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27Nov By PriyankaNo Comments

FUNDING

Sachin Tendulkar Backed Gaming Startup Smaaash Raises Funding

Cricket master-blaster Sachin Tendulkar backed virtual reality gaming startup Smaaash has raised $3.8 million funding from VC firm Sixth Sense Ventures. Mumbai based investor firm has invested this money which is the part of a larger round spread over by the next week. Post these rounds, the gaming startup is expected to reach a valuation of around a hundred million US dollars. “I believe SMAAASH will have an extremely interesting journey, being an entertainment player with a compelling product proposition and a futuristic global gaming play,” said Nikhil Vora, VC firm head. Vora has joined the company’s board of directors as part of the transaction. Also Recommended Bitcoin Soon To Embark $10,000 Cryptocurrency Craze Increases Elon Musk In His Bet, Built The Bi...

25Nov By PriyankaNo Comments

FUNDING

IoT And SaaS Startup TempoGo Raises Fresh Funding

IoT (Internet of Things) and SaaS (Software as a Service) startup TempoGo has recently raised a funding of $250K from Javelin Startup-O Victory Fund. TempoGo also raised an additional funding from Dubai based NB Ventures, a $50 million fund whose Indian investments include logistics startup LetsTransport and fitness app HealthifyMe. This round makes the total funding raised to $1.35 million. TempoGo raised the funding after winning an international startup competition held by Singapore based investment platform Startup-O. Earlier this year, Carryage Technologies Pvt. Ltd, which runs TempoGO, had raised Rs 5.6 crore ($825,000 then) led by Hong Kong-based K2 Investments. The round also saw participation from other investment bankers. “TempoGO has been revenue-positive since incepti...

21Nov By PriyankaNo Comments

FUNDING

Bike Taxi App Raises Fresh Funding From Skycatcher, Others

[dropcap]H[/dropcap]yderabad based Bike taxi operator Rapido, run by Roppen Transportation Services Pvt Ltd has received a funding of Rs 2.14 crore (around $329K) in a fresh round of funding from US Based Skycatcher Fund and UK-based Thompson Taraz Managers, Aravind Sanka, co-founder at Rapido told a financial daily. The bike taxi startup will be utilizing its funds to expand its geographical presence in the country, and strengthen its team. Rapido had earlier raised a funding of $422K in a round led by US based Battery Road Digital Holdings LLC. The round saw participation from its existing investor Astarc Ventures and an undisclosed Indian technology fund as per the reports by VCCircle. Also Recommended 100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun ...

Google India’s Sales Hits Billion Dollar This Year

18Nov By PriyankaNo Comments

BUSINESS

Google India’s Sales Hits Billion Dollar This Year

[dropcap]G[/dropcap]oogle India has crossed $1.11 billion dollar sales mark (turnover of Rs 7,208.9 crore) in the year March, 2017. These figures shows a jump of over 22.1% from the previous year's Rs 5,904 crore. Sales has witnessed an expansion of 44% this fiscal as per the report by TOI. Although the local business of Google India grew at half-a-pace this year in comparison to the last. It's rival Facebook however nearly doubled its revenues in the country indicating preference by marketers to advertise on platforms other than Google. Google also provides other Internet related services in India such as cloud based computing, digital payments etc. but the major revenue comes from its adverting sector where it displays ads next to the search results. Although in various sect...

Tesla Unveils The New Fastest Production Car Ever Made

17Nov By PriyankaNo Comments

News

Tesla Unveils The New Fastest Production Car Ever Made

Tesla promised a surprise during the unveiling event of Tesla Semi; and man people dropped their jaw! Tesla unveiled the second-generation Roadster, the fastest production car that has been ever made. Describing it as a "smackdown" to the fossil-fuel depleting automobile industry, he created a beast with speeds of just 1.9 seconds for 0 to 60mph 4.2 seconds for 0 to 100mph, and will handle a quarter mile in 8.9 seconds. Just as the crowd thought that Tesla was done for the day, a beam of red light zipped over the stage, the second generation Tesla Roadster shined in the dark. “It’ll be faster than that jet over there,” Musk quipped, as an airplane soared over the exultant crowd crammed into Tesla’s Hawthorne, California facility. Although the top speed was not revealed...

16Nov By PriyankaNo Comments

FUNDING

Delhi Based WiFi Analytics Startup i2e1 Raises Series-A Funding

Delhi based Wifi analytics startup i2e1 (Information to Everyone) raised a Series-A funding of $3 million from philanthropic investment firm Omidyar Network on Wednesday. The round also saw participation from US-based Auxano Ventures, early stage investment firm 3one4 Capital and some of its existing investors. The fresh funds will be used to scale up the existing operations and launch a mobile application. “Using data collected from user sign-ins at brick and mortar establishments, i2e1 creates an analytics intelligence suite similar to Google Analytics, tailored for offline businesses. This strengthens defensibility for offline retailers in comparison to their online counterparts who collate real-time intelligence on their users,” the statement said. Also Recommended Are ...

