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8Nov By AnkitaNo Comments

FUNDING

Mumbai Based Car Rental Startup Justride Raises 20 Crore Funding From Y Combinator

Mumbai Based Car rental startup JustRide raises 20 Crore (about $3 million) funding from global investors, including Y-Combinator partners. Justride will use funding for expanding the company's car-sharing platform JustConnect and developing Yabber, an IoT device that works on connected car technology and data analytics to analyze the driving skills of the customers. "A vast majority in India do not have access to personal transport, presenting an extensive market for car rentals. The challenge is to build a sustainable car-sharing model to cater to the average urban commuters, while keeping in mind the interests of the car owners, who have a depreciating asset that is their car and does not get any return on it," said Ashwarya Singh, chief executive officer and co-founder, JustRide. ...

6Nov By AnkitaNo Comments

FUNDING

Gurgaon based On Demand Laundry Startup Pickmylaundry Raises Funding

Pickmylaundry, a Gurgaon-based on demand laundry startup has raised $200k in a new funding round from Kedar Lele (a top level executive of a leading FMCG major) and existing investor GHV Accelerator. The startup has raised about $200K and had commitment of another $300K from a couple of angels. The new round of funding will use the newly raised funding in expanding its operations to entire NCR and explore opportunities in other cities. Pickmylaundry will also set up offline stores to reduce the last mile logistics cost, which is at currently around Rs 100 per order. “We will also roll out 24 hours delivery service and overnight service,” said Gaurav Agarwal, Founder, Pickmylaundry. Founded by Gaurav Agarwal, along with Ankur Jain and Samar Sisodia in May 2015, Pickmylaundry had previ...

Now You Can Book Tatkal Ticket Using Mobikwik Wallet

3Nov By AnkitaNo Comments

News

Now You Can Book Tatkal Ticket Using Mobikwik Wallet

Mobile payments network MobiKwik has partnered Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings. "MobiKwik collaborated with Indian Railways to digitise payments on the IRCTC app and IRCTC FoodOnTrack app this year, and now we are powering payments for tatkal online that will help users book tickets almost instantly," MobiKwik Co-founder Upasana Taku said in a statement today. MobiKwik said instantaneous e-cash payments will help tatkal online in managing the load of over a thousand ticket bookings per minute. The service will also help users in ensuring that their bookings do not get rejected due to payment delays. On an average, over 15 percent daily ticket bookings for Indian Railways happen under tatkal, it said. The paym...

Alibaba Sales Soars, Revenue Beats Expectations With Strong E-commerce Growth

3Nov By AnkitaNo Comments

CHINA

Alibaba Sales Soars, Revenue Beats Expectations With Strong E-commerce Growth

Chinese e-commerce giant Alibaba's sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said today. The year-on-year growth in group sales, to 34.29 billion yuan (USD 5.14 billion), was not matched by net profit, which slide down 66 percent to 7.62 billion yuan (USD 1.14 billion). The drop was mostly due to an unfavourable comparison, as last year the firm booked an exceptional gain linked to the re-evaluation of its participation in one unit. "Alibaba Group had a great quarter," chief executive Daniel Zhang said in a statement on the firm's second quarter, which ended in September. "Our results reflect our increasing ability to monetise our 450 million mobile users through new and innovative social commerce ...

India’s Leading Advertiser Firm Inmobi Announced Partnership With US Based Analytical Startup Moat

29Oct By AnkitaNo Comments

BUSINESS

India’s Leading Advertiser Firm Inmobi Announced Partnership With US Based Analytical Startup Moat

InMobi, the world's largest independent mobile advertising and discovery platform, today announced a partnership with Moat to offer brand advertisers mobile video measurement and currency through both InMobi Exchange and the InMobi network. The partnership will enable advertisers to measure, among other metrics, "human and viewable" and "human, viewable, and audible" (sound, sight and motion) viewability and attention metrics across all mobile ad formats including mobile video and native advertising, as well as transact on these metrics using Moat Currency. According to Strategy Analytics, worldwide revenue from mobile video will reach $25 billion by 2021. As advertisers shift their digital ad dollars to video, ad viewability is an increasing priority for advertisers. This partnership w...

Hike Messenger Launched Video Calling Feature

26Oct By AnkitaNo Comments

News

Hike Messenger Launched Video Calling Feature

India’s home grown messaging platform, Hike Messenger, has launched video calling feature on its app. Video calling, the beta of which was rolled out in September this year to a select set of less than a hundred thousand, will now begin to roll out to the entire userbase starting with Android users this week. Live Caller Preview is another interesting aspect of video calling on Hike. This allows the user to see a live video preview of the caller before answering the call. Hike video calling is available immediately on Android. If users updated their Hike Messenger in September this year, video calling would have automatically been enabled for them and will now be accessible. The iOS version will be launch soon. On this occasion, Kavin Bharti Mittal, Founder and CEO, Hike Messenger...

