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Vijay Shekhar Sharma Led Paytm Will Spend Rs 600 Cr on Advertisement in 2016-17

7Jun By NitishNo Comments

News

Vijay Shekhar Sharma Led Paytm Will Spend Rs 600 Cr on Advertisement in 2016-17

Mobile wallet and e-commerce firm Paytm, run by One97 Communication Ltd, will spend Rs.600 crore on ads in 2016-17, the company said on Monday. Last year the company had spent more than Rs.500 crore in 2015-16. According to sources, last three years when companies would invest heavily in brand building and customer acquisition, now the target is expected to be more on the lines of return on investment. Currently, the Paytm has close to 130 million wallets. Companies 40% traffic belongs from the categories such as money transfer, bill payments, and movie ticketing business through the ad campaign. Last year, Paytm had bagged the deal of title sponsorship rights for Indian cricket for four years, which covers 84 matches to be played in India under the aegis of Board of Control for Cric...

Mark Zuckerberg Social Media Accounts Hacked and Hacker Claims The Password was “dadada”

6Jun By NitishNo Comments

News

Mark Zuckerberg Social Media Accounts Hacked and Hacker Claims The Password was “dadada”

A hacking group OurMine Team has claimed responsibility for Hacking social media accounts belonging to Facebook founder Mark Zuckerberg. Mark Zuckerberg’s Twitter and Pinterest accounts were hijacked by the hacker group on Sunday. “Hey @finkd, you were in Linkedin Database with the password ‘dadada’ !,” the team wrote from Zuckerberg’s Twitter page. On his Pinterest, the new title was “Hacked by OurMine Team.” Ouch. Mark Zuckerberg's social media accounts have been hacked pic.twitter.com/KvVmXOIg5s— Ben Hall (@Ben_Hall) June 5, 2016 Later the tweet was deleted from the account and the account has been seized. Zuckerberg did not tweet on his rival social network since January 2012. Hackers claimed the “dadada” password leaked through a massive data breach on Linke...

Taxi Aggregator Meru Targeting Revenue of Rs 850 crore in 2016-17

6Jun By NitishNo Comments

News

Taxi Aggregator Meru Targeting Revenue of Rs 850 crore in 2016-17

Working on a model to "make every city profitable", taxi services provider Meru is targeting a revenue of Rs 850 crore in 2016-17 on the back of new services and deeper penetration into existing markets. The company, which returned to profits in December quarter of the previous fiscal after a gap of almost 1.5 years, clocked a revenue of about Rs 600 crore in 2015-16. "We are growing steadily by 35 per cent every year, and are targeting a revenue of Rs 850 crore by the end of the current fiscal on the back of our new channels, deeper penetration into existing markets and expansion. We are working on a model to make every city profitable," Meru Group CEO Siddhartha Pahwa said. Presently, Mumbai, Delhi, Bengaluru, Hyderabad, Ahmedabad and Kolkata have become entirely profita...

Ola Launched New Mobile App ‘Ola Operator’ For Entrepreneurs

5Jun By NitishNo Comments

News

Ola Launched New Mobile App ‘Ola Operator’ For Entrepreneurs

Ola, one of India's most popular mobile app for transportation, on Friday announced the launch of a first of its kind mobile technology solution with its new 'Ola Operator' app - built for entrepreneurs who have grown from one car to many on the Ola platform over the years, as well as operators who own cars, but employ drivers, to work on the platform. With this launch, Ola aims to add tens of thousands of new Operators onto its platform, including driver-partners who have turned entrepreneurs, operators in the business of transportation, as well as aspiring first-time entrepreneurs who would like to be part of the mobility ecosystem with minimal time commitment. This mobile app will help bring in immense efficiency to manage a single vehicle, to a large fleet, that an operator may o...

Naspers Invests $60 Million in Online-Learning Startup Udemy

3Jun By NitishNo Comments

FUNDING

Naspers Invests $60 Million in Online-Learning Startup Udemy

Udemy, a global marketplace for learning and teaching online, today announced a strategic investment of $60 million from Naspers through its Naspers Ventures division. Larry Illg, CEO of Naspers Ventures, is joining Udemy’s Board of Directors. Udemy plans to use the new capital to continue its strong international momentum, including growing its localized course content library and product offerings to meet the global demand for online learning. The investment is a follow-on to Udemy’s $65 million Series D round of financing from June of 2015. Over the past year, Udemy has experienced significant growth, particularly among its international business. With more than 40,000 courses now available in 80 different languages, Udemy offers the largest selection of online course content. ...

Snapchat Overtake Twitter in Number of Daily Users Mark

3Jun By NitishNo Comments

News

Snapchat Overtake Twitter in Number of Daily Users Mark

Snapchat now has more daily users than Twitter, according to a report from Bloomberg.The four year-old messaging app, which is hugely popular with millennials, reportedly has 150 million daily active users compared to less than 140 million users for Twitter. According to Twitter’s most recent figures it has 310 million monthly active users, but it hasn’t made any official statement as to how many of those use the service on a daily basis. Twitter and Snapchat both declined to comment to the publication. Snapchat has made communication more fun with many users sending selfies to each other with added graphics and filters, plus short videos. It’s also responsible for the popular ‘face swap’ meme in which the faces of the two people (or animals) in a photo can be switched. Twitter...

