Weekly Recap: Startup Predictions for 2014; Real Gold Diggers of Ecommerce Industry & More
If you missed out on any of the action on NEXTBIGWHAT last week, go through our weekly recap below.
This week was again fuelled by a slew of funding related activity, with Inventus Capital raising a $106 Mn second fund to invest in Indian startups and online education service iProf raising Rs 55 Crore in a Series B round, being some of the highlights.
The launch of Bitcoin only e-commerce store HighKart also proved to be a positive development in the Indian Bitcoin ecosystem among all the current regulatory confusion.
We also covered some insightful trends on the Google VS Facebook advertising war, made our Startup Predictions for 2014 and a look at the real gold diggers of the e-commerce industry.
If you missed out on any of the action on NextBigWhat last week, here’s a quick recap.
Muvizz an online video-on-demand has raised Rs 2.2 crore in angel funding from three Singapore-based investors; Ashish Todi, MD at Frost Global Pte Ltd; Abhinav Patodia, director at Navtech; and Kumar Shwetabh, CEO at Pacific Global Inc. The funding will help expand team and reach out globally.
The company has witnessed a 150% growth in the number of products sold in 2015 when compared to sales during the same period last year. The company currently has over 30 million products across 70+ categories and over 45 million registered users. It now plans to grow to 1 billion products in sales per year and aims to have over 1 lakh sellers on its platform to do this.
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