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Naspers Invests $250 Million In ibibo For Extended Leadership

25Feb By AdityaNo Comments

FUNDING

Naspers Invests $250 Million In ibibo For Extended Leadership

Indian online travel venture Ibibo Group today announced that Naspers will invest USD 250m in the group, which will focus extending ibibo's leadership position in the Indian hotels category and on additional technology innovations. Ibibo processed more than 6.5m transactions for the period October to December (Q3) 2015. It is the largest online travel company in India, generating more than 2.5x the transaction volumes of its nearest competitor. The group owns integrated online travel properties such as Goibibo.com (India's No 1 hotels booking engine and also a leading air ticketing aggregator), and redBus.in (No 1 online bus ticketing platform). In a recent research report by Morgan Stanley, Goibibo was rated number one by hoteliers across a number of parameters, including booking...

Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

24Feb By AdityaNo Comments

News

Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

Mobile app for transportation, Ola has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh in order to generate entrepreneurship opportunities along with skill development for 50,000 men and women across the next five years. Ola will also work with the state government to introduce innovative and customised mobility solutions like Ola Auto, Ola Share and Ola Shuttle across the state in the coming months. By bringing more transportation solutions onto its app using technology, Ola is looking to serve citizens across Uttar Pradesh, giving them instant access to reliable and convenient mobility. "The state of Uttar Pradesh is growing as an economic centre for the country faster than ever before. The compounded annual growth rate of UP in the last three years ha...

Apple Should Unlock San Bernardino iPhone: Bill Gates

23Feb By AdityaNo Comments

Entrepreneurs Talk

Apple Should Unlock San Bernardino iPhone: Bill Gates

A day after some victims of theSan Bernardino shooting said that they would file a legal brief in support of the U.S. Government's attempt to force Apple Inc. to unlock the encrypted iPhone owned by one of the shooters, technology giant Microsoft came out in support of the victims and asked Apple Inc. to unlock the iPhone. The Financial Times quoted Bill Gates as saying that he was in disagreement with Apple CEO Tim Cook that the FBI's request would create an iPhone backdoor. "This is a specific case where the government is asking for access to information. They are not asking for some general thing, they are asking for a particular case," Bill Gates said. "It is no different than the question of should anybody ever have been able to tell the phone company to get information, should...

Pranav Mistry, Global VP Samsung Launched Gear 360 Camera

22Feb By AdityaNo Comments

Tech

Pranav Mistry, Global VP Samsung Launched Gear 360 Camera

BARCELONA– Pranav Mistry, VP, Samsung Electronics Co. Ltd today Launched the Samsung Gear 360, a 360-degree camera that lets consumers easily create, view and share their favorite experiences through video and still image content. Gear 360 is designed for travel, festive gatherings and every activity in between to provide an all-encompassing visual experience. The new camera leverages the best of the Samsung Galaxy experience so users can become the creator of their own virtual reality content to enjoy through Gear VR. Here you can watch the #samsung #unpacked2016 live. Less than 5 hours to go. https://t.co/dG7HGf04pJ — Pranav Mistry (@pranavmistry) February 21, 2016 “Samsung continues to push the boundaries of the mobile experience to extend beyond the smartphone,” said DJ Koh...

With 10,000 Orders Per day, TaskBob Raised $4 million From Ivy Cap Ventures

22Feb By AdityaNo Comments

FUNDING

With 10,000 Orders Per day, TaskBob Raised $4 million From Ivy Cap Ventures

February 22, 2016: TaskBob, a Mumbai-based Home services provider startup has raised Rs28 crore ($4 million) from Ivy Cap Ventures and existing investors Orios and Mayfield, according to a report in The Economic Times. Taskbob will use this fund to expand into other cities and boost growth. This is the first investment in the home services space by IvyCap Ventures’. “What we have done in Mumbai is to understand the backend and creating a playbook. The idea is to replicate this playbook across top four-five cities in one and a half years and reach 10,000 orders per day,” said Aseem Khare, CEO of Taskbob. “In Mumbai we want to be profitable at the unit level in the next one and a half years,” he added. Taskbob, which provides pre-screened service persons across a range of home se...

Google CEO Sundar Pichai Heading to Brussels For Antitrust Talks: Source

21Feb By AdityaNo Comments

News

Google CEO Sundar Pichai Heading to Brussels For Antitrust Talks: Source

AFP, SAN FRANCISCO: Google chief executive Sundar Pichai will meet next week in Brussels with the European Union's competition commissioner, Margrethe Vestager, a source familiar with the matter said Saturday. European competition officials have been investigating the US tech giant for years over alleged monopolistic practices involving its search engines, but any resolution has been elusive. Three successive proposals by Google for an amicable settlement have been rejected. Vestager last year sent a "statement of objections," saying Google had diverted traffic from rival price-comparison services like Kelkoo, which operates in several European countries, to favor its own comparison shopping service. Google responded in late August that Brussels's findings were "wrong," and bas...

