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Spice Digital Ties up With MoMagic For Mobile Ad Analytics

19Feb By AdityaNo Comments

BUSINESS

Spice Digital Ties up With MoMagic For Mobile Ad Analytics

Telecom solutions firm Spice Digital today said it has partnered with mobile application marketing firm MoMagic Technologies to launch mobile advertisement analytics platform AdGyde. "The potency of the app market is enormous. Undoubtedly, for higher growth rates it is necessary to address the challenges app marketers and developers face..AdGyde Solutions will monitor analytical data of the App users and provide insights to optimize growth hacking," Spice Mobility Chairman Dilip Modi said in a statement. AdGyde will help mobile app companies to understand user experience and identify quality users, the statement said. "App marketers and developers have been struggling to discern meaningful patterns from user engagement for their apps and introduce new opportunities for workflows a...

MapmyIndia Aims 5 Fold Jump in Revenue to Rs 1,000 Cr by 2023

19Feb By AdityaNo Comments

BUSINESS

MapmyIndia Aims 5 Fold Jump in Revenue to Rs 1,000 Cr by 2023

Digital map firm MapmyIndia expects a 5-fold increase in revenue to Rs 1,000 crore with the introduction of home level navigation in its maps and from expansion of business overseas over the next five years. "We started with initial capital of Rs 3 crore in 2004-05 and now we have revenue of Rs 200 crore. With launch of eLoc, that helps in navigating till doorstep, government support and overseas expansion, we expect to garner revenue of Rs 1,000 crore in the next five years," MapmyIndia Managing Director, Rakesh Verma told Pixr8. He said that now people can visit MapmyIndia and create own digital location code, eLoc of office and home on the map and use it as an alternative to their postal address. "A six character code is created automatically as digital address on the map. Thi...

UAE-India Venture Capital Fund Idein Ventures Recruits Ex-Co-founder of Zoomcar as an Advisor

14Feb By AdityaNo Comments

News

UAE-India Venture Capital Fund Idein Ventures Recruits Ex-Co-founder of Zoomcar as an Advisor

The Co-Founder of Zoomcar, David Back has Been Tapped to Advise the UAE-India Venture Capital Fund and its Portfolio Companies. Idein Ventures is a seed-stage VC fund with offices in the United Arab Emirates, Mumbai, and Hyderabad. David Back co-founded Zoomcar, the first company in India to offer 'self-drive' car rentals with no chauffeur. Zoomcar launched in Bangalore exactly 4 years ago today, on February 14, 2013. When David left India almost 3 years later, Zoom had grown from 7 cars to almost 1,500 vehicles in 6 cities. It continues to expand and now has about 2,500 vehicles in 17 Indian cities. David has worked as a consultant at McKinsey, as an investment manager at Goldman Sachs, and as a research analyst at the Kauffman Foundation. He is currently an Expert Advisor with Alph...

14Feb By AdityaNo Comments

FUNDING

Delhi-NCR Based Startup Cloud1 Enterprises Raises Funding From JLL India

Property consultant JLL India's arm has invested an undisclosed amount in the NCR-based Cloud1 Enterprises, a technology platform for bringing efficiency in employee transportation. In October last year, JLL India had launched a real estate technology investment vertical and made first investment into Foyr.com. This structured vertical makes proprietary investments into early-stage technology companies with the potential to disrupt the real estate business. JLL India today announced its investment in Cloud1 Enterprises, which it said is "an end-to-end cloud based platform that enables corporates to deploy telematics technologies to bring efficiency to employee transportation." "Estimated at USD 2 billion in India alone, the employee transportation sector is currently highly fragme...

99perhour.com Raises $300,000 From Angel Investor Mr. V. Aanand R.

8Feb By AdityaNo Comments

FUNDING

99perhour.com Raises $300,000 From Angel Investor Mr. V. Aanand R.

On-demand services 99perhour.com has raised a seed fund of $300,000 from angel investor Mr. V. Aanand R. of Virginia State (USA). The fund will be utilised to expand service categories from the present 18 to 100 across - utility, professional and personnel services. Hourly paid services is a new concept in India and the firm is happy that within a short span they have completed 20000 orders in Hyderabad alone with 98% positive feedback. With such accomplishment, 99PerHour foresees a huge potential for their model across the globe. Presently, the company 99PerHour Services (India) Pvt. Ltd. is building its vendor database in Singapore, Virginia State (U.S) and Santiago simultaneously which will help them begin their operations soon. 99PerHour delivers top-quality on-demand services...

India’s First Curated Wellness Advisory Marketplace, ZingUpLife is Disrupting the Traditional Wellness Services Consumption Model

8Feb By AdityaNo Comments

Story

India’s First Curated Wellness Advisory Marketplace, ZingUpLife is Disrupting the Traditional Wellness Services Consumption Model

Personal wellbeing has, for many decades in India, been linked with the absence of illness. Treating and preventing illness has been the focus of our organized healthcare industry and consumer behaviour has also modelled itself around this reactive framework. The few online health and fitness platforms available are also built around the directory model, where consumers discover services and access them online or offline. Now a Bangalore based young start-up is quietly changing this entire paradigm of health and wellness services consumption in the country. Focusing first on self-discovery of an individual’s wellness status using a battery of first-in-class online tools, ZingUpLife builds an incremental model of wellness consumption that emphasizes on empowering the consumer through in...

5Feb By AdityaNo Comments

FUNDING

Paytm Payment Bank Received 218 Cr Funding From Vijay Shekhar Sharma & One97 Communications

Vijay Shekhar Sharma, founder and CEO of Paytm & One97 Communications infused 218 Cr in its new venture Paytm Payments Bank. According to the report Vijay Shekhar will invest Rs 111 Crore and while One97 Communications Invest 107 Crore out of Rs 218 crore fresh capital. The payment bank will start operations this month from Uttar Pradesh. Earlier in January, Paytm received RBI nod to start the bank. Till date, Paytm Payments Bank has issued 2,18,000,000 shares to the three shareholders. In others, Airtel Payments Bank and India Post Payments Bank already launched their operations. In December Paytm CEO has sold his 1% equity of Paytm's parent firm One97 Communications for about Rs 325 crore. The amount he received will be invested in the payments bank. Sharma holds 51% stake i...

Leading Indian Dating App Woo Acquires US based DUS Dating App

3Feb By AdityaNo Comments

ACQUISITION

Leading Indian Dating App Woo Acquires US based DUS Dating App

Leading dating app Woo forges ahead in the online dating space by acquiring DUS, a Los Angeles-based dating app focused on the South Asian community. The move will further strengthen its positioning by connecting Indians all over the world. DUS was specifically designed for South Asian singles to provide them a dating opportunity within their community. Woo, which has been the pioneer in the online dating industry of India since its inception in 2014 is now gearing up for a major global push. This acquisition is a natural step in driving its vision of connecting like-minded singles around the world. Woo announced today that they have formally signed an agreement with DUS and now will acquire its platform and brand to increase their foothold in US, one of the largest markets for the o...

Delhi Based OneLoyalCard Acqui-hires Restaurant Deals Startup Pocketin

1Feb By AdityaNo Comments

ACQUISITION

Delhi Based OneLoyalCard Acqui-hires Restaurant Deals Startup Pocketin

OneLoyalCard.com, a Delhi based restaurant reservation & deals platform has acqui-hired Pocketin, a year old startup which was also operating in the same space. Pocketin’s entire team along with its founders will join OneLoyalCard at their office. This move will help strengthen OneLoyalCard’s technology and quicken its expansion plans across major markets in India. Arpit Aggarwal, Vaibhav Garg and Sahil Mendiratta, all Chartered Accountants and 2nd-Generation entrepreneurs, started OneLoyalCard in July 2015 with a vision to enhance diners’ experience and to provide a comprehensive marketing solution to the restaurants. Currently, OneLoyalCard provides 2,000+ deals at over 500+ restaurants in Delhi, Gurgaon, Noida & Faridabad. Customers can use OneLoyalCard’s website or app to...

27Jan By AdityaNo Comments

CHINA

Alibaba’s Jack Ma Warns of ‘Big Trade War’ Between China, US

E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly. He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned. "In the coming three to five years... the economic situation will be even more arduous than everyone had expected," the e-commerce billionaire said at an annual meeting of the General Association of Zhejiang Entrepreneurs. Referring to the slowdown of the Chinese economy to 6.7 percent last year, the slowest in over two decades, he said it was "only natural" that China's rapid growth over the past three decades could not continue, and that the focus should be shifted to the quality of growth such a...

Cisco to Acquire Software Firm Founded By Former IIT Delhi Student For 25000 Crore

26Jan By AdityaNo Comments

ACQUISITION

Cisco to Acquire Software Firm Founded By Former IIT Delhi Student For 25000 Crore

San Francisco-based software company founded by an IIT alumnus will be acquired by American technology giant Cisco for USD 3.7 billion. Jyoti Bansal founded application intelligence software company AppDynamics in 2008 with a vision to "help modern enterprises embark on their journey of digital transformation with a disruptive approach to managing their software applications." Cisco said it will acquire AppDynamics for approximately USD 3.7 billion in cash and assumed equity awards. It said AppDynamics's cloud application and business monitoring platform enabled the world's largest companies to improve application and business performance. "Applications have become the lifeblood of a company's success. Keeping those apps running and performing well has never been more important," sai...

25Jan By AdityaNo Comments

ACQUISITION

BookMyShow Acquires Hyderabad Based MastiTickets

BookMyShow has acquired Hyderabad-based online ticketing platform, MastiTickets, for an undisclosed sum, a move aimed at consolidating its presence in Andhra Pradesh and Telangana. The acquisition will include transfer of MastiTickets' key assets along with existing cinema partnerships to BookMyShow, BookMyShow CEO and co-founder Ashish Hemrajani told Pixr8. He, however, declined to comment on the deal size. Founded in 2014 by Ravi Narla, MastiTickets has a strong presence in Andhra Pradesh and Telangana and currently works with over 120 cinemas. "The acquisition will help us further consolidate our position and strengthen our footprint. We work with 530 cinemas in these two States and have added 175 of these in the last 12 months alone," he said. MastiTickets has a very small...