Aditya | Pixr8 News

19May By AdityaNo Comments

News

Wipro Launches Nine Solutions to Accelerate Adoption of Blockchain across Industry Sectors

East Brunswick, New Jersey, United States & Bangalore, Karnataka, India- Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that it has developed nine blockchain-based solutions for the Banking Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods industries. Defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab, these solutions demonstrate what block chain can accomplish for global enterprises. The industry solutions span across areas such as Delivery v/s Payments (DvP), Tri-party collateral management, Skip Trace Consortia, Trade finance, P2P insurance for the sharing economy and Loyalty Rewards Management in the BFSI sector. Wipro has developed solution...

12May By AdityaNo Comments

FUNDING

LegalRaasta Raises INR 32 Crore Series A Funding From Impanix Capital

The Delhi-based startup, LegalRaasta, which provides finance and taxation services to SMEs, raises approximately $5 million in Series A funding from Impanix Capital. LegalRaasta intends to use these funds in building GST compliance software for SMEs, CAs and enterprises. They will offer both - a standalone GST Software and an API interface, to connect ERP (such as SAP, Oracle and Tally) with GST systems. LegalRaasta has already applied as a GSP (GST Suvidha Provider) with the government. LegalRaasta intends to serve its existing SME clients and over 80 lakh+ potential SMEs to be covered under the GST regime. Through its GST software solution, LegalRaasta intends to simplify GST filing through features such as reconciliation, excel upload, app-based GST filing, etc. LegalRaasta alread...

11May By AdityaNo Comments

Tech

Microsoft Designs New Windows 10 Update

With its Windows 10 being used by a a record 500 million devices globally, IT giant Microsoft today announced an update of the operating system designed to set the stage for the next "wave of creativity." Announced during the ongoing annual developers conference Build 2017, Microsoft said the Windows 10 Fall Creators Update would be available later this year. "A new design system for the next wave of creativity across devices; experiences that move with you across Windows, iOS, and Android; Spotify, SAP Digital Boardroom are coming to the Windows Store; new tools that make Windows home for all developers; and the worlds first Windows Mixed Reality motion controllers no markers required," said Terry Myerson, executive vice president Windows and Devices Group. Unveiling a new creati...

11May By AdityaNo Comments

ACQUISITION

Bengaluru Based Happiest Minds Acquisition of Cupola Technology

Happiest Minds Technologies, a next-generation digital transformation, infrastructure, security and product engineering services company, announced the acquisition of Cupola Technology - a specialized IoT services company with innovative solutions across the IoT lifecycle. This strategic acquisition is in-line with Happiest Minds' vision to expand upon its already thriving IoT business by bringing in complimentary frameworks, ready-to-use solutions and marquee customers. "We have found that organizations are rapidly moving from proof of concept to enterprise-wide IoT rollouts. This has brought about the need for a dedicated IoT operations center with a solution-centric approach. The acquisition of Cupola will add to our IoT center of excellence with a like-minded team that is focused to...

FinTech Startup EarlySalary Raises USD 4 Million From IDG Ventures India & Others

10May By AdityaNo Comments

FUNDING

FinTech Startup EarlySalary Raises USD 4 Million From IDG Ventures India & Others

EarlySalary India’s first FinTech startup to offer Salary Advances and Instant Cash Loans has announced its Series A funding of $4 Million from IDG Ventures India (IDGVI) and Dewan Housing Finance Corp Ltd (DHFL). The company focuses on helping young working professionals get Instant Loans and Salary Advances in minutes and is fast becoming the first line of credit to young working Indians. More than 80% of its customer base is in their first career roles and most of them are new to credit and are first time borrowers. Over the past year, EarlySalary developed its Underwriting System which is a self-learning Algo Based Decisioning System. The System in real time reviews Social Media and Credit Bureau data of customers and helps approve the loan for them. Targeted at young working pro...

Now Infosys Will Lay Off Around 100+ Employees

10May By AdityaNo Comments

News

Now Infosys Will Lay Off Around 100+ Employees

Infosys could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review amid a challenging business environment. The development comes at a time when its peers Wipro and Cognizant are taking similar measures to control costs. Interestingly, Infosys has said it will hire 10,000 Americans in the next two years and open four centres in the US as it seeks to counter moves by the US to tighten visa norms. "Our performance management process provides for a bi- annual assessment of performance... A continued low feedback on performance could lead to certain performance actions, including separation of an individual and this is done only after feedback," Infosys spokesperson said in an emailed statement. The spokesperson did not di...

