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OLA Reach Out to Over 1,00,000 Driver Entrepreneurs Across 10 Cities

18Apr By PriyankaNo Comments

News

OLA Reach Out to Over 1,00,000 Driver Entrepreneurs Across 10 Cities

Ola, India’s most popular mobile app for transportation, today announced plans to reach out to over 1,00,000 driver entrepreneurs through ‘Auto Driver Partner Melas’ across all major cities and towns in India. This follows the success of the first-ever Auto Driver Partner Mela – ‘Ola Baasha Mela’- that was held in Chennai, Tamil Nadu. The three-day Chennai Mela held between 8th April to 10th April witnessed hundreds and thousands of auto rickshaw driver partners availing the opportunity of becoming micro-entrepreneurs by owning auto rickshaws for the first time. They also benefitted from other value additions such as free vehicle insurance, and garage services, etc., including the unique opportunity to join Ola as a driver partner on the platform. Ola plans to replicate the grand suc...

MapmyIndia Acquires Bengaluru Based VIDTEQ To Build 3D and 360 Degree Map

18Apr By PriyankaNo Comments

ACQUISITION

MapmyIndia Acquires Bengaluru Based VIDTEQ To Build 3D and 360 Degree Map

Digital mapping firm MapmyIndia today said it has acquired Bengaluru-based VIDTEQ for an undisclosed amount. MapmyIndia is leading player in the area of digital map data and APIs, GPS navigation, tracking, location apps, and GIS solutions. “The MapmyIndia and VIDTEQ teams are excited to build the future of maps and location technologies together, that can make our world better,” MapmyIndia CTO Rohan Verma said in a statement. Founded by Chandra Thimmannagari and Navada Muraleedhara in May 2008, VIDTEQ offers a video map technology that allows users to view a video clip of the complete route from any source to the destination within a city. It already covers over 20 Indian cities. Besides, MapmyIndia announced a slew of partnerships. Under the collaboration with Reverie Language Techn...

Snapdeal Founders Summoned For Usurping Marketing Concept

16Apr By PriyankaNo Comments

News

Snapdeal Founders Summoned For Usurping Marketing Concept

E-commerce major Snapdeal's CEO Kunal Bahl and two others have been summoned by a Delhi court on a criminal complaint of an entrepreneur who alleged that his idea of connecting sellers and buyers through an e-platform was unauthorisedly usurped by the firm and its officials. Additional Sessions Judge R K Tripathi issued notice to Snapdeal CEO Kunal Bahl, COO Rohit Bansal and its former chief financial officer (CFO) Vijay Ajmera for allegedly cheating entrepreneur Gaurav Dua's concept of "non-inventory holding marketplace model for retail" in the garb of collaborating with him. "Heard. Record perused. Issue notice of revision petition to respondents vide all prescribed modes returnable for May 17, 2017," the judge said. Dua had lodged a criminal complaint against the founders and t...

India is Poor Country To Exapnd Snapchat: Evan Spiegel

15Apr By PriyankaNo Comments

News

India is Poor Country To Exapnd Snapchat: Evan Spiegel

Evan Spiegel, Snapchat founder & CEO making controversy saying India is 'too poor' to consider expansion of its user base. According to one of their ex-employee, the founder of US fastest growing social media app Snapchat said that, "This app is only for rich people. I don't want to expand into poor countries like India and Spain,". The ex-employee said that during a user growth meeting in 2015, Evan Spiegel put emphasis on acquiring only premium users. The ex-employee is currently engaged in a lawsuit against Snapchat after he accused the company of presenting misleading inflated statistics of user data to its investors. According to the lawsuit, Pompliano worked at the firm for three weeks before he was fired for uncovering ‘massive internal systematic failure’ and reporting...

Paytm, Savlon Express Trains on Tracks Soon

14Apr By PriyankaNo Comments

News

Paytm, Savlon Express Trains on Tracks Soon

Paytm Express and Savlon Swachh Bharat Express will soon chug along the tracks as the Indians Railways roll out brand trains. Brands will find prominence on trains as the railways have offered the inside and the outside of compartments for showcasing products. Coaches of premier trains will be used for vinyl advertising of various brands including mobile e-company Paytm and Savlon of ITC, a railway official said. In an attempt to shore up its non-tariff revenue, railways will award advertising contracts of all Rajdhani, Shatabdi and Duronto Express shortly. Railways, which has earned Rs 10,181 cr from non-fare revenue sector in the 2016-17, set an ambitious target of Rs 14,000 cr in the current fiscal. Earnings from advertising on rail over bridge, rail under bridge, station...

Axilor Ventures Announces 20 Startups that Made To Its Fifth Accelerator Batch

14Apr By PriyankaNo Comments

News

Axilor Ventures Announces 20 Startups that Made To Its Fifth Accelerator Batch

Bangalore, April 13, 2017: Axilor Ventures announced the list of 20 startups that made it to its Summer'17 accelerator batch. This is its fifth batch and is the largest accelerator cohort in India. Talking of the new accelerator cohort, Ganapathy Venugopal, Co-founder and CEO of Axilor said, “The institutional capacity to support early stage startups in India is quite low - whether it is the structured programs to systematically improve the odds of success of startups, the market access that they need in their early days or the angel investment capacity. This has been Axilor's mission and by doubling the capacity of this batch to 20 startups we have taken one more step to bridge these gaps. We are very excited to work with the new cohort. The cohort of 20 startups and 52 founders mak...