Alibaba Acquired 33 Million Shares of Groupon Inc.

19Feb By AdityaNo Comments

ACQUISITION

Alibaba Acquired 33 Million Shares of Groupon Inc.

In a filing with the U.S. Securities and Exchange Commission last Friday, Alibaba Group Holding Ltd. revealed that it had acquired 32.972 million shares of class A common stock (about 5.6% of shares outstanding) in Groupon Inc. . After the news published, Groupon’s stock was up more than 20%, touched $20 per share. One week ago, the shares hit an all-time low of $2.15. Alibaba likely filed with the SEC because its stake rose above 5% of Groupon’s outstanding shares. There is no information on how much Alibaba paid for the shares. Groupon had $917.2 million in revenue in the fourth quarter of 2015. That compares to consensus estimates that called for a breakeven in earnings on revenue of $841 million. In the same period last year, it posted $750.36 million in revenue. The coupon...

Did Ratan Tata Said That Tata Group Will Not Hire Anyone From JNU?

17Feb By AdityaNo Comments

News

Did Ratan Tata Said That Tata Group Will Not Hire Anyone From JNU?

New Delhi: From last one week an ongoing posts circulated over social media regarding the hiring statement of Ratan Tata over Jawaharlal Nehru University controversy. In a tweet and post attributed to Ratan Tata emerged wherein the Chairman Emeritus of Tata Group said that the group will not hire any student from Jawaharlal Nehru University. Reports further said that Ratan Tata told a Make In India session in Mumbai that Tata Group will not hire any student from JNU. However, the official twitter account of tata group denied any such comments attributed to the Chairman Emeritus. "Mr Tata has not issued any such statement," Tata Group said in its official Twitter handle late in the evening today. Mr Tata has not issued any such statement. https://t.co/tIVi6Vgukh— Tata Grou...

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16Feb By AdityaNo Comments

FUNDING

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, today announced an investment in BetterPlace Safety Solutions, a Bangalore-based digital background verification solution provider aiming to create “A Better Place For A Billion+ Indian Citizens By SAFE Powering Them”. Founded in 2015 by Uday Singh, currently the Group CEO of SIS Group and Pravin Agarwala, former Global head of Cloud ERP Development at SAP, BetterPlace has created India’s first web service that addresses the ‘trust deficit’ in any form of alliance or interaction between individuals and entities. From verifying the credentials of a potential tenant, to hiring a maid, to fulfilling the workforce hiring requirements of large organizations, B...

World is Shrinking, We are Just 3.5 Degrees Apart: Facebook

7Feb By AdityaNo Comments

News

World is Shrinking, We are Just 3.5 Degrees Apart: Facebook

NEW YORK: You must have heard about the famous "six degrees of separation" theory that everyone on the planet is connected to everyone else by six other people. Facebook has just upended this theory, saying that world is more closely connected than you might think. After studying 1.59 billion people active on the social networking website, the team determined that the number is actually 3.57 -- meaning thereby that there is actually "three-and-a-half degrees of separation" where each person in the world is connected to every other person by an average of three-and-a-half other people. Facebook CEO Mark Zuckerberg is 3.17 degrees of separation from all Facebook users. According to researchers, our collective "degrees of separation" have shrunk over the past five years. In 2011, ...

ISRO Developed 1st Satellite-based Warning System For Unmanned Railway Crossings

6Feb By AdityaNo Comments

INDIA

ISRO Developed 1st Satellite-based Warning System For Unmanned Railway Crossings

The first trial run for developing a satellite-based system to warn train drivers on unmanned railway crossings was conducted by ISRO scientists in Ahmedabad recently. Scientists at the city-based Space Applications Centre (SAC) are now in the process of commercially developing this system that will be fitted on 50 different trains across the country as a second part of the demonstration project. Of around 30,000 level crossings of the Railways, as many as 11,000 are unmanned. “An estimated 7,000 people die every year at these unmanned crossings in the country. We have successfully conducted the first test-drive in Ahmedabad for developing a satellite-controlled warning system for the Indian Railways that will alert the train driver well in advance about an approaching unmanned le...

WhatsApp Scam – A New Digital Scam in The Social Media

6Feb By AdityaNo Comments

News

WhatsApp Scam – A New Digital Scam in The Social Media

The Independent Reports that WhatsApp has reportedly been the target of a new scam which deceives users into disclosing personal information. In the scam, the links appear to come from your friend but instead lead you to a discount page which then asks for your personal details. Unassuming users are then led to a fake website which infects your phone with malware, allowing the scammer to obtain sensitive information. WhatsApp's popularity has exploded in recent years. It now has nearly one billion users worldwide and has become a key target for scammers. Speaking to This Is Money, David Emm, principal security researcher at Kaspersky Lab, an internet security and anti-virus software company, says the scam operates in a range of languages. "We have noted that this WhatsApp sc...