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Author: Pankaj Handa

2017 bodes ill for startup ecosystem; deal value and number declined significant in Q1

FINANCE & BANKING 
May 2, 2017 Pankaj Handa Deal activity

2017 isn’t starting on a good note for the domestic startup ecosystem with the cumulative deal value for Q1 declining

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Ola reported 3X rise in y-o-y losses in FY16; revenue grew 7X

TRANSPORT 
May 2, 2017 Pankaj Handa Cash Burn

Ola, the largest ride hailing company in the domestic market, reported ~7 times y-o-y rise in the revenues for the

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ShopClues focuses on fashion for next revenue growth cycle

FASHION 
May 2, 2017May 7, 2017 Pankaj Handa fashion

ShopClues, one of the largest ecommerce firms in the domestic market, is increasingly focusing on fashion as its money spinning

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Fortigo raises $10 million Series A funding for expansion

MANUFACTURING 
May 2, 2017 Pankaj Handa logistics startup

Fortigo Network, the trucking logistics startup, has raised $10 million capital in a Series A funding round from existing investors

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Ronnie Screwvala to setup INR100 crore education fund for online scholarships

EDUCATION 
Apr 30, 2017 Pankaj Handa online scholarship

Ronnie Screwvala, the founder and previous CEO of UTV Group, is setting up an INR100 crore education fund to provide

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HDFC looking to sell its realty and digital arms to Quikr

ACQUISITIONS 
Apr 30, 2017 Pankaj Handa Quikr

HDFC, India’s largest private sector bank and mortgage lender, is in talks with online classifieds company Quikr to sell its

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Didi Chuxing raised $5.5 billion in one of the biggest funding rounds, ever

TRANSPORT 
Apr 30, 2017 Pankaj Handa ride hailing startup

Didi Chuxing, the Chinese ride-sharing firm, has raised $5.5 billion capital from a clutch of investors in the largest funding

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Mech Mocha raises $5 million to develop new games

TECHNOLOGY 
Apr 30, 2017 Pankaj Handa online gaming startup

Mech Mocha, the gaming startup, has raised $5 million in a series A round of funding led by Accel Partners

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PayTM to raise ~$2 billion from Softbank in a move to expand business

TECHNOLOGY 
Apr 30, 2017 Pankaj Handa capital raising

One97, the parent company of PayTM, is set to raise INR12,000 crore capital from Japanese media and telecom conglomerate SoftBank

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Vulcan Express in discussions with potential buyers for an outright control or majority stake

ACQUISITIONS 
Apr 30, 2017 Pankaj Handa Snapdeal logistics arm

Another business vertical of Jasper Infotech, the parent company of beleaguered ecommerce player, is up for sale. Vulcan Express, the

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