Edtech startup Eduvanz that provides loans for skill development to students, has raised $500,000 in a round of funding led by venture capital fund Blinc Advisors. The company will utilize the funds for strengthening its AI based lending technology for...
E-pharmacy startup PharmEasy has raised around $30 million in its Series-C round led by Bessemer Venture Partners with participation from Orios Venture Partners, JM Financial, Manipal Education, and Medical Group (MEMG) and Trifecta Capital. The development comes on the heels...
With probable pullout from Southeast Asia region, Uber's bets on various continents and geographies have gone haywire. After bowing to Didi Chuxing in China, the global poster child of app-based cab-hailing surrendered to Yandex in Russia. The Dara Khosrowshahi-led company...
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...
It seems government has completely distracted from a long-running flip-flop on framing regulations concerning electric vehicles(EV). The government has scrapped plans to present any such guidelines for now. This announcement has come as a sigh of relief for automakers who bat...
Corporate social responsibility (CSR) lifecycle management platform that connects companies with non-profit organisations (NPOs), Goodera has raised Rs 79 crore in its Series B round of financing. The funding round led by SAIF Partners also saw participation from existing investors...
Sounding alarm on the phenomenon of cryptocurrencies, the Indian government once again asked consumers to be alert before investing in virtual currency like Bitcoin and compared it with notorious Ponzi schemes. "The Virtual Currencies (VC) don’t have any intrinsic value...
It seems the point of financial data security raised against Facebook-owned WhatsApp is going to be true. On one side Mark Zuckerberg-led firm has been facing a tough time for an alleged data leak controversy with Cambridge Analytica, now...
Seattle-headquartered e-commerce marketplace Amazon has outrun its rival Flipkart in terms of total investments in India, according to an ET report. Since fiscal 2015, Amazon has invested Rs 14,940 crore into Amazon Seller Services, as compared to Flipkart’s Rs 8,349...
The National Stock Exchange (NSE) is in advance talks with Securities and Exchange Board of India (SEBI) to remove some of the startup listing norms for making the ecosystem more attractive. NSE managing director and chief executive Vikram Limaye, however, did not...
Bengaluru-headquartered peer-to-peer car and bike sharing platform Drivezy has raised $10 million in a mixed round of equity and debt. The equity investment totaling $5 million has been made by Amercian and Japanese investors, including Axan Partners, Das Capital, and...
Airtel Payments Bank has become the first payments bank in India to integrate the UPI(Unified Payment Interface) on its digital platform after National Payments Corporation of India (NPCI) onboard them on its platform on Sunday. The company, which is aiming at...
Chinese mobile manufacturer Transsion Holdings brand Itel phone has claimed the growth of 217 per cent in India for the year 2017. The company has emerged as the second largest player in the overall mobile phone market in India...
To enable its offline retailer partners to set up online stores, Paytm Mall is going to invest Rs 32 crore, which will further help them to enhance their retail potential. Amid all hypes of discount rage set by major ecommerce...
Bengaluru-based GlowRoad, a women-centric C2C (customer-to-customer) reseller network, has raised $2 million in its Series-A funding round from Accel Partners. Claimed to be India’s largest reseller network operating in the C2C business domain, the startup will use the proceeds to...
Delhi-based Leverage Edu, an online platform for higher education, has raised an undisclosed amount of financing from a clutch of investors including Indifi Technologies co-founder Alok Mittal, Innov8 founder Ritesh Malik, ET 40Under40 Deepak Jain and California State University...
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, which on Tuesday gave approval to Unregulated Deposit Schemes Bill, 2018 have tightened regulations around cryptocurrencies like Bitcoin, Litecoin, and others. The statement released by the Finance...
San-Francisco based Uber has suffered a loss of $1.46 billion in the third quarter, according to the Bloomberg report. The company witnessed a rise of 11% in gross bookings, which reached $9.71 billion in the period that ended in September....
During the time when wallet companies are grappling under strict RBI’s (Reserve Bank of India) regulations, Amazon infused Rs 195 crore more into its payments arm Amazon Pay, according to RoC filings. The latest investment came from Singapore-based Amazon Corporate...
Homegrown e-commerce major Flipkart’s wholesale arm - Flipkart’s India has witnessed 16 per cent slowdown in sales growth during 2016-17 fiscal as compared to previous FY. The wholesale arm posted a revenue of Rs 15,264 crore ($2.37 billion) in...
What seems to be a new trend emerging out for Chinese startups, the ecosystem has been witnessing a decrease in the number of new startups, which saw down of 74% in comparison to last year. However, the funding amount and...
Food delivery major Swiggy's door may hear another knock on the door for a potential investment soon after raising a $100 million Series F round from Naspers and Meituan-Dianping. This time New York-based global technology hedge fund Coatue Management, along...
Indian electric two-wheeler manufacturer Okinawa Autotech plans to introduce an electric bike in a couple of months as part of its plans to scale up operations in the country. Okinawa Autotech launched its second electric scooter Praise priced at Rs 59,889....
