Friday, March 29

Author: Ankita

Delhi Based Brick2wall Raises Rs 1.3 Crore Angel Funding
FUNDING

Delhi Based Brick2wall Raises Rs 1.3 Crore Angel Funding

Delhi-based Brick2wall Technologies, which owns and operates Brick2wall.com, an online marketplace for sourcing construction materials as well as construction related services, has raised $200,000 in an angel round from multiple investors. These funds will be deployed for technology upgradation, increasing customer reach, and developing new business lines in Delhi NCR. Brick2wall, incorporated in July 2016 by brothers Nishant Garg and Shashank Garg, claims to be India’s largest marketplace that provides “live prices” of over 40,000 SKUs ranging from core building materials (cement, steel, bricks) to finishing items (electrical, wall finish, sanitary), which it fulfills through its over 500 vendors in Delhi-NCR. The investors who participated in the round include Sundeep Sahni, Founde...
Swiggy Scam: Is India’s Best Startup Award Winner, a Wolf in Sheep’s Clothing?
ANALYSIS, News

Swiggy Scam: Is India’s Best Startup Award Winner, a Wolf in Sheep’s Clothing?

Swiggy, a pan-India food delivery app, whose claim to fame was by creating opportunities for local restaurants and the underprivileged, have recently come under the spotlight for allegations of fraud and trickery. In an anonymous post, on Tumblr, current and former employees exposed the company’s skeletons, leaving people feeling furious and cheated. The criticism itself was contemptuous and clearly displayed the abhorrence of the writers. The post contained proof in the form of photographs that revealed the contrast between company-held figures and the presentations sent to investors. Such corruption could be expected from a big multinational company but not from an innocent, idealistic startup. Here are the crimes, Swiggy was accused for committing in the Tumblr post, "Swiggy, a House of...
Capillary Technologies Hires Former Dell Executive Ganesh Lakshminarayanan As COO
News

Capillary Technologies Hires Former Dell Executive Ganesh Lakshminarayanan As COO

Bangalore-based SaaS provider Capillary Technologies Pvt. Ltd has recently appointed former Dell executive Ganesh Lakshminarayanan as its chief operating officer. In a press note, the company said he will be responsible for scaling up the company’s operations and driving it towards profitability, besides enhancing the brand value. Lakshminarayan, who took over his new assignment in May, according to his Linkedin profile, is also part of Capillary’s board. In April this year, the company had roped in former Yum! Brands executive Sunil Suresh as its global vice-president of strategy. An MBA in finance from the University of Michigan, Lakshminarayan has over 25 years of experience across IT solution sales and delivery, e-commerce, e-support, IT and ITES, outsourcing, big data, decisi...
Digital Health Platform 1mg Raises $15 Mn Series C Funding
FUNDING

Digital Health Platform 1mg Raises $15 Mn Series C Funding

E-pharmacy startup 1mg Technologies has raised $15 million funding in Series C from a clutch of investors, led by global healthcare focused fund HBM Healthcare Investments. This round of investment also saw participation from existing investors- Sequoia Capital, Maverick Capital Ventures, Omidyar Network and Kae Capital. The funds raised will be used by 1mg to launch predictive healthcare and corporate wellness products. “1mg was HBM’s first investment in a digital health platform in India and we are very encouraged about the prospects of the company, given the tremendous progress across all dimensions over the past year,” said Andreas Wicki, chief executive officer of Switzerland-based HBM Healthcare. HBM had first invested in 1mg in May 2016 as a part of a top-up round following ...
Goldman Sachs Puts $25 Mn In Budget Hotel Aggregator FabHotels
FUNDING

Goldman Sachs Puts $25 Mn In Budget Hotel Aggregator FabHotels

Budget Hotels Chain FabHotels has recently raised an amount of $25 Mn in a Series B funding round led by Goldman Sachs, an American multinational finance company, that backed the likes of Uber and Spotify. Started in 2014 by Vaibhav Aggarwal and Adarsh Manpuria, FabHotels is a branded budget hotel aggregator wherein it partners with smaller hotels for providing  standardized services to budget travelers. (more…)
Startups Can Help Find Solutions To Indian Problems, Says Missile Woman Of India
INDIA

