The funding round has been led by experienced entrepreneurs and IAN lead investors VGN Prakash, Amitabh Shrivastava, Krishna Jha and Ravindra Krishnappa. VGN Prakash is further joining the company board.
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BigDeal is currently live in more than 25 colleges in India and The US and has deals from more than 500 merchants, and aims to generate 1,000 transactions per day with 80% repeat user, within next 4 months.
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In 2016 so far, there have been 13 deals amounting to $81 million. Since 2012, such portals have attracted over $500 million investor funding spread across 66 deals.
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The group which completed 20 years earlier this month, has delivered 30 projects in Bangalore and Pune and earned itself a reputation for high quality design and construction in a very difficult industry.
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As China’s domestic digital ecosystem matures, entrepreneurs and investors have started seeking opportunities abroad, in particular Southeast Asia – a region seen by many as having emerging digital markets that are several years behind China.
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The acquisition of Jabong further strengthens Flipkart Group’s position as the undisputed leader in Fashion and Lifestyle segment in India.
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Founded by Ex-Yahoo stalwarts – Manjunath Talwar and Abhijit Khasnis, Hiree is at the forefront of innovation in the recruitment space.
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After launching in Noida, Fella Homes is planning to launch its operations in Bangalore, Pune and Hyderabad by end of this year. They are also looking to hire people across all verticals to grow it's size from 60 to 150 member strong team.
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