of existing titles.  The upcoming Indian releases include the second season of the Emmy-award winning crime series Delhi Crime, supernatural crime thriller Aranyak, the second season of The Viral …

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[What The Financials] Paper Boat FY20 Losses Touch INR 100 Cr As It Bulked Up Its Product Lineup

Gurugram-based Hector Beverages, which runs beverage and snack brand Paper Boat, has reported a 20% increase in revenue in the financial year 2020 that ended in March last year. The company’s revenue grew from INR 195 Cr in FY2019 to INR 235 Cr in FY20, but the higher spending on new product launches, stock-in-trade resulted …

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Logistics Unicorn Delhivery Acquires Retail Tech Primaseller

Gurugram-based logistics unicorn Delhivery has acquired a software-as-a-service (SaaS) platform Primaseller, which allows small businesses to manage their inventory and orders across online and offline channels. The acquisition of Primaseller would help Delhivery to strengthen its long-term vision of becoming an operating system for commerce in India. “This development will help us bolster our technical …

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PolicyBazaar Raises $45 Mn From Secondary Sale Of Shares

Online insurance aggregator PolicyBazaar has reportedly executed a secondary sale of shares worth about $45 Mn, with existing investors such as private equity firm True North and some individual investors selling their stake in the company.  According to ET, which first reported the development, the secondary sale of shares has valued the company at $2.4 …

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LIC Invites Payments Startups To Bid For Mega Insurance Contract

India’s largest insurer, the Life Insurance Corporation of India (LIC) is inviting bids from companies to enable digital payments of insurance premiums for over 250 Mn customers, which would automatically catapult any startup to among the top payments processors in the country.  Bengaluru-based Razorpay has been invited to bid for LIC, while the likes of …

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Zomato’s Investors Won’t Exit In $1 Bn IPO, Says Founder Deepinder Goyal

Indian foodtech unicorn Zomato is expected to raise $750 Mn to $1 Bn through its planned Initial Public Offering (IPO) this year.  According to ET, which first reported the development, the amount will be raised without any investor exiting or selling their shares in the company.  The company’s cofounder and CEO Deepinder Goyal reportedly told …

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