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Home Rental Startup ZiffyHomes Acquires FellaHomes

15Feb By PriyankaNo Comments

ACQUISITION

Home Rental Startup ZiffyHomes Acquires FellaHomes

Delhi based home rental solution provider ZiffyHomes, operated by Ziffy Technologies Pvt. Ltd, has acquired FellaHomes for an all-cash and equity deal. However, the amount has not yet been disclosed. Ziffy said in a statement that the acquisition was in line with its expansion strategy. After this acquisition, it would now become one of the largest aggregators of exclusive rental properties in Delhi-NCR. “Both Fella and Ziffy have been trying to solve the same problem in the same market while working with same partners, vendors, and customers in the ecosystem. So, we realised that our common mission can be faster accomplished if we join hands and combine our strengths,” said Digendra Singh Rathore, CEO & Co-Founder at FellaHomes. After this acquisition, the founder of FellaHom...

Online Coding Startup HackerRank Raises $30M in Series C Round

15Feb By PriyankaNo Comments

FUNDING

Online Coding Startup HackerRank Raises $30M in Series C Round

Technical talent evaluation and online coding challenge community HackerRank announced on Tuesday that it has secured $30 million in a Series C round of funding led by JMI Equity, a growth equity firm focused on investing in leading software companies. In addition to that, Suken Vakil, General Partner at JMI Equity, has joined HackerRank's Board of Directors. The round also saw participation from its existing investors, including Khosla Ventures, Battery Ventures, Randstad Innovation Fund, and Chartline Capital Partners, that added to the fund making it to $58.2 million. The company said in a press release that it will be using the infused funding to "accelerate its growth in the enterprise, expand and support its thriving and rapidly growing community of more than 3.4 million develo...

Dubai Based E-commerce Platform ‘Mumzworld’ Raises its Largest Ever Funding

12Feb By PriyankaNo Comments

MIDDLE EAST

Dubai Based E-commerce Platform ‘Mumzworld’ Raises its Largest Ever Funding

MENA (Middle East North Africa) based Mumzworld, an e-commerce platform dedicated to mothers, babies and children has recently raised its fifth and largest round of funding. The fresh funding will be utilized to implement its regional growth plans. The funding round was led by Swicorp, an investment banking firm that offers corporate finance advisory services focusing on MENA and Wamda, MENA's leading venture firm investing in startups. Apart from them, the round also saw participation from Tamer Group and FMCG company. Existing investors of Mumzworld include- Wamda, WSB Holding, Precinct Capital, Riverbank Technologies and Saned. The e-commerce startup has also seen some quick funds from prominent Saudi groups operating in adjacent segments. The mother and childcare e-commerce po...

Walmart Interested In Investing in Indian E-commerce Giant Flipkart

9Feb By PriyankaNo Comments

News

Walmart Interested In Investing in Indian E-commerce Giant Flipkart

American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores- Walmart is actively looking to invest in Indian e-commerce giant Flipkart and is willing to pay billions for as much as 20 percent stake. Walmart is the world's biggest retailer and if it invested in the Indian unicorn, it is expected that it may increase Flipkart's valuation to as much as $20 billion, which as per the researcher CB Insights is currently $12 billion. It is also mentioned by the source Bloomberg that the talks are in advanced stage, but the terms could still change and the deal may not be finalized. “Walmart will make Flipkart a stronger rival to Amazon,” said Arvind Singhal, chairman of the New Delhi-based retail consultancy Technopak Advi...

WhatsApp To Launch Group Video Calls, Tests Feature

7Feb By PriyankaNo Comments

Tech

WhatsApp To Launch Group Video Calls, Tests Feature

Facebook owned messaging service WhatsApp has been spotted testing its Group Video call feature, as it gears up to add many feature in its application. As per some reports, WhatsApp Group Video call may allow a user to add as many as 3 members in the group chat. Currently, WhatsApp allows video calls with only one person at a time. Generally, its users have been using Facebook's Messenger, Hangouts or Skype to video call with their friends group. This is one of the most awaited updates in WhatsApp's history after it introduced WhatsApp Call. Facebook has already added support for group video calls, not so long ago, hence making the move more obvious. However, you can add as many people in a Facebook Group Video Call, but same may not imply on WhatsApp. This development was first repo...

Ola Shutting Down its Bus Unit ‘Shuttle’

7Feb By PriyankaNo Comments

News

Ola Shutting Down its Bus Unit ‘Shuttle’

Indian cab aggregator Ola has announced that it is shutting down its bus unit Ola Shuttle, as a part of a "re-balancing" of its mobility portfolio, reported Economic Times. Ola's Shuttle bus service will now be terminated in cities of Delhi-NCR, Mumbai, Kolkata,Hyderabad and Chennai. The news is surprising as the SoftBank backed Ola on the other hand has raised massive amount of funding which could have sufficed if it wanted to keep the engine running. Ola is also focusing on global expansion, starting from Australia. Ola had sent notifications to their customers in the above stated cities, informing them that the Ola Shuttle services will no longer be available starting February 3. The drivers were instructed to return their smartphones, GPS Devices and cameras later by the week ...