Venture Catalysts Seed Investment in Fashion Startup CoutLoot

2Jun By NitishNo Comments

FUNDING

Venture Catalysts Seed Investment in Fashion Startup CoutLoot

Venture Catalysts, India's first seed investment and innovation platform, has facilitated a seed investment into CoutLoot, an end-to-end fashion reselling service. CoutLoot will be utilizing the funds secured through VCats for geographical expansion and launch of new product categories, and will be additionally strengthening its technological framework. Founded by Mahima Kaul, Sahil Khimavat, Vinit Jain and Jasmeet Thind, CoutLoot is a one-stop solution to de-clutter one's closet for cash. While sellers get paid for selling off unused branded and boutique fashion items from their closet, buyers get to avail products from the best brands in a nearly-mint condition at up to 80 percent off. CoutLoot has seen sales of 2,000 items since inception, has an inventory of 6,000 clothes, and see...

Jugnoo Acquires SubKuchFresh to Enhance its Grocery Delivery Services

2Jun By NitishNo Comments

ACQUISITION

Jugnoo Acquires SubKuchFresh to Enhance its Grocery Delivery Services

The leading on-demand auto-rickshaw aggregator Jugnoo acquires SubKuchFresh in a bid to enhance its recently launched grocery delivery service 'Fatafat'. This acquisition enables Jugnoo to offer a more comprehensive grocery delivery service with improved procedures of procurement, sorting, packaging and quality check of products. Furthermore, the move is corresponding to Jugnoo's vision of making optimum utilization of resources with auto-rickshaws as its logistic partners, allowing them to make extra bucks when not transporting passengers. The delivery services are currently available for customers in Mohali and Panchkula apart from Chandigarh. "This is a step towards helping the auto drivers to supplement their livelihood through extra earnings. Jugnoo also intends to create...

IIM-A Offer e-learning To Deliver Management Education Through Distance Learning

2Jun By NitishNo Comments

News

IIM-A Offer e-learning To Deliver Management Education Through Distance Learning

Indian Institute of Management, Ahmedabad (IIM-A) will launch e-learning programmes to deliver management education through distance learning. The institute will launch several programmes in the coming months in collaboration with NIIT Ltd and Hughes Education, companies that provide online learning services, the leading business school said in a statement here. The institute has signed agreements with both the companies to deliver management education content using electronic mode in the form of synchronous studio-to-classroom programmes. "Management education is going through dramatic changes, especially with regard to infusion of technology challenging the traditional content delivery model," it said. "IIM-A is set to launch several e-learning programmes over the next fe...

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

1Jun By NitishNo Comments

INDIA

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

Telangana government today said it may set up an outpost of T-Hub, its technological incubator, in Silicon Valley, United States. According to an official release, state IT Minister K T Rama Rao, who is currently touring the North American country along with some of the senior officials, today addressed a convention of investors and IT professionals. "We are going to set up T-Hub outpost (extension centre) in Silicon Valley. We need support and cooperation from TiE ( a Global net work of entrepreneurs) and investors from Silicon Valley," the minister said. T-Hub is a unique public/private partnership between the Telangana government, three of country's premier academic institutes (IIIT-H, ISB and NALSAR) and key private sector leaders. KTR further said besides IT, India provides ab...

BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity

1Jun By NitishNo Comments

FUNDING

BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity

BRIDGEi2i Analytics Solutions, a Bangalore based analytics solutions company, announced that it has secured Series A growth capital from Edelweiss Private Equity. The amount has not been disclosed. Edelweiss Private Equity is the private equity and venture capital arm of Edelweiss Financial Services, one of India’s leading diversified financial services conglomerate. With this investment, Edelweiss has acquired a minority stake in the company. Pranav Parikh, Head of Edelweiss Private Equity will be joining the Board of Directors of BRIDGEi2i. Prithvijit Roy, Chief Executive Officer, BRIDGEi2i commented on this development, “This investment will fuel our ability to deliver greater value to customers by enabling us to accelerate the development of our machine learning based business appl...

Warehouse Demand For E-commerce Firms Increases 22% in 2015: Study

31May By NitishNo Comments

ANALYSIS

Warehouse Demand For E-commerce Firms Increases 22% in 2015: Study

E-commerce has emerged as one of the key drivers for warehouse realty after third party logistics operators in 2015, a recent study by property consultant CBRE South Asia. Third party logistics operators constituted 30 per cent of the total demand for warehouse realty followed by e-commerce at 22 per cent. Nearly 2 million sqft of warehousing space was taken up by e-commerce firms in 2015, which is a significant jump as the share of the sector rose from a meagre 2 per cent of the total warehousing demand in 2012, to around 22 per cent during 2015. On the same lines, office space demand from e-commerce firms witnessed a 170 per cent year-on-year growth?from 7 lakh sqft in 2014 to 2 million sqft in 2015. "Investors have begun to show more interest as the growth story of the sector contin...