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Zopper acquires cloud-based Retail EasyPOS

5Mar By AnkitaNo Comments

ACQUISITION

Zopper acquires cloud-based Retail EasyPOS

Zopper, a hyper-local market place has acquired EasyPOS Solutions, a cloud based point of sale software system for billing, inventory, employee and loyalty management. The company has acquired the POS platform in mixed cash and equity deal and has valued the company at Rs 33 crores, with the intent to creating a long-term association and value for its partner retailers. A POS solution helps a company organise its overall sales and gives it an easy reach to small and medium enterprises. By joining hands with EasyPOS, hyper local company facilitating its partner retailers to provide increased selection and latest prices to its marketplace users on a real time basis. Neeraj Jain, co-founder Zopper said: "EasyPOS is an excellent product built by a brilliant team. Witnessing its tre...

OLA and Uber Launched Bike Taxi Services in Bengaluru

3Mar By AnkitaNo Comments

News

OLA and Uber Launched Bike Taxi Services in Bengaluru

Taxi service providers in India, Ola and Uber have launched Bike Taxi services in Bengaluru on the same day. The minimum fare of UberMoto starting at Rs. 15 and Rs. 30 for Ola Bikes. Starting fare of Ola bikes are Rs. 2 per km and Re. 1 per minute of trip time. While UberMoto price will be Rs. 3 per kilometre, and Rs. 1 per minute of trip time. Uber India President Amit Jain said, "We are very excited to pilot uberMOTO in Bengaluru pairing our on-demand technology platform with motorbikes, the predominant mode of transport in India". Uber said that it offers GPS tracking, 2-way feedback, and the ability to share trip details with family and friends. It is also taking registrations from people who own motorbikes and scooters to become drivers on the platform and recoup the costs o...

1Mar By AnkitaNo Comments

News

Google Self-driving Car Hits Public Bus

Technology giant Google has acknowledged that it's self-driving car struck a public bus in California during a test drive. The California-based tech company beared some responsibility for the crash in an official statement. "We clearly bear some responsibility, because if our car hadn't moved, there wouldn't have been a collision. That said, our test driver believed the bus was going to slow or stop to allow us to merge into the traffic, and that there would be sufficient space to do that," Google said in a statement. "From now on, our cars will more deeply understand that buses (and other large vehicles) are less likely to yield to us than other types of vehicles, and we hope to handle situations like this more gracefully in the future," the internet giant further said. The Mo...

29Feb By AnkitaNo Comments

INDIA

Stand Up India Scheme Allocates Rs.500 Crore For SC ST and Women

New Delhi, Feb.29: Sharing his nine pillars for what he called a transformational budget for fiscal 2016-17, Finance Minister Arun Jaitley on Monday announced that under the Stand-Up India scheme, a sum of Rs.500 crores has been allocated to people belonging to the Scheduled Castes and Scheduled Tribes (SC and ST) and women entrepreneurs. The Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start-ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in this year's August 15 Independence Day address to the nation. The campaign is focused on restricting the role of states in the policy domain and to get rid of the so-called "license raj", besides other ...

Aquapurum, a Bengaluru Based startup Showcased Innovative Way To Treat Water

29Feb By AnkitaNo Comments

Story

Aquapurum, a Bengaluru Based startup Showcased Innovative Way To Treat Water

Aquapurum, a Bengaluru-based startup in collaboration with UK's Hydro Industries on Monday launched an innovative water treatment technology at an event organized in Delhi. Based on proven electro coagulation technology, Aquapurum's solutions are able to convert borewell or surface water into potable water in a matter of minutes. The event was attended by several senior officials from government, estate managers and experts working in the field of water treatment and regeneration. Speaking at the launch event, St. John Gould, India Director, UK Trade and Investment (UKTI) said," We are delighted to bring the best of British technology and innovation to India through this partnership. At UKTI, we are always exploring opportunities for collaboration between UK and India that can ben...

Unitus Seed Fund Invests in DriveU, India’s First On-Demand Private Driver Service

29Feb By AnkitaNo Comments

FUNDING

Unitus Seed Fund Invests in DriveU, India’s First On-Demand Private Driver Service

29th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, announced its investment in DriveU, a firm that aggregates on-demand drivers for private car owners in India. If Uber and Ola have changed the way people travel in urban India, there has been another creeping gap – that of utilization of privately owned vehicles in the country that has largely remained unaddressed. According to recent reports, there are more than 15 lakhs (1.5 million) private cars in Bengaluru, and 30% of the car owners are seeking drivers. And that’s just in Bangalore! DriveU, founded in 2015 by Ramprasad “Rahm” Shastry, Ashok Shastry and Amulmeet Singh, intends to revolutionize the self-driving habit in the country by addressing the...

