Thursday, March 28

Author: Priyanka

Neymar Becomes The Most Expensive Footballer in the History
INSPIRATIONAL

Neymar Becomes The Most Expensive Footballer in the History

Neymar has hit the headlines hard for leaving Barcelona and signing with Paris Saint-Germain on Friday after his $263 million (£200 mn) record fee transfer, which is more than the double of the world record. PSG has officially signed the footballer for a 5-year playing contract, amounting to about £40 mn earnings per year. The £200 mn is only the initial outlay, Paris Saint-Germain will also have to pay the Brazilian-star that amount in wages over the 5 year contract, as well as hefty fees to his father who is his agent and insurance premiums to protect their investment. When asked whether the transfer was "money driven", Neymar said it was "sad" that people thought that his move from Barcelona had been motivated by money.   "What I say to these people is they don't know a...
WhatsApp Crossed Its 1 Billion Daily Users Milestone Globally
ANALYSIS

WhatsApp Crossed Its 1 Billion Daily Users Milestone Globally

Messaging app WhatsApp today said it has crossed the one-billion daily users milestone globally. "Just last year, we shared that one billion people around the world use WhatsApp every month. Today, we are excited and proud to share that one billion people around the world use WhatsApp every day to stay in touch with their family and friends," WhatsApp said in a statement. Its monthly user base -- people who use WhatsApp atleast once in a month -- stood at 1.3 billion. The Facebook-owned company said about 55 billion messages and 4.5 billion photos are shared every day globally on its platform. The app, which supports 60 languages, also sees 1 billion videos being shared on a daily basis. India is the largest market for WhatsApp with over 200 million monthly active users as of Febru...
Paytm Mall Revamps Seller Platform, Delists 85,000 Vendors, Focuses On Quality
News

Paytm Mall Revamps Seller Platform, Delists 85,000 Vendors, Focuses On Quality

Paytm Mall, the online retail arm of Paytm e-Commerce, has flushed out about 85,000 sellers that did not meet its new quality standards. According to Paytm, the move was part of its strategy to revamp its seller registration and on-boarding process to enhance its user experience on its platform. According to the company’s new policy, sellers will now have to mandatory furnish brand authorization letters before being able to sell their goods on the online platform. They will also have to submit their registration number, shop location and photos, and goods and services tax identification number in order to list their products on the platform, Paytm said. While the move comes a fortnight after the GST kicked in, Paytm maintains that the move to delists sellers is independent of the imp...
Online E-commerce Firm Infibeam Approved Share Split in The Ratio of 1:10
Market

Online E-commerce Firm Infibeam Approved Share Split in The Ratio of 1:10

The board of e-commerce firm Infibeam Incorporation today approved share split plan in the ratio of 1:10 that will make its scrip more affordable for the investors and increase market liquidity. The board also cleared amalgamation of CC Avenue with the company in which Infibeam has controlling stake. "The Board of Directors of the Company at its meeting held on Thursday July 13, 2017... has approved..split/sub- division of equity shares of the company from existing face value of Rs 10 per equity share to face value of Re 1 per equity share. Amalgamation of Avenue (India) Private Limited (CC Avenue) with the company," Infibeam said in a regulatory filing. The board also approved altering the capital clause of memorandum of association, in connection with the split of shares, setting ...
Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million
FUNDING

Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million

Jumbotail, an online marketplace for food and grocery, today said it has raised USD 8.5 million (over Rs 55 crore) from Kalaari Capital and existing investor, Nexus Venture Partners. The company plans to utilise the funds for strengthening its technology platform and enhancing operational capabilities, Jumbotail said in a statement. Jumbotail will also expand its team, but details of the same were not disclosed. Founded in November 2015, Jumbotail serves thousands of wholesale customers such as kirana stores and HORECA (hotel/restaurant/cafe) businesses in Bengaluru. The Bengaluru-headquartered firm has previously received a funding of USD 2 million from NVP. Jumbotail provides services including storefront delivery and payments collection for its sellers as well as working ...
Datamatics Acquires TechJini, a Boutique Mobile and Web Application Development Company
ACQUISITION

Datamatics Acquires TechJini, a Boutique Mobile and Web Application Development Company

Datamatics Global Services Ltd. signed a definitive agreement to acquire a controlling stake in TechJini, a boutique mobile and web application development company, headquartered in Bangalore. The objective of this acquisition is to further strengthen Datamatics' mobility offerings through TechJini's range of smart technology solutions. TechJini is a leading software services company with a presence in the U.S., and has a specialized focus on digital experiences and mobile-based web application development and maintenance services. With 250 employees, TechJini caters to over 35 companies across business verticals such as media, engineering, manufacturing and start-ups. TechJini is one of the first 13 companies in the world to be certified under the Google Developer Agency Program. Sp...
In-Video Discovery Pioneer Tagos Announces $5 Million in Series A Funding
FUNDING

In-Video Discovery Pioneer Tagos Announces $5 Million in Series A Funding

Tagos, the leader in AI-driven In-Video discovery today announced a USD 5 million Series A funding with participation from a leading venture capital fund and two large global corporations. The company will use the capital to build upon its early success and market traction. Through this expansion, Tagos expects to demonstrate growth, product innovation, enhance its user community and expand its team. Tagos’ pioneering In-Video platform, Charmboard makes video become a two-way experience, by making it respond to touch. Every touch is bookmarked, deeply categorized and persists outside the video and creates new value for content owners, publishers and viewers. “We have been one of earliest practitioners of computer vision and machine learning at Tagos and between our revolutionary pro...