Rishabh | Pixr8 News

19Jun By RishabhNo Comments

FUNDING

Fintech Startup Fincash Raises Funding By Industry Stalwarts

Fincash.com, a startup in the personal finance space in India has raised a round of funding from a number of industry stalwarts and HNI investors. Fincash.com focuses on the money market space in India for retail investors and seeks to get customers onboard with its solutions that it provides to potential investors. “Today, the folios in the mutual funds industry have crossed 5 Cr mark, with unique folios being much lower, hence penetration levels in India are in the 1-2% range, developed market show penetration levels of over 50%” says, CEO – Gaurav Perti, citing the potential that exists in the Indian markets. While fintech funding declined in 2016, a recent KPMG report said, the trends in 2017 are being keenly watched. India is a space where a digital transformation is under...

Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN

13Jun By RishabhNo Comments

FUNDING

Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN

Fast food chain Wow! Momo today said it has raised Rs 44 crore in series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided "a highly profitable" exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added. Commenting on the development, Wow! Momo co-founder and CEO Sagar Daryani said: "Funds raised in the current round will be used for expansion and building of back-end infrastructure for the brand." The company said it has a long-term goal of doing...

Huawei Claims To Have Overtaken Apple in Global Volumes

12Jun By RishabhNo Comments

News

Huawei Claims To Have Overtaken Apple in Global Volumes

Chinese smartphone maker Huawei has claimed to have overtaken iPhone maker Apple in global sales volume in December 2016 to become the second largest handset company globally after Samsung. (more…)

Uber Fired Asia Pacific Head For Secretly Collecting Data of Rape Victim

8Jun By RishabhNo Comments

News

Uber Fired Asia Pacific Head For Secretly Collecting Data of Rape Victim

Ride-hailing company Uber has fired a top executive who had allegedly obtained medical records of a 26-year-old woman raped by an Uber driver in India in 2014, according to a media report. Eric Alexander, the president of business in the Asia Pacific, was fired on Tuesday, just as the company announced that it had fired 20 employees over the last few months for harassment, discrimination and inappropriate behaviour. Alexander had obtained the medical records of the woman, who was raped and assaulted by Uber driver Shiv Kumar Yadav in New Delhi in December 2014, a report in the technology news website Recode said. The report quoted sources as saying Alexander had showed the medical records to "Uber CEO Travis Kalanick and Senior Vice-President Emil Michael". Further, numerous execut...

Legendary Quotes From 45 Successful Entrepreneurs

1Jun By RishabhNo Comments

BLOGS

Legendary Quotes From 45 Successful Entrepreneurs

An entrepreneur is someone who organises and manages any enterprise, especially a business, usually with considerable initiative and risk. Ever wondered how the likes of Richard Branson, Steve Jobs, Bill Gates, Mark Zuckerberg, J.K Rowling and many others became successful entrepreneurs? Believe it or not they know what it’s like to launch a new business and to start from the beginning. These successful entrepreneurs have worked their way up to the top and created a powerful name for themselves and for their business. Despite becoming successful entrepreneurs, the journey might not have always been an effortless one either but it’s what you learn on the way that counts within business. So let's hear out what these 'Super' entrepreneurs have to say to you: (more…)

Teno- An App Launch For FREE Online School Fee Payment

22May By RishabhNo Comments

Story

Teno- An App Launch For FREE Online School Fee Payment

With Digital India being the current flavor of the nation, school Principals across India have taken it upon themselves to ensure their school isn’t left behind in this wave of digitization. A testimony of their enthusiasm and acceptance is the fact that more than 3000 schools across 300 cities in India have gone digital with the help of Free to use mobile app Teno. Teno App has helped schools completely digitize their communication methods. What was earlier being communicated to parents through printed circulars and diaries is now being sent to all parents of a class with just one simple click on the school’s app which is powered by Teno. After its successful endeavor of helping schools go digital with its communication, Teno App has now launched its Free Online School Fee Payment feat...

Ola, Uber Rides Could Get Cheaper Under India’s GST Bill

20May By RishabhNo Comments

News

Ola, Uber Rides Could Get Cheaper Under India’s GST Bill

Cab rides could get marginally cheaper for customers from July 1 as the incidence of tax will come down to five per cent for bookings made on cab aggregators like Ola and Uber. Currently, a tax of six per cent is levied on rides booked through cab aggregators. "Such reduction is a welcome move for cab aggregators and consumers considering the increased demand of services of cab aggregators," Deloitte Haskins & Sells Senior Director Saloni Roy said. It shall accordingly provide a further boost to the already thriving operations of cab aggregators, she added. The introduction of services by cab aggregators has seen manifold growth due to the ease and reasonableness of prices at which the services are offered. "The GST rate on cab aggregators is proposed to be at 5 per cent...