Amazon Infuses ‘The Biggest’ Investment Of 2900 Cr

15Nov By PriyankaNo Comments

News

Amazon Infuses ‘The Biggest’ Investment Of 2900 Cr

E-commerce giant Amazon has recently infused another sum of Rs 2,900 crore in its Amazon Seller Services, marking it a single-biggest infusion in its Indian arm, in comparison to Flipkart's raise of total $4 billion. In this fiscal, Amazon has infused a total of $1 billion into its Amazon Seller Services (India). Earlier in September, Amazon India received a funding of Rs 1620 crore, and then a Rs 1680 crore fund in June. “As India’s largest and fastest-growing ecommerce player, and with a long-term commitment to make ecommerce a habit for Indian customers, we continue to invest in the necessary technology and infrastructure to grow the entire ecosystem. We are delighted and humbled by the trust from our customers, to lead in India on things that matter to our customers in over four ...

Ecommerce Giant Alibaba Sees India As ‘Very Important’

13Nov By PriyankaNo Comments

News

Ecommerce Giant Alibaba Sees India As ‘Very Important’

[dropcap]C[/dropcap]hinese e-commerce giant Alibaba's CEO Daniel Zhang said that their company sees India as a "very important" market, on occasion of the 11/11 Global Shopping Festival. “Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to look at,” said Daniel Zhang. “Before entering any new market, we ask ourselves how we can help the local market. For a market like India, the key aspect of our strategy is to help the local enterprises grow,” he added. It's biggest bet in India, which costed them an investment of $1.4 billion in the payments wallet, is something the company is "happy" about. Also Recommended Uber Locks On Multibillion Dollar Deal With Japanese SoftBan...

Paytm To Acquire Little, Nearbuy For $30M

13Nov By PriyankaNo Comments

ACQUISITION

Paytm To Acquire Little, Nearbuy For $30M

One97 Communications owned Paytm is set to acquire two of the most funded deals site- Nearbuy (former Groupon India) and Little for a sum of $30 million TOI reported. SAIF Partners and Singapore's GIC backed Little Internet and Nearbuy, who had together raised more than $80 million capital will be sold for $30 million only, in a cash and stock transaction. Little Internet, which runs the Little app, had in 2015 racked up $50 million and later got on board GIC. Paytm and GIC are its significant shareholders after Tiger Global sold out from the company. While Gurgaon based Nearbuy, which broke off from its parent Groupon India in 2015, had scooped up a $20-million cheque from Sequoia Capital at the time. Also Recommended Uber Locks On Multibillion Dollar Deal With Japanese So...

9Nov By PriyankaNo Comments

FUNDING

Big Data Startup Qubole Raised $25M Funding

Santa Clara based big-data and analytics startup Qubole has raised a funding of $25 million from Singtel Innov8 and Harmony Partners on Thursday. The round also saw participation from its existing investors Charles River Ventures, Lightspeed Venture Partners, Norwest Venture Partners and Institutional Venture Partners who also infused in the funding, making it to a total of $75 million. The funds will be utilised to expand its operations in Asia-Pacific region, superheaded from its sales office in Singapore led by co-founder and CTO Joydeep Sen Sarma. “There is a significant opportunity for big data in the Asia Pacific region. Qubole makes it easy for enterprises to access best-in-class analytics for quicker, more accurate decision making in a cost-efficient way. We are excited to p...

8Nov By PriyankaNo Comments

FUNDING

Agri-Logistics Startup FarmLink Raisses $3M Funding

[dropcap]M[/dropcap]umbai based agri-tech platform FarmLink Agri Distribution and Market Linkage Pvt Ltd has recently raised a sum of $3 million from the Indian arms of Pioneering Ventures, Swiss incubator/investment firm and agrochemicals company Syngenta AG. Incubated at Pioneering Ventures itself, the startup provides end-to-end logistics solutions for the supply of fruits and vegetables. The fresh funds will be used to expand its reach and penetration and strengthen its technology and analytics capabilities in the supply chain segment. “FarmLink’s focus is to develop India’s underserved regions. It is associated with more than 700 farmers to improve the quality and quantity of their produce. The company intends to reduce agricultural waste by streamlining the value chain to less th...

6Nov By PriyankaNo Comments

FUNDING

Fintech Startup Kissht Raises Funding From China’s Fosun International

China based Fosun International has led a $10 million round of funding in Mumbai-based Kissht, an online lending startup owned by OnEMi Technology Solutions Pvt Ltd. The round, which was closed last week also saw participation from Kissht's existing backers, early-stage venture capital firms, Ventureast and Endiya Partners, according to the sources cited by Economic Times. The fresh equity funds will be used to expand its geographic presence, across India, fortify its data science capabilities and build its engineering and analytics team quoted source. The company plans to get "deeper" in tier II and tier III cities of the country. Also Read Indian Paper Packaging Segment Can Get A Lot From Ecommerce App Developer Access To iPhone X Face Data Spooks Some Privacy E...