Thursday, March 28

Author: Aditya

Netflix launches in India, plans start at 500 rupees
News

Netflix launches in India, plans start at 500 rupees

Netflix Inc launched operations in India on Wednesday, with plans starting at 500 rupees ($7.50) per month, as the U.S.-based video streaming company pushes ahead with its global expansion plans. The company's shares were up 5.5 percent at $113.60 in early afternoon trading. The move confirmed months of speculation on the launch of the service in the second-most populous country in the world. The company will also offer two other plans priced at 650 rupees and 800 rupees, it announced on its website. (nflx.it/1IyMY2e) Netflix is aggressively moving into new markets and aims to reach 200 countries by the end of 2016, as slowing domestic growth puts pressure on the company. Users can access Netflix through an app on a smart TV, a videogame console, a streaming player, a sm...
Tracxn a Data Analytics Based Startup Secures Funding From Ratan Tata
FUNDING

Tracxn a Data Analytics Based Startup Secures Funding From Ratan Tata

Tracxn a data analytics based startup has secured funding from Ratan Tata. The amount has not been disclosed. Started in May 2013, by Goyal and Neha Singh, Tracxn has increased its customer base and team. As per the recent report, Tacxn connected 9295 startups to the investors. Tracxn provides information on start-ups to over 6,000 clients across India, the US, the Middle East, South-East Asia and Europe, and claims to sign up at least one new client every day. “We belong to a generation whose formative years were spent observing Mr Tata’s way of building companies. So, when we saw he was investing in start-ups, we reached out to him,” said Goyal. “There are about 1 lakh funded companies. But there is a universe of about 1 million companies who are unfunded. We organize...
Travis Kalanick (Uber, Founder) Will Attend Modi’s Startup India Event
INDIA, News

Travis Kalanick (Uber, Founder) Will Attend Modi’s Startup India Event

New Delhi: Investment firm SoftBank’s founder Masayoshi Son, taxi-hailing service Uber’s founder Travis Kalanick and collaborative workspace provider WeWork’s founder Adam Neumann will attend the government’s Start-up India event next week, where Prime Minister Narendra Modi will unveil an action plan to assist early-stage companies. The event will be attended by around 40 innovators, venture capitalists and angel investors from Silicon Valley along with 1,500 founders of start-ups from across the country. On 27 December, in his Mann Ki Baat radio programme, Modi said the government was going to announce details of the Start-up India event, to be held on 16 January. Considering the importance of the event to the promotion of start-up culture in the country, it will be ...
ACQUISITION

O2O Strategy: Paytm acquired Shifu App In An $8-million (Rs 53-crore) Deal

Shifu an app to predict consumer preferences and behaviour has been acquired by Paytm. The Application was started 2 Years ago by a team of three: Prashant Singh the Product Development guy, Michael Massey the magician with Server and Analytics, and Deepansh Jain who heads Client Side Development. // The best time to plant a tree was twenty years ago. The second best time is today Posted by Prashant Singh on Saturday, January 2, 2016     ALSO READ: Meet Shifu – App for digital assistant   For Paytm, the acquisition is in line with its plan to invest about $150 million in emerging companies to build a complete digital ecosystem. "Ventures in O2O (offline-to-online) and last-mile delivery, and platforms that can solve consumer problems a...
India may have 50 crore Internet subscribers next year: Prasad
INDIA

India may have 50 crore Internet subscribers next year: Prasad

New Delhi, (PTI) - Telecom Minister of India Mr. Ravi Shankar Prasad today said Internet subscribers may reach the 50 crore mark in the country next year. "India currently has 40 crore Internet subscribers. Earlier, I have said about the target to reach 50 crore users in two years but now it looks that the 50 crore mark is likely to be achieved next year," Prasad said during a discussion on "Integration of SC/ST entrepreneurs: Digital and Skill India" here. Speaking about the Digital India programme, he said the government will connect 2.5 lakh gram panchayats with optic fibre in coming years. He also spoke on the concept of digital village, where one block in every state will be selected to ensure that technology can be used to deliver education and healthcare services. Under digi...
Snapdeal to invest in logistics to speed up delivery
News

Snapdeal to invest in logistics to speed up delivery

Reuters: Online marketplace Snapdeal, backed by Japan's SoftBank Group Corp and others, will spend more on logistics and technology to better compete with Flipkart and Amazon's Indian unit, its co-founder said on Monday. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and e-commerce firms are struggling to cope with the growing demand and make faster deliveries in different parts of the country. The e-commerce market in India is expected to grow to $220 billion in the value of goods sold by 2025, up from an expected $11 billion this year, Bank of America Merrill Lynch said in a recent report. Flush with $500 million from a funding round in August, led by China's Alibaba, SoftBank and Foxconn, Snapdeal is now looking to expand its serv...
India’s Biggest Superstar Salman Khan Launched His Own Online Portal
Story