Cyber Security Startup Sequretek Raises $2 Million

9May By AdityaNo Comments

FUNDING

Cyber Security Startup Sequretek Raises $2 Million

Cyber security start-up Sequretek today said it has raised funding from GVFL and Unicorn India Ventures. While the company did not disclose the size of the funding, sources said Sequretek has raised under USD 2 million in fresh funding in the series A. The Mumbai-based company plans to use the funds for further building on intelligence within their current product offerings and foray into new markets within India and outside, Sequretek said in a statement. Launched in 2013 by Anand Naik, Sequretek offers a suite of products and services to enterprises for securing information. Its clients include HDFC Bank, IDBI Federal, HDFC Limited and NCDEX as well as companies in sectors like retail, pharma and IT-ITeS. The founders had pumped in about Rs 4.5 crore in 2013 and raised USD...

Indians Make 50 Million Per Minute Whatsapp Video Calls Daily

8May By AdityaNo Comments

News

Indians Make 50 Million Per Minute Whatsapp Video Calls Daily

Indians make 50 million minutes of video calls daily via WhatsApp, the highest compared to users in any other part of the globe. WhatsApp, a popular messaging app that competes with the likes of Hike, Googles Allo and Viber in India, started offering video calling feature in November last year. The video calling feature also pitched WhatsApp against popular video calling apps like Microsoft Skype, Apples FaceTime and Google Duo. Since then, it has seen a steady growth in usage. One of the driving factors has been falling data prices and free promotional data by new comer, Reliance Jio. As per data shared by WhatsApp, India is the top country for video calling minutes with over 50 million video calling minutes per day. Globally, users make over 55 million video calls per day,...

6May By AdityaNo Comments

INDIA

India’s First ‘Pod Hotel’ Launched in Mumbai, Cost 2000 INR Per Night

New-age travellers visiting Mumbai and its suburbs can now enjoy a stay in a unique place - Urbanpod. And no, it is not pricey! The 'Pod hotel' offers rooms at affordable rates. This is India's first Pod hotel and its facility has come up in suburban Andheri consisting of 140 units. The initial investment was done by three promoters, and for expansion, the company is open for investments from venture funds, a top official said. "With an investment of Rs 5-15 crore per hotel depending on the locality, we are looking at an average of Rs 10-20 crore investment over the next three years," Urbanpod Co-founder and Director Hiren Gandhi told Pixr8. With an average price of Rs 2,000 per night, the individual pods are built in between 50 square feet and 90 sq ft space with self-contained a...

MakeMyTrip to Raise $330 million From Ctrip and Naspers

3May By AdityaNo Comments

FUNDING

MakeMyTrip to Raise $330 million From Ctrip and Naspers

Online travel firm MakeMyTrip today said it will raise $330 million (over Rs 2,115 crore) through share sale to investors as well as to Ctrip and Naspers’ arm MIH Internet, to fund expansion. The company has entered into share purchase agreements with undisclosed investors for placement of its ordinary shares, which is expected to generate gross proceeds of $165 million. The company will issue 4,583,334 ordinary shares in aggregate to investors at $36 per scrip. Moreover, it has also signed share purchase agreements with Nasdaq-listed Ctrip.com International Ltd and MIH Internet SEA Pte Ltd, a subsidiary of Naspers Ltd for issuance of the company’s ordinary shares and Class B convertible ordinary shares respectively. Under the agreement, MakeMyTrip will issue 9,16,666 ordinary ...

3May By AdityaNo Comments

FUNDING

Zippserv Raises Rs 2.5 Crore as Seed Funding

Real estate risk assessment firm Zippserv today said it has raised Rs 2.5 crore as seed funding for expansion. The Bengaluru-based firm announced that it has closed seed fund round of Rs 2.5 crore from undisclosed sources. It will utilise funds for expansion beginning with Mumbai and Pune in the coming months, a company statement said. Zippserv helps home buyers in verifying the veracity of ownership papers, validating legal wrangles, encroachment related issues, adherence to bye-laws and quality of construction. "Zippserv today provides a one stop shop to alleviate any concern related to property purchase be it both old and new," the statement said. ZippServ co-founder Debashish Hota said the funding will help it to scale operations rapidly to other cities as well as add se...

Dubai “Worlds First City” Gets Its Own Typographic Font

2May By AdityaNo Comments

MIDDLE EAST

Dubai “Worlds First City” Gets Its Own Typographic Font

Dubai has teamed up with Microsoft to become the worlds first city to have a font named after the gleaming metropolis. Crown Prince of Dubai and Chairman of the Executive Council of Dubai Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum yesterday launched the Dubai Font in line with the UAEs vision to become a regional and global leader in innovation. The font, the first typeface developed by Microsoft for a city, comes in both Arabic and Latin script and will be available in 23 languages to 100 million Office 365 users around the world. "The launch of the Dubai Font to the world is a very important step for us as part of our continuous efforts to be ranked first in the digital world," Shaikh Hamdan was quoted as saying by media reports. He also directed government departments ...