31Jan By PriyankaNo Comments

News

Jio has not Launched Any JioCoin App

Mumbai, 31st January 2018: Reliance Jio has come across reports in media and other websites about the existence of purported JioCoin Apps on the Internet that are soliciting investments in crypto currencies from people. Reliance Jio in its press release to Pixr8 mentioned that there are no such apps offered by the company or its affiliates / associates. Any such apps using the JioCoin name are fake and people are advised to refrain from dealing with any of them. Reliance Jio takes a serious note of such fraudulent attempts by unscrupulous persons to misguide the public in the name of Jio and reserves the right to take appropriate legal recourse. About Reliance Jio Infocomm Limited: Reliance Jio Infocomm Limited (“Jio”), a subsidiary of Reliance Industries Limited (“RIL”), has bui...

IPL Auction Update: Stokes, Starc get Huge Bids, Gayle Goes Unsold

27Jan By PriyankaNo Comments

News

IPL Auction Update: Stokes, Starc get Huge Bids, Gayle Goes Unsold

Controversial England all-rounder Ben Stokes expectedly triggered a bidding war before going to Rajasthan Royals for Rs 12.50 crore but West Indian swashbuckler Chris Gayle went unsold after the opening round of the IPL auctions, here today. Gayle, an established T20 player, surprisingly found no bidders despite being a big draw for around last seven seasons of the cash-rich league. Australia pacer Mitchell Starc was bought for Rs 9.40 crore by Kolkata Knight Riders (KKR) while Kings XI Punjab (KXIP) got lucky getting Ashwin for Rs 7.60 crore. It was another big pay day for Stokes, who was bought for Rs 14.5 crore by Rising Pune Supergiants during the last auctions, and proved to be a worthy buy with his all-round performances taking the team to the final. There were multip...

26Jan By PriyankaNo Comments

FUNDING

Axis Biosolutions Raises 47 Crore Funding From Ratan Tata & Others

Bengaluru based Axio Biosolutions has raised $7.4 million (about Rs 47 crore) in a Series-B funding round led by Ratan Tata's RNT Capital, Accel Partners and IDG Ventures India. The company will use the funds for geographical and product portfolio expansion. The medtech company that specialises in wound care also gave an exit with 7X returns to the company's first institutional investor, GVFL, an Ahmedabad-based venture capital firm. "We were focused on the Middle East and India but we will branch out now... get into Europe and the US. We are working on another product in wound care. We are also looking into the consumer segment... we want to introduce a product portfolio in that market. This will be both through channel tie ups and direct to consumer", said Axio Founder. Axio ...

Practo, ICICI Lombard Launches Health Insurance App For OPD Expenses

25Jan By PriyankaNo Comments

BUSINESS

Practo, ICICI Lombard Launches Health Insurance App For OPD Expenses

Private sector general insurance firm ICICI Lombard has partnered healthcare platform Practo to launch a health insurance app 'IL TakeCare' that takes cares of Outpatient (OPD) expenses of all its customers. "The app meets key customer requirements with respect to their primary healthcare needs. This includes hassle-free, real-time claim authentication of expenses such as doctor consultation, medical tests, pharmacy spends etc," ICICI Lombard General Insurance, MD, Bhargav Dasgupta said. It also empowers the user to access a cashless network comprising of specialised doctors, he said, adding that the app thus addresses a key problem of customers wherein they were hitherto required to pay for OPD expenses from their own pocket. "Today, we are also launching our Trinity technology t...

IIIT Hyderabad Seed Fund Invests in Rental Management Platform Paymatrix

24Jan By PriyankaNo Comments

FUNDING

IIIT Hyderabad Seed Fund Invests in Rental Management Platform Paymatrix

Property Rental management platform Paymatrix, which streamlines rent and deposit payments and collections by facilitating credit raised seed funding from IIITH. This Hyderabad-based end-to-end digital rent management platform becomes the first startup to be selected and supported by IIITH Seed Fund. Paymatrix enables tenant profiling, rental documentation, rent payment management and risk mitigation for thousands of tenants, landlords and property managers across India. The startup, established in November 2016 has since grown its customer presence into 14+ cities in India and has 4000+ registered tenants and landlords on its platform with more than Rs. 12 crores of rent processed till date. The startups value proposition starts with profiling the right tenant for a landlord u...

Amazon Open First Cashierless Shop For Public

22Jan By PriyankaNo Comments

News

Amazon Open First Cashierless Shop For Public

Online giant Amazon today opened world's first cashierless store in Seattle where hungry customers will be able to grab sandwiches and go, without having to wait in line or use a checkout. The American group unveiled the concept for its cashierless "Amazon Go" shop just over a year ago, saying the 170 square meters store would initially offer grocery products to its own employees before being opened to the public. Early testing however revealed bugs, leading to a delay. In a message yesterday on its website, Amazon said it had created "the world's most advanced shopping technology so you never have to wait in line." But if the rollout has taken some time, it's now ready to Go. People armed with the app are able to pick up items as they roam the store and place them directly in ...