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Flipkart buys stake in MapmyIndia to improve delivery operations

3Dec By AnkitaNo Comments

News

Flipkart buys stake in MapmyIndia to improve delivery operations

India’s largest e-commerce firm Flipkart has bought a minority stake in digital maps provider MapmyIndia to improve its supply chain efficiency. The companies didn’t disclose the financial details of the deal. Flipkart will license map data and location technologies from MapmyIndia (promoted by CE Info Systems Pvt. Ltd) and deploy location intelligence capabilities across its logistics network to strengthen its delivery operations. Flipkart plans to introduce services such as real-time shipment tracking and theft minimization. “With this strategic investment, we are taking another concrete step toward transforming the supply chain ecosystem in India, making technology and information the driver of our supply chain and logistics solutions,” Flipkart chief operating officer Binn...

28Nov By AnkitaNo Comments

FUNDING

Bangalore Based Home Services Start-up Bro4u Raised Angel Funding; Plans to Expand Into Other Cities

Bro4u.com, Bangalore-based home service market place, have raised undisclosed funds from Sargod Ventures led by Alok Sargod. Bro4u is an 8-month-old hyper-local home services app which promises seven minutes turnaround for users, which is the quickest compared to any competitors available in this expertise. Read Also: How Akshay turned ‘Bhaiya chutta nahi hai’ into bro4u.com Pramod Hegde, CEO & Co-Founder of Bro4u, said that their latest funding would be used to strengthen their position in home ground Bangalore. He also confirmed that they are in talks with Venture Capitalists to move into next level by expanding the services to Hyderabad and Pune market. Pramod believes that there is no clear leader in this segment yet, and anyone who has a right will come out as a market leade...

Ola ropes in ex Infosys CFO Rajiv Bansal to head finance

26Nov By AnkitaNo Comments

News

Ola ropes in ex Infosys CFO Rajiv Bansal to head finance

Taxi aggregator Ola today said it has appointed former Infosys Chief Financial Officer Rajiv Bansal to head finance operations as part of its expansion drive in the country. Bansal, who announced his resignation from the country's second largest software services firm in October this year, will join the Softbank-backed Ola in January 2016. "Rajiv brings close to 21 years of experience in finance with over 16 years at Infosys, where he was the CFO and recently transitioned to being an advisor to the CEO. Rajiv will be part of Ola's core leadership team," Ola said in a statement. Mitesh Shah, who is currently the CFO, will lead strategic finance initiatives as part of Bansal's team, it added. "We are thrilled to welcome Rajiv on board. He brings with him a wealth of experien...

MyLeastPrice launches new online price comparison website offering lucrative Cashback on every purchase

25Nov By AnkitaNo Comments

Story

MyLeastPrice launches new online price comparison website offering lucrative Cashback on every purchase

MyLeastPrice, an online search and price comparison website has launched their operations in India. With over 1.5 Crore products from all the leading online stores, MyLeastPrice is a surprisingly easy to use search engine that helps its user find the best prices and deals on products available online. Moreover, they offering lucrative Cashback on every purchase made through their website. MyLeastPrice is a young company started by a group of Indore based IT enthusiasts. The goal of the company is to provide quick and unbiased information about all the products available on different online stores, and set themselves as the most trusted and efficient destination to help buyers make their purchase decision. Where most of the websites are offering Reward Points, their Cashback feature make...

AllChinaTech exposes Alibaba’s fake $14B Single’s Day sales success

22Nov By AnkitaNo Comments

News

AllChinaTech exposes Alibaba’s fake $14B Single’s Day sales success

Alibaba performed insanely well during its Singles Day shopping festival on November 11th bringing in RMB 92.1 billion (USD 14 billion) in sales revenue. Despite this, Alibaba’s stock price dropped from 81.43 on November 10th to 75.85 on November 15th. Why didn’t remarkable sales performance equate with a boost in stock price? AllChinaTech offers some quick answers. I. Stock price reflects expectations for a company, not necessarily past performance. The past few years have seen Alibaba experience strong growth, but the company is in need of something exciting to prove it can continue the momentum. It was reported last Friday, leading hedge fund manager, James Chanos, suggested shorting Alibaba stock and pitching long on competitor JD.com at a Morgan Stanley conference. Al...

After relaunch in India, Nestle sells 3.3 crore packs of Maggi noodles in 10 days

21Nov By AnkitaNo Comments

News

After relaunch in India, Nestle sells 3.3 crore packs of Maggi noodles in 10 days

Nestle India, one of the largest FMCG companies in India, has so far sold 3.3 crore packs of its instant noodles Maggi in 350 towns across the India since the re-launch of the product last week. The company is selling Maggi at 1.2 lakh outlets through 724 distributors. The company had re-launched Maggi noodles in the market on November 9, after fulfilling conditions set by Bombay High Court which lifted ban imposed by FSSAI and Maharashtra FDA. MAGGI Noodles is presently being manufactured at three locations, at Nanjangud (Karnataka), Moga (Punjab) and Bicholim (Goa). For the other two locations at Tahliwal and Pantnagar, the company is engaging with the relevant authorities to obtain directions to commence manufacture. On the financial implications of the ban on Maggi, th...

