TaxiForSure raises $10 million
Bangalore-based Serendipity Infolabs Pvt Ltd, which operates taxi booking portal TaxiForSure, has secured $10 million in a series-B round of funding, led by Bessemer Venture Partners, along with older investors, such as Accel Partners, Helion Venture Partners and Blume Ventures.
TaxiForSure, operating in Bangalore, Chennai and Delhi, will use the money to enter 10 cities. With this round, the total investment raised by the firm has reached $14 million. Last July, it raised series-A funding from Accel Partners, Helion Venture Partners and Blume Ventures. The portal is an aggregator of cab rentals and offers point-to-point pick-up and drop, airport transfer, local packages (for four or eight hours) and outstation packages. It also provides luxury cars, such as the Rolls-Royce Phantom.
Four Indians win at Harvard meet
Four Indians are among the winners of a Harvard Business School competition that awards prizes worth $300,000 to new and innovative businesses and social impact start-ups conceptualised by the US B-school's students and alumni.
Amrita Saigal won the grand prize in the social enterprise category at the 18th Harvard Business School New Venture Competition for her venture, Saathi, which she co-founded with Oracle engineer Kristin Kagetsu. Saathi provides cheap sanitary pads made from waste banana tree fibre to women in rural India. Saigal and Kagetsu, both holding degrees in mechanical engineering from Massachusetts Institute of Technology, received $50,000 in prize at the competition. The winner in the business track category was start-up Alfred, launched by Marcela Sapone and Jess Beck.
Alfred is a concierge service individuals can use for daily and weekly tasks, including dry cleaning, house cleaning, buying groceries, laundry and more.The Alfred team also won $50,000. The runner-up in the social enterprise track was Tomato Jos, founded by students Mira Mehta and Mike Lawrence. It is a vertically integrated tomato processing company, helping small farmers in Nigeria grow tomatoes that can then be made into paste.
Bangalore-based Serendipity Infolabs Pvt Ltd, which operates taxi booking portal TaxiForSure, has secured $10 million in a series-B round of funding, led by Bessemer Venture Partners, along with older investors, such as Accel Partners, Helion Venture Partners and Blume Ventures.
TaxiForSure, operating in Bangalore, Chennai and Delhi, will use the money to enter 10 cities. With this round, the total investment raised by the firm has reached $14 million. Last July, it raised series-A funding from Accel Partners, Helion Venture Partners and Blume Ventures. The portal is an aggregator of cab rentals and offers point-to-point pick-up and drop, airport transfer, local packages (for four or eight hours) and outstation packages. It also provides luxury cars, such as the Rolls-Royce Phantom.
Four Indians win at Harvard meet
Four Indians are among the winners of a Harvard Business School competition that awards prizes worth $300,000 to new and innovative businesses and social impact start-ups conceptualised by the US B-school's students and alumni.
Amrita Saigal won the grand prize in the social enterprise category at the 18th Harvard Business School New Venture Competition for her venture, Saathi, which she co-founded with Oracle engineer Kristin Kagetsu. Saathi provides cheap sanitary pads made from waste banana tree fibre to women in rural India. Saigal and Kagetsu, both holding degrees in mechanical engineering from Massachusetts Institute of Technology, received $50,000 in prize at the competition. The winner in the business track category was start-up Alfred, launched by Marcela Sapone and Jess Beck.
Alfred is a concierge service individuals can use for daily and weekly tasks, including dry cleaning, house cleaning, buying groceries, laundry and more.The Alfred team also won $50,000. The runner-up in the social enterprise track was Tomato Jos, founded by students Mira Mehta and Mike Lawrence. It is a vertically integrated tomato processing company, helping small farmers in Nigeria grow tomatoes that can then be made into paste.
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