iAugmentor Labs Invests in Gurgaon Based Volunteer4India

26Oct By AnkitaNo Comments

FUNDING

iAugmentor Labs Invests in Gurgaon Based Volunteer4India

Gurgaon, 26th Oct,2016: iAugmentor Labs, a technology-enabled learning platform, has invested in Volunteer4India, an online aggregator for brand sponsored Social causes, NGOs and student/ youth/ employee volunteers. Volunteer4India (V4I) harnesses the energy of new millennial volunteers through a technology (Web/Mobile App) enabled volunteering platform. It connects them to Corporates wishing to execute their cause marketing mandates, Colleges who wish to encourage their students to apply their academic knowledge on real-world challenges, and NGOs requiring operational and execution support for their projects & Government initiatives. Ranjoy Dey, CEO of Volunteer4India commented, "We see iAugmentor's strategic investment into Volunteer4India as a validation of the importance of e...

Bengaluru Based BHIVE Workspace Launches Its Largest Co-Working Space in Bengaluru

26Oct By AnkitaNo Comments

News

Bengaluru Based BHIVE Workspace Launches Its Largest Co-Working Space in Bengaluru

India’s leading shared office provider BHIVE Workspace has launched its largest co-working office in the heart of the Bengaluru city. The new office will be located at Prestige Towers, Residency Road and will have a capacity of over 600 members. With this, the company will strengthen its position as the largest co-working space provider in the city. “We are committed to extending the ‘BHIVE Experience’ to all entrepreneurs and professionals at the most convenient and premium locations. Our new co-working space at Residency Road is a huge step in this direction,” said Shesh Paplikar, co-founder and CEO of BHIVE Workspace. “We are focused on delivering the best co-working environment and our new office will set new benchmarks for office design and overall working experience,” he added. ...

24Oct By AnkitaNo Comments

FUNDING

Food Delivery Startup Box8 Raises Rs 50 Cr Funding From IIFL, Mayfield

Food delivery start-up Box8 today said it has raised Rs 50 crore in funding from IIFL Seed Ventures Fund & Mayfield. Box8 is a full stack online food delivery player that specializes in preparing and delivering Indian food. Its diverse menu consists of over 100 dishes in all-in-1 Indian meals, biryanis, wraps, sandwiches and salads. Started by two IIT graduates, Amit Raj and Anshul Gupta, Box8 now serves 12,000 meals a day to its consumers through a network of 60 stores across three cities -- Mumbai, Pune and Bengaluru. The funds helps strengthening the supply chain eco system, building superior technology, enhancing product development and expanding to new geographies, Amit Raj said. "Our strategy of establishing ourselves in certain key markets, instead of spreading wide and ...

Ashok Leyland Launched First Zero Emission Made in India Electric Bus

17Oct By AnkitaNo Comments

Automobile

Ashok Leyland Launched First Zero Emission Made in India Electric Bus

Ashok Leyland, India's major commercial vehicle launched ‘Circuit’ Series – first Made in India Electric Bus on monday. The 100 per cent electric bus is a zero-emission, non-polluting vehicle, created specifically for Indian roads and passenger conditions and most important Made in India. This new Circuit range of vehicles will be offered on multiple platforms and exclusively engineered on India-specific platforms that can tackle varied topography, gradients, and usage conditions. Integrated with a fire detection and suppression system (FDSS), this truly Indian innovation can travel 120 kilometers on a single charge. “The Circuit series of buses is another testament to Ashok Leyland’s commitment to leverage India’s technological innovation to deliver relevant and best-in-class soluti...

Future Group Launches India’s 1st BOPO, Book Online Pay Offline

14Oct By AnkitaNo Comments

News

Future Group Launches India’s 1st BOPO, Book Online Pay Offline

Future Group, one of India's leading retail conglomerates, has launched India's first BOPO, Book online pay offline. It's a limited 2-day scheme and Ezone, the group's electronics chain, will start BOPO from 18th October. The intent is to make BOPO a trademark property which will be a paradigm shift in the way people make their purchases. BOPO, designed to ensure a comfortable shopping process for customers, allows shoppers to reserve electronics online for a token money of Rs. 1,000. If the shopper changes his mind or doesn't like the product that he chose online, he can get back hisRs 1,000 in the form of a gift voucher, which he can use to buy another product at the store. Ezone is taking this step to address the big gap in a need wherein a customer has the ease and convenience of bl...

10Oct By AnkitaNo Comments

FUNDING

Machine-learning Platform for Healthcare DocSynk Closes $1 Million Seed Funding

DocSynk's new machine-learning platform uses data science to put people in control of their healthcare, driving productivity and reducing costs for employers, insurers, and doctors. Finding doctors, scheduling appointments, keeping on top of insurance, and complying with wellness and treatment plans are challenges we all have to face. It's a lot to keep track of. DocSynk is working to make it all much easier with a smarter, simpler app that uses the latest in machine learning and data science to deal with the complexity. Today, the company announced that it closed a $1 million seed funding round led by Hyderabad-based Naya Ventures. "DocSynk's mission of bringing transformation in patient engagement is sorely needed in US healthcare. Organizations of every size are looking for DocSyn...