Lavina Tolani | Pixr8 News

19Jun By Lavina TolaniNo Comments

FUNDING

IndiQube raises $15 Mn Funding from WestBridge Capital

IndiQube, a workspace solutions provider has raised USD 15 million in its Series A funding round led by WestBridge Capital. The investment also witnessed participation of Ashish Gupta, co-founder of Helion Ventures. Notably, the funding marks the first external round for the company where the funds shall be used for company expansion to cities like Mumbai and Chennai, increasing its workforce and brand creation, informed the founders, Rishi Das and Meghna Agarwal. Rishi Das, further added We already have about 15,000 seats operational, which will be increased to 25,000 by the end of the fiscal. By then, we will also expand to Pune and Hyderabad. We are also looking at setting up presence in Mumbai and Chennai. IndiQube currently in-houses 1.4 million sq ft of workspace and has some...

Trump threatens China of additional $200 bn Tariffs on Goods

19Jun By Lavina TolaniNo Comments

USA

Trump threatens China of additional $200 bn Tariffs on Goods

While the US-China Trade battle is heating over every day, President Donald Trump on Monday has threatened to impose tariffs on an additional $200 bn of Chinese goods amidst growing conflicts. The White House has said that if China is found going against its promise to retaliate against US tariffs announced last week, US will impose additional tariffs of worth 200 bn dollars on Chinese goods. In a statement that released Monday morning, Trump said, Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States. He also said that China has no intention of altering its unfair trade practices and is now threatening US companies workers and farmers who have done...

Sandeep Bakhshi appointed as ICICI Bank’s COO, Chanda Kochhar goes on Leave

19Jun By Lavina TolaniNo Comments

News

Sandeep Bakhshi appointed as ICICI Bank’s COO, Chanda Kochhar goes on Leave

India's second largest private bank, ICICI has appointed ICICI Prudential Life Insurance CEO Sandeep Bakhshi as whole-time director and chief operating officer (COO). Meanwhile, Bank’s managing director Chanda Kochhar who is facing conflict-of-interest allegations will remain on leave until a committee investigating allegations of impropriety completes its work. The ICICI Bank board, in its meeting held on Monday, has appointed Bakshi for a period of five years. In addition, the top-level reshuffle at the bank, executive director N.S Kannan will be replacing Sandeep Bakshi as chief executive of ICICI Prudential Life Insurance company. The bank has also said that in its official statement that Bakshi will be reporting to Kochhar who will continue her role as MD and CEO of ICICI ban...

Ed Tech Platform Unacademy Eyeing To Raise $30 Mn

18Jun By Lavina TolaniNo Comments

FUNDING

Ed Tech Platform Unacademy Eyeing To Raise $30 Mn

Unacademy, the popular online learning technology platform is gearing up towards raising a series-C funding round of $25-30 million led by Sequoia Capital along with another clutch of investors. The investment round will bring company's valuation close to around $100 million. Pixr8 had earlier reported Unacademy raising an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with Nexus Venture Partners and Blume Ventures. The Bengaluru-based startup is now India’s largest educational platform, helped over 300,000 students prepare to crack competitive examinations through over 2,400 online lessons, and specialized courses. It has an impressive board of educators on board ranging from influencers like Dr Kiran Bedi to teachers in smaller town...

Top Ecommerce Companies of India After Flipkart Acquisition

18Jun By Lavina TolaniNo Comments

Story

Top Ecommerce Companies of India After Flipkart Acquisition

India's technology industry is bracing itself for the next era of e-commerce warfare, especially after the mega Walmart-Flipkart deal has come into play. While the acquisition has returned a lot of liquidity in the ecosystem, it has also sparked off a maiden opportunity for new entrepreneurs and investors, adding to the wait for the $100 Bn Indian internet giant to go on. So With Flipkart's already gone to American giant Walmart, which companies should be considered next players to make it big within e-commerce landscape? Well, there are some prominent names that have it in them to create "the Flipkart wave" back again. The names in the list have been chosen because these companies are based in India founded by Indian entrepreneurs. Additionally, their majority stakes are also held by...

Girnar Food Drags Big Basket to Court Over Trademark Violation

18Jun By Lavina TolaniNo Comments

BUSINESS

Girnar Food Drags Big Basket to Court Over Trademark Violation

Grocery Startup Big Basket has been dragged to court over trademark violations claimed by Mumbai-based tea maker Girnar Food and Beverages Pvt Ltd. Girnar food has approached the court against two registered operating agencies - SuperMarket Grocery Supplies Pvt. Ltd, the B2B business entity that sources products and sells it to Innovative Retail, which runs the online grocery portal. The Teamaker has alleged that Big basket has infringed its ‘Royal’ trademark for selling various products including tea. According to sources , BigBasket is selling several products under the Royal brand, which includes grains, spices, honey and sugar. But Girnar has raised an objection to the e-commerce start-up selling tea under the Royal brand. Reportedly, Girnar had approached the court on 7 March ...

This Middle East Country is Giving Free Transit Visa For Two Days to Passengers!

