Category "News"

Swiggy Raises $2 Million Funding From SAIF And Accel Partners

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Swiggy Fund Raising

SAIF Partners and Accel Partners have invested $2 Million in Bengaluru-based Swiggy, an on-demand food ordering start-up out of Bengaluru offering speedy deliveries from neighbourhood restaurants. Swiggy started operations in August 2014 in the Koramangala neighbourhood of Bangalore and has been growing at a very fast pace since. Using a...

FreeCharge Raised $80 Million In Series C Funding

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FreeCharge Raises $80 Million In Series B Funding

India’s leading online mobile recharge platform FreeCharge today announced that it has raised $80 million (approx. INR 480 crore) in funding. The investors for the fresh round includes San Francisco-based head fund Valiant Capital Management and Hong Kong-based hedge fund Tybourne Capital Management. The round also saw participation from existing...

Facebook Launches ‘Facebook Lite’ App For Low-end Phones

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Facebook Lite Android App

World’s largest social networking website Facebook has launched an app called Facebook Lite, which is optimized for low-end Android devices. Facebook Lite launched in a limited number of countries across Asia and Africa over the weekend. Depending on the app’s feedback, Facebook Lite may expand to other countries. One of the biggest complaints about...

Zomato Acquires Urbanspoon; Sixth Acquisition In Last Six Months

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Zomato Acquires Mekanist

Zomato, the restaurant search app, announced today that it has acquired Urbanspoon for an undisclosed amount in an all-cash deal. The acquisition marks Zomato’s entry into the United States. This also establishes Zomato’s presence in Australia and Canada, while adding to its already dominant position in United Kingdom and New Zealand. After...