A few months ago, US-based wealth management firm Raymond James conducted a survey on Apple HomePod- a wireless home speaker, and found that 14 percent of iPhone users were interested in purchasing the product. The device was debuted in June...
When investors are treading carefully before making investments in startups in various countries, VCs are still bullish about China-based startups. This week, Chinese tech startups witnessed 35 funding deals of worth $1.03 billion, which speaks volumes about the startup ecosystem...
To use India as a key global manufacturing base for selling the electric vehicle in the country and abroad, Japanese automobile majors Toyota and Suzuki have signed an in-principle agreement to consider a joint structure for the introduction of...
India’s home-grown e-commerce firm Shopclues is in talks of a merger with Flipkart and Paytm, said two sources aware of the development. As per sources, talks are in the preliminary stage with both companies. Importantly, this is the second time...
Hyderabad-based Kahaniya.com, an online storytelling platform in regional languages, has raised $200,000 in a seed funding round from a bunch of undisclosed US-based NRI's (non-resident Indians). The startup, which is evaluating the business-to-business segment as a potential revenue channel, will...
India unicorn messaging app Hike revenue has seen steep down in the financial year ended this March. According to the filings with Registrar of Companies (RoC), total income for this year was more than half Rs 11.4 crore from last...
The Karnataka government has kicked-off a project to install WiFi facilities in all gram panchayats across the state. The project will initially start with 2,650 gram panchayats. In November last year, a pilot project was launched in 11 villages. With more than...
Facebook has launched an app called Facebook Creator that will allow video creators to make original videos, go live with exclusive features and connect with their community on the social networking site. “We are really excited by the ways creators...
Leveraging local networks for last mile delivery is a growing trend amongst e-commerce companies in India. After Amazon and EKart (Flipkart’s in-house logistics arm), Myntra had begun tapping network of ‘Kirana’ stores to fulfil its last mile in April...
Hyperloop One, a startup backed by Virgin Atlantic’s Richard Branson to create ultra-high-velocity transportation solution has signed a MoU with Karnataka Urban Development Department (KUDD), to conduct a feasibility study in Bengaluru. If the project comes to fruition, passengers will...
The government has been pushing for the electric vehicle in a big way for quite some time. In a recent boost to the e-vehicle sector, Energy Efficiency Services Ltd (EESL) is floating tender of around 10,000 electric vehicles during...
Facebook is piloting an Olx-Quikr-kind-of-model in India called “Marketplace”, where it will connect local buyers and sellers. Marketplace, which is already up and running in 35 countries, will first launch the testing model in Mumbai. “In India, we are seeing...
Uber is building technologies that will ensure users to book a ride in India with low bandwidth connectivity or even without smartphones. The ride-hailing company is also working on technologies that will make estimated time arrival (ETZ) more accurate...
India's most funded e-commerce company Flipkart and Chinese firm Tencent may together invest $100 million in food delivery startup Swiggy. According to a report in The-Ken, these companies are in conversations for a month and will soon seal the...
Online ticketing booking company BookMyShow has partnered with PVR Pictures for ’Vkaao’, a web-platform that allows individuals to choose films they want to watch at their local PVR cinemas. Launched in January this year, Vkaao is first of its kind...
Digital payment behemoth Paytm has partnered with ICICI Bank to launch an interest-free short-term loan product - Paytm-ICICI Bank Postpaid. It will enable Paytm customers to access instant loans in the range of Rs 3,000 to Rs 10,000 for...
Out of Rs 10,000 crore announced under Fund of Fund for Startups (FFS) by the Government of India, funds of merely Rs 600 crore were given to Small Industries Development Bank of India (SIDBI) not directly to startups. According to...
SoftBank has planned to invest as much as $25 billion in Saudi Arabia over the next three to four years, according to Bloomberg. The Japanese telecom conglomerate aims to spend up to $15 billion in a yet-to-be-built city called Neom...
Infibeam has been granted an in-principle license by apex banking body RBI for B2B payments of utility and service bills across the country. The Ahmedabad-based company will leverage its payment platform CCAvenue for it. CCAvenue will also onboard Bharat Bill...
Delhi-based i2e1, a smart network layer platform which aims to provide low-cost and free Internet to consumers, has raised $3 million in Series-A funding led by impact investment firm Omidyar Network. IIT-Delhi-incubated i2e1(Information to everyone), also saw participation from US-based...
Global investment bank Nomura has selected eight startups under ‘Voyager - Nomura FinTech Partnership' programme in India. The programme, which was launched in India earlier this year, aims to build innovative solutions for the capital markets and investment banking...
In order to encourage entrepreneurship in the country, the government has provided Rs 1587 Cr in fund to startups since the launch of Startup India programme in India said Department of Industrial Policy and Promotion Secretary Ramesh Abhishek. "We have...
Chinese phone maker company Xiaomi has witnessed its sales quadrupled in September quarter in India and emerged as the fastest growing smartphone brand in the country, according to the International Data Corporation (IDC). Xiaomi accounted for 24 percent of India’s...
After disrupting telecom industry, Reliance Jio is all set to disrupt e-commerce market by leveraging its vast network and subscribers in the country. The company is working with kiranas stores and consumer brands to create an operational model that will...
Amazon appears to be upping its ante against arch-rivals with series of investments in different units. The Seattle-based company has invested $450 million (Rs 2,900 crore) into Amazon Seller Service. This is the largest capital infusion into its marketplace...
Delhi-based Online golf community and marketplace startup GolfLan has raised $1.2 million from Dubai-based entrepreneur Deven Lakshmi Chand Bebhia. The startup, which has operations in the Middle East, North Africa, and Southeast Asian countries such as India, Malaysia, Singapore, Indonesia,...
