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Nasscom Tie-Up with Salezshark For Sales Operations

20Apr By AnkitaNo Comments

News

Nasscom Tie-Up with Salezshark For Sales Operations

SalezShark, a relationship cloud based startup in USA will handle customer relationship management of Nasscom. Salezshark has chosen over the likes of Microsoft and American cloud computing company Salesforce.com to handle sales operations of Nasscom. SalezShark will now manage the entire gamut of operations from marketing, events and publications to internal member and non-member data, functions for which Nasscom had been relying on multiple systems. "Requirement came from Nasscom's end to manage their huge data and help increase productivity within the organisation," said SalezShark founder Ajay Chauhan. "They will utilise SalezShark for our sales and marketing automation as well as introduce social selling in their sales culture," he said. SalezShark has implemented a marketing eng...

Bitcoin Wallet Zebpay Crosses Rs 100 Cr Turnover

20Apr By AnkitaNo Comments

News

Bitcoin Wallet Zebpay Crosses Rs 100 Cr Turnover

Bitcoin wallet firm Zebpay today said it has crossed Rs 100 crore turnover within 10 months of operations as more Indians are going for the digital currency. "In only 10 months, the company has crossed Rs 100 crore turnover in April 2016," Zebpay said in a statement. Zebpay, a Bitcoin app, deals with Indian customers only and it has made PAN number a must for users for opening of wallet, company co-founder Sandeep Goenka said. Bitcoins are digital money and their value is determined o the basis of their demand and supply. The digital money is limited in numbers. Only 21 million Bitcoins can be generated globally and they can be traded even infractions, up to eight decimals. The last bitcoin will be generated in 2140 but 99 per cent would be already there by 2040. At present, the va...

18Apr By AnkitaNo Comments

FUNDING

Smytten, a Discovery Platform For Premium Lifestyle Products, Raises Funding From Rajan Anandan

Smytten, an online discovery platform for premium lifestyle products and services, has raised an undisclosed amount as funding from Rajan Anandan, prolific angel investor, and Vice President and Managing Director of Google, SouthEast Asia and India. The Team will use this round of funding for enhancing user experience, product development and expanding both user and brand base. The company is going to pay special attention to artificial intelligence and algorithmically personalise offerings on their platform. ALSO READ: Ex-Unilever and Google Executives Launched Smytten, a Platform For Premium Brands to Reach Their Target Consumers Smytten provides its customers an engaging and curated discovery trial and shopping experience for premium products and services. Within just si...

18Apr By AnkitaNo Comments

CHINA

China’s First Driverless Cars Complete Long-Distance Road Test

Two self-driving cars on Saturday afternoon wrapped up a 2,000-km (1,240 miles) journey in China's first long-distance road test for autonomous vehicles. The vehicles, produced by Chang'an Automobile, left the southwestern metropolis of Chongqing on Tuesday and arrived at Beijing at about 5 p.m. Saturday. The cars successfully drove distance from other vehicles, changed lanes, overtook and performed other maneuvers including three-point turns automatically but still need the help of a driver in certain road sections and gas stations, the designers said. The maximum speed of the cars reached 120 kilometers per hour. Tan Benhong, deputy director of the Chang'an Automobile Engineering & Research Institute, said they would improve the technologies based on the results of the test a...

Twitter CEO Takes No Salary, Earns $68,506 Compensation

18Apr By AnkitaNo Comments

News

Twitter CEO Takes No Salary, Earns $68,506 Compensation

Twitter CEO Jack Dorsey did not take salary or stock options since he joined the struggling micro-blogging website last year and received personal and residential security costs totaling $68,506, a media report said on Saturday. His predecessor Dick Costolo was awarded a total of $91,795, which included a monthly salary of $7,162, car service and security costs, the Wall Street Journal reported. According to the micro-blogging website, it now has more than 300 million active users, far less when compared with Facebook's 1.5 billion users making it more popular, faster, and the choice of more marketers. Twitter reported 305 million monthly active users for the fourth quarter this year, compared to 307 million in the third quarter that excluded SMS-only followers. The almost-flat...

16Apr By AnkitaNo Comments

News

New System Finds Security Flaws in Popular Web Apps

MIT researchers have developed a system that can quickly comb through tens of thousands of lines of application codes to find security flaws in popular web applications. In tests on 50 popular applications written using Web programming framework Ruby on Rails, the system found 23 previously undiagnosed security flaws, and took no more than 64 seconds to analyse any given programme. According to researchers from Massachusetts Institute of Technology (MIT) in the US, the new system uses a technique called static analysis which seeks to describe in a very general way how data flows through a programme. "The classic example of this is if you wanted to do an abstract analysis of a programme that manipulates integers, you might divide the integers into the positive integers, the negativ...