All early investors in cab aggregator TaxiForSure (TFS), which was acquired by ride-hailing firm Ola three years ago, are looking to sell their shares at $150-200 million. TFS investors are eyeing an exit from Ola as they need to show...
Amidst the time, when iPhone has been witnessing a slump in growth in India, Apple India head Sanjay Kaul announced its retirement from the company, according to an ET report. "Sanjay has moved on, he will no longer be heading...
Ride-hailing company Ola will turn profitable by 2018-19 and make a profit of over $1 billion by 2021, according to Jain Ambavat & Associates -- an independent agency the company employed to value it. The news was first published by...
Sundar Pichai, got a stock reward of almost $200 (approximate Rs 1291 cr) compensation package last year
Tata Motors has won the first government contract for supplying 10,000 electric variants of the Tigor, its sedan car. outbidding Mahindra & Mahindra (M&M) in the contest for the Rs1,120 crore order. Interestingly, the home-grown auto major does not have...
Odisha Chief Minister Naveen Patnaik has today launched the Startup India Odisha yatra to create awareness about startup and encourage the entrepreneurs and youths to set up their ventures in the state. The Startup India-Odisha Yatra announced just before the...
In what appears to be a likely outcome just within a week of Uber decision to merge with Grab, the SoftBank-backed companies Uber and homegrown cab-hailing major Ola are reportedly calling a truce in India through a merger. Media...
Bengaluru-based gaming startup Hypernova Interactive has raised an undisclosed amount of funding from Kae Capital. Hypernova Interactive, is one of the leading game development companies in India and has a global footprint in games design and development. Shubhankar Bhattacharya, venture partner...
Amazon India owned -- Amazon Transportation Services (ATS) has received Rs 207 crore from Amazon Corporate Holding Singapore and Amazon Malaysia
Fake discounting pushed by online companies often confuse consumers about the real price of a commodity. However, this practice is now a thing of the past as e-commerce companies have to mandatory display MRP and expiry date of packaged...
Mobile advertising and discovery platform InMobi has acquired Los Angeles-based startup AerServ, an inventory and audience monetisation technology platform for mobile publishers, for $90 million in a cash and stock deal. This is the biggest acquisition by the Softbank-backed...
Chennai-based Freshworks Technologies has announced the launch of a consumer messaging platform Freshchat to help businesses capture more leads and drive sales. Freshchat will enable businesses to target visitors with contextual messages to increase engagement and thereby conversions. Once the...
Going one step ahead, Chinese e-commerce giant Alibaba Group Holding has got approval from the CCI (Competition Commission of India) to acquire a stake in Bengaluru-based e-grocer BigBasket. Alibaba and BigBasket are in talks to square a deal of over...
The proposed merger of two ride-hailing firms Ola and Uber may not go smoothly as the Competition Commission of India (CCI), could play a party pooper for the SoftBank funded companies. The statutory body must be looking into the recent...
Cab-hailing segment in India has been witnessing fierce battle between home-grown major Ola and global behemoth Uber from past three and half years. Both companies claim lead over other in terms of market share. However, Uber exit from China...
To entice more customers towards its platform, ride-hailing company Ola will bring its bicycle sharing service with first 30-minute free offer for its early customers. It will charge Rs 5 for every half an hour thereafter. Ride-hailing firm has already run...
Online travel company Yatra has acquired corporate travel service Air Travel Bureau (ATB) for an undisclosed amount. The deal will help ATB enhance its offerings for customers by leveraging Yatra’s technology platform and large hotel network. Commenting on latest development, Dhruv...
Akash Ambani, son of Reliance Industries Chairman Mukesh Ambani, launched the new Apple devices - iPhone 8 and 8 Plus today in the telco’s headquarters in Navi Mumbai. Following the announcement, the Reliance stock rose 0.85 per cent to hit...
Bengaluru-based solar energy systems company Orb Energy has raised $15 million in a part-equity and part-debt round. The funding round saw participation from the Dutch development bank FMO, US-based Overseas Private Investment Corporation (OPIC), African finance institution Pamiga and...
Most of the enterprises dealing with their customers need an efficient and accurate model of communication to resolve their issues or problems. Many get through while dealing with simple queries, it is complex queries that they get stuck on....
Axis Bank, India's third largest private bank, has acquired Snapdeal-owned payment platform, Freecharge for about $60 million. The Axis Bank Board of Directors has given green signal for the acquisition and it’s now subject to regulatory approvals from the...
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...
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...
Payment major Paytm has launched ‘Paytm for Business’, a standalone app for merchants to track payments instantly, navigate through the past collections and track settlements made to their preferred bank accounts. Businesses can also generate QR code to accept...
The ride-hailing company Uber has suffered a major setback as the transport authority of London announced to halt Uber’s operation after September 30, according to Independent report. According to Transport for London, it was not renewing Uber’s licence to operate. The...
Mumbai based, beauty product discovery platform VanityCask has raised seed funds from Singapore-based angel and venture capital firm RB Investments. The amount raised is undisclosed.
Google is all set to make an entry into crowded payment space with its own payment product Google ‘Tez’ on September 18. According to a report by The Ken, it is likely to be as similar as company’s global...

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