Here is a weekly recap of the major announcements and developments of this week from Digital and Startup India..
The legal tussle between Unicommerce and Paytm continues. Unicommerce said that all interim injunctions sought by Paytm were denied by the Delhi high court. However, Paytm claims that court asked Unicommerce not to use any data which it accessed from the sellers of Paytm. Unicommerce claims to have discontinued use of the logo.
The court also asked Unicommerce to Unicommerce to pull down its YouTube advertisement or remove Paytm’s logo from it.
Paytm declined to comment and said no statement has been given by the company so far.
NCR based startup Unicommerce that operates in the e-commerce space is doing what e-commerce companies are not – standing at the tip of a breakeven phase.
‘I believe NextBigWhat is doing a great job by providing startups visibility with investors. It ha helped us a lot in connecting with potential clients and investor community”.
Uniware pricing model works on order basis and it charges anywhere between INR 2 to 6 on every processed order and it can be deployed within 5-8 days time frame. : “We started reaching out to clients in May’ 2012 and are already working with some of biggest names in ecommerce like Snapdeal, Jabong.”
Founded by IIT-IIM alumni, Aditya Kandoi, Ritu Singh and Yogesh Agarwal, CareOnGo has built a co-branded network of micro-pharmacies across 8 cities in India
Advantage Club a mobile first platform for corporate-employee benefits has raised 2.7cr from Purvi Ventures, Mumbai Angels and other Individual Angel Investors.The funds will be used to enhance the product with analytical features, allowing better individual and corporate level personalization.
Nexus Venture Partners has three earlier funds – Fund I ($100mn) was announced in 2007, Fund II ($220mn) closed mid 2008 and Fund III ($270mn) in end of 2012. The fund investors include endowments, foundations, and financial institutions across North America, Europe and Asia.
Nexus Venture Partners will facilitate tie-ups with co-working spaces, offer mentoring, and access to the Nexus network and offer seed funding based on certain criteria.
Often you are advised not to startup if you’ve got too many personal responsibilities to take care of. It’s good advice but thats the problem with all generic advise. It’s not for people who are entrepreneurs at heart.
The core philosophy of UnPluggd is that entrepreneurs need to learn from each other and we continue with our mission!
Introducing to you, the peer edition of UnPluggd. We call it peer edition because most of the speakers are *still doing it, still learning* and aren’t really the ones who will throw loads of gyaawn on you!
If you have missed out on all the action we covered this week, here’s a curated list.
When the gold rush happened, toolmakers made more money than the miners. India’s Ecommerce gold rush is no different.