Taking a stride towards cutting edge technology, the Uttar Pradesh government is planning to use blockchain technology for ensuring data security of land and revenue records. The govt has directed officials to build blockchain infra within next six months. It...
Wonder if you return an item via a delivery person of any e-commerce platform and at the end, you find the item never received by the company and your money spent on the item still stuck for payment return. Believe...
To curb fake or artificial transactions in order to get cashbacks, NPCI has taken a serious action and decided to halt this practice on its payments platform UPI. From August 1, payments transfer within same account or UPI ID (where...
As UPI 2.0 is knocking the door, many functionalities such as collect payment requests, invoice/bill attachment, signed intent/quick response code, overdraft account, and Aadhaar-based payments have been expected to get introduced. The much-awaited feature which was slated to launch this...
This week 16 startups received funding, of which 10 received a total sum of about $228.5 million. Among them, BookMyShow raised the highest investment of $100 million, followed by Cars24 which raised about $50 million. Meanwhile, funding for six of...
After receiving series of complaints of sub-standard food being supplied by restaurants and eateries listed on food delivery startups including Swiggy and Zomato, the Food Safety and Standards Authority of India (FSSAI) has asked them to remove non-licence holders...
Demanding more details about its payment services (WhatsApp Pay), the government of India has put Whatsapp payment service nationwide launch on hold. India govt holds WhatsApp payment service nationwide launch, demands more details The Ministry of Electronics and Information Technology or...
Piggybank, a subscription-based loyalty program launched by Zomato seems to be a hit product of the Alibaba-backed company. Within 2 days (or 48 hours), the premium membership program has received 200,000 sign-ups. This is a jaw-dropping figure for the membership...
During this monsoon season, it’s raining moolah for early and former employees of Ola. Singapore-based Temasek Holdings Pvt Ltd has bought secondary shares of worth $30 million from the employees of the cab-hailing company. In the secondary transaction, Temasek bought the...
Digital credit platform PaySense has raised $18 million in its series B round of funding led by PayU. The Mumbai-based fintech startup also saw participation from other existing investors Jungle Ventures and Nexus Venture Partners. PayU alone has invested around $11.5...
Foodcourt-focused food ordering startup SmartQ has acquired Goodbox’s cafeteria business for an undisclosed amount. However, the deal is estimated to be around $800K (all cash). With the acquisition, SmartQ aims to increase its customer base, while Goodbox wants to focus...
In its effort to prevent misuse of the platform ahead of general election in India in 2019, Whatsapp is planning to bring a fake news verification model, Verificado, in India. The model was recently used in Mexico Presidential election, where...
Weeks after the Telecom Regulatory Authority of India (Trai) issued a consultation paper seeking suggestion how to use blockchain technology to protect mobile users from pesky calls, it has now asked operators to implement the technology. With the use...
Online furniture seller Wooden Street has raised $1 million in its Series A funding round from Rajasthan Venture Capital Funds (RVCF). The funding was supervised by Growth India Fund. The Jaipur-based startup will use the fresh fundings to expand in...
While Srikrishna Committee yet to submit its report on data privacy and protection, another incident of a massive data breach has come to light. This time students have become preys. Around 2.4 lakh students phone numbers, email IDs and addresses,...
Early this week, online movie and ticketing platform BookMyShow raised $100 million from middle market and growth equity investment fund TPG Growth. In February this year, a private equity firm Warburg Pincus participated in a $20 million investment round in...
Amidst technical glitches, Global e-commerce giant Amazon has concluded its one of biggest festival sale Amazon Prime Day on Tuesday. India, however, remained unaffected by the worldwide snag and witnessed a decent response from the subscription-led sale. During the 36...
It is going to be all-out war in video streaming. The offline retail giant Walmart is planning to launch a video streaming platform, giving a direct competition to Amazon Prime and Netflix. Walmart, which already provides a video-on-demand platform Vudu...
Department of Telecommunications (DoT) Secretary Aruna Sundararajan said that it will take up TRAI recommendations on data ownership, privacy and security only relevant to the telecom sector. “Trai has given recommendations panning the whole digital ecosystem. Those that are relevant...
India is a battleground for global smartphone manufacturers. And to optimise operational efficiency and speed up decision-making capabilities, top-tier OEMs such as Samsung and Xiaomi have been setting up large manufacturing capabilities. While Samsung had recently opened the world...
India 4G market penetration is less than half of Asia. The network also performs worse on average than developing countries in the region overall, with slower upload and download speeds and higher latency, according to the global telecom industry...
Launched in 2009, a flagship eBiz portal launched by the then UPA government seems to have gone obsolete in the present day and is being wound up. The portal was launched to offer a one-stop facility for businesses to obtain...
In the past few years, India has witnessed several cases of mob lynching and all the cases have observed one common pattern -- false information was spread via Whatsapp and the platform was used to incite violence. To fight the...
Online movie and ticketing platform BookMyShow has raised $100 million from middle market and growth equity investment fund TPG Growth. Existing investors Stripes Group, SAIF Partners, and Accel Partners also participated in Series D round. The fresh round for the...
Subscription-based online media publication, The Ken has raised $1.5 million Series A round led by Omidyar Network. This is the first institutional round for the Bengaluru-based publication. Founded in July 2016, The Ken provides one original narrative story every...
