ShareChat acquires HPF Films for undisclosed amount
Started in 2018, HPF Films has produced 3500+ titles across different formats including web-series, digital ads, short films, and documentaries for 20+ brands like Meesho, OKCredit, ixigo, and Ola among others.
Y Combinator unveils 14 Indian startups in its first fully remote startup batch
Indian startups have the third-largest representation after t...
Indian startups like Grofers, Zomato start restoring salaries after pay cuts
While the country's economy has gradually begun to open up, albe...
Slow clearance of Chinese goods may put etailers like Amazon, Flipkart in a spot
India’s move to delay Customs clearance for goods, components and raw materials imported from China could hurt companies like Flipkart, Amazon, Snapdeal and Paytm Mall, as it puts at risk categories that contribute over 50% of sales on these ecommerce
Meesho, Shopclues, NoBroker, others enter online grocery space for survival
The foray into grocery and delivery of essentials have also been pushed by local governments and allows these businesses to get curfew passes to stay operational during the lockdown period.
Meesho investor buys Esops worth $1 million
“Liquidity events like these shows to our employees as well as future prospectus that our stock options have real value,” said Sanjeev Barnwal, founder of Meesho.
Micro-entrepreneurs get going when it gets tough
While this economy is likely to see a boost in the coming months, businesses around it, including payments and insurance, will also grow, experts said.
Recko raises $6 million in Series A funding
India is witnessing a continued surge in the number of digital transactions and many enterprises, banks and financial institutions are finding it difficult to keep track of the money flowing across the organization, according to the startup.
Employee social network Mesh raises funds from Y Combinator, others
Mesh is building an internal social platform for companies that makes it easier for employees to track their daily and weekly tasks, manage long-terms goals, and get timely feedback from managers.
Meesho revenue at Rs 84 cr
The firm offers solutions for discovery, logistics and payments to enable easier transactions between resellers and buyers. The category is, however, plagued with high return rates of as much as 40-50%.
Momentum building up on our investment programmes in India: Facebook India's Ajit Mohan
Mohan said Facebook will make more investments in companies that are 'creating huge disruption which is good for India.'
Unfortunate that investing has turned political, globally: Naspers' Bob van Dijk
India banned 59 Chinese origin apps last month, including TikTok, and there have been reports suggesting that the United States could follow suit, amid a larger US-China trade war that has been raging between the two countries for some time.
Facebook puts $25 m in Meesho
With equity investment, it looks to drive entrepreneurship among women, in small towns.
Young startups fish for talent in big tech pool
Striking a balance in team dynamics is, however, not easy, founders say. Vivekananda Hallekere, CEO at Bounce, said defining the skillset for his early-stage team (zero to one) to work with his growth stage team (one to ten) was a key challenge as the company scaled up.
Meesho is in talks with Naspers for $120 million round
vThe investment, if it goes through, is expected to take Meesho’s valuation to $600-650 million, almost three times more than its previous funding round.