Driving an adoption of a new feature or product is not easy until it doesn’t solve a glaring problem. The situation gets more challenging when the product is paid and the company behind has been evangelising a freemium model. ...
US giant e-tailer Amazon sees a huge opportunity in the grocery sector and believes groceries and households products will account for half of the business in coming years. "From avocados to potatoes, and meat to ice cream -- we'll deliver...
After-sales car service provider Pitstop, which connects car owners with multi-brand garages on its platform has bagged $1.6 million as a part of its pre-Series A funding round from existing investors Singapore-based Goldbell Group and Blume Ventures. The previous tranche...
After a long discussion and hurdles, it seems SoftBank is willing to take an exit from Flipkart, who infused a staggering $2.5 billion in the Indian e-commerce giant. As of now, Japan's tech titan has been a major hurdle...
Roots of $300 million worth Bitcoin-based scam hatched by GainBitcoin’s founder Amit Bhardwaj are getting deeper and engulfing notable personalities such as Sahil Baghla and Nikunj Jain. Bangla and Jain, serial entrepreneurs and co-founders of the Gurugram-based Darwin Labs,...
Handset maker Micromax, which also manufactures LED TV and tablets, is planning to take a leap into electric vehicles and battery manufacturing segment, according to an ET report. The report added the company will soon begin the testing for the...
Updated: We have changed the headline after One97 Communication confirmed it has 300 million overall registered users In late February, before the end of the deadline for digital wallet companies to fulfil KYC norms, less than 10 per cent e-wallet’s...
The Aadhaar-enabled payment system (AePS) has witnessed 7.7 million more transactions in March in comparison to 6 million in April last year. The payment system, which is meant for users not comfortable with smartphones or debit cards, saw the transactions...
Nykaa, an online beauty, and personal care product retailer has raised Rs 75 crore fresh funds. The investment also spiked the Mumbai-based company's valuation at Rs 3,000 crore. The funding round was led by existing investors such as Sunil Munjal’s...
After settling the noise in the food-tech sector, the battle for supremacy in Indian foodtech space has shrunk between the two - Zomato and Swiggy. The two-way fight requires a lot of ammunition aka investment. And, both are raking...
Orkut Büyükkökten wants to create a new sensation by his social media app. His newly launched Hello Network is trying to recreate the magic once he did in early 2000. Soon after launching Hello Network in India, the firm has thrown another...
Days after the RBI barred banks from dealing in cryptocurrency, the Delhi High Court has issued a notice to the Reserve Bank of India, the Union of India, Ministry of Finance and GST Council on the matter. The notice was...
At a time when the Supreme Court is about to have final word on Aadhaar linking issue, the Reserve Bank of India (RBI) has amended its ‘know your customer’ (KYC) guidelines, making Aadhaar and PAN mandatory to maintain a...
Christopher Isaac Stone, popularly known as Biz Stone--the co-founder of Twitter has invested in Delhi-based healthtech startup 'Visit'. The funding round also saw participation from BlueJeans Network co-founder Alagu Periyannan and Karthee Madasamy, a former top official of Qualcomm Ventures. The...
Bitcoin is a fascinating phenomenon for many who have observed its value hitting through the roof and then tapering down to half from its peak. While some early investors who dared to invest in the virtual currency had made...
This week 16 startups received funding, of which 13 received a total sum of about $74 million. Among them, True Balance raised the highest investment of $23 million, followed by Chai Point, which raised about $20 million. Meanwhile, funding for three...
Low demand, increasing competition and pressure on margins are causing distress to mobile companies in India. In a recent move, to remain sustainable in the market, mobile companies are firing in-shop promoters (salesmen) in multi-brand shops or cutting salaries...
The Securities and Exchange Board of India (Sebi) has now been looking through Facebook profiles to catch manipulators involved in insider trading cases. The regulator is scanning suspected individuals friends list and activity performed through their profiles to establish whether...
A single lead comes with multiple speculations in media. And if the latest speculation is to be believed then Walmart is acquiring 51 per cent stake in Flipkart as early as next week. A lot of talks already have been...
Despite the dominance of the instant messaging apps including WhatsApp, Telegram, and Facebook Messenger, short messaging service aka SMS is still relevant and thriving as well. To give you a sense, Google estimates that about 8 trillion SMS-based messages...
Brokerage free hostel and apartment rental listing platform Zocalo has secured fresh funding of Rs 1.4 Cr from Xander Group--a global real estate & investment firm. Zocalo (a Mexican term for a public square or plaza) currently covers over 100...
If you are an Indian Premier League (IPL) fan and watch it on Hotstar, then you are amongst the 82.4 million viewers who made IPL 2018--the most-watched edition of the league as far as the opening week is concerned. In...
Peer-to-peer car and bike rental platform Drivezy has raised about $8 million in the second round of its initial coin offering (ICO) by offering tokens called RentalCoins - 1.O. The current ICO round is still open to raise another $5...
Expense management startup Fyle has secured an undisclosed amount of funding led by existing investors Pravega Ventures and Beenext with participation from Girish Mathrubootham-led Freshworks. The Bengaluru-headquartered company plans to deploy the proceeds towards expanding its sales and marketing as...
Mobile management services-cum-digital payments startup True Balance has raised $23 million in a bridge round of funding from Japan-based global messenger Line Ventures Corporation, Korean search engine Naver, Korean lender Shinhan Bank along with TS Investment and other partners. The...