Used car buying platform Cars24 has raised a $50 million fresh round from Sequoia Capital and its early backers including Cayman Islands-based Kingsway FCI Fund and Toronto-headquartered KCK Global Limited. Importantly, Sequoia also has CarDekho in its portfolio. The venture...
SMEs-focused online lending platform OfBusiness has raised Rs 200 crore in a series C funding round from Creation Investments and Falcon Edge. The Gurugram-based startup also saw participation from existing investors Matrix Partners India and Zodius Capital. Besides, it has...
The telecom regulator body, TRAI, recommendations on data privacy have come under heavy criticism from industry bodies such as IAMAI and ICA over its jurisdiction and timing. The recommendations were illegal and similar to jumping gun ahead of the release...
Launched as Yahoo Pager 20 years ago, the famous messaging service-Yahoo Messenger is breathing its last day today (July 17, 2018). Yahoo Messenger will no longer be supported after July 17, 2018. Until then, you can continue to use the...
The Chinese ride-hailing platform Didi Chuxing received a shot in the arm after receiving a funding of $500 million from U.S. travel firm Booking Holdings Inc. The Chinese ride-hailing app has received the investment at a time when it is...
In the past few months, blockchain based currency has come under a strict scanner in India. The government is ruthlessly cracking on businesses related to cryptocurrencies. In April, the Reserve Bank of India (RBI) put a final nail in...
Fight for gaining more market share in online food ordering seems to be escalating as Zomato has narrowed down the gap with Tencent backed rival Swiggy. The Gurugram-based company has claimed 13 million order run rate in July, a...
World's largest professional network platform, LinkedIn has witnessed a remarkable growth in India. With 50 million userbase, India is only behind US (150 million usersbase) while China stands at third position with 40 million. India stats are still far behind...
US e-tailer major Amazon is in early talks to invest in India's second largest pharmacy chain Medplus. Amazon, which considers India to be one of its key markets, is to foray into pharmacy space. The discussions between Medplus and Amazon...
As all e-commerce companies in India heading for their festival sales, global e-commerce major Amazon has topped up its Indian payment arm with Rs 230 crore. The US-based e-commerce marketplace continues to invest in payments arm for having a...
Online payment solution PhonePe has acquired a Tiger Global-backed Zopper Retail, a customer-focused point of sale (PoS) system for retailers and small and medium businesses. The acquisition by Flipkart-owned payment platform is targeted to strengthen its merchant ecosystem. Zopper offers...
Cab-hailing platforms Ola and Uber are once again facing flak from users for higher pricing. The regular cab riders in Bengaluru are complaining to pay higher prices to the cab companies what they used to pay earlier. The riders claim that...
Edtech startup Unacademy has raised $21 million Series C round led by Sequoia Capital, Nexus Ventures, SAIF Partners. The round was also participated by its early backer Blume Ventures. Unacademy co-founder and CEO Gaurav Munjal has confirmed the funding...
Investors are once again attempting to establish a synergy between Indian and US startup ecosystem. This time, it is not related to just funding but incubation and aimed at facilitating the cross-border growth of startups. Blume Ventures has taken a...
SoftBank-backed Grofers has shut down vegetable and fruits segment across cities including Delhi (NCR) and Bengaluru. The service has been suspended in the above cities from past couple of weeks. Grofers has confirmed the pull out of fresh produce...
As the speculations of Google's foray into e-commerce surfaced last month, the company's investments plan in Flipkart now seems to be fading fast. At the time of the rumours of Google's solo entry into e-commerce, it was expected that the...
To connect and serve crores of farmers, fertiliser major IFFCO and Singapore-based tech firm iMandi have come together to launch an e-commerce app IFFCO iMandi. The objective of the platform is to bring the benefits of digital technologies to every...
The growing cases of proxy driving have made local ride-hailing behemoth Ola put a system in place to deal with the menace. Taking it on a serious note, local ride-hailing company Ola has introduced a safety feature for passengers where drivers have to authenticate...
Oyo seems to have been prioritising global expansion and sticking to its plans and future projections. After setting up operations in Dubai and China, the SoftBank-backed company has begun operation in London. Entrackr has recently come across and verified...
Data leaks have become a common phenomenon globally as well as in India. After Reliance Jio and Zomato, data buckets used by Swiggy (via the third party), a Mysore-based health startup, Gromor Finance and spiritual entity Avadhoota Datta Peetham were...
This week 17 startups received funding, of which 14 received a total sum of about $33 million. Among them, IndiaLends and Headout raised the highest investment of $10 million each, followed by Shop101 which raised about $5 million. Meanwhile, funding...
Raising question over the government plan to track social media accounts of citizens, the supreme court said the social media monitoring plan would make India into a 'surveillance state'. "We will become a surveillance state,” Justice DY Chandrachud said in...
After a plenty of fund launch for late-stage startups, there has been a sudden rise of funds dedicated to early-stage startups this year. The latest in the league is SRI Capital. The seed-stage investor has closed the first of its...
While the whole world is talking about Amazon CEO Jeff Bezos who becomes world's richest person with over $143 billion net worth, Reliance Industries supremo Mukesh Ambani has attained a new milestone of becoming Asia's richest person. The richest Indian...
Cab aggregators Ola and Uber have pulled out a huge order of around 2.7 lakh vehicles from Tata Motors. The long tiff between Ratan Tata, the chairman emeritus of Tata Group and former chairman Cyrus Mistry has allegedly led...

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