Zoomcar, a self-drive car rental company, in partnership with Mahindra and Mahindra has launched electric vehicles (EVs) in Mysore, Karnataka. The company rolled out 20 e2oPlus, Mahindra’s all-electric smart car, and two fast-charging units. Eco-friendly vehicles can be hired by...
Online food ordering and delivery startup Swiggy has launched Swiggy Access, an initiative which allows its restaurant partners to set up kitchen spaces in their neighbourhoods. With no rent or deposit facility, these ready-to-occupy kitchens will offer the company's restaurant...
Food discovery engine Zomato has launched 'Zomato Gold' – a membership program for premium dining out and social drinking experiences across Delhi NCR, Mumbai and Bengaluru. The Gurugram-based company has priced gold membership at Rs 599 for three months...
India's e-tailer Flipkart smartphone called Billion Capture+, which will be priced at Rs 10,999 for the 32GB model and at Rs12,999 for the 64GB model, will be launched on Wednesday. The smartphone has been designed, engineered, manufactured and tested in...
Fintech startup Active.Ai has secured $8.25 million in a Series A funding round co-led by Vertex Ventures, Creditease Holdings, and Dream Incubator. Existing investors Kalaari Capital and IDG Ventures India also participated in the round. Following the deal, Vertex managing...
On the occasion of Children's Day, India’s leading edtech startup Byju’s has roped in Bollywood star Shah Rukh Khan (SRK) in its new ad-campaign today. SRK along with a bunch of energetic children at a school annual day performance, brand...
Tech entrepreneur and billionaire from Canada, Terry Matthew in a collaboration with Indian company Ideas to Impacts have launched $10 million funds for Indian startups. The fund will give seed money for idea-stage and accelerator-stage startups in the business-to-business, software...
Beijing Sinnet Technology which runs Amazon's cloud computing services in China has agreed to purchase the Jeff Bezos founded company's Chinese web services business for up to 2 billion yuan ($301 million), ending the U.S. firms’s cloud-computing business in...
Months after the municipal corporation of the city of Bengaluru thought of solving the traffic woes through pod taxis, the Bruhat Bengaluru Mahanagara Palike (BBMP) floated tenders for the project’s implementation last week. It will be a driverless personal rapid...
US carmaker Ford, which last month partnered with Indian auto major Mahindra&Mahindra to explore joint working in product development and electric mobility, said they need a stable and predictable policy from the Indian government to make the investment and...
Ride-hailing behemoth Uber’s chief of policy for India and South Asia Shweta Rajpal Kohli has resigned from her position. Kohli joined Uber last year and is a former journalist. According to Reuters report, she will join software major Salesforce...
Mumbai-based enterprise loyalty and consumer rewards platform, EasyRewardz has closed a $2-million series-A round of financing led by TransContinental Venture Fund, existing angel investor Jitendra Gupta, managing director PayU and Vinay Chatlani, managing director at Soch. Earlier, EasyRewardz had raised...
Alibaba and JD.com, the two e-commerce giants in China, have done a business of over $45 billion in one day, during the annual online shopping fiesta 'Singles Day'. Singles Day is a celebration of China’s lonely hearts, and is held...
Bengaluru-based strategic seed funding company StartupXseed Ventures LLP has on-boarded Canbank Venture Capital Fund Limited (CVCFL), a venture capital firm set up by Canara Bank for an investment of 20% of the fund size. This collaboration will help enhance StartupXseed's...
  In order to boost ease of doing business and agriculture economy of the country, NITI Aayog is building IndiaChain, a blockchain network. IndiaChain will be linked to IndiaStack, a set of code developed around India's unique identity project Aadhar. Once...
After months of dilly-dallying, Japanese technology conglomerate SoftBank has finally agreed to invest multi-billion dollars in ride-hailing company Uber. The San Francisco-based company confirmed investment in a statement without giving details. “We’ve entered into an agreement with a consortium...
The government today launched the second phase of its flagship rural connectivity project, BharatNet to digitally connect rural and remote areas in the country by March 2019. It has proposed a subsidy of Rs 3,600 crore to private telcos such...
Cricket legend Sachin Tendulkar-backed-Universal Sportsbiz Pvt. Ltd (USPL), the owner of fashion brands Wrogn, Imara and Collectabillia, is raising Rs 100 crore from existing investor Accel Partners. In its third round of investment, the early stage VC firm has also...
Paytm is acquiring daily deal platforms Nearbuy and Little in a distress sale. The Noida-based company has been engaged in acquisition talks with both companies for months. Paytm sees Little and Nearbuy as platforms that would help it accelerate...
This week 19 startups received funding, out of which 12 were disclosed, who in total made a sum of $57.30 million. Among them, Qubole raised the highest investment of $25 million, followed by Kissht which raised $10 million. Meanwhile, seven...
Global e-commerce behemoth Alibaba has registered the sale of about of $19.2 billion on Singles Day (also known as 11.11 Global Shopping Festival) within 15 hours. Singles Day is a celebration of China's lonely hearts, has become the globe’s...
After years of economic protectionism, China is gradually opening up for multinational companies, foreign private investors and international private equity investment funds. The industry experts believe that the country is moving forward to maintaining a focus on economic development and...
Delhi-based Happily Unmarried, a consumer products firm is raising funds from Wipro Consumer Care, the personal care arm of Wipro Enterprises. Wipro did not disclose the quantum of the investment. Founded in 2003 by Rahul Anand and Rajat Tuli, Happily Unmarried...
US-based Nexus's incubator has selected four Indian startups under its incubation programme where it will nurture and scale up their business. The startups selected for the incubation are CleanLife, White Cub, RoadBounce, and VCP, according to a report by The...

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