Thursday, May 2

Author: Ankita

Facebook Has Invested $250M in VR “Oculus” To Make it More Social
7Oct By AnkitaNo Comments
FUNDING

Facebook Has Invested $250M in VR “Oculus” To Make it More Social

Zuckerberg said his company has invested $250 million to back developers building new games and other virtual-reality programs for Oculus, and is vowing to double that amount. The investment will make virtual reality more social as the industry gets more crowded. Facebook's Oculus division is hoping to distinguish its offerings from other leading tech companies whose selling their VR products. At an event on Thursday, the company announced a long-awaited shipping date - Dec. 6 - for its Oculus Touch hand controllers. In a two-hour presentation, Facebook CEO Mark Zuckerberg, meanwhile, donned one of those headsets for an onstage demonstration in which he visited Mars, played virtual cards with two other people, then made a video call to his wife while standing in a digital simulation ...
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Pune Based Muhurtmaza Raises Funding From HNI investor
5Oct By AnkitaNo Comments
FUNDING

Pune Based Muhurtmaza Raises Funding From HNI investor

Pune based Muhurtmaza, an online puja booking service has raised an undisclosed amount of seed funding from a US based HNI investor. Muhurtmaza currently operates in Pune, Bengaluru and Hyderabad among a few other cities, and will focus on increasing consumer awareness and strengthening its supply chain over the next few months using this funding round. As per the company they are the first company in this space to have received funding so far. On Muhurtmaza customers can book a priest online, depending on specific rituals and samagri required to conduct the ritual. Sowale told Pixr8 "We currently have 300 pandits on our platform and the plan is to scale this up to 600 by January". According to various estimates, this market segment is pegged at about $30bn and is almost entirely uno...
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Bengaluru Based Bitcoin Startup Unocoin Raises $1.5 million From U.S., Indian Investors
30Sep By AnkitaNo Comments
FUNDING

Bengaluru Based Bitcoin Startup Unocoin Raises $1.5 million From U.S., Indian Investors

Bangalore-based bitcoin startup, Unocoin has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday. The company, which runs a trading platform to buy, sell, and store bitcoins for Indian customers, said the money raised was the largest for an Indian bitcoin startup. Unocoin, which has 100,000 users and more than 30 employees, has been in operation since December 2013. Unocoin describes itself as the Coinbase of India. San Francisco-based Coinbase is the largest U.S. bitcoin company and runs an exchange and a wallet service, among other businesses. Funding came from Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures along with U.S. investors such as Digital Currency Group, Boost VC, Bank to the Future, and Fund...
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CloudCherry Receives $6M in Series A Funding from Vertex Ventures, Cisco Investments & IDG Ventures India
29Sep By AnkitaNo Comments
FUNDING

CloudCherry Receives $6M in Series A Funding from Vertex Ventures, Cisco Investments & IDG Ventures India

Customer Analytics Technologies Inc., owner of SaaS-based Customer Experience Management platform CloudCherry announced today that it has raised their Series A Funding of $6M from Vertex Ventures, Cisco Investments and IDG Ventures India. This capital infusion will be used for CloudCherry’s global expansion, with a strong focus on the US, South East Asia and the Middle East. CloudCherry’s CEM platform is enjoying tremendous success in Asia already, with many leading brands using the platform to understand Customer Experience today. The product is also seeing exciting early wins in the North American markets and is set to welcome many more soon. CloudCherry was founded by Vinod Muthukrishnan, Vijay R Lakshmanan, Prem K Viswanath and Nagendra CL, with the support of angels Prof. Sriram Su...
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Design Café Brings the First-ever Home Design Experience Lounge to Bangalore
28Sep By AnkitaNo Comments
News

Design Café Brings the First-ever Home Design Experience Lounge to Bangalore

In a quest to make design more accessible to everyone, Design Café, one of the leading interior design firms in Bangalore, launched its first Home Design Experience Lounge this week in Bangalore. Set in the plush residential locales of Whitefield, the 2500 sq. ft., experience lounge will compliment their revolutionary website http://www.designcafe.xyz, which allows you to design your home online in four easy steps. At the lounge, you can meet award-winning designers who will guide through 100's of pre-curated home designs for every room and create instant 3D designs for you. The lounge also showcases the latest materials and brands from all over the world and in every budget, so you can touch and feel everything before you make your home. This is the first-of-its kind lounge that bridges t...
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Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta
27Sep By AnkitaNo Comments
ACQUISITION

Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta

Indonesia's based food and grocery delivery startup GO-JEK has acquired Bangalore based Pianta, a marketplace for home healthcare services, for an undisclosed sum. Post the acquisition, Pianta's eight member team will merge with GO-JEK's engineering centre in Bangalore. Founded in 2010, GO-JEK has over two lakh motorbike taxis, known as "ojeks" in its fleet. Since then, the company has diversified into food, grocery and even courier delivery services. GO-JEK raised $550 million in 2016 from the likes of KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. In India, GO-JEK doesn't have any services but has an engineering centre in Bangalore where it employs 60 people."Pianta's core team comes from Ola and Flipkart and their expertise in the logistics and payments s...
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Razorpay India’s First Payment Gateway Launched UPI For Merchnats
23Sep By AnkitaNo Comments
News

Razorpay India’s First Payment Gateway Launched UPI For Merchnats

Razorpay is India’s first payment gateway to launch Unified Payment Interface (UPI), for its 10,000+ merchants. The option will enable customers to make online payments via UPI in addition to netbanking, wallets and credit/debit cards. This will be the first large-scale rollout on the merchant side and does not require the addition of any code to start offering UPI payment options to their customers. All of Razorpay’s merchants will have access to receiving payments via UPI starting today. UPI is a unique payment solution built to empower customers to initiate payment requests through their smartphone. It provides a Virtual Payment Address (VPA), through which users can send and receive money on a two-factor authentication. “In keeping with our robust technology, our systems will aut...
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Bengaluru Based App Development Startup Hashtaag Raises $1Million Funding
22Sep By AnkitaNo Comments
FUNDING

Bengaluru Based App Development Startup Hashtaag Raises $1Million Funding

Hashtaag, a bengaluru based firm which builds native mobile apps and products, today announced it has secured USD 1 million in angel funding. The funding would enable the firm to hire better talent, build better products and expand operations further in India and globally, Krishna Vemula, Chairman and Co-Founder of Hashtaag, said. "We intend to make rapid inroads in the design-led app engineering space, and with this additional funding impetus we can continue to focus on delivering the best products to meet our client's needs with our fundamentally unique business model and value propositions," he said.     The firm aims to reach 100 plus employees by the end of 2016 in India and has already set up additional offices in Chennai and Mumbai and plans to expand g...
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Twitter Discontinue Engineering Tasks in India, Lay Off Employees At Bengaluru Development Centre
20Sep By AnkitaNo Comments
News

Twitter Discontinue Engineering Tasks in India, Lay Off Employees At Bengaluru Development Centre

Microblogging site Twitter has decided to discontinue engineering tasks in India, a move that will lead to lay offs at its development centre in Bengaluru. The company, however, did not disclose the number of people being handed pink slips. When contacted, Twitter in an emailed statement said: "As part of our normal business review, we have decided to stop the global engineering work at the Bengaluru development centre. We thank the impacted individuals for their valuable contributions and are doing as much as we can to provide them a respectful exit from our company." The company "remains committed to India as a strategic market for users, partners and advertisers," it added. The company further said: "Today, India is one of our fastest growing markets worldwide and we continue to...
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Superstar Singer Akon Appointed as a Chief Officer Of a Technology Company
19Sep By AnkitaNo Comments
News

Superstar Singer Akon Appointed as a Chief Officer Of a Technology Company

R&B star Akon has been named Chief Creative Officer of technology company Royole. The 43-year-old "Locked Up" singer has teamed up with bosses at the company to work on upcoming products including the Moon - a portable 3D virtual mobile theatre, which also comes with noise-cancelling headphones, reported Billboard. Akon said he was thrilled about joining the firm and working with Chief Executive Officer Bill Liu. "Now, other ideas that (I have) are just unthinkable until you tangibly see it. (Royole) has everything we need to make those things happen, so Im really looking forward to the future," he said. "The future should be your only focus. The now is here and gone tomorrow, so if youre not thinking about the future man, youre gonna go away along with the day. So I always...
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Weblistr- Where There is a Need, There is a Website!
18Sep By AnkitaNo Comments
Story

Weblistr- Where There is a Need, There is a Website!

Online businesses and Startups in India are growing at an astronomical speed. Today where everything is available online, any product or service need can be resolved in mere clicks. Where there is a need, there is a website/app to fulfill it, unfortunately, the visibility of these websites is quite limited to the general internet users. Knowing where to get what online is the problem. Weblistr, India’s No. #1 online shopping guide aims at solving this problem. Weblistr is a one of a kind startup that accumulates useful information from e-commerce websites and apps across 20+ categories such as fashion, home décor, travel, food delivery, jobs, healthcare, education etc. It also has user generated ratings and reviews for online startups on their platform. The platform hosts over 500 websit...
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