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The forecast depends on the run-rate seen in Q1 2016, and the contribution from first quarter to the yearly deal volume. There have been 255 deals till mid-April this year, said the report.  2016 will keep on being the year for startups as investment funds keep the money desiring a generally cash-compelled ecosystem. While financial speculators will keep subsidizing the startups, 'little is protected' is liable to be the characterizing theme for startup subsidizing, as deal size is relied upon to be much littler in contrast with the hyper subsidizing as of late, claims VCCEdge Q1CY2016 Startup India Funding Report.  The year 2016, consequently, will be the year of solidification with startup valuations getting trimmed, early-stage financial specialists turning mindful and a general fixing of purse strings.  The report characterizes startups as organizations that have reported raising an Angel or Seed-stage subsidizing, or a Venture Capital Round An or Round B in th...

Mumbai-based online apparel startup, Bewakoof has raised an undisclosed amount from Snapdeal founders Kunal Bahl and Rohit Bansal. Alongside Snapdeal founders, Former IDFC Securities Managing Director and co-Head of Research, Nikhil Vora has likewise put resources into individual capacity. The organization was selling its product all alone's store and on marketplaces, however now it has chosen to change to a terminus model. The startup has possessed the capacity to generate an annual sales run-rate of INR 20 crore and targets to achieve the USD 100 million in the next 5-7 years. Its revenue has grown 3 times in the past 6 months and in excess of 50 percent of its sales originates from mobile. Prabhkiran Singh, fellow benefactor of Bewakoof.com said, "We switched on the grounds that this is the place the future is. India will skirt the composed retail revolution and the online retail will rise to be a bigger business. We accept that 30-40 major online fashion brands with U...

Indian e-commerce website, Flipkart is closing down its payment gateway business Payzippy , as it neglected to perform as per the organization's desires, says a report from Livemint,. The online retailer has propelled this different firm Flipkart Payment Gateway Services (FPGS) Pvt Ltd a year prior to give payment answers for traders. Flipkart launched PayZippy in July last year to compete with services such as CCAvenue and Paytm. Additionally, Flipkart has made a "strategic speculation" in Ngpay (Jigrahak Mobility Solutions Pvt Ltd), a payment administration and a commercial center that presented mobile payments in India. Ngpay seems to have a reasonably far reaching versatile application based marketplace, offering ticketing from IRCTC , numerous bus travel services, flight tickets, apart from recharging and top-ups, cinemas and event tickets. Payments are permitted through Mastercard, Visa, Maestro and American Express. I simply needed ngpay, and was informed that...