Facebook Messenger Crosses 1.2 Billion Monthly Active Users

13Apr By PriyankaNo Comments

News

Facebook Messenger Crosses 1.2 Billion Monthly Active Users

Facebook's Messenger today said it has crossed 1.2 billion monthly active users milestone with the addition of about 200 million new users in last eight months. "We now have over 1.2 billion people actively using Messenger every month," Facebook Head of Messenger David Marcus said in a post on the social networking platform. In July last year, Facebook had said it had 1 billion users of Messenger, its messaging service on the social networking platform. Facebook has seen similar traction for its other products as well with India being a key consumer. WhatsApp, its mobile messaging app, has over one billion users of which about 200 million are from India. Its photo-sharing app Instagram has about 600 million users globally. Reports suggest Facebook's flagship app has 1.74 billion m...

13Apr By PriyankaNo Comments

INDIA

Indian Prime Minister Narendra Modi Most Followed World Leader on Instagram

Prime Minister Narendra Modi has emerged as the most followed world leader on photo-sharing app Instagram with a whopping 6.9 million followers, surpassing US President Donald Trump. Modi, who has put out 101 posts till date, is also the most "effective world leader" on the platform, a conclusion that was reached based on the comments and likes that his posts garner. The findings are part of a global study, "World Leaders on Instagram", that analysed the activity of around 325 Instagram accounts of heads of state and government and foreign ministers over the last one year. Trump, who occupies the second spot, has 6.3 million followers while Pope Francis is in third place with 3.7 million followers, ahead of the White House account with 3.4 million followers. The study, undertak...

12Apr By PriyankaNo Comments

ACQUISITION

Wipro Completes InfoSERVER Acquisition

Tech major Wipro today said it has completed the acquisition of Brazilian IT service provider InfoSERVER. The impact of the buyout will reflect in the financials of the company for the June quarter, it added. "We would like to inform that the acquisition of InfoSERVER has been completed on April 10, 2017. The impact of InfoSERVER acquisition is expected to reflect in the financials of the company for the quarter ending June 30, 2017," Wipro said in a BSE filing. In January this year, Wipro signed an agreement to acquire InfoSERVER, an IT service provider focused on the Brazilian market for USD 8.7 million. Wipro had then stated that InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help it in expanding presence in that country's highly traditional a...

Startup Stayzilla CEO Yogendra Vasupal Gets Bail

11Apr By PriyankaNo Comments

News

Startup Stayzilla CEO Yogendra Vasupal Gets Bail

The Madras High Court today granted bail to start-up firm Stayzilla CEO Yogendra Vasupal nearly a month after he was arrested on charges of cheating. Justice S Bhaskaran granted bail to Vasaupal on a personal bond Rs 40 lakh. The Stayzilla CEO was arrested on March 14 on a complaint by city-based advertisement firm that it had been defrauded by the online home stay aggregator Stayzilla to the tune of Rs 1.69 crore. When the complainant firm Jigsaw Advertising and Solutions sought a direction for a mediated settlement to the issue, the judge said it was a clear case of business transaction between two entrepreneurs. He said it was for the parties to work out such a remedy. Earlier Vasupal’s bail plea had been turned down twice, first by the special CB-CID court on March 23 an...

Sportskeeda Announces Appointment of Samarth Sharma as Chief Ideation Officer

11Apr By PriyankaNo Comments

News

Sportskeeda Announces Appointment of Samarth Sharma as Chief Ideation Officer

An alumnus of I.I.T. Delhi, Samarth has several years of experience in Strategy, Business Development and Expansion with global multi-national corporations of repute namely Hewitt Associates, Cognizant, Deutsche Bank and TransUnion. Having worked in multiple sectors and geographies in different roles, Samarth brings with him the skills that Sportskeeda needs to scale their business to greater heights. Besides professional achievements, Samarth runs one of India’s most popular social media accounts in the name of “The-Lying-Lama” that boasts of an audience of over 100K people grown organically in a very short span of time. He is known for producing viral creative content across diverse areas of interest namely sports, entertainment and politics and his content is covered by all media pla...

Fino Paytech Plans To Launch Its Payments Bank Within Two Months

11Apr By PriyankaNo Comments

News

Fino Paytech Plans To Launch Its Payments Bank Within Two Months

Fino Paytech is seeking help from ICICI Bank to set up its payments bank venture and is aiming to launch the new entity within two months, a top official said. "We are aiming to launch payments bank in one-and-a- half to two months. We're taking assistance from ICICI Bank for setting up the bank," chief executive Rishi Gupta told Pixr8. The ICICI Group owns a 20 per cent stake in the bank. Fino, a banking correspondent company which received the final nod from the Reserve Bank last month, needs one more set of internal approvals before launching the operations which include one from the board for operationalising, he said. Apart from the internal nods, integration with payment systems, which will help interoperability for its customers, will take a bulk of time, Gupta sai...