In line with the Company's strategy, the funds will be used for investment in marketing. These Third Tranche Shares represent approximately 2.7 percent of the existing issued share capital of the Company.
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This investment follows series A funding led by Accel Partners last year. Existing investors, including Accel Partners and some angels, have also made additional investments along with Omidyar Network.
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Meru will use these funds to further strengthen its foothold in the Indian market with a focus on providing quality service based on a sustainable business model.
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A financial year is the year in which you earn an income. An assessment year is the year following the financial year in which you have to evaluate the previous year’s income and pay taxes on it.
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BlogBeats aims to be a comprehensive content creation and discovery platform that will encourage the creation of blogs and other forms of content across 200+ categories, all tagged with a geolocation and timeperiod to enable enhanced search & discovery and better interactivity.
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This Series B round was led by Bertelsmann India Investments (BII), with participation from Darrin Capital Management and existing investors – Mayfield India, Saama Capital and India Quotient.
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YourDOST will strategically allocate the funds raised to rope in senior professionals from the industry in key leadership positions, to expand the scope of its operations and to reach out to more people.
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Voler Cars presently operates its self-drive rentals in New Delhi & Bangalore and is planning to reach 1000 car fleet operations within 12 months.
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