In the fast-changing world, one has to be fast enough to walk hand in hand with changes to stay relevant in the world. It is as much applicable to men as it is to next generation children of the...
Two-wheeler maker Hero MotoCorp has forayed into e-commerce through a dedicated online store - hgpmart.com. Currently, the platform is selling auto parts under categories such as accessories, body parts, clutch brake and steering, electricals, engine and wheel for motorcycles...
Bollywood actress Shilpa Shetty Kundra has invested $250,000 in MamaEarth--an online baby care products startup. The Delhi-based startup will deploy the fresh proceeds to enhance awareness of the brand, expand product categories as also scale up its offline footprint...
US e-tailer behemoth Amazon is now fastest growing marketplace in India and has registered rapid growth in its Amazon Prime subscription service, said Amazon founder and CEO Jeff Bezos. In a letter to its shareholders, Bezos said that India...
Following the RBI mandate on data storage for digital payment players, the Internet and Mobile Association of India (IAMAI ) has called for a discussion on Thursday with all the leading payments companies to debate over the ongoing matter. On...
Tea brand Chai Point has raised $20 million in Series C round led by Paragon Partners. Existing investors - Eight Roads, Saama Capital and DSG also participated in the funding round. Following the investment, Siddharth Parekh, Senior Partner, Paragon Partners...
After starting the year with investment in music streaming service platform Gaana, Chinese Internet conglomerate Tencent is looking to invest an estimated $100 million (Rs 656.63 crore) in online fantasy sports platform Dream11. Owner of Wechat messaging platform has offered...
Online insurance brokerage firm Coverfox has raised about $7 million as a part of Series C round. The first tranche was raised in June last year when the Mumbai-headquartered firm raked in $15 million led by US insurer Transamerica. The...
After Bengaluru, Flipkart is planning to kick-off grocery delivery service ‘Supermart’ in Hyderabad, Chennai, and Delhi (NCR). The company also has staged a closed pilot in Delhi for its employees for two days early this week, two people familiar...
Gone are the days when phishing scams used to take place through email. With the advent of technology and upgradation in the payment system, the phishing scams have now reached the doors of people. One such incident happened to a...
The Reserve Bank of India (RBI) mandate on data storage has put almost digital payment industry into a split. Differences over RBI data storage diktat: Paytm stands in support while Google and FB express concern. While payment players like Paytm and...
Intra-city mini-truck aggregator Lynk has raised about Rs 20 crore from existing investor Ramco Group and the promoters - P.R. Venketrama Raja (Chairman - Ramco Systems) and Abinav Raja--the co-founder of the Chennai-based startup. So far, the surface logistics firm...
Smart speakers have been gaining quick grounds globally and it has turned out to be a kind of fad in India too. With estimated 25 million shipments of voice assistant devices (majorly smart speakers) worldwide, Google, Amazon, Apple and...
Search engine behemoth Google and smart card lobby did not want Aadhaar to be successful as they fear the UID project will put them out of business. The above statement was made by the UIDAI before the Supreme Court while...
To woo Indian consumers, Amazon has launched an Android web browser app called “Internet: fast, lite and private” that is designed to use minimal storage and data. However, Amazon hasn’t publicly announced the launch, but it’s currently available to Indian...
Tech-enabled scooter sharing platform, Vogo Automotive is reportedly in talks with country's cab-hailing major Ola along with Stellaris Ventures Partners and Matrix Partners to raise about Rs 40-45 crore in a fresh round of funding. If the deal fructifies, this...
The use of Blockchain-centric technology can significantly impact the efficiency of bank operations and reduce the costs and time involved in cross-border banking transactions, said Moody's Investors Service in its report. "Banks could benefit significantly from the development and implementation...
Singapore-based Zimplistic, the parent company of automatic roti maker Rotimatic, has raised $30 million Series C round from Singapore-based PE firm Credence Partners and EDBI. Existing investors NSI Ventures and Robert Bosch Venture Capital also participated in the round. The...
Online freight aggregator Cogoport has secured Series A round of funding led by venture capital firm Accel Partners. Following the investment, Accel has added one more logistics startup in its portfolio. Earlier, it has acquired stakes in two other similar...
Competition for digital payment majors such as Paytm, MobiKwik, and PhonePe are going to intensify as after WhatsApp, Facebook is currently staging beta test for its own payment product in India. Notably, the Mark Zuckerberg-led company’s payment product is...
Soon after launching its social network Hello in India, Orkut founder and CEO Orkut Buyukkokten now looking to raise funds from local investors. In a recent interview with Mint, Buyukkokten confirmed that he is seeking strategic partners in the country...
Filing a petition in the High Court, a cryptocurrency platform has appealed for quashing the Reserve Bank of India (RBI) recent guidelines that barred banks from dealing with any business entity dealing in cryptocurrencies. Kali Digital Eco-Systems, an Ahmedabad-based early-stage...
Soon after facing worldwide flaks from people of data breach controversy, Facebook has now taken its first step to curb any spread of false news on its massive userbase platform. India, which might have been influenced by Facebook Cambridge Analytica...
Assisted e-commerce startup ShopX, which partners with retailers and kirana store owners in smaller towns, has bagged Rs 12.99 crore from existing investor Nandan Nilekani--a former UIDAI chairman and Infosys co-founder. ShopX has so far raised a total of Rs...
Gurugram-based online marketplace ShopClues has controlled its losses by about 37 per cent in FY18 as compared to the previous fiscal while its revenue saw a significant jump of 45 per cent during the same period. It has posted...

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