Startups Can Help Find Solutions To Indian Problems, Says Missile Woman Of India

Eminent scientist Tessy Thomas called upon the youth to take up initiatives like start-ups to help the government fight challenges in sectors like health, environment and education. Thomas - known as the Missile Woman of India - was speaking at the Convocation 2017 of the Birla Institute of Technology and Science yesterday.  The quality of Indian graduates coming out from such institutes would also have significant impact on the global economy as many of the students join the MNCs and global corporates. It is worth reminding ourselves of this goal as India today is faced with challenges in the domains of health, sanitation, housing, environment and education and cannot be resolved by the government alone. "To overcome these, it is important that graduating students such as you take th...
UberMOTO Finally Arrives In Noida And Ghaziabad For Last Mile Connectivity
News

UberMOTO Finally Arrives In Noida And Ghaziabad For Last Mile Connectivity

Cab aggregator Uber's UberMOTO service finally arrives in Noida and Ghaziabad much after the launch in Gurgaon and Faridabad; on Friday. The service will provide last mile connectivity around the national capital region, with uberMoto already up and running in Gurgaon and Faridabad. UberMOTO will be a quick, easy and affordable option to get around the cities in no time. Uber is thankful to the government for supporting this vision towards solving for mobility needs and creating economic opportunities. "With the launch in Noida and Ghaziabad, we aim to give riders an opportunity to travel smartly across NCR without worrying about issues like traffic, congestion and last mile connectivity," Prabhjeet Singh, General Manager, Delhi NCR & North India, Uber, said. After this launch, Ub...
LinkedIn Launches Its Lite App Specially For India
News

LinkedIn Launches Its Lite App Specially For India

LinkedIn has also unveiled a Lite Version of its App finally long after Facebook and Twitter, as the professional networking platform attempts to bring in more users on board. The new LinkedIn Lite Android app is designed to reduce data usage by 80% and is less than 1 MB in size. In September last year, LinkedIn had launched a lightweight version of its mobile website. "LinkedIn Lite app is first being rolled out to members in India... LinkedIn plans to roll out the mobile web version and the Android app in over 60 countries shortly," LinkedIn said in a statement. Keeping in mind the Indian users, where the smartphones often come across problems like less space or network issues, this app will surely help LinkedIn find more space in smartphones. Also, with a significant chunk of the ...
Coursera Partners With AXA to Bring World-Class Learning Into The Workplace
News

Coursera Partners With AXA to Bring World-Class Learning Into The Workplace

Coursera, a leader in online education and learning,has recently entered into a global partnership with AXA, the worldwide leader in insurance. AXA will adopt Coursera’s enterprise platform, Coursera for Business—which enables employers to draw on high-quality online learning content created by 150 top universities—to address their rapidly-evolving workforce development needs. As part of the strategic upskilling effort, Coursera will work with AXA to curate relevant content and integrate Coursera courses into existing learning paths with a goal to further equip the global workforce with the knowledge and in demand skills required to succeed in tomorrow's workplace and economy. “We’re honored to partner with a forward-thinking organization like AXA as they innovate on their Learning ...
India Becomes The Largest Audience Country For Facebook: Report
ANALYSIS

India Becomes The Largest Audience Country For Facebook: Report

Facebook users in India have crossed 240 million mark, becoming the largest audience country for the social media giant, according to a media report. As of July 13, Facebook is reporting a total "potential audience" of 241 million active users in India, compared to 240 million in the US. The change at the top of the platforms country rankings comes just a few days after Facebook announced it has more than two billion monthly users around the world. Facebook has achieved impressive growth in both the countries since the start of 2017, but these new figures suggest that active users in India are growing more than twice as fast as they are in the US, The Next Web reported. Active users in India are up 27 per cent in the past six months alone (+50 million), compared to growth of 12...