India’s Biggest Superstar Salman Khan Launched His Own Online Portal

As a treat for his fans across the world on his 50th birthday, superstar Salman Khan today unveiled an online shopping portal named "Khan Market". Though it is yet to open for use, the market has begun registrations. Salman announced the market launch on his social networking pages. a gift for my fans . https://t.co/VppaFKHIBH register now for a special treat . and lots more to come . — Salman Khan (@BeingSalmanKhan) December 26, 2015   "Hello, namaste, sat sri akal, kem chho, wanakam, and as salaam aleikum. Welcome to KHAN MARKET ONLINE. This market is one of a kind. Just like you. And that's why this is JUST FOR YOU," reads the home page of the portal. Once the user clicks on 'Get Started' option, the site takes him/her to a 'Fans Only' section where one can join b...
China says tech firms have nothing to fear from anti-terror law
CHINA

China says tech firms have nothing to fear from anti-terror law

Beijing/Reuters- Technology companies have nothing to fear from China's new anti-terror law which aims to prevent and probe terror activities and does not affect their copyright, China's Foreign Ministry said on Wednesday, rebuffing U.S. criticism as unwarranted. The draft anti-terrorism law has caused concern in Western capitals as it could require technology firms to install "back doors" in products or to hand over sensitive information such as encryption keys to the government. The law is currently having another reading at the latest session of the standing committee for China's largely rubber-stamp parliament, the National People's Congress, which ends on Sunday. This week, the U.S. State Department said it had expressed "serious concerns" to China about the law which would d...
India is temporarily banning Facebook’s plan to provide free internet to the developing world
News

India is temporarily banning Facebook’s plan to provide free internet to the developing world

Facebook's plan to provide free internet to the developing world just hit another hurdle: The Indian regulator is ordering a temporary ban on the service, called Free Basics, reports The Times of India. Free Basics - part of Internet.org - is a service offered by the social network in some emerging markets that lets users access some websites for free. source- gettyimages The aim is to help bring people online for the first time, but has come under sustained criticism for allegedly violating the principles of net neutrality. Net neutrality dictates that all data should be treated equally, and companies cannot pay for faster access or preferential treatment, so as not to stifle innovation and create hurdles for startups unable to pay. But because Free Basics zero-rates - that is...
China’s Economy In “New Normal” Continues To Power Global Growth
CHINA

China’s Economy In “New Normal” Continues To Power Global Growth

BEIJING, Dec. 22 (Xinhua) -- Against the backdrop of the global struggling for economic recovery and the worsening situation in some emerging markets in 2015, China's economy has remained a strong engine for the world economy. Though the Chinese economy has changed to a "new normal" of more sound and slower growth, it continues to create development opportunities for the world. At the G20 summit held in the Turkish resort city of Antalya, Chinese President Xi Jinping said that despite a recent slowdown, China has still contributed 30 percent of world economic growth, which means China is still a major world economic powerhouse. It is predicted that the world's second-largest economy will grow around 7 percent this year, and will continue contributing as high as about one-third of th...
Practo Releases Healthcare Map of India 2015
Story

Practo Releases Healthcare Map of India 2015

Practo, Asia’s leading healthcare platform today released its annual healthcare findings – The Practo Healthcare Map of India 2015 which aims to highlight the key consumer healthcare concerns. The report also highlights the fastest growing concerns to enable the healthcare industry focus on the illness types that ail the population today as well as pro-actively address those that could become the next set of challenges. This report is based on search data from Practo which has nearly 40 million appointments per year and over 75M searches across 200,000 doctors and over 200 specialties. Key finding – Healthcare Map of India 2015 · Overall India: Total search volume grew over 9x to 10M+ searches a month. The fastest growing searched specialties are: o Gastroenterologists - 204% o ...
Zomato Founder Apologies for Zomato’s Porn Campaign
News

Zomato Founder Apologies for Zomato’s Porn Campaign

Deepinder Goyal, Founder of Zomato apologised on Zomato Blog because of some folks got offended by the recent porn campaign. Zomato had tried an advertising campagin that involved using websites similar in nature to porn7 to, however, this tactic seemed to backfire with Zomato's audience, causing the founder to offer an apology. In Blog, he posted about how this less expensive marketing tactic works but at the same time felt sorry for "such cheap marketing was not expected from a brand of our standard and also supporting abuse." Deepinder Also wrote - For a start, we’re killing the porn site campaign, because we sense we crossed the fine line between marketing irreverence and cultural insensitivity. If we did, and ended up offending or disrespecting anyone in any way at all, we are so...