Round up of the major headlines that dominated the Startup sector, nationally and internationally.
Indian online pharmacy startups chasing an almost $1-billion market are struggling to convert orders into sales. The hitch? Customers aren't providing proper drug prescriptions.
Location-based app for finding patient-reviewed clinics in the vicinity and booking doctor appointments, Medinfi has raised an angel round of Rs 2 crore from a group of investors. The company, founded by Ravi Shankar Mishra, former head of retailer marketing at Amazon late last year, is currently live across Bangalore, Delhi-NCR and Mumbai, covering a network of 3000-plus clinics and doctors.
Aditya Sanghi swears by certain impulsive decisions that he took which positively impacted his life. The decision to co-found a startup was one; getting hitched to his lady-love the other.
Online real estate portal Housing.com said it is going to focus on its home buying and selling business and scale down on all other verticals including listings and rentals.
Tiger Global Management, the most prolific backer of startups in India, has decided to tone down its current aggressive style here, several people aware of the thinking at the US firm said, in a reflection of the limits of its strategy so far as well as the changing investor mood.
Samsung Electronics Co. employees who came up with creative products outside core businesses in the past would often see their ideas buried in bureaucracy and inertia. The response this year when an engineer developed a wristband to avoid eavesdropping was very different: Samsung helped him start his own company.
Indian angel Network (IAN) has invested Rs 3 crore as in jewelery portal Fourseven.
HeyPillow, an online real estate marketplace, has garnered $3 million (about Rs 20 crore) in 'Series A' fund-raising from Hampton Capital.
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