16Apr By AnkitaNo Comments

FUNDING

NestAway Raises $30-million Funding From Tiger Global

As per the report in TOI, Bengaluru-based home rental startup NestAway raises $30-million (or Rs 200-crore) funding from New York-based investment fund Tiger Global. This is the first investment from Tiger Global in 2016. Founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Ranjan Parida, NestAway takes a percentage of the monthly rent it generates from the property owners in exchange for offering maintenance and upkeep. There is no brokerage that either the tenant or the owner has to pay in this model. Tiger Global, IDG Ventures, Flipkart and Ratan Tata among NestAway investors lists. NestAway working across Bengaluru, Delhi NCR, Pune and Hyderabad with plans to expand into Mumbai and Chennai. Tiger Global Investment in 2016- In 2016, Tige Global also con...

Vijay Shekhar Sharma to Head IAMAIs Payments Banks Group

15Apr By AnkitaNo Comments

News

Vijay Shekhar Sharma to Head IAMAIs Payments Banks Group

Paytm founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at industry body IAMAI. Vodafone India business head (M-Pesa) Suresh Sethi will be the Vice-Chairman of the Group, Internet and Mobile Association of India (IAMAI) said in a statement. "Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. Paytm along with other license holders, would make financial services accessible for every Indian through this innovative route," Sharma said. At present, six out of 10 payments banks primary licensees are IAMAI members. IAMAI has more than 50 companies representing PPIs, wallets, aggregators, business correspondents, PoS Operators, among others as members.

13Apr By AnkitaNo Comments

FUNDING

MyGlamm Raises 40 Cr ($6mn) From LOccitane Intl, Tano Cap, Brand Cap

On demand beauty services startup MyGlamm has raised USD 6 million (about Rs 40 crore) from global beauty giant- LOccitane International, US-based PE fund Tano Capital and Brand Capital. "MyGlamm will be growing across India and also has global expansion plans with a rollout planned in eight more cities in the country along with a launch in the Middle East," MyGlamm Founder Darpan Sanghvi said in a statement today. The strategic support of LOccitane in MyGlamms growth will also be a big differentiator over the competition, he added. Launched in 2015, MyGlamm offers beauty service at home, which includes basic grooming like waxing and threading to more elaborate requirements like bridal makeovers, mehendi, and spas. It is doing 600 services a day, the company said. At pr...

13Apr By AnkitaNo Comments

BUSINESS

Standard Chartered Will Invest $1.6 million in India For Eyecare Projects

Standard Chartered today said it will commit USD 1.6 million in India to five eyecare projects to bring in innovation and strengthen the delivery mechanism for the needy in 2016-19 under its Seeing is Believing programme. "Standard Chartered Bank today announced the launch of five new eyecare projects to bring in innovation and strengthen the delivery of eyecare to the needy between 2016 and 2019, with a donation commitment totaling USD 1.6 million," it said in a release. These projects will be delivered through a partnership forged among the bank, International Agency for the Prevention of Blindness (IAPB) and leading eyecare NGOs across 15 states, thereby pooling in resources and expertise. "Eyecare is a critical component of healthcare. By building eyecare capacity in the country...

12Apr By AnkitaNo Comments

FUNDING

Video Platform 90 Seconds Raises $7.5 mn Funding From Sequoia

Cloud video production platform 90 Seconds today announced it has raised USD 7.5 million in Series A financing led by Sequoia India. The round was supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for USD 860 million) and the founder of the platform Oleg Tscheltzoff, will accelerate 90 Seconds global expansion as the market leader in cloud video production, Sequoia said in a statement here. 90 Seconds reduces the complexity of video production, giving brands and agencies access to a marketplace of creatives, and an automated, end-to-end suite of workflow tools. "We are excited to work with new and existing investors who understand the opportunity 90 Seconds has to completely change the global video production landscape," Founder and CEO of 90 Seconds...

Qatar Based Al-Jazeera Network Shutsdown in America

12Apr By AnkitaNo Comments

BUSINESS

Qatar Based Al-Jazeera Network Shutsdown in America

Al-Jazeera America, which couldn't attract an audience to another cable news network in the United States, signs off tonight following a three-hour live farewell designed to highlight its work since a 2013 launch. The farewell begins at 6 pm (local time) and will be repeated immediately before Al-Jazeera America goes dark. Local cable and satellite operators will decide what replaces the channel in their markets. The Qatar-based Al-Jazeera network announced in January that it was shutting down the US-based offshoot, calling it an economic decision. Backed by a deep-pocketed parent company, Al-Jazeera America began with lofty goals of offering serious-minded news and won some awards for its work. But when few people watched and oil prices plummeted, there was a limit to how much t...