This Newcastle Based Startup Neatly Changed Data Management process!!!

19Nov By AnkitaNo Comments

Story

This Newcastle Based Startup Neatly Changed Data Management process!!!

A couple of years ago a lot of our clients made the change and moved all of their systems from the traditional hardware to the cloud. This was great and opened up a new world for them in terms of functionality and cost, however, it also presented its own challenges. One of these was that there was no longer a central location for all of their data, and they were having to search for different metrics and update internal spreadsheets! So, we decided that it would be great if there was a platform which connected them all together, so that a business could get an overview of their metrics at any time and from any device. And so https://neatly.io was born. We decided on the name ‘neatly’ as the key here was to avoid the use of spreadsheets and manage your data easily and neatly! ...

For Indian Local Food Discovery, Try Talking Street a Nasscom Integrated Startup

7Nov By AnkitaNo Comments

Story

For Indian Local Food Discovery, Try Talking Street a Nasscom Integrated Startup

Ever wondered where to go for the best Chowpatty-like Pav Bhaji in a particular city, or where to find Delhi-style chaat when you are craving for it, or wanted to eat at an authentic local joint when traveling? The idea behind Talking Street is to help people discover popular, local food and distinct local joints when in any city in India, including street food, hole-in-the-wall eateries, unique cafes etc., which aren’t traditionally a part of popular restaurant & dining discovery platforms. Talking Street is, thus, a local food discovery platform. While existing players in the food discovery domain help people find restaurants based on cuisine, dishes & location (filtered by reviews, ratings), Talking Street helps people discover food which is difficult to locate on these p...

Facebook now makes 78 percent of its ad revenue on mobile

5Nov By AnkitaNo Comments

News

Facebook now makes 78 percent of its ad revenue on mobile

It wasn’t that many years ago that Facebook had its aha moment — when it realized that mobile was the way forward for advertising. Flash forward to today, and mobile advertising makes up 78 percent of the social network’s total advertising revenue. Advertising makes up almost all of Facebook’s income. The mobile advertising revenue represents a 73 percent uptick from last year’s third quarter. However, revenue from ads served on personal computers was down 7 percent from last year. COO Sheryl Sandberg said Facebook’s three main goals in terms of its advertising business include capitalizing on the shift to mobile, growing the number of marketers using the Facebook platform, and finding new ways to make ads more relevant to users. Sandberg said the average adult in the U.S. ...

Craze of using Fitness apps rises in China

31Oct By AnkitaNo Comments

News

Craze of using Fitness apps rises in China

Every year brings a new exercise fad, but a new technological trend appears to be changing the very way people are approaching fitness. Smartphone apps and the smart wear that goes with them allow users to monitor their every action and share them online. Lacing up and hitting the track is a time-tested way to keep fit. But now, there's something new, with smartphone apps promising to change exercise forever. Feifei here has always been into fitness, but the new wave of apps, she says, are taking things to a new level. "For me, apps make things a lot easier. I can calculate my distance, calories, and how much I work out. It also gives me something to post on social media," said Yan Feifei, a running enthusiast. Sharing results online is a key part of the new app movement...

Hackers broke into nearly 2,000 Vodafone UK customer accounts

31Oct By AnkitaNo Comments

News

Hackers broke into nearly 2,000 Vodafone UK customer accounts

LONDON- Vodafone UK said on Saturday hackers had accessed the accounts of 1,827 of its customers this week, the second cyber attack on a British telecoms company this month. The attackers had potentially gained access to the victims' bank sort codes and the last four numbers of their bank accounts, along with their names and mobile telephone numbers, a Vodafone spokesman said. "This incident was driven by criminals using email addresses and passwords acquired from an unknown source external to Vodafone," he added in a statement. (more…)

98% people like the convenience of door step delivery of the medicines: PHD CHAMBER & 1MG.COM Report

29Oct By AnkitaNo Comments

News

98% people like the convenience of door step delivery of the medicines: PHD CHAMBER & 1MG.COM Report

In a joint survey conducted by India's PHD Chamber of Commerce and Industry and 1mg Technologies on challenges faced by consumers while buying medicines from Pharmacies, it has been stressed that an overwhelming majority of patients seek more convenient ways to get their medicine. They face problems of visiting multiple pharmacies to get all their medicines and also notice price difference across pharmacies for the same drug. (more…)