Category Archives: News

News

GVFL, Unicorn invests into Sequretek

GVFL, Gujarat Venture Finance Limited and Unicorn India Ventures have made an investment of an undisclosed amount in Sequretek, a cybersecurity startup, a company dealing with financial institutions. This is GVFL’s first funding announcement through its GVFL Startup Fund, the firm’s eighth fund with a target corpus of Rs 250 crore. After a fund-raising of…
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Garena rebrands as Sea; raises fund of $550 million

Garena, southeast Asia’s most valuable startup has been rebranded as Sea Limited after securing funding worth $550 million to take on e-commerce giants of the likes of Alibaba and other players in Indonesia. The eight-year old startup backed by Tencent Holdings bagged some new investors in its latest funding round such as GDP Ventures, led…
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Are Indian e-commerce firms re-inventing the wheel?

In a bid to curb higher marketing costs and cater to diverse customer needs in a highly competitive market, Indian e-commerce players, in a reverse trend, are now expanding their platforms to brick-and-mortar outlets, according to The Economic Times report by IANS. "The crux of the online business is low operating costs. This is fundamentally…
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Uber launches UberEATS, food delivery app in India

In a move to take over big players in the food apps space such as Zomato, Swigger, FoodPanda, Uber has launched its UberEATS service in India on Tuesday which would be initially available in Mumbai, according to company press statement. The company said it plans to expand the reach of UberEATS in India to six cities…
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