Priyanka | Pixr8 News

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

6Jul By PriyankaNo Comments

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

3Jul By PriyankaNo Comments

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...

30Jun By PriyankaNo Comments

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...

FreeCharge Crosses 500 Million Transactions

28Jun By PriyankaNo Comments

News

FreeCharge Crosses 500 Million Transactions

Bangalore, Karnataka, India- Amidst increasing digital payments preference and awareness amongst consumers, FreeCharge today announced that the number of transactions on its platform has crossed 500 million, with the value of these transactions exceeding USD 1.2 billion. Mobile recharges remain the biggest component of the transactions done on FreeCharge. Apart from recharges, nearly 20% of the wallet transactions happening on the platform are on one of the company’s online merchant partners. This is closely followed by offline partnerships wherein Fuel and Food are the top two categories driving adoption and transaction. The company also recently announced the launch of coupons on its e-wallet to enhance user engagement, where users can benefit from every recharge and ...

Food Startup Authenticook Raises 1.45 Cr From Booking.com

28Jun By PriyankaNo Comments

FUNDING

Food Startup Authenticook Raises 1.45 Cr From Booking.com

Mumbai based food startup Authenticook raises grant of Rs 1.45 crore (200,000 euros) from Booking.com. The funding will be use to increase the number of cities covered by four-times to up to 40 by end of 2018. "We are present in nine cities now and expect to increase this to 35-40 by the end of 2018," the city-based startups co-founder Ameya Deshpande told Pixr8. He said the company plans to break-even in 2019 and is looking to get a Series A funding sometime next year. By the end of 2019, the company that helps people eat traditional home food with local families, aims to be present in 75 cities, he said. It won a grant of 200,000 euros in a contest run by the worlds largest hotel aggregator Booking.com, for which 700 startups from across the world had applied for. Deshpande sa...

27Jun By PriyankaNo Comments

FUNDING

Cold Press Juice Brand Raw Pressery is Looking to Raise $10 million

Cold press juice brand Raw Pressery is looking at raising USD 10 million in fresh funding over the next three months to fuel its expansion plans, a top company official has said. "Over the next three months, we should be closing another round of funding. We are planning to raise around USD 10 million," Raw Pressery founder and managing director Anuj Rakyan told Pixr8. Started in 2013, the company has managed to get funding of over USD 10 million so far from investors like Sequoia Capital, Saama Capital Management and DSG Consumer Partners, among others. The city-based beverages firm that also makes smoothies and soups is planning to set up a manufacturing unit in Nashik next year, which will enhance its capacity by four times. "Next year we can look forward to a much larger cap...

25Jun By PriyankaNo Comments

FUNDING

Technology Startup HUG Innovations Raises $5 Million Funding

HUG Innovations, a technology startup has raised USD 5 million in series A Funding at the Live Instant Funding organised at the second edition of The Indus Entrepreneurs (TiE)- The Guardian Angel here. "Out of the four startups which pitched their idea to pin-up investors HUG Innovations succeeded in raising USD 5 million (Rs 33 crore) series A Funding," a release said today. HUG Innovations founded by Raj Neravati is a technology startup developing gadgets for fitness lovers works on gesture recognition mechanism. The other startups which pitched their ideas were GoLive Gaming, Voltus Wave and Cargo Exchange, it said. "The 2nd edition of The Guardian Angel brought in 125 applicants. We are confident these successful startups will create new benchmarks in the ecosystem and driv...

25Jun By PriyankaNo Comments

INDIA

Indian Space Centre ISRO Developed Technology to Alert Users at Unmanned Crossings

Satellite-based chip systems will now alert road users at unmanned level crossings about approaching trains and also help in tracking train movement on a real-time basis. On a pilot basis, the Mumbai and Guwahati Rajdhani trains will be equipped with this system. Road users will be warned by hooters once a train approaches an unmanned level crossing as railways are installing ISRO-developed integrated circuit (IC) chips on locomotives of trains. There will be hooters at 20 unmanned level crossings on Rajdhani routes for Guwahati and Mumbai, said a senior Railway Ministry official involved with the project. More trains will be equipped with such technology in a phase-wise manner, according to the plan. About 500 metres before the level crossings, the hooter will be activated ...

25Jun By PriyankaNo Comments

Tech

TechGig Enters the Guinness Book of World Records

TechGig Code Gladiators smashes the world record set by Baidu in China by over 160% - creating The Biggest Programming Competition in History TechGig has proven that India is at the Top of the Global IT Industry, having won the Guinness World Record for the country by beating the likes of the USA and China to create the biggest programming event of the world! 'TechGig Code Gladiators 2017' was organized by TechGig to identify the top competitive programmers and technology enthusiasts across India and the rest of the world. The contest registered 2,09,111 participants with the maximum participation from Bengaluru, India. The Guinness World Records citation declares, "The largest computer programming competition was organized by TechGig (India) in Bengaluru, India on 9 June 2017." ...

24Jun By PriyankaNo Comments

CHINA

16 Apple Employee Arrested in China For Selling iPhone Data

Chinese police have arrested 16 employees of an Apple contractor for selling personal information of iPhone users from eastern Chinas Zhejiang Province. In January, police in Cangnan county Zhejiang Province suspected several employees or former employees of an Apple distributor and a contractor of stealing user data, the county procuratorate said in a statement today. In May, police caught 22 people, 20 of whom worked for the two companies, from Guangdong, Jiangsu and Fujian provinces, state-run Xinhua news agency reported. So far, 16 people have been arrested and four remain under investigation. Fifteen of those arrested work for Guangzhou Telecom Yingke Company, a contractor which provides consulting and after-sales service for Apple. Prosecutors said that starting from A...

Cleartrip Launches Arabic Version of Its Desktop Websites

23Jun By PriyankaNo Comments

News

Cleartrip Launches Arabic Version of Its Desktop Websites

Comprehensive travel and leisure activities platform Cleartrip today said it has launched the Arabic version of its desktop websites to strengthens its leadership position in the Middle East. The launch will make available Cleartrips seamless user experience and hassle-free booking experience to Arabic audiences, particularly in markets belonging to the Cooperation Council for the Arab States of the Gulf (formerly Gulf Cooperation Council), the company said in a release. The Arabic website will have airline-focused content, which is a top consumer preference in the region. "Despite being a huge market, the GCC travel industry is still growing and is ripe for disruption. Having achieved a clear leadership position in the UAE, we wanted to expand our footprint across other high-pote...

TATA Group is Looking To Acquire Air India

22Jun By PriyankaNo Comments

BUSINESS

TATA Group is Looking To Acquire Air India

Tata group is believed to be discussing buying a stake in debt-laden Air India amid the government looking at various options, including full or partial privatisation, to revive the national carrier, sources said. When contacted, a Tata group spokesperson said, "We dont comment on speculations." Tata's already have two airline joint ventures Vistara and AirAsia India. Staying afloat on taxpayers money, Air India has been in the red for long and various proposals, including government think-tank Niti Aayog suggestion for complete privatisation, have been made. Sources said Tata group is evaluating options on buying stake in Air India. In this regard, there have been internal meetings as well as meetings with government representatives, sources added. There was no official word f...