The Indian Institute of Management Kozhikode (IIM-K) Launches Business Incubator LIVE

16May By RishabhNo Comments

News

The Indian Institute of Management Kozhikode (IIM-K) Launches Business Incubator LIVE

The Indian Institute of Management Kozhikode (IIM-K) has launched its Laboratory for Innovation, Venturing and Entrepreneurship (LIVE), a business incubator and entrepreneurship development center. A proposal for LIVE was submitted by the institute in 2016, following which the Department of Science and Technology (DST) sanctioned a grant of Rs three crores. IIM-K has made available required space and facilities on campus and is developing a series of programmes and products that would ensure long term sustainability of LIVE, which has offered admission to twelve startups in its first ever job creation programme, an IIM-K release said here today. "LIVE would gain immensely from the faculty members, students, alumni, international linkages and other institutional networks of IIM-Ko...

3May By RishabhNo Comments

FUNDING

Ola Raises Rs 670 Crore Fresh Funding From Ratan Tata Backed Venture

SoftBank-backed Ola has raised Rs 670 crore (USD 104.4 million) in fresh funding from investors including UC-RNT Fund, a venture between the University of California and Ratan Tata. While UC-RNT Fund has pumped in Rs 267.99 crore, another Rs 402 crore has been infused by FO Mauritius I Ltd, according to regulatory filing by ANI Technologies -- which runs Ola. However, the valuation of the company benchmarked against the fresh round of funding could not be ascertained. The said shares were allotted to the investors on March 31, 2017. An email sent to the company remained unanswered. The Bengaluru-based firm, which is locked in an intense battle with US-based Uber for market leadership, had raised about USD 250 million from SoftBank in November, albeit at a lower valuation of USD...

Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev

1May By RishabhNo Comments

Entrepreneurs Talk

Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev

Yoga guru Ramdev said today that Patanjali Ayurveda, promoted by him, will steal the march over multinational firms manufacturing consumer products. Comparing them to the East India Company that had entered the country with a purpose to "loot", Ramdev said that he aims to make India free from the MNCs. He said that the MNCs here were not working for the countrys development, rather their sole objective was to "loot" India. "Patanjali agle panch varshon mein in videshi kampaniyon ko moksh de degi ( Patanjali will finish the MNCs up from the Indian market in next five years)," he said. He was speaking at a function organised here to mark the birth anniversary of Yogi Bharat Bhushan. "In the next five years, Patanjali would educate the farmers about the latest techniques in far...

Amazon Will Keep Investing Billions in India: Jeff Bezos

29Apr By RishabhNo Comments

Entrepreneurs Talk

Amazon Will Keep Investing Billions in India: Jeff Bezos

Global e-commerce major Amazon will keep investing in the Indian market to strengthen technology and infrastructure as it looks to overtake local rival Flipkart. The US-based company has already committed investments to the tune of $5 billion in India. “Our India team is moving fast and delivering for customers and sellers. It’s still day 1 for e-commerce in India, and I assure you that we’ll keep investing in technology and infrastructure,” Amazon founder and CEO Jeff Bezos said in a statement. The world’s second richest man also said “Amazon.in is the most visited and the fastest-growing marketplace in India.” Amazon, which entered India in 2013, has been locked in an intense battle with Tiger Global-backed Flipkart for leadership in the Indian market. Amazon has been aggr...

India’s Leading Universities Like DU, IIT-D, AMU Among 10 Websites Hacked

26Apr By RishabhNo Comments

News

India’s Leading Universities Like DU, IIT-D, AMU Among 10 Websites Hacked

At least 10 official websites including those of premier educational institutions like Delhi University, Aligarh Muslim University, IIT Delhi and IIT BHU - were hacked today with "Pakistan Zindabad" slogans displayed on them. The hacker group, which identified itself as "Pakistan Haxors Crew (PHC)", said, "nothing deleted or stolen. Just here to deliver my message to Indians." Other websites which have been hacked are University of Kota; Army Institute of Management and Technology, Greater Noida; Defence Institute of Advanced Technology; Army Institute of Management, Kolkata, National Aerospace Laboratories and Board of Research in Nuclear Sciences (BRNS). "Greetings Government of India, and the people of India. Do you know what your so-called heroes (soldiers) are doing in Kashmi...