18Jun By Lavina TolaniNo Comments

MIDDLE EAST, News

This Middle East Country is Giving Free Transit Visa For Two Days to Passengers!

Foreign residents flying between India and Dubai have a good news for them! The UAE government has announced to grant free transit visas for first 48 hours to transit passengers. Additionally, the visa can be extended for up to 96 hours by paying 50 Dirham (about Rs 930). Though the confirmed date for the service to kickstart has not been announced, it is likely to be declared officially in a few days as per travel industry majors. India- The No. 1 Tourist Source for UAE According to Dubai Tourism Department, India is the leading international tourist source for Dubai with about 1.8 crore Indians travelling to UAE every year. Moreover, about a quarter travel to and fro from India happens on mega UAE flights like Etihad, flyDubai, Emirates. The decision to grant free 48-ho...

18Jun By Lavina TolaniNo Comments

FUNDING

Recommerce Platform Cashify raises Funding, pacts with China’s AiHuiShou

Cashify, a Gurugram based online marketplace for used smartphones has partnered with Chinese recommerce firm AiHuiShou as a strategic investor and partner in order to reinforce its international expansion. Though the actual financial details of the deal have not been disclosed by the company, sources have cited that the collaboration is a part of the latest funding round for Cashify. While the partnership will help Cashify leverage AiHuiShiu's technology, it will also help to bring operational efficiencies in its business as the platform is eyeing to expand across international markets like the Middle East and Indonesia by next year. Cashify is backed by Blume Ventures and Shunwei Capital and works with many offline as well as online channels including Amazon and Flipkart. &nbs...

15Jun By Lavina TolaniNo Comments

News

M&M Luxury Brand To Launch $2 million limited edition car by 2020

The world's maiden luxury carmaker owned by Mahindra and Mahindra Ltd, Automobili Pininfarina, is all set to launch its limited edition first car at $2 million (₹13.4 crore) towards the end of 2020. The firm will likely introduce two more products aligning with the needs of a wider audience. Pawan Goenka, managing director, M&M said,"This is a way to introduce Pininfarina as a brand and create a brand halo, and follow a top-down approach." Automobili Pininfarina is a unit of Pininfarina SpA owned by Anand Mahindra led Mahindra and Mahindra Ltd. The move will grant Mahindra its long-awaited desire to incorporate luxury car brand under its portfolio. Interestingly, Mahindra has bid for various luxury brands in past including Aston Martin, Volvo and Jaguar Land Rover among others....

14Jun By Lavina TolaniNo Comments

News

Twitter App Update: Now Get Highlights on Big Events, News stories

Social media giant Twitter is revamping its service to give more space to events such as World cup, earthquakes, royal weddings and elections, a move dedicated at making it a lot easier for users to find interesting tweets. Notably, Twitter has made efforts to stand out with advertisers and users alike by pushing live events and instant news as compared to social networks like Facebook that has made news a lower priority over friends and family posts. Now Get Push Notifications For Events on Twitter San Francisco based company has informed that it would now send notifications to users in its apps for events while promoting them at its dedicated Twitter's search page. The prompt will appear right at the top of Twitter's timeline, the very first thing that users will get to...

Bharti Airtel, Reliance Jio or Vodafone: Who will win the Telecom Battle over FIFA World Cup?

14Jun By Lavina TolaniNo Comments

BUSINESS

Bharti Airtel, Reliance Jio or Vodafone: Who will win the Telecom Battle over FIFA World Cup?

While the most awaited sporting event in the world, FIFA World Cup is going live today, it has sparked a new telecom battle for mobile operators Bharti Airtel, Reliance Jio Infocomm and Vodafone India trying to outdo each other to get a share of more than 100 million viewers. Airtel subscribers can view the live broadcast of the month-long tournament in various local languages besides English and Hindi on Airtel TV. Additionally, to beat the Reliance Jio game, Aitel is even providing a sneak peek into exclusive behind-the-scenes match snippets along with match previews/reviews. Meanwhile, Mukesh Ambani led Jio is providing coverage to football matches live on Jio TV at no additional subscription charges. The telecom is also broadcasting India-Afghanistan test match starting on Thursd...

14Jun By Lavina TolaniNo Comments

FUNDING

Mutual Fund Marketplace Nivesh.com raises Rs 3 Cr Seed Funding

Nivesh.com, a mutual fund marketplace has raised a seed funding of Rs. 3 crore through LetsVenture along with Google India MD Rajan Ananadan, former Infosys Head Sales Basab Pradhan and others. The startup has customers across 200 cities and partners over 15 cities and is backed by a clutch of prominent investors that include Debasish Hota, CEO at CompuGain Corporation, Vivek Khare, Advisor Corporate Development at Naukri.com, Windorse Capital and LetsVenture LLC. Anurag Garg, CEO and founder at Nivesh.com said, This investment further cements our belief in the business model. We are witnessing extremely good response from our target audience and working on expanding our geographical footprints. While enriching the user experience, we will also look at strengthening our distribution...