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Helpchat Acquires Hyperlocal Discovery Platform, Niffler

Acquisition will also enable Helpchat to launch its services in Pune and Mumbai faster as Niffler already has a presence. Post the acquisition, the entire team at Niffler will join Helpchat. Launched in July 2014, the startup had raised funding worth $1 million in March 2015 from SAIF partners.

Delhi Based TravelKhana Raises Funding Led By Astarc Ventures

The undisclosed amount of funding will be used to expand to 400 stations and scale operations and improve technology by end of next year. The funding was led by Astarc Ventures and some net worth individuals. Founded in 2012, it currently serves 3000 passengers a day. The firm earlier raised $2...

India’s Counterfeit Sales Crossed 1 trillion in 2014

Amazon India and Askme.com have started creating awareness of genuine products being sold on their websites through mass media and digital campaigns. Counterfeit and smuggled goods in certain categories rose upto Rs. 1.05 trillion which is why India is in the priority watch list of USA

IDG Ventures Will Soon Raise A Fund Of Rs 1,300 Crore

The investment firm plans to use the funds in increasing its footprint in the overseas market and reach out to both overseas and domestic investors. Ratan Tata had recently joined the firm’s advisory board, after which they approached 150 family offices and has received about 50% of the commitments.

Uber Follows Ola; Introduces Disguised Phone Numbers

Disguised Phone Numbers shall increase privacy for Uber users and drivers.It ensures that all calls between riders and driver-partners are connected using anonymous phone numbers. This allows both sides to communicate with each other and coordinate a pick-up point without revealing phone numbers.