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Indian Minister Nirmala Sitharaman Will Visit The Co-working Place in Delhi Today

16Apr By AdityaNo Comments

News

Indian Minister Nirmala Sitharaman Will Visit The Co-working Place in Delhi Today

To take stock of Start-up India action plan, Commerce and Industry Minister Nirmala Sitharaman today have an open chat with budding entrepreneurs at a centre that provides basic facilities to new-age ventures. "Rather than budding entrepreneurs coming to the ministry to raise their grievances and share feedback on the action plan, the minister has decided to visit the co-working office of young entrepreneurs and have an open chat with them about their expectations and experience," an official said. The exercise is aimed at giving a thrust to budding entrepreneurs, he said. As many as 50 start-up companies and over 70 budding entrepreneurs are expected to participate in the interaction with the Minister. Prominent ones include Velmenni Lifi, Fitternity, Glance, DeliveryTrack, ...

Odd-Even: These Startups Offering Free Rides

15Apr By AdityaNo Comments

News

Odd-Even: These Startups Offering Free Rides

With the second phase of odd-even scheme set to be rolled out from tomorrow, ride-sharing startups are lining up with free rides and scaling up operations to handle higher demand from consumers. The odd-even scheme was implemented on an experimental basis from January 1 to January 15 in view of high air pollution in the national capital. The second phase will commence on April 15. Bike taxi operator Rapido said, it will offer free rides to people travelling to and from some of the metro stations like HauzKhaz and Malviya Nagar during April 15-30. Bengaluru-based startup 360Ride, which offers a ride-sharing platform for personal vehicle owners, said it will incentivise people using its platform with commuters earning up to Rs 1,200 by sharing their ride on four-wheelers and Rs 600 on t...

Karbonn Mobiles Launched First Virtual Reality Based Smartphones

12Apr By AdityaNo Comments

Tech

Karbonn Mobiles Launched First Virtual Reality Based Smartphones

Karbonn Mobiles, India's low cost smartphone brand launched it's first virtual reality (VR) enabled smartphones with free VR headsets. This the first VR set from the company which looks to be getting back in the competition with the new launches in India. The two VR headsets are Karbonn Quattro L52 and Karbonn Titanium Mach 6, priced at Rs 8,790 and Rs 7,490, bundled with VR headsets free of cost. "VR is the next big growth area in consumer technology. As per a recent report, the global Virtual Reality market is expected to touch an estimated USD 120 billion by 2020," Karbonn Mobiles Executive Director Shashin Devsare said. "Karbonn's VR glasses are an effort to bring VR technology at disruptive price-points in the under Rs 10,000 bracket. We are optimistic about the consumer ...

Is Bike Taxi Services ‘Safe’ for Women in India?

10Apr By AdityaNo Comments

News

Is Bike Taxi Services ‘Safe’ for Women in India?

Operators of bike-taxis, which have over the past few months been emerging as viable, convenient and low-cost solutions for travel in the city, are now looking to attract more women riders to use the service. "We have around 400 mandatory steps that the driver needs to pass. We take a ride test and a third party does all the verification plus there are vehicle instructions and mandatory training," says Aarvind Sanka, co-founder of Rapido, an app based service . Sanka says 10 per cent of their daily customers are women and the organisation is working on bringing on board more women drivers. However for some people like Rahul Kumar, a resident of Gurgaon, are skeptical of the safety of bike-taxis. "It may be cheap but I still wouldn't prefer it for a long distance tra...

Cost of New Mobile Connection Could be Zero Using Aadhaar eKYC

10Apr By AdityaNo Comments

News

Cost of New Mobile Connection Could be Zero Using Aadhaar eKYC

Trai Chairman R S Sharma Friday said cost of activation of a new mobile connection can virtually come down to zero if electronic KYC of Aadhaar is implemented as authentication will be done digitally. He said transaction costs are reduced substantially when Aadhaar is used as an authentication tool. "If you are taking a mobile connection, currently the cost of activation of a mobile customer is Rs 150 because you have to fill a customer acquisition form (CAF), you have to give paper documents... if you use digital identity authentication, you can fill the customer form, digitally sign it and get your electronic KYC. So, essentially the cost is equal to zero," Sharma said at the annual growth Net summit in New Delhi. Sharma has made recommendations to the Department of Tele...

Amit Singhal “Father of Google Ranking Algorithm” Joining GOQii Board of Directors

8Apr By AdityaNo Comments

News

Amit Singhal “Father of Google Ranking Algorithm” Joining GOQii Board of Directors

New Delhi (April 8, 2016) - GOQii, a digital health and wellness solution integrating personal coaching with wearable analytics, today announced it has named former Google executive Amit Singhal to its Board of Directors, his first role since leaving his position as Head of Google search. Amit brings more than 20 years of invaluable consumer and business expertise to GOQii and will help guide its expansion into new global markets, the first of which will be the U.S. Amit is widely respected in the tech industry for the ground-breaking advancements he made during his time at Google and other companies. “It’s an exciting time to be at GOQii and we are thrilled to have Amit join our board of directors,” said GOQii CEO Vishal Gondal. “Amit’s expertise is unparalleled and will be in...

PC Jeweller Looking to Raise Up to Rs 427 Cr

7Apr By AdityaNo Comments

FUNDING

PC Jeweller Looking to Raise Up to Rs 427 Cr

PC Jeweller Ltd will raise up to Rs 427 crore from DVI Fund Mauritius through debentures for expansion of its business. "The board of Directors of the company at its meeting held on April 6 has approved the issue of compulsorily convertible debentures for an aggregate amount of up to Rs 427 crore by way of a preferential allotment on private placement basis to DVI Fund Mauritius Ltd subject to necessary approvals in this regard," PC Jeweller said in a regulatory filing today. The company currently has three factories and 60 retail stores across the country. Garg said the company is adding 15-20 stores every fiscal and is exploring to set up new manufacturing facilities. "The US-based DVI Mauritius is our existing investor and has around 4 per cent stake in the company." Garg sa...

DTDC Express Invested $1 million in Logistics Firm Shipsy

6Apr By AdityaNo Comments

FUNDING

DTDC Express Invested $1 million in Logistics Firm Shipsy

Logistics major DTDC Express has picked up 20 per cent stake in Gurgaon-based Llama Logisol, which operates logistics solutions provider Shipsy, for over USD 1 million (Rs 6.65 crore). Shipsy was founded in June last year by IIT graduates, Soham Chokshi, Dhruv Agrawal, Maharshi Devraj and Himanshu Gupta. Abhishek Chakraborty, Executive Director of DTDC Express, said the investment in Shipsy would go a long way in helping it adopt disruptive technologies. "DTDCs investment in Shipsy would go a long way in helping itself adopt disruptive technologies in its future growth segments of eCommerce and e-fulfilment," Chakraborty added. In September last year, Shipsy had received angel funding from Dheeraj Jain, the managing partner of Redcliffe Capital. After Jain came on board, Ship...

Godrej acquires US-based Strength of Nature (SON)

4Apr By AdityaNo Comments

ACQUISITION

Godrej acquires US-based Strength of Nature (SON)

Godrej Consumer Products Ltd (GCPL), the fast moving consumer goods arm of the $4 billion-Godrej Group, has acquired US based company Strength of Nature. Nature a US-based company that makes hair care products targeted at women of African descent. The acquisition amount has not been disclosed. Adi Godrej, chairman of the Godrej Group, said on Saturday that with this acquisition, GCPL would be the leading company that makes hair care products for women of African descent. According to GCPL’s presentation, the global market for hair care targeted at women of African descent is valued at $4.5 billion - $2.3 billion in Africa, $1.6 billion in the US and the remaining in other regions of the world. Over the last few years GCPL has followed a growth strategy, which it calls three-by-...

2Apr By AdityaNo Comments

INDIA

Indian Govt. Launched Startup India Portal

The Startup India portal http://startupindia.gov.in, and mobile app have been launched by Secretary, DIPP, Mr. Ramesh Abhishek in New Delhi today. The “Startup India” initiative was launched by the Prime Minister of India, Shri Narendra Modi on January 16, 2016 at Vigyan Bhavan, New Delhi. As part of the event, a Startup India Action Plan was released. The Action Plan highlights initiatives envisaged by the Government to develop a conducive Startup ecosystem in the country. As an integral component of the Action Plan, a Startup India portal and mobile app were envisaged to be implemented. The portal and app have accordingly been released today. The key features of the portal and app are the following: Information Availability: The portal and mobile app provide up-to- d...

Sundar Pichai Received $100.5 million (Rs. 667 crores) Pay Package in 2015

30Mar By AdityaNo Comments

News

Sundar Pichai Received $100.5 million (Rs. 667 crores) Pay Package in 2015

According to the report in Bloomberg, Google CEO Sundar Pichai received a $100.5 million (roughly Rs. 667 crores) pay package in 2015. The salary mentioned in filing from parent company Alphabet on Tuesday. Pichai received $99.8 million in restricted stock that will vest in full by 2017. He also received a $652,500 salary. The stock award hasn't previously been disclosed in filings. The former co-founder of Google Larry Page awarded restricted shares valued at $199 million (roughly Rs. 1,321 crores), the largest grant ever given to a Google executive officer whose pay has to be reported in filings. Executive Chairman Eric Schmidt received $8.04 million (roughly Rs. 53 crores) for 2015, including a $1.25 million salary and $6 million (roughly Rs. 39 crores) cash bonus. Chief Finan...

Square Yards Doubles Revenue With Strong Real Estate Supply Chain

30Mar By AdityaNo Comments

News

Square Yards Doubles Revenue With Strong Real Estate Supply Chain

ANI- At a time when most online real estate players have been struggling, Square Yards has announced its doubled revenue run rate, which is likely to cross Rs. 200 crore in gross revenues from Rs. 100 crore in a span of six months. In the last six months, Square Yards achieved operational break even, launched a broker aggregation platform, significantly enhanced its tech and marketing capabilities and scaled its International presence to countries. The team size has also swelled to 1000+ employees. Square Yards now estimate around 600 to 700 transactions a month with a value of Rs. 350+ crore each month. This puts Square Yards on pedestal with top developers in India on the ability to move such sizeable real estate volumes. "Square Yards has been very successful in striking structur...