Online Counselling Startup YourDOST Bags Funding from SAIF Partners, OthersBangalore-based an online counselling and psychological support platform, YourDOST has raised $1.2 million (around Rs 8 crore) in a funding round led by venture capital firm SAIF Partners, as reported by VCCircle.
Existing investors Aprameya Radhakrishnan, co-founder, TaxiForSure; Phanindra Sama, co-founder, redBus; Subba Rao Telidevara, former partner of PE firm Actis and founder of LotusPool Capital Pool; Vibhu Garg, co-founder, Unicommerce, Paula Ravindra Mariwala, executive director, Seedfund and Gaurav Bhalotia, vice president – engineering, Flipkart also participated in this round.
Following the latest investment, the valuation of the startup has gone up to $5.38 million.
Voler Cars Gets Undisclosed Amount of Funding Self-drive car rental company Voler Cars has raised an undisclosed amount of funding from Kanodia family, and Amit Banka, an entrepreneur and investor. Voler competes with bigger rival Zoomcar, and aims to have a fleet of 1000 cars in 12 months. The funds in this round will be used for adding more cars to its fleet in Hyderabad, Mumbai and Pune among other cities. The startup was founded in 2010 by Vikas Parasrampuria.
Reliance Jio’s Amitabh Jaipuria Steps DownAmitabh Jaipuria, president and mobility business head of Reliance Jio Infocomm, has stepped down ahead of the Mukesh Ambani-led telecom entrant's much-awaited commercial launch of 4G services.
Jaipuria is learnt to have put in his papers last week on personal grounds and may move out of the telecom industry, as per ET report.
A former managing director of the Indian unit of US agriculture company Monsanto, Jaipuria joined Reliance Jio a little over two years back as its wireline business head. About a year ago, he was asked to manage Jio's mobility business and oversee a host of functions, including customer acquisitions, usage and retention (U&R), Wi-Fi and enterprise businesses.
eBay partners with MallForAfrica.comAmerican eBay sellers will soon gain access to Africa’s biggest consumer markets. The company has partnered with U.S. eCommerce firm and online shopping startup MallforAfrica.com, set to go live July 2016.
The arrangement will launch a new “eBay Powered by MallforAfrica dedicated platform,” said eBay Business Development Director Fernando Saiz. “The platform will enable inventory from all eBay U.S. individual and business sellers with a 300+ star rating to be purchased by buyers in Nigeria and Kenya.”
Sales on the Ebay.MallforAfrica.com site will begin “first in Nigeria, then Kenya, followed by Ghana, all in 2016,” confirmed MallforAfrica CEO Chris Folayan to TechCrunch, noting additional African countries will follow.