No WhatsApp on BlackBerry, Nokia by 2017

29Feb By AnkitaNo Comments

Tech

No WhatsApp on BlackBerry, Nokia by 2017

Facebook owned messaging service WhatsApp has announced that its services would be discontinued on BlackBerry and Nokia devices by 2017. WhatsApp's announcement also includes Nokia's low-end S40 and S60 Symbian platforms, as well as the older Android 2.2 and Windows Phone 7.1 operating systems, the Verge reported. Based in Mountain View, California, WhatsApp was acquired by Facebook Inc. on February 19, 2014, for approximately USD 19.3 billion. As of February 2016, WhatsApp had a user base of up to one billion making it the most globally popular messaging application. Whatsapp Blog - Earlier this week WhatsApp turned seven years old. It has been an amazing journey and in the coming months we're putting an even greater emphasis on security features and more ways to stay...

Soon, Differently-Abled Can Avail Rail Travel Concessions Online

28Feb By AnkitaNo Comments

News

Soon, Differently-Abled Can Avail Rail Travel Concessions Online

The Indian Railways is fulfilling its social obligations towards Divyang, senior citizens and women travellers, Union Railway Minister Suresh Prabhu said on Thursday while presenting the rail budget in the Lok Sabha. Prabhu said that for Divyang (differently-abled), the railways have introduced one-time registration for availing concessions while booking tickets online, online booking of wheelchairs and Braille-enabled new coaches. Also, the quota of lower berths has been increased for senior citizens and women. "In the coming financial year, the railways is increasing the senior citizen quota per coach by 50 percent, resulting in almost 120 lower berths per train for senior citizens," he said. The minister said that in pursuance of the objectives of Accessible India campaign,...

Ratan Tata Invests in Home Rental Startup NestAway

28Feb By AnkitaNo Comments

FUNDING

Ratan Tata Invests in Home Rental Startup NestAway

Top industrialist Ratan Tata has invested an undisclosed amount in home rental company NestAway Technologies, a statement said. This is Tata's eighth personal investment in a startup in 2016 so far. He has invested in over 20 startups. NestAway turns unbranded, unfurnished houses into fully furnished and managed apartments and provides them at affordable prices to verified tenants, said the statement by IDG Ventures India, which is an investor in the company. So far, the startup has provided quality rental homes to about 5,000 tenants across six cities. Until recently, NestAway counted working professionals who are single among its target audience, but now it has also forayed into the family segment. NestAway was founded by Amarendra Sahu, Smruti Parida, Deepak Dhar and Jite...

Facebook Introduces ‘Canvas’ to Empower Advertisers With More Space

27Feb By AnkitaNo Comments

News

Facebook Introduces ‘Canvas’ to Empower Advertisers With More Space

Social networking giant Facebook has introduced a new innovative product called 'Canvas which allow advertisers to combine video, still images and copy in an ad. "We're committed to building great mobile experiences for people and doing so also opens up new creative possibilities for advertisers. We've invested in engaging experiences like video and the carousel format to empower advertisers with more creative space to share their brand and products on mobile," the California based company said in a blog post. The social media giant said that the aim is to achieve any objective by giving advertisers a fully customisable space to build multimedia stories. "We made the creative community a priority when we designed and built Canvas. It's a product that represents our commitment to c...

India Attracting More and More Technologists, Expert

26Feb By AnkitaNo Comments

News

India Attracting More and More Technologists, Expert

India is more attractive than the other emerging markets for international technology groups, given the huge growth potential of domestic demand, a senior security industry official said today. "Today, India is the most suitable market to adopt technologies in every sphere of the economy including defence sector," said Richard Wileman, director of business development in international markets at UTC Aerospace Systems, a leading global corporation. Noting India has opened foreign investment in the defence industry, Wileman said there was much more the Indian government can gain by adopting technologies, which eventually can be manufactured in whole or in parts in the country. "The 'Make in India' is an attractive initiative and allowing Foreign Direct Investment in the defence sect...

Ather “The Tesla” of India Unveiled Ather S340 Scooter

24Feb By AnkitaNo Comments

Story

Ather “The Tesla” of India Unveiled Ather S340 Scooter

To support, Make in India initiative, India’s first smart electric scooter Ather debut the first model Ather S340. IIT-Chennai batchmates Tarun Mehta and Swapnil Jain founded Bangalore-based Ather Energy in 2013. Ather (derived from the Greek word ‘aether’ for the purest form of air breathed by the gods) is a company that manufactures electric scooters and dreams to revolutionise the two-wheeler mobility game by developing India’s first smart, connected, and clean electric scooter. ALSO READ: Mahindra Launched World’s First Cloud Connected E Scooter Genze 2.0 “The inevitability of electric being the future of automobiles has led us to build an uncompromising electric scooter – with a powerful Li-ion battery pack and sub-one hour charging. Our